Core Viewpoint - The article emphasizes the importance of the "dual carbon" goals and sustainable development, highlighting how the manufacturing industry, particularly through companies like Platinum Technology, is actively pursuing green transformation and implementing ESG principles to drive future growth and value [1]. Environmental Aspects: Green and Low-Carbon Initiatives - Platinum Technology focuses on green low-carbon and circular development, contributing to sustainable industrial growth [2]. - The company has innovated in green production by utilizing metal 3D printing technology, which significantly reduces harmful gas emissions and energy consumption compared to traditional manufacturing methods. The introduction of the BLT automated production line aims to create a closed-loop powder circulation system, reducing carbon emissions by 56.5% and up to 80% when combined with argon gas recovery [3]. - In product design and innovation, the company employs 3D printing for various components, enhancing efficiency and reducing resource consumption. The introduction of multi-laser systems has improved production speed and material utilization, while new raw materials have been developed for specific applications, further promoting green manufacturing [4]. - The application of metal 3D printing technology has expanded across various sectors, including footwear, bicycles, commercial aerospace, and robotics, achieving significant reductions in carbon emissions and material waste [5]. Social Responsibility: Corporate Commitment - Platinum Technology demonstrates a strong commitment to corporate social responsibility through talent development, with 398 training sessions conducted in 2024 to enhance employee skills and career growth [8]. - The company is actively involved in collaborative projects that promote economic growth and industry development, with significant investments in new facilities and production capabilities, including a projected annual powder production capacity of 3,000 tons [9]. - Support for education and research is evident through partnerships with universities, providing scholarships and funding for innovation competitions, thereby contributing to the advancement of education and research [10]. Corporate Governance: Strengthening Foundations - The company prioritizes research and development, with a 2024 R&D investment of approximately 211.3 million yuan, representing 15.94% of revenue. It has filed 646 patents, with 375 granted, showcasing its commitment to innovation [12]. - Data security and intellectual property protection are emphasized through comprehensive management systems and training programs aimed at enhancing employee awareness [13]. - Platinum Technology adheres to strict ethical standards and compliance measures, including anti-bribery policies and risk management frameworks, ensuring sustainable and responsible business operations [14].

Core Viewpoint - The company Plater (688333.SH) is facing a dilemma of increasing revenue without corresponding profit growth, as evidenced by its recent financial reports [1][2]. Financial Performance - In Q1, the company reported a record revenue of 227 million yuan, but net profit turned from a profit of 957,500 yuan to a loss of 14.95 million yuan, with a non-recurring net loss expanding by 89.99% to 27.02 million yuan [1]. - For the full year 2024, the company achieved a revenue of 1.326 billion yuan, a year-on-year increase of 15.02%, while operating profit decreased by 15.73% [1]. Cost Pressure - The key factor behind the reverse trend of revenue and profit is the significant increase in operating costs, which rose by 36.31%, amounting to an increase of 220 million yuan [3]. - The company's gross profit margins have been pressured due to rising costs, particularly in sectors such as aerospace and industrial applications, where gross margins decreased by 11.06% and 9.81%, respectively [4]. Product Performance - Despite the overall decline in gross margins, the company's self-developed products saw steady revenue growth, with customized 3D printing products, self-developed 3D printing equipment, and raw materials increasing by 23.51%, 4.99%, and 41.38%, respectively [4]. - The company experienced a significant 58.47% growth in overseas markets, with foreign market gross margins remaining high at 55.89% [4]. Strategic Initiatives - The company is accelerating its capacity expansion to enhance its full-chain layout in metal 3D printing, which is crucial for achieving economies of scale and cost reduction [5][6]. - Major projects are underway, including the construction of a new production base for titanium and high-temperature alloy powders, with an investment of 1 billion yuan aimed at increasing annual production capacity to 3,000 tons [6]. Future Outlook - The company is focusing on the development of humanoid robots, leveraging advancements in embodied intelligence technology to enhance production capabilities through integrated metal 3D printing [7].

Core Viewpoint - The article highlights the recent funding round of "Rongsu Technology," a provider of metal wire additive manufacturing solutions, emphasizing its growth potential in the metal 3D printing industry, particularly in Directed Energy Deposition (DED) technology [3][4]. Company Overview - "Rongsu Technology" was established in 2020 and focuses on three core business areas: additive equipment, printing services, and additive software. The company has developed laser wire and arc additive manufacturing equipment, supporting over 30 types of metal materials for industrial production [3][4]. - The company has successfully completed three rounds of financing in the past year, raising nearly 100 million RMB, with investors including Ceyuan Capital and others [3][4]. Industry Insights - The metal 3D printing industry is emerging, with the Chinese market for metal 3D printing equipment expected to reach 3.171 billion RMB in 2023 and projected to exceed 9.5 billion RMB by 2030. The global market is anticipated to grow from 4.7 billion USD in 2024 to nearly 60 billion USD by 2034 [4]. - DED technology is seen as a key technology for upgrading industrial manufacturing, addressing existing pain points in traditional manufacturing processes, such as high costs and long production cycles for medium to large-sized components [4][5]. Technology and Products - "Rongsu Technology" has developed the Laser One, the only mass production standard multi-laser coaxial wire additive equipment in China, and the S-T-A-R series for large industrial mold production [5][6]. - The company’s proprietary multi-laser coaxial wire technology, VEAM, overcomes domestic technical challenges, achieving high precision (roughness of 5μm) and high efficiency (deposition rate of 1kg/h) [6][7]. - The company has delivered over 600 DED wire printed products, with a total weight exceeding 12,000 kg, and supports printing with over 30 types of metal materials [8]. Future Directions - The company plans to focus on two main areas: launching a new generation of laser wire equipment to enhance deposition efficiency and precision, and exploring more applications of DED technology in emerging fields such as construction and renewable energy [7].