Group 1: Market Overview - The A-share market experienced a recovery on November 24, with significant rebounds in military and AI sectors, while lithium mining stocks faced severe declines [2] - Dapeng Industrial, which debuted on the Beijing Stock Exchange, saw its stock price drop by 48.05% from its peak on the first trading day [2] - Over 40 companies in the A-share market are involved in the 3D printing industry, indicating a growing interest and investment in this sector [5][6] Group 2: 3D Printing Material Innovations - A new type of 3D printing material developed by a research team at the University of Virginia is compatible with the human immune system, potentially advancing medical technologies such as organ transplantation and drug delivery [3] - The new material, which modifies the properties of polyethylene glycol (PEG), exhibits enhanced elasticity and strength, making it suitable for use in biomedical applications [3][4] - This innovative material shows promise as a high-performance solid electrolyte in advanced battery technologies, with ongoing exploration of its applications in solid-state batteries [4] Group 3: Financial Performance of 3D Printing Stocks - In the first three quarters of the year, 24 3D printing concept stocks reported net profit growth, with notable performers including Inno Laser and Chuangjiang New Materials [7] - Among these stocks, six have a rolling P/E ratio below 30, indicating potential value opportunities for investors [7][8] - The average pullback from the year-to-date highs for these 24 stocks is 21.22%, suggesting a correction phase in the market [7]

Core Viewpoint - Aisike Technology Co., Ltd. participated in an investor interaction event on September 19, 2025, discussing business development and product layout with investors [1] Group 1: Business Development and Product Layout - The company has no major merger and acquisition projects disclosed during the reporting period, but will disclose any future plans according to information disclosure rules [2] - The company's CTP products, especially the high-end 256-channel series, maintain technological and market advantages in the domestic market [2] - The company has mastered core technologies in sand-type 3D printing, with multiple products like S1800, T1812, and BTHS2515 already in mass production and sales [2] Group 2: 3D Printing Technology Applications and New Project Layout - The 3D sand-type series printing equipment developed by the company has entered production-level use in domestic enterprises, mainly applied in the casting field [2] - The company is actively expanding the application range of 3D printing and is developing 3D metal printing and ceramic powder printing businesses [2] Group 3: Profit Growth Points for the Second Half of the Year - The company is continuously researching and developing new products while maintaining stable sales and production of existing products [2] - The self-developed S1800 model 3D sand-type printing equipment is suitable for small and medium-sized casting enterprises, and has entered mass production [2] - The BTHS2515 model has been officially sold, aimed at future automation layouts compatible with smart factories and Industry 4.0 demands [2] Group 4: Progress on 3D Metal Printing Heads - The company has completed testing and optimization of various modules of the multi-laser metal printing head and has entered the pilot production stage [2] - The product is suitable for industries such as 3C digital and shoe molds [2] Group 5: Order Situation - The company stated that the order situation for the second half of the year will depend on market demand and product competitiveness, and it is currently unable to provide an accurate forecast [2] Group 6: Core Components - The 3D laser metal printing head consists of a laser, a galvanometer, and a dynamic focusing system, with the company's self-developed multi-laser metal printing head being 100% domestically produced [2]

Group 1 - The company Aisike (300521) has completed the online optimization and debugging of multi-laser metal printing heads by the end of 2024 [1] - The company has also finished the production printing tests of machine parts, which have passed the tests [1] - These developments position the multi-laser metal printing heads as a core component of 3D metal printing equipment [1]

Core Insights - The company Aisike has completed the online optimization and debugging of multi-laser metal printing heads by the end of 2024, marking a significant milestone in its production capabilities [2] - The successful testing of machine parts indicates that these components will become key parts of 3D metal printing equipment, enabling 100% localization of 3D metal printing devices [2]