作者 | 吴华秀 编辑 | 袁斯来 硬氪获悉，AI+金属新材料研发公司「创材深造」（Deep Material）近日完成数千万元A轮系列融资，先后由合世家资本与晨晖资本参与投资。本轮融资资 金将用于新材料研发迭代、高通量自动化实验室升级、人工智能模型开发，以及垂直行业场景的规模化应用。 值得注意的是，公司自研的软硬件一体化材料智能体（DM Agent）将于9月10日正式发布，进一步推动其技术落地进程。 "材料研发不是做个模型就能一蹴而就，它的难度在于数据闭环和产业落地。"创始人王轩泽表示。在他看来，这也是为什么AI在医药等领域已涌现多家上市 公司，但在金属材料领域依然少有人做成。而投资方看中的，正是创材深造在"AI+材料"领域已跑通产业化路径，并具备快速放大的条件。 成立于2021年，创材深造创造性地将人工智能嵌入金属新材料研发全流程，从算法模型、高通量实验室到材料数据体系全部自建。这条路径与王轩泽的背景 密切相关：上海交通大学本硕，人工智能方向出身，成长于钢铁重镇辽宁鞍山的材料世家。2015年，他首次意识到AI可能改变材料研发，但当时技术、算 力和数据条件尚未成熟。五年后，他看到机会临近，"在金属材料领域， ...

丨证券研究报告丨 联合研究丨公司点评丨铂力特（688333.SH） [Table_Title] 铂力特 2025H1 点评：业绩恢复增长，产能持续 扩大 报告要点 [Table_Summary] 公司发布 2025H1 财报，2025H1 实现营业收入 6.67 亿元，同比增长 17.22%，归母净利润 0.76 亿元，同比增长 9.98%；其中 2025Q2 营收 4.40 亿元，同比增长 23.09%，环比增长 93.80%， 归母净利润 0.91 亿元，同比增长 33.37%，环比增长 710.46%。 分析师及联系人 [Table_Author] 铂力特（688333.SH） cjzqdt11111 赵智勇 王贺嘉 倪蕤 杨继虎 SAC：S0490517110001 SAC：S0490520110004 SAC：S0490520030003 SAC：S0490525040001 SFC：BRP550 SFC：BUX462 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 [Table_Title 铂力特 2025H1 2] 点评：业绩恢复增长，产能持续 扩 ...

值得注意的是，公司自研的软硬件一体化材料智能体（DM Agent）将于9月10日正式发布，进一步推动其技术落地进程。 "材料研发不是做个模型就能一蹴而就，它的难度在于数据闭环和产业落地。"创始人王轩泽表示。在他看来，这也是为什么AI在医药等领域已涌现多家上 市公司，但在金属材料领域依然少有人做成。而投资方看中的，正是创材深造在"AI+材料"领域已跑通产业化路径，并具备快速放大的条件。 成立于2021年，创材深造创造性地将人工智能嵌入金属新材料研发全流程，从算法模型、高通量实验室到材料数据体系全部自建。这条路径与王轩泽的背 景密切相关：上海交通大学本硕，人工智能方向出身，成长于钢铁重镇辽宁鞍山的材料世家。2015年，他首次意识到AI可能改变材料研发，但当时技 术、算力和数据条件尚未成熟。五年后，他看到机会临近，"在金属材料领域，客户最关注的是性能指标，这恰恰是AI可以精准优化的方向。" AI+金属新材料研发公司「创材深造」（Deep Material）近日完成数千万元A轮系列融资，先后由合世家资本与晨晖资本参与投资。本轮融资资金将用于 新材料研发迭代、高通量自动化实验室升级、人工智能模型开发，以及垂直行业场景的 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company reported H1 2025 revenue of 667 million yuan, a year-over-year increase of 17.22%, and a net profit attributable to shareholders of 76 million yuan, up 9.98% year-over-year, indicating that the performance met expectations [4][5] - The company is actively expanding into emerging markets such as commercial aerospace and consumer electronics, which is expected to drive future growth [5] Financial Data and Profitability Forecast - For H1 2025, the company achieved total revenue of 667 million yuan, with a breakdown showing 422 million yuan from customized 3D printing products and services (up 30.52% year-over-year), 186 million yuan from 3D printing equipment and services (down 6.35% year-over-year), and 59 million yuan from 3D printing materials (up 25.27% year-over-year) [5] - The company’s gross margin for H1 2025 was 42.18%, slightly down from 43.62% in the previous year, primarily due to changes in product mix [5] - The report forecasts total revenue for 2025 to be 1.827 billion yuan, with a year-over-year growth rate of 37.8% [4][7] Market Expansion and Production Capacity - The company is focusing on expanding its production capacity and market presence, particularly in the aerospace sector, and is expected to benefit from increased demand in the future [5] - The company is also investing in the construction of a new production line for high-quality additive manufacturing materials, which is projected to increase capacity to 3,000 tons per year [5] Earnings Forecast Adjustment - The report has adjusted the earnings forecast for 2025 and 2026, lowering the net profit estimates to 208 million yuan and 277 million yuan respectively, while introducing a new estimate for 2027 at 378 million yuan [5]

Core Viewpoint - The implementation of the "Promotion Law of Private Economy" marks a significant milestone in recognizing the legal status of the private economy in China, particularly in the context of the vibrant development of the private sector in the Xi'an High-tech Zone [1][2]. Group 1: Private Economy as a Growth Engine - The private economy has become a core engine for regional economic growth, exemplified by the operations of Xi'an Bolite Technology Co., Ltd., which specializes in industrial-grade metal additive manufacturing [2]. - The Xi'an High-tech Zone has integrated resources to support private enterprises, leading to the rapid rise of companies like Sailong Metal and Ouzhong Materials, contributing to new economic growth points in the region [2][3]. Group 2: Contribution of Private Enterprises - The Xi'an High-tech Zone has a total of 216,000 market entities, with private enterprises accounting for 96.6%. These enterprises contribute over 80% of the zone's tax revenue, over 60% of its GDP, and over 90% of technological innovation and employment [3]. Group 3: Mechanisms Supporting Private Enterprise Development - The Xi'an High-tech Zone has established various mechanisms to support the development of private enterprises, including a leadership group for promoting private economic development and a statistical monitoring system for high-quality growth [4]. - In 2024, the zone processed applications from 2,360 enterprises for national and local special funds, securing a total of 56.78 billion yuan [4]. - The zone has promoted credit financing models, providing over 8.3 billion yuan in credit to more than 1,000 enterprises [4]. Group 4: Talent Attraction and Retention - The Xi'an High-tech Zone has implemented initiatives to attract and retain talent, including recruitment activities and support for establishing research stations, resulting in a concentration of over 500 high-level talents and approximately 300,000 individuals with bachelor's degrees or higher [5]. Group 5: Enhancing Core Competitiveness of Private Enterprises - By 2025, the Xi'an High-tech Zone aims to rank among the top national high-tech zones, supported by the robust foundation of its private enterprises, which make up over 96% of the total [6]. Group 6: Role of Leading Private Enterprises - The development of companies like Blue Sky Technology reflects the growth of leading private enterprises in the Xi'an High-tech Zone, which are driving innovation and overcoming technological challenges in various fields [7][8]. - The zone has successfully created a complete industrial chain in sectors like automotive manufacturing, with leading companies like BYD driving the growth of smaller private enterprises [8].