智通财经6月16日讯，今日55股涨停，21股炸板，封板率为72%，元隆雅图12天8板，金时科技10天7板，捷强装备、金橙子、通源石油20CM2连板，昂利康 10天6板，东信和平6天3板。市场全天震荡反弹，创业板指领涨。沪深两市全天成交1.22万亿元，较上个交易日缩量2522亿元。盘面上，市场热点快速轮 动，个股涨多跌少，全市场超3500只个股上涨。板块方面，数字货币、影视、CPO、石油等板块涨幅居前，贵金属、汽车整车、机场、航运等板块跌幅居 前。截至收盘，沪指涨0.35%，深成指涨0.41%，创业板指涨0.66%。 人气及连板股分析 连板晋级率降至12.5%，短线情绪与今日的缩量普涨形成背离，连板高度降至4连板的元隆雅图，成为市场仅剩的3板以上连板股，上周五断板的康惠制药缩 量跌停，另外共创草坪、金陵体育等多只此前热门的足球概念人气股纷纷位居跌幅前列。此前备受套利资金青睐的20厘米方向热度居高不下，今日仍有十余 股涨停，其中捷强装备等多股实现连板晋级。此外中毅达的涨停使得前期高位人气股再度有所加强，包括舒泰神、汇金股份等多只尚未结束重点监控的品种 今日均不同程度展开修复。在目前市场暂未走出价升量增节奏前，活跃 ...

Market Overview - The market opened low but rebounded, with all three major indices rising. The trading volume reached 1.24 trillion yuan, with over 3,500 stocks in the Shanghai and Shenzhen markets showing gains [1] - Stablecoin concept stocks surged, with companies like Hengsheng Electronics, Sifang Precision, Hengbao Co., and Hailian Jinwei hitting the daily limit [1] - Oil and gas stocks experienced a peak but then retreated, with Shandong Molong, Junyou Co., and Beiken Energy also reaching the daily limit [1] - The IP economy continued to show strength, boosting sectors like 3D printing, with stocks such as Yuanlong Yatu and Dizu Fashion also hitting the daily limit [1] Blockchain Sector - The blockchain concept saw significant gains, with stocks like GCL-Poly Energy and Hengbao Co. hitting the daily limit. The Hong Kong government has passed the "Stablecoin Regulation," which will establish a licensing system for stablecoin issuers, effective from August 1 [4][7] - According to DEFILLAMA, the global stablecoin market cap reached approximately $250.3 billion (about 1.8 trillion yuan) as of June 8, 2025, marking a 50-fold increase from about $5 billion at the end of 2019 [7] - The introduction of the stablecoin legislation in Hong Kong is expected to accelerate the compliance development of stablecoins and promote the large-scale application of Real World Assets (RWA), with the RWA market projected to reach $16 trillion by 2030 [7] IP Economy - The IP economy remained active, with stocks like Yuanlong Yatu and Dizu Fashion hitting the daily limit. Light Media's chairman revealed that the sales of derivatives related to "Nezha 2" have reached hundreds of billions [9][10] - The Chinese IP derivative market is expected to reach 174.2 billion yuan by 2024, with a compound annual growth rate of 15.1% from 2020 to 2024 [11] 3D Printing Sector - The 3D printing sector showed strength, with stocks like Jinchengzi and Haizheng Materials hitting the daily limit. Reports indicate that significant cost reductions in product iterations have been achieved through 3D printing technology [12][14] - The 3D printing industry in China is experiencing rapid growth, with equipment production increasing by 36% year-on-year in 2023 and exports rising by 55% [14] - The popularity of IPs has led to a surge in 3D printing community responses, with developers optimizing 3D models for new IPs, indicating a promising future for 3D printing materials [14]

Core Insights - The 2025 France Technology Innovation Exhibition was successfully held in Paris from June 11 to 14, showcasing the China Pavilion organized by the China Council for the Promotion of International Trade in France [1][2] - The China Pavilion featured multiple Chinese enterprises from technology, communication, manufacturing, and cultural sectors, highlighting advancements in artificial intelligence, robotics, digital solutions, 5G communication, and additive manufacturing [1][2] Group 1 - The China Pavilion included notable companies such as Huawei, China Mobile, China Unicom, Dahua Technology, and Moutai Group, representing a blend of technological innovation and cultural confidence [1][2] - The exhibition attracted professional audiences, media, and industry personnel from various countries, facilitating interaction and discussions on cooperation [1][2] Group 2 - Chinese Ambassador to France, Deng Li, emphasized the Chinese government's commitment to placing technological innovation at the core of national development, increasing research investment, and reforming the technology system [2] - The pavilion focused on themes of "openness, cooperation, and sharing," providing a platform for French and European startups to showcase their innovations [2] - During the exhibition, six thematic forums were organized, addressing topics such as China-EU technological innovation, supply chain cooperation, and the internationalization of small and medium-sized enterprises [2]

IP经济热度持续火爆，带动 3D打印概念活跃，午后 海正生材20CM涨停，此前 金橙子20CM涨停， 爱 司凯、 科翔股份涨超10%， 思看科技、 金运激光、 长江材料、 金太阳等涨幅靠前。消息面上， LABUBU的热度居高不下，一些直呼"根本抢不到"的消费者开始将目光放到了3D打印上。在 MakerWorld、THANGS、Thingiverse等国内3D打印网络社区上，均出现了大量LABUBU相关的3D打印 模型。 ...

Market Overview - The A-share market opened positively with all three major indices in the green, with the Shanghai Composite Index up 0.10%, the Shenzhen Component Index up 0.29%, and the ChiNext Index up 0.63% [1][2] Stablecoin Sector - The stablecoin concept stocks surged, with notable gains in companies like Tianyang Technology, which hit the daily limit with a 20% increase, and other stocks such as Hailian Jinhui and Hengbao shares also reaching their limits [6][8] - The Hong Kong government has passed the "Stablecoin Regulation," establishing a licensing system for stablecoin issuers, effective from August 1 [8] Oil and Gas Sector - Oil and gas stocks showed strong performance, with Keli Co. reaching a 30% limit up, and other companies like Shandong Molong and Junyou shares also hitting their limits [10][12] - Following an Israeli attack on Iranian energy facilities, crude oil futures continued to rise, with domestic commodity futures also showing increases, including crude oil up over 6% [12][13] 3D Printing Sector - 3D printing concept stocks experienced significant movement, with Jin Chengzi reaching a 20% limit up within three minutes of opening, and other companies like Haizheng Shengcai and Beikang Technology also showing strong gains [3][14] Innovation Drug Sector - The innovation drug sector strengthened, with Guangsheng Tang hitting a 20% limit up, and other companies like Xinda Co. and Yuekang Pharmaceutical also showing notable increases [14]

Core Viewpoint - The 2025 (Fourth) Polymer 3D Printing Materials Summit will focus on the integration of advanced materials and technologies in various high-end applications, emphasizing the importance of 3D printing in driving innovation across industries such as aerospace, automotive, and biomedical sectors [1][2]. Group 1: Event Overview - The summit will take place from July 18-20, 2025, in Hangzhou, Zhejiang [1]. - It aims to create a comprehensive platform for experts and industry leaders to discuss the latest trends, innovations, and application needs in the additive manufacturing industry [2]. Group 2: Key Themes and Challenges - The forum will address core demands for integration, lightweight design, high performance, and customization in 3D printing materials and processes [2]. - Despite the advancements, challenges remain in achieving multi-variety, large-scale, low-cost, high-precision, and ultra-fast 3D printing capabilities [1]. Group 3: Notable Participants - The event will feature prominent speakers from various institutions, including: - Xie Tao from Zhejiang University, focusing on multifunctional smart polymers [6]. - Yan Chunze from Huazhong University of Science and Technology, specializing in powder bed fusion laser additive manufacturing technology [7]. - Tian Xiaoyong from Xi'an Jiaotong University, discussing advanced composite material 3D printing technology [9]. - Zhu Guang from Qingfeng Technology, sharing insights on smart materials in orthodontic applications [11]. Group 4: Supporting Organizations - The summit is organized by the Polymer Materials and Engineering Branch of the Chinese Materials Research Society, with support from various research institutes and companies [4][5].

Core Viewpoint - The company Plittech (688333), known as the "first stock of 3D printing" on the Sci-Tech Innovation Board, is under regulatory scrutiny again due to concerns regarding the reasonableness of revenue fluctuations and compliance with revenue recognition standards [1][2]. Revenue Recognition Compliance - Plittech has faced ongoing disputes regarding financial compliance, with its 2024 annual report showing a revenue of 1.323 billion yuan, a year-on-year increase of 15.02%. However, 40.21% of this revenue was recognized in the fourth quarter, raising questions about potential "end-of-year performance boosting" [2]. - The regulatory inquiry specifically questions whether there are instances of abnormal shortening of the delivery to acceptance cycle, contracts signed after delivery, and revenue recognition before delivery [2]. - In January 2025, the company received a warning from the Shaanxi Securities Regulatory Bureau for prematurely recognizing revenue in 2023, where control of products had not yet transferred [2]. - The company’s new revenue recognition policies and compliance with storage of goods under management models have also come under scrutiny, particularly regarding contracts with major state-owned enterprises that involved "shipping before signing" [2]. High Accounts Receivable and Inventory Concerns - As of the end of 2024, Plittech's accounts receivable reached 1.04 billion yuan, a year-on-year increase of 22.8%, with over 23.4% of these accounts aged over one year [4]. - The company claims that its clients are primarily large state-owned enterprises, which justifies the long collection periods, but historical data shows that its accounts receivable turnover rate has consistently been below the industry average [4]. - The inventory balance at the end of 2024 was 872 million yuan, a significant increase of 48.8%, with work-in-progress and finished goods rising by 211% and 64.6%, respectively [4]. - The company attributes the high inventory levels to preparations for new orders, but only 50.7% of finished goods were converted post-period, indicating potential issues with market demand or production planning [4]. - Despite achieving a positive operating cash flow of 346 million yuan in 2024 by extending payment cycles, this reliance on adjusting payment terms for cash flow improvement may not be sustainable [4].

Group 1 - The "Tech Forever" innovation exhibition in Paris showcases cutting-edge technologies from Chinese companies, including Huawei, Yushutech, China Mobile, and others, attracting numerous visitors and professionals [1][2] - The Chinese pavilion serves as a platform for displaying technological achievements and fostering collaboration between Chinese enterprises and French institutions [1] - Yushutech presented an updated version of its humanoid robot G1, aiming to promote its application in education and research fields, contributing to AI technology development and STEM education [1] Group 2 - Xidimo 3D Printing Company showcased a full range of printing equipment capable of high-performance 3D printing solutions for satellite thermal control structures and electric vehicles [2] - China Unicom highlighted its integrated system solutions for Chinese enterprises going abroad and local foreign enterprises, with a focus on AI applications in system upgrades [2] - The "Tech Forever" exhibition, established in 2016, has become a significant platform for technology innovation and startups, with around 3,500 exhibitors and an expected visitor count exceeding 160,000 this year [2]

Core Viewpoint - The article highlights the significant increase in financial support for technological innovation in China, showcasing successful case studies of companies benefiting from government funding and innovative financial models like "first investment, then equity" to overcome funding challenges in research and development [1][3][4]. Group 1: Financial Support and Innovation - In 2024, a company in Shandong received 5 million yuan in "first investment, then equity" support, leading to a 100% increase in sales revenue, reaching 48.04 million yuan [4]. - The Shandong provincial government has invested 3.4 billion yuan in 2024 to support over 1,000 high-growth small and medium-sized enterprises, aiming to enhance their innovation capabilities [4]. - Since 2020, Shandong has invested 4.77 billion yuan in over 300 projects, leveraging social capital by more than three times through various investment methods [4]. Group 2: Technological Breakthroughs - Chongqing's Jin Feng Laboratory developed a leading multi-immune fluorescence scanning system with a startup fund of 7 million yuan, achieving a 90% improvement in detection efficiency [1][12]. - The laboratory has produced several innovative technologies, including a smart tissue sampling and analysis system, significantly reducing analysis time by 70% and improving accuracy by 50% [12][13]. - The company, Guoce Shizha Technology, has received 39.92 million yuan in government funding over two years, enabling the development of high-precision measurement sensors [5][8]. Group 3: Policy Innovations - Chongqing has shifted from providing subsidies to project-specific funding, with major projects receiving between 10 million to 30 million yuan, ensuring funds are used effectively [9]. - The city has implemented a project-based funding model, requiring companies to sign task agreements that outline research content, fund usage, and performance goals [9]. - The Jin Feng Laboratory's funding is shared between municipal and district finances, with a total investment of 1 billion yuan planned during the 14th Five-Year Plan period [13].

Core Viewpoint - LuxCreo has achieved significant advancements in 3D printing technology for dental applications, particularly with the direct 3D printing of invisible braces, which has received regulatory approval in multiple countries, enhancing production efficiency and patient satisfaction [2][3]. Group 1: 3D Printing Technology in Healthcare - The potential of 3D printing in the medical field surpasses traditional manufacturing methods, enabling seamless integration of patient needs with advanced production techniques [2]. - LuxCreo's direct 3D printing of invisible braces eliminates the need for dental molds, significantly improving production efficiency and product accuracy, with the entire process taking only 3 hours from scanning to delivery [2]. - The collaboration with EMA Sleep aims to produce 3D printed medical devices for obstructive sleep apnea, addressing the limitations of traditional manufacturing methods and enhancing customization for patients [3]. Group 2: Market Potential and Competitive Advantage - The medical market is currently valued at $500 billion and is projected to grow to $800 billion by 2032, indicating substantial growth opportunities [3]. - LuxCreo positions itself as a leader in polymer 3D printing solutions by integrating advanced printers, AI software, and high-performance materials, providing a comprehensive digital production solution that gives it a competitive edge over traditional manufacturing methods [3]. Group 3: Upcoming Events and Industry Engagement - LuxCreo will participate in the 2025 (Fourth) Polymer 3D Printing Materials Summit, where its CTO will present on the mechanisms and applications of ActiveMemory™ smart materials in direct 3D printing of orthodontic devices [1][7].