（来源：黑龙江日报） 多维时空创建于2014年，是大庆高新区的明星企业，更是国内规模最大的无机材料3D打印产业化中 心。作为国家级高新技术企业和工业设计企业，多维时空精准契合省两会"发展先进制造业"的部署要 求，以智能化、增材化、绿色化为方向，打通了从技术研发到产品落地的全链条。 公司总经理史晓丽介绍，经过1.8万次反复实验调试，企业研发的专用材料，不仅拥有超高强度和精 度，还能适配多领域定制化需求，相比传统工艺，生产效率提升15%以上，生产成本大幅降低。 依托技术创新，多维时空的产品早已"出圈"——从航空压气涡轮、小卫星轻量化壳体结构件，到贴近生 活的地图浮雕、动漫手办，各类定制化产品源源不断走向市场。2025年，公司累计完成各类新设备型号 开发任务5项、软件两项，形成发明专利20多项，技术标准4项，投入市场应用效果显著。企业获评工信 部工业设计创新中心创始会员单位，油气装备专委会委员单位，并完成省级工程技术研究中心和中试熟 化基地建设申报。 "省政府工作报告为我们指明了方向，也给了我们十足的信心。"史晓丽表示，作为基层制造企业，发展 新质生产力，就是要立足自身优势，在研发上持续发力、在人才上重点培育、在产 ...

转自：云南日报 云南省优化营商环境促进合作发展恳谈会在昆举行 共同认识机遇抓住机遇用好机遇 让企业发展更顺心省心放心暖心 王予波致辞 2月7日，云南省优化营商环境促进合作发展恳谈会在昆明举行，向国内外企业推介我省重点领域投资机 遇，与企业家们深入交流洽谈、共启合作新篇。 受省委书记王宁委托，王予波代表省委、省政府欢迎各位企业家。他与大家分享了宁德时代在昆明投资 建设新能源电池项目、恒利智造在曲靖落地铝合金零件3D打印生产线、北京宏福集团在大理建成现代 农业产业园、新加坡元立集团在保山打造农文旅综合体等4个事例，多角度展现了我省生态环境、自然 资源、绿色能源、对外开放等方面比较优势，以及众多企业认识机遇、抓住机遇、用好机遇、共享机 遇，在深耕云南中实现更好更快发展的生动故事。 王予波表示，"十五五"是云南与全国同步基本实现社会主义现代化夯实基础、全面发力的关键时期，第 一位的战略任务是打好产业转型升级攻坚战，企业是不可或缺的重要支撑、重要力量。我们将扎实推 进"项目攻坚年"，深入实施提振民间投资、优化营商环境等攻坚行动，始终把企业和企业家当作自己 人，竭诚欢迎、竭诚支持、竭诚服务，让大家在云南投资更加顺心、省心 ...

Core Insights - Proto Labs has transitioned from a loss to profitability, reporting earnings of $0.44 per share in Q4, surpassing analyst expectations of $0.34 per share [1][3] - The company achieved Q4 sales of $136.5 million, a 12% increase year over year, and full-year sales growth of 6% [3] - Despite the positive earnings report, free cash flow declined by 13% to $59.7 million in 2025 compared to $68.6 million in 2024 [4] Financial Performance - Q4 earnings per share (GAAP) were $0.25, marking a significant turnaround from a loss in the previous year [3] - For the full year, earnings per share reached $0.88, reflecting a 33% increase from $0.66 in 2024 [3] - The gross margin for Proto Labs stands at 44.12% [6] Future Outlook - Proto Labs forecasts sales growth between 6% and 8% for 2026, with Q1 2026 sales expected to range from $130 million to $138 million [6] - Projected GAAP profit for Q1 2026 is estimated to be between $0.17 and $0.25 per share, likely lower than Q4 2025 [6] Market Position - Proto Labs' current stock price is $62.45, with a market capitalization of $1.2 billion [6] - The stock is trading at a P/E ratio of 70, which may be considered expensive given the company's growth rate and declining free cash flow [7]

作为商业航天核心制造装备的关键供应商，温商企业、杭州易加三维增材技术股份有限公司（简称"易 加增材"）凭借超大型金属3D打印硬核实力，深度绑定全球产业链，在这场千亿级赛道竞争中占据核心 卡位。目前，公司正积极推进筹备工作，拟"冲刺"科创板。 据悉，杭州易加三维增材技术股份有限公司董事长李健浩是乐清人，公司主要专注于研发、生产和销售 工业级增材制造（3D打印）设备。 去年6月，上交所正式受理易加增材科创板IPO申请。此次公司拟募集资金12.05亿元，重点投向金属3D 打印扩产、产业化项目及研发中心建设等核心方向。招股书披露的财务数据，勾勒出该公司清晰的高成 长曲线。2022至2024年，营业收入从2.47亿元增长至4.71亿元，复合增长率达38.06%，盈利能力持续凸 显。根据招股说明书披露，该公司曾牵头承担了科技部组织的3项国家重点研发计划。 据介绍，该公司累计拥有超130余项授权专利，其中拥有50项发明专利、45项软件著作权，牵头或参与 制订14项国家标准及行业标准，国家级重点专精特新"小巨人"资质名副其实。其中，公司深耕十余年的 粉末床金属3D打印技术，成功攻克多激光拼接精度、风场均一性、超重载成型平台精 ...

Group 1: Smartphone Market - The global smartphone market revenue reached $143 billion in Q4 2025, marking a 13% year-on-year increase and setting a record for single-quarter revenue [2] - The average selling price (ASP) of smartphones surpassed $400 for the first time, reflecting an 8% year-on-year growth, driven by a trend towards higher-end devices and rising material costs [2] - Smartphone shipment volume grew by 5% year-on-year, indicating a market growth driven by "value expansion" rather than "scale expansion" [2] Group 2: MLCC Market - The global MLCC market is experiencing polarization, with high-end demand driven by AI applications, while the mid-to-low-end market faces pressure due to rising raw material costs and weak demand [2] - Major manufacturers in Japan and South Korea are operating at full capacity due to increased orders for high-end MLCCs, while the consumer electronics sector is struggling [2] - The supply chain is expected to reflect a trend of "AI heat, consumer cold" in Q1 2026, necessitating suppliers to focus on high-end AI products and manage traditional product inventory and cost risks [2] Group 3: 3D Printing Industry - The domestic 3D printing industry has seen a positive start in 2026, with numerous companies reporting increased performance and ongoing mergers and acquisitions [4] - The application of 3D printing technology is expanding into various fields, including aerospace, consumer electronics, and biomedicine, highlighting its value in customization and efficiency [4] Group 4: NAND Flash Market - NAND flash memory prices surged by 80%-90% in Q1 2026, driven by a sharp increase in general server DRAM prices and a similar rise in NAND prices after a relatively stable Q4 [3] - The overall market is experiencing a comprehensive price increase, influenced by rising prices of certain HBM3e products [3] Group 5: Financial and Investment Activities - New City Development raised HKD 473 million by placing 198 million shares at HKD 2.39 each, with funds aimed at business development and improving liquidity [7] - The China Securities Regulatory Commission approved the IPO registration of Aitec, a company specializing in automotive electronics [7] - Hengwei Technology reported a 30.13% year-on-year increase in net profit for 2025, despite a 6.31% decline in revenue [14]

Summary of the Conference Call on Consumer 3D Printing Industry Industry Overview - The conference focused on the consumer-grade 3D printing industry, discussing its definition, market potential, innovation logic, and competitive landscape [1][2][3] Key Points Definition of Consumer 3D Printing - Consumer 3D printing is defined as a new manufacturing method distinct from traditional manufacturing techniques such as additive and subtractive manufacturing [1][2] - It is characterized by its ability to produce small quantities of unique or customized products, suitable for applications in education, cultural creativity, and consumer goods [3][4] Market Potential - The global consumer 3D printing market is projected to grow from $1.5 billion in 2020 to $4.2 billion by 2024, reflecting a compound annual growth rate (CAGR) of approximately 29% [11][12] - Sales of consumer 3D printers alone are expected to increase from $1 billion in 2020 to $2.1 billion by 2024, with a forecasted CAGR of around 20% [13][14] - The penetration rate of consumer 3D printers is currently low, estimated at less than 2% in developed regions, indicating significant growth potential [15][16] Innovation Logic - The innovation in the consumer 3D printing industry is driven by hardware upgrades, material innovation, and software ecosystem development [20][22] - The industry is characterized by rapid iteration and the need for strong software support to enhance user experience and operational efficiency [21][22] Competitive Landscape - The market is dominated by Chinese brands, with the top five companies holding significant market shares: - Tofu (29%) - Creality (17%) - Zhuhai (13%) - Smart (12%) - Enjoy (7%) [23] - Tofu, a relatively new entrant, has shown remarkable growth, achieving revenues of over 10 billion RMB in 2022, indicating a strong competitive position [24][26] Challenges and Opportunities - The industry faces challenges such as the need for improved user-friendliness and the complexity of the printing process, which requires robust software support [21][22] - Opportunities exist for expansion into complementary products, such as 3D scanners and laser engravers, as well as potential for global market growth, particularly in regions with less developed supply chains [28] Conclusion - The consumer 3D printing industry is in a growth phase with substantial opportunities for innovation and market expansion, particularly for companies that can effectively integrate hardware, materials, and software solutions [28]

【中泰电新】#江顺科技：与九宇成立合资公司，切入商业航天3D打印 九宇建木DED打印技术国内领先，卡位国内头部整箭商 #3D打印DED技术具备优势、渗透率预期提升：1）不受体积限制，更轻、推力更大，可实现大部件打印；2）多金 属一体化打印，可无需焊接，极端环境下更有利于回收复用；3）成本更低。 目前SpaceX猛禽发动机主要采用DED技术路径，预计后续国内该技术渗透率提升 #九宇定位商业航天发动 【中泰电新】#江顺科技：与九宇成立合资公司，切入商业航天3D打印 九宇建木DED打印技术国内领先，卡位国内头部整箭商 #3D打印DED技术具备优势、渗透率预期提升：1）不受体积限制，更轻、推力更大，可实现大部件打印；2）多金 属一体化打印，可无需焊接，极端环境下更有利于回收复用；3）成本更低。 投资建议：公司主业铝型材挤压模具及设备业务看好出海拓张贡献弹性；同时，基于九宇建木3D打印技术优势， 公司加速拓展商业航天、服务器液冷等领域，打开新成长级。 建议重点关注 风险提示：产业进展不及预期、竞争加剧等 目前SpaceX猛禽发动机主要采用DED技术路径，预计后续国内该技术渗透率提升 #九宇定位商业航天发动机且技术团队实 ...

想要在同一块打印件上同时获得骨骼般的坚硬和肌肉般的柔韧？这已不再是幻想。据最新一期《科 学》杂志报道，美国得克萨斯大学奥斯汀分校研究团队在3D打印领域取得突破。他们通过开发微米级 性能可控的3D打印新工艺，仅需改变光照强度，就能在同一物体上按需调控硬度与透明度。实现这种 低成本、高精度的技术意味着，未来医学学生或许能在触感极为逼真的"打印人体"上练手，而无需昂贵 的特种设备。 (责编：罗知之、陈键) 关注公众号：人民网财经 与传统多材料打印不同，CRAFT技术是在同一种材料内部"原位诱导"出性能差异。这种方法更接 近自然界组织结构的连续变化方式，避开了多材料结构中常见的界面失效和断裂问题，使模型在受力和 形变上表现得更像真实的人体组织。 在医学教学领域，CRAFT可构建同时包含"硬—软"多种力学特性的三维模型，模拟骨骼、韧带和 肌肉等组织之间的真实连接关系。相比传统3D打印模型，这类结构在受力和形变上的表现更接近真实 人体组织。 这项被命名为"热塑性材料增材制造中的结晶度调控"（CRAFT）的技术，其核心秘密并不在于材 料本身的复杂性，而在于如何用光来精准"塑形"材料的内部微观结构。在打印过程中，研究人员利用 ...

Company and Industry Insights - Texas Instruments is reportedly in deep negotiations to acquire chip design company Synaptics for approximately $7 billion, with Synaptics' stock surging over 45% post-announcement [7] - CATL and Fulin Precision are increasing capital in their subsidiary Jiangxi Shenghua to establish a new 500,000-ton ferrous oxalate project, securing upstream raw material supply [7] - Good Products' controlling shareholder, Ningbo Hanyi, has received an execution notice due to overdue debts, potentially putting some of its shares at risk of forced execution [7] - Tianyi Research Institute has completed IPO counseling registration with the Hunan Securities Regulatory Bureau, known for launching 37 satellites into space, dubbed the "Pinduoduo" of the aerospace industry [8] - Huafa Co. plans to raise no more than 3 billion yuan through a private placement to fund nine real estate projects, supplementing project development capital [8] - Kailong High-Tech intends to acquire 70% of Jinhua Wanda through a combination of stock issuance and cash payment, with shares resuming trading on February 4 [8] - Cambrian Technology experienced a drop of over 14% during trading, closing down 9.18% at 1,128 yuan per share, nearing a 30% decline from its high in August [8] - Walmart's market capitalization has surpassed $1 trillion for the first time, with a year-to-date increase of 13%, joining the exclusive club of trillion-dollar retail companies [8] - Disney has appointed Josh D'Amaro as the new CEO, succeeding Bob Iger, with a base salary of $2.5 million and a target one-time stock award of $9.7 million [8] - HP has appointed Bruce Broussard as interim CEO, effective immediately, following the resignation of Enrique Lores [8] - Sun Kai, Vice President and Secretary of the Board at Industrial Bank, has increased his stake in the company by purchasing 40,000 shares, reflecting confidence in the company's future development [8]

Summary of Conference Call Records Company and Industry Overview - The company discussed is Huashu High-Tech, a leading player in the global 3D printing industry, particularly in metal and polymer 3D printing equipment [1][2] - The global 3D printing market is projected to reach $21.9 billion in 2024, with an expected compound annual growth rate (CAGR) of 18% over the next decade, potentially exceeding $114.5 billion by 2034 [2] Core Insights and Arguments - The company has established a complete ecosystem that includes equipment, materials, proprietary software, and after-sales services, creating significant competitive barriers [1] - The R&D expense ratio for the company is projected to reach 22.23% in Q1-Q3 2025, indicating a strong commitment to maintaining technological leadership [1] - A joint venture is set to be established by December 2025, focusing on 3D printing services in consumer sectors such as 3C, which is expected to shift the company’s revenue model from solely equipment and materials to a dual-driven model including services [1][3] - The aerospace sector is anticipated to account for nearly 50% of the company's revenue in 2024, with significant contributions from the FS1521M large-scale equipment, which can be configured with up to 32 fiber lasers [2] - The company is actively expanding its 3D printing services in the 3C and automotive industries, with major clients like Apple and Honor adopting 3D printing technology for precision components [2] Additional Important Points - The company is positioned to benefit directly from the explosive demand in the aerospace sector, as evidenced by a core client, Fei Er Kang, purchasing approximately 40 metal 3D printing machines [2] - The investment recommendation suggests a "buy" rating based on the company's technological advantages and the anticipated rapid growth in 3D printing services and equipment [3] - Risks highlighted include potential underperformance in downstream application expansion, fluctuations in raw material prices, technological evolution risks, geopolitical and exchange rate volatility, and risks associated with the unlocking of restricted shares [3]