文｜高见pro 近日，一向低调、几乎不与资本市场互动的大疆，竟主动打开大门，邀约外界体验尚未发布的全景无人机新品DJI Avata 360。 尤为反差的是，大疆多次声明"不融资、不上市"。既然如此，为何主动邀约？又为何选在此时？ 今年以来，大疆动作频频。除了全景无人机的邀约体验，还推出了扫地机器人ROMO，以及传出投资3D打印企业的消息。 从无人机主业，到扫地机器人，再到3D打印，三件事看似分散，却指向同一战略转向：一向低调、依靠技术领先的大疆，开始主动出击了。 与此同时，影石、拓竹、追觅，也正从各自领域向外扩张，不再安于原有地盘。面对大疆"防御性攻击"，有人攻，有人守，有人绕。 一场围绕技术路径、生态边界与下一代硬件入口的"混战"，愈演愈烈。 影石的"攻" 在科技行业的竞争叙事中，影石创新创始人刘靖康多次在公开场合及社交媒体上，对大疆及其创始人汪滔表示敬佩。 商业竞技场上，言辞可以谦卑，但行动从来诚实。 今年7月，影石宣布进军无人机市场、推出全景无人机品牌"影翎Antigravity"，直指大疆腹地。刘靖康在朋友圈中称汪滔为"贴着物理规律做决策的人"，并 表示"领跑马拉松的是顶级选手，你也会跑得更快"，言语 ...

Core Insights - The event "X-Day" in Shenzhen showcased six innovative companies across various sectors, including cross-border e-commerce AI services, 3D printing, biomedicine, and optical technology, highlighting the vibrant entrepreneurial spirit in Shenzhen [2][3][4] Group 1: Event Overview - The "Next Star" competition is linked to a global reward of 1 million yuan and a strategic investment fund of 500 million yuan, emphasizing the support for startups in Shenzhen [2][6] - The event featured a diverse range of startups, including those focusing on AI in cross-border e-commerce, metal 3D printing, and biopharmaceuticals, showcasing the city's innovation landscape [3][4][5] Group 2: Company Highlights - Xijue Data, founded by a Bilibili UP master, targets cross-border e-commerce with its AI product, Keble, which has attracted 1.9 million sellers globally [3] - Guangyi Precision, focusing on metal 3D printing, aims to address industry pain points related to processing costs and precision [4] - Medicovestor, a US-based biotech firm, is developing antibody-drug conjugates for cancer and autoimmune diseases [4] Group 3: Entrepreneurial Environment - Shenzhen attracts nearly 200,000 young talents annually, including high-tech professionals, which is crucial for the growth of new industries [6] - The "Entrepreneur Star" competition serves as a significant platform for innovation, having selected 56 projects from over 2,600 teams, covering cutting-edge fields like AI and biomedicine [6][7] - The event also highlighted the pragmatic approach of Shenzhen entrepreneurs, who prioritize commercialization even in long R&D cycles [5][7] Group 4: Investment and Support - The competition offers over 20 million yuan in total prizes, a 500 million yuan direct investment fund, and various support services, including zero-rent spaces and housing for talents [7] - The "X-Day" initiative has successfully facilitated over 2,500 institutional connections, helping 17 companies secure over 530 million yuan in equity financing [7]

Core Viewpoint - The article highlights the vibrant entrepreneurial atmosphere in Shenzhen, showcasing various innovative startups across multiple sectors, and emphasizes the importance of practical approaches to entrepreneurship in the region [2][7]. Group 1: Event Overview - The "X-Day" special event took place on November 15 at the Shenzhen University Town International Conference Center, featuring six companies from sectors such as cross-border e-commerce AI services, 3D printing, biomedicine, and semiconductor imaging [2]. - This event is linked to the 2025 "Entrepreneur Star" Next Star global competition, which has a strategic direct investment fund of 500 million yuan [2][6]. Group 2: Featured Startups - Xi Ju Data, founded by a Bilibili UP master, focuses on AI solutions for cross-border e-commerce, currently serving 1.9 million sellers on major platforms like Amazon [3]. - Guangyi Precision, co-founded by Ma Jili, targets the metal 3D printing sector, addressing industry pain points related to forming precision and post-processing costs [4]. - Medico Investor, a U.S.-based biotech firm, is developing antibody-drug conjugates for cancer and autoimmune diseases, led by a seasoned expert in translational medicine [4]. - Feituo Xingchi specializes in body-sensing interaction technology, aiming to create an AI sports and entertainment platform [5]. - Aoxiang Ruiying focuses on next-generation radiation detection technology, holding over 20 core patents and has secured angel round financing [5]. - Kaijia Optical Technology, founded by a researcher with multiple academic accolades, develops advanced optical imaging systems and has received two rounds of financing [5]. Group 3: Entrepreneurial Environment - The entrepreneurial spirit in Shenzhen is characterized by a pragmatic approach, with founders focusing on monetization strategies even in long R&D cycles [7]. - Shenzhen attracts nearly 200,000 young talents annually, including high-tech professionals, which is crucial for the growth of new industries [8]. - The "Entrepreneur Star" competition serves as a significant platform for innovation, having selected 56 quality projects from over 2,600 teams, covering fields like AI, biomedicine, and advanced manufacturing [8][9]. Group 4: Support and Funding - The competition offers over 20 million yuan in total prizes, a 500 million yuan direct investment fund, and various support services including zero-rent spaces and housing policies for talents [9]. - The "X-Day" event has facilitated over 2,500 institutional connections, helping 17 companies secure equity financing exceeding 530 million yuan [9].

人民财讯11月20日电，企查查APP显示，近日，深圳市智能派科技有限公司发生工商变更，注册资本增 加至约643.96万元，新增杭州疆御科技咨询有限公司、深圳市大疆创新科技有限公司为股东，同时，公 司主要人员亦发生变更。 企查查显示，深圳市智能派科技有限公司成立于2015年3月，法定代表人为洪英盛，现由洪英盛、深圳 市智造未来企业管理合伙企业(有限合伙)等及上述新增股东共同持股。官网显示，智能派科技专注于研 发、生产和销售消费级3D打印机、激光雕刻机、STEM套件等产品。 ...

国金证券认为，3D打印行业消费级渗透正当时，新消费浪潮下大有可为。根据PrecedenceResearch数 据，全球3D打印市场规模在2024年达到246.1亿美元（约1700亿元人民币），2024—2034年CAGR有望 达到18.5%。其中参数适中、操作简便、价格亲民的消费级3D打印市场蓄势待发，根据创想三维招股 书，消费级3D打印2024年市场规模为41亿美元，CAGR达到28%。需求端，3D打印小单快返的生产特 点，契合新消费浪潮下对于个性化、差异化、限量款的消费需求，持续抬升行业天花板。供给端，伴随 龙头企业开发多喷头、自动调平等技术普惠长尾效应显现，开箱即用属性提高，消费级3D打印或迎来 行业突破。 近日，苹果公司在官方网页上正式披露，Apple Watch Series 11/Ultra 3的钛金属表壳全部采用全新3D打 印工艺制造。该3D打印技术采用"粘结喷射"方式，将100%再生钛金属粉末逐层堆叠成表壳雏形，再通 过热压和精细加工完成最终形态。除苹果公司外，无人机龙头大疆公司进军3D打印的消息，同样引起 市场关注。 ...

Core Insights - The 3D printing industry is at a critical juncture for consumer adoption, with significant advancements in technology and increasing demand for personalized products [5][4]. Group 1: 3D Printing Technology Developments - Carnegie Mellon University scientists have developed a new 3D printing technique that successfully created microDeltas, a type of miniature delta robot, which could be utilized in micro-manipulation, micro-assembly, and wearable haptic devices [3]. - The new 3D printing process is based on two-photon polymerization, allowing for the rapid production of complex 3D structures with electrical functionalities, significantly reducing design iteration time compared to traditional methods [3]. Group 2: Market Demand and Growth - Global demand for consumer-grade 3D printers has surged, with a reported 22% year-on-year increase in entry-level printer sales in Q1 of this year, surpassing 1 million units shipped for the first time [4]. - The 3D printing equipment production saw a 40.5% year-on-year increase in the first three quarters, outpacing growth in industrial robots and electric vehicles [4]. - The global 3D printing market is projected to reach $24.61 billion by 2024, with a compound annual growth rate (CAGR) of 18.5% from 2024 to 2034 [4]. Group 3: Investment and Stock Performance - 14 3D printing concept stocks have shown increased trading activity, with an average year-to-date increase of 43.11%, outperforming the Shanghai Composite Index [6]. - Notable stocks include Tongda Chuangzhi, which saw a trading volume increase of 224.46% in November, and Jinggong Technology, which had a trading volume increase of 79.68% [6][7]. - DJI's recent investment in a 3D printing company highlights the potential for growth in the consumer 3D printing sector, aligning with its innovative technology strategy [4].

Core Viewpoint - A competitive landscape is emerging in the 3D printing industry, particularly in Shenzhen, as DJI invests in a rival company, Smart Pie, raising concerns for its former employee, Tao Ye, founder of Tuo Zhu Technology [1][2][3]. Group 1: Investment and Market Dynamics - DJI has invested in Smart Pie, a domestic 3D printing company, indicating its confidence in the growth potential of the consumer-grade 3D printing market [4][12]. - The global 3D printing market is projected to reach $24.61 billion (approximately 1700 billion RMB) in 2024, with an expected annual growth rate of 18.5% over the next decade [12][13]. - The consumer-grade segment is anticipated to grow significantly, reaching $4.1 billion in 2024, accounting for 16% of the overall market, with a remarkable annual growth rate of 28% [15]. Group 2: Company Performance and Competition - Tuo Zhu Technology has rapidly grown, achieving revenues exceeding 5 billion RMB in just four years, outpacing DJI's growth trajectory during its early years [10][17]. - Tuo Zhu's revenue for 2024 is projected to be between 5.5 billion and 6 billion RMB, with a net profit nearing 2 billion RMB [17]. - The competitive landscape is dominated by four Shenzhen companies—Tuo Zhu Technology, Smart Pie, Zongwei Lifang, and Chuangxiang Sanwei—holding 90% of the global entry-level 3D printer market [16][26]. Group 3: Technological Advancements - Advances in technology and user experience have driven the explosion of consumer-grade 3D printing, with Tuo Zhu's innovations in hardware and software significantly improving product usability [20][22]. - Tuo Zhu's MakerWorld platform has become the largest 3D model community globally, with nearly 10 million monthly active users and over one million models available [23]. - The integration of AI in 3D design is lowering barriers for users, allowing for easier model generation and optimization, further accelerating market growth [25]. Group 4: Future Outlook - DJI's entry into the 3D printing market is seen as a potential turning point, signaling a shift from niche hobbyist products to mainstream consumer applications [27]. - The industry is expected to continue its rapid growth, with projections indicating that the consumer-grade 3D printing market could reach $16.9 billion by 2029, reflecting a compound annual growth rate of 33% [25].

Group 1: Apple and DJI Developments - Apple has officially announced that the titanium cases for the Apple Watch Series 11/Ultra 3 are manufactured using a new 3D printing process, which utilizes "binder jetting" to layer 100% recycled titanium powder, significantly reducing material waste and saving approximately 400 tons of titanium annually [1] - DJI has invested several hundred million RMB in the consumer-grade 3D printing company Smart Pie, recognizing the growth potential of the consumer-grade 3D printing technology and aligning with its innovative technology strategy [1] Group 2: Market Trends in 3D Printing - Global demand for consumer-grade 3D printing has surged, with entry-level 3D printer sales increasing by 22% year-on-year in Q1, surpassing 1 million units for the first time [2] - The production of 3D printing equipment in China has grown by 40.5% year-on-year in the first three quarters, outpacing growth in industrial robots and new energy vehicles [2] - The global 3D printing market is projected to reach $24.61 billion by 2024, with a compound annual growth rate (CAGR) of 18.5% from 2024 to 2034 [2] Group 3: Performance of 3D Printing Stocks - A-share 3D printing concept stocks have shown strong performance, with an average increase of 43.11% year-to-date, outperforming the Shanghai Composite Index [3] - Five concept stocks have seen increases exceeding 70% year-to-date, including Zhongzhou Special Materials, Huazhu High-Tech, and others [3] - Trading activity has increased significantly for 3D printing concept stocks, with notable increases in daily trading volume for companies like Tongda Chuangzhi and Yinbang Co., indicating heightened investor interest [3]

Core Insights - A new 3D printing technology developed by scientists at Carnegie Mellon University has successfully created microDeltas, miniature delta robots, which are expected to play significant roles in micro-manipulation, micro-assembly, minimally invasive surgery, and wearable haptic devices [1] - The technology utilizes advanced nano-manufacturing techniques, focusing laser to precisely cure photosensitive materials and depositing thin metal layers to create complex 3D structures and actuators without manual folding or assembly [1] - The 3D printing industry is on the verge of a transformative phase, with increasing applications across various sectors such as manufacturing, healthcare, education, and construction, driven by cost reduction, improved standards, and rising demand [1] Industry Summary - The performance and cost advantages of 3D printing are becoming more pronounced, accelerating the technology's penetration rate [1] - The Chinese 3D printing market is projected to exceed 63 billion yuan in 2024, representing a 30-fold increase over the past decade, with expectations to surpass 100 billion yuan by 2029, driving the upstream and downstream industry chain to exceed 300 billion yuan [1] Company Summary - Relevant A-share concept stocks include Hongchang Electronics and AVIC Heavy Machinery, which are associated with the advancements in 3D printing technology [1]

3D Printing - A new 3D printing technology developed by Carnegie Mellon University has successfully created microDeltas, miniature delta robots, which could play significant roles in micro-manipulation, micro-assembly, micro-surgery, and wearable haptic devices [1] - The 3D printing market in China is expected to exceed 63 billion yuan in 2024, growing 30 times over the past decade, and is projected to surpass 100 billion yuan by 2029, driving the upstream and downstream industry chain to exceed 300 billion yuan [1] AI Toys - The Ministry of Industry and Information Technology of China is promoting the high-quality development of AI toys, focusing on policy support and product innovation [2] - The domestic toy market retail sales are expected to reach 97.85 billion yuan in 2024, with AI toys, trendy toys, and educational toys being the three core growth engines [2] Down Jacket Prices - The price of down jackets is surging due to a significant increase in the cost of down feathers, with white duck down prices rising from 170,000 yuan per ton to approximately 580,000 yuan [3] - The cost of producing a short adult down jacket has approached 1,000 yuan due to soaring raw material prices [3] MLCC Price Increases - Fenghua Advanced Technology has announced price increases for various MLCC products due to rising costs of raw materials, with price hikes ranging from 5% to 30% [4] - The demand for passive components is being driven by AI servers and electric vehicles, with the usage of MLCCs in AI servers being eight times that of traditional servers [4] Flash Memory Price Increases - Flash wafer prices have seen significant increases, with 1Tb QLC rising by 25% to $12.5 and 512Gb TLC increasing by 38.46% to $9 [5] - NAND product demand is expected to exceed supply, with inventory turnover days decreasing from 135 to 115 days [5] Electric Vehicle Charging Infrastructure - As of October 2025, the total number of electric vehicle charging facilities in China reached 18.645 million, a year-on-year increase of 54% [6] - The National Development and Reform Commission has launched a plan to double charging service capacity by 2027, which is expected to drive over 200 billion yuan in investment in charging facility manufacturing and construction [6] Sustainable Aviation Fuel (SAF) - The Indian government is set to release a national SAF policy, with aviation fuel demand expected to reach 15-16 million tons by 2030 [7] - SAF prices have been rising, with European SAF prices reaching $2,900-$2,920 per ton, a 58% increase since the beginning of the year [7] Hong Kong-Shenzhen Financial Technology Cooperation - The Hong Kong and Shenzhen governments have announced a plan to establish a global fintech center, aiming to implement over 20 cross-border data verification platforms by the end of 2027 [8] Satellite Launch Success - China successfully launched three satellites for space environment detection and technology verification, marking the 608th flight of the Long March series rockets [8] C919 Aircraft Operations - China Southern Airlines has commenced commercial operations of the domestically produced C919 aircraft on the Guangzhou-Ningbo route, featuring a customized cabin layout [9] Apple Foldable iPhone - Apple is internally testing its first foldable iPhone with a battery capacity of 5,400-5,800mAh, which would surpass the iPhone 17 Pro Max's 5,088mAh [9]