Company Insights - Sikan Technology has developed a handheld 3D scanner that utilizes blue laser technology, which offers better precision and resistance to environmental light interference compared to traditional red laser systems [4][5][6] - The company has invested 10 years in building a technological moat in the 3D visual digitization field, leading to the launch of the world's first handheld dual-color laser scanner in late 2016 [6] - Sikan Technology's R&D expenditure is projected to be 17.76% in 2024 and is expected to rise to 24.06% in the first three quarters of 2025, with approximately 40% of its workforce dedicated to R&D [6][7] - The company has successfully ventured into non-industrial applications, including cultural heritage preservation and medical imaging, showcasing its technology's versatility [7][8] - Sikan Technology's mission is to create a 3D digital ecosystem that integrates advanced technologies like digital twins and the metaverse, aiming to redefine the boundaries of 3D applications [8] Industry Overview - The visual intelligence industry in Hangzhou is recognized as a key sector within the national advanced manufacturing cluster, with a focus on digital security and visual intelligence [3][9] - The industry has shown robust growth, with revenues reaching 710.4 billion yuan in the first three quarters of 2025, marking a 14.4% year-on-year increase [10] - Hangzhou aims to establish itself as a global hub for visual intelligence technology, with plans to reach a revenue target of 900 billion yuan by 2027 and 1.1 trillion yuan by 2030 [11] - The establishment of "China Vision Valley" is a significant initiative to attract top-tier companies, talent, and research platforms to the region, enhancing the local visual intelligence ecosystem [10][11]

Core Viewpoint - Sikan Technology, known as the "first stock of 3D scanning" in A-shares, has been deeply engaged in 3D visual digitalization, aiming to balance social value and commercialization potential through diversified cooperation models [2][6]. Group 1: Technology Development - Sikan Technology has developed the SIMSCAN series of handheld 3D scanners, which are compact and lightweight, weighing only 570 grams, and have been successfully used in space experiments [3][4]. - The company has achieved breakthroughs in non-contact 3D scanning technology, with measurement accuracy reaching up to 0.02 millimeters, breaking foreign technology monopolies [4]. - Sikan Technology has introduced several innovative technologies, including multi-band scanning and edge computing, with product iteration speed surpassing that of overseas competitors [4]. Group 2: Industry Applications - The company extends its 3D visual technology beyond industrial applications to cultural heritage protection and healthcare, converting irreplaceable cultural assets into sustainable digital assets [5][6]. - In the medical field, Sikan Technology combines 3D visual technology with 3D printing and AI algorithms to create customized orthotic supports for patients, addressing industry pain points [5]. Group 3: Global Expansion - Sikan Technology is focusing on expanding its overseas market, with subsidiaries established in Germany and the USA, and offices in South Korea, India, Brazil, and Mexico [7]. - The company's overseas revenue is projected to account for 42.90% of total revenue in 2024, reflecting a year-on-year growth of 55.73% [7]. - To address local service preferences in the European and American markets, Sikan Technology adopts a "technology + service" strategy, ensuring high international standards while customizing services for different markets [7]. Group 4: Future Outlook - The company plans to increase R&D investment, expanding its team and focusing on breakthroughs in high-precision 3D visual technology and its integration with AI [8]. - Sikan Technology is collaborating with international organizations to promote the standardization of 3D visual technology, aiming to enhance the global competitiveness of Chinese enterprises [8].

Core Insights - The article highlights the rapid development of Chinese technology companies, exemplified by YingShi Innovation's panoramic cameras and SiKan Technology's 3D scanners, showcasing their global presence and innovation capabilities [5][7][12] - The role of the securities industry, particularly CITIC Securities, is emphasized as a crucial facilitator in supporting these technology firms through comprehensive financial services, aiding their growth and market expansion [6][13][19] Company Highlights - YingShi Innovation has maintained the largest market share in the global panoramic camera market for six consecutive years, with over 70% of its revenue coming from international sales [11][12] - SiKan Technology became the first A-share listed company in the 3D scanning sector, raising 569 million yuan during its IPO, with a revenue growth of 17.70% year-on-year [11][12] - Both companies have leveraged capital market support to enhance their R&D capabilities and expand production capacity, with significant increases in their respective R&D investments [11][12] Industry Trends - The securities industry is increasingly returning to its investment banking roots, providing tailored financial solutions to technology firms, thus fostering a healthy cycle between technology, capital, and industry [7][13] - The capital market is evolving to better accommodate technology innovation, with a focus on supporting high-tech enterprises through various financing methods, including IPOs and bond issuances [14][15] - The growth of the Sci-Tech Innovation Board (STAR Market) is highlighted, with a significant number of companies in new-generation information technology and high-end equipment manufacturing, indicating a strong trend towards supporting innovative industries [14][18]

Group 1 - The core viewpoint of the news emphasizes the acceleration of high-level technological self-reliance and innovation as a direction for development, with enterprises being the main body of this technological advancement [2] - Yuhang District is focusing on emerging industries such as artificial intelligence, humanoid robots, low-altitude economy, and brain-like intelligence to cultivate a future industrial system and promote stable economic growth [2] - The number of market entities in Yuhang has exceeded 300,000, indicating a robust entrepreneurial environment [2] Group 2 - Sikan Technology, a company based in Yuhang, has developed a portable 3D scanner that can create a one-to-one digital replica of objects in seconds, breaking the foreign monopoly in the portable laser scanning equipment market [3] - The company has expanded its operations from an initial 200 square meters to over 800 square meters, supported by local government initiatives [3] - Sikan Technology's products have reached industry-leading levels, with its handheld 3D scanner being the only one to have been used on the Chinese space station [3][4] Group 3 - Sikan Technology's business now spans over 70 countries and regions, and it has recently collaborated with Qiangnao Technology to customize prosthetics for disabled individuals [4] - The company successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, becoming the first stock in the 3D scanning sector on this board [4] - Future plans include increasing R&D investment and talent development to achieve breakthroughs in 3D visual digitization technology [4] Group 4 - The development of Sikan Technology exemplifies the growth of high-tech enterprises in Yuhang, which are empowering various industries and promoting deep integration of technological and industrial innovation [5] - In social governance, Haoshun Video has implemented an intelligent drone inspection project using self-developed AI algorithms for all-weather monitoring [5] - In the medical rehabilitation sector, Norkang has launched the CS-30A implant, the first domestic cochlear implant compatible with 3.0T MRI scans [5] Group 5 - In the cultural technology sector, Wuzhi Technology has developed LBMR technology, allowing audiences to interact with film characters through VR devices [6] - Yuhang has increased the construction of high-level innovation platforms and technology-leading enterprises, adding 72 new high-tech enterprise R&D centers, ranking first in the city [6] - In the first three quarters, Yuhang has implemented 201 technology achievement transformation projects, laying a solid foundation for becoming an innovative and vibrant city [6]