来到城西科创大走廊未来科技城展馆，刘非认真听取相关规划、产业布局、重点项目等情况介绍， 指出城西科创大走廊未来科技城是重要科创高地，要进一步放大高能级科创平台集聚、创新创业活跃优 势，围绕推进教育科技人才一体改革发展、科技创新与产业创新深度融合，守正创新、积极探索，打造 最优创新创业生态，营造一流营商环境，努力建设成为全球人才创业创新的新高地。 走进阿里巴巴集团展厅，刘非详细了解企业发展历程，充分肯定企业为杭州经济社会发展作出的重 要贡献，指出新时代新征程阿里集团发展前景广阔，市委、市政府将全力支持企业做强做优做大各业务 板块。他鼓励企业加大科技创新投入，在推动科技创新、培育新质生产力、助力乡村振兴、扩大消费等 方面发挥更大作用。抖音集团浙江公司落户以来快速发展，成为余杭数字经济发展的又一增长点。刘非 对公司新大楼即将投用表示祝贺，希望企业把更多创新业务落地杭州，做优内容创作，发挥平台优势讲 好"杭州故事"。在思看科技（杭州）股份有限公司，刘非听取企业发展情况介绍后说，要着眼世界前 沿，加大创新力度，不断提升核心竞争力和市场占有率，在3D视觉数字化行业领域实现更大突破。在 华立集团，刘非仔细了解公司转型发展情 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [8] Core Insights - The company is a leading manufacturer of 3D scanners, holding the largest market share in China and the second largest globally. It has demonstrated rapid revenue growth while maintaining high profitability, with a projected gross margin of 76% and a net margin of 36% in 2024 [7][40] - The company focuses on high-end manufacturing, providing precise and efficient solutions for various industrial applications, including reverse engineering, 3D inspection, and 3D printing [7][23] - The core competitive advantage lies in its advanced algorithms and structural design capabilities, which support a range of 3D scanning products and software solutions [7][18] - The company is positioned to expand into professional fields such as healthcare and cultural heritage, leveraging its existing technology and market presence [7][10] Financial Data and Profit Forecast - The company is expected to achieve total revenue of 426 million yuan in 2025, with a year-on-year growth rate of 28%. By 2027, revenue is projected to reach 729 million yuan [6] - The net profit attributable to the parent company is forecasted to be 162 million yuan in 2025, growing to 274 million yuan by 2027, reflecting a compound annual growth rate of 32.5% [6] - The earnings per share (EPS) is estimated to be 2.38 yuan in 2025, increasing to 4.03 yuan by 2027 [6] Market Position and Competitive Landscape - The company has established a strong foothold in the industrial-grade 3D scanning market, with a diverse product matrix that includes handheld, automated, and color 3D scanners [19][40] - The report highlights the company's ability to penetrate both domestic and international markets, with overseas revenue growing significantly [45][49] - The company is compared to peers such as Lingyun Optics and Aoptics, with a projected price-to-earnings (PE) ratio of 69x for 2025, supporting the "Buy" rating [8] Technological Advantages - The company has developed a robust technology stack, including three core technology clusters: 3D recognition and reconstruction, 3D extension, and stereo vision calibration [58] - Innovations such as edge computing and multi-band scanning technology enhance the efficiency and accuracy of 3D scanning processes, positioning the company favorably against traditional contact-based measurement methods [63][69] Growth Drivers - The report identifies key growth drivers, including the expansion into professional fields and the development of physical AI applications, which could significantly enhance the company's market potential [7][10] - The company is expected to benefit from increasing demand for non-contact measurement solutions, which are anticipated to replace traditional methods in various industries [86]