9月30日，拓竹科技（简称"拓竹"）在深圳湾万象城开设全球首家直营旗舰店。这是拓竹在登顶全球消 费级3D打印机市场后迈出的重要一步。 申万宏源研报同样认为消费级3D打印机正处于快速增长期，预计到2028年全球市场规模将达到71亿美 元，年复合增长率19.2%。研报指出，该市场主要受益于欧美创客文化、极客DIY需求、小批量加工工 具属性及潮玩IP效应四大驱动力；欧美市场的"创客运动"带动桌面级设备普及，潮玩IP和个性化定制需 求也在持续推动用户群体扩大。 拓竹2020年成立于深圳，2022年推出首款产品，五年时间里迅速发展为全球第一消费级 3D打印机公 司，成为继大疆、安克创新、影石后，又一家以深圳速度和技术实力走向全球的科技公司。据了解，目 前拓竹在美国、日本、德国、英国、新加坡等地均设立办公室，推进全球化布局。 3D打印技术早在上世纪80年代就已出现，但长期受限于设备价格高昂、学习门槛大等因素，主要应用 于工业制造。工业级3D打印机动辄数百万元，而早期消费级产品多依赖开源组装，仅适合小众用户。 2022年，拓竹推出的X1系列产品整合了机械设计、运动控制、机器视觉等技术，在一定程度上改善了 消费级3D打印机的 ...

3D 打印行业深度汇报：消费级需求方兴未艾，重点关注高 性价比 PLA 耗材 20250926 摘要 全球 3D 打印市场持续扩张，预计 2034 年市场规模将超 1,100 亿美元， 未来十年复合增长率达 18%，材料端增速或超 20%。2024 年市场规模 约为 219 亿美元，其中打印服务占比最高（46%），设备端占比 27%，材料端占比 20%，软件端占比最小（6%）。 消费级 3D 打印市场增长迅速，2020 年至 2024 年市场规模从 15 亿美 元增至 41 亿美元，年均复合增长率约 28%，预计未来五年将超过 30%。入门级消费级 3D 打印机（售价低于 2,500 美元）是唯一出货量 增长的品类，2024 年同比增长 26%。 消费级 3D 打印行业受益于价格下降和 AI 技术驱动的建模软件门槛降低。 主流品牌售价相较三年前下降 60%，集中在 2000-3,000 元人民币，AI 技术大幅降低建模难度，消费级 3D 打印已进入需求爆发拐点。 PLA（聚乳酸）是消费级 3D 打印中最常见的耗材，环保无毒且形变小， 适合初学者。预计 2024 年底中国国内 PLA 需求将达 12 万吨，同比 ...

Core Viewpoint - The consumer-grade 3D printing market is experiencing rapid growth, driven by "price reduction + AI empowerment" [1][2] Market Size - The global consumer-grade 3D printing market size is projected to grow from $1.5 billion in 2020 to $4.1 billion by 2024, with a compound annual growth rate (CAGR) of approximately 28% [1] - From 2025 to 2029, the market size is expected to increase from $4.9 billion to $16.9 billion, with a CAGR of about 33% [1] - The annual shipment of consumer-grade printers is expected to remain around 3 million units from 2020 to 2023, surpassing 4 million units in 2024, with a CAGR of approximately 10.2% [1] - By 2029, shipments are projected to reach 13.4 million units, with a CAGR of about 26.6% from 2024 to 2029 [1] Competitive Landscape - Four Shenzhen companies, including Creality and Tiertime, hold a combined 90% market share in the entry-level 3D printer segment [2] - The entry-level 3D printer market (priced ≤ $2,500) is the only segment expected to see growth in 2024, with a shipment increase of 26% [2] Catalysts - The price of consumer-grade 3D printers has decreased by 60% compared to three years ago, with mainstream brands focusing on products priced between $200 to $300 [2] - Some entry-level products are priced below $1000, making them comparable to mid-range smartphones, facilitating the rapid adoption of consumer-grade 3D printers [2] - AI tools, exemplified by Hitem3D, have significantly lowered the creative barrier, providing software conditions for the popularization of consumer-grade 3D printing [2] Material Demand - PLA is the most common material in 3D printing, made from corn starch or sugarcane, known for its eco-friendliness and non-toxicity [3] - The domestic demand for PLA is expected to reach 120,000 tons in 2024, a year-on-year increase of 48.1%, with 3D printing accounting for approximately 35% of this demand [3] - PLA's cost-effectiveness and high frequency of repurchase make it well-positioned to benefit from the growth in consumer-grade 3D printing demand [3]

Group 1: Market Growth - The global consumer-grade 3D printing market is expected to grow from $1.5 billion in 2020 to $4.1 billion in 2024, with a CAGR of approximately 28% [1] - From 2025 to 2029, the market size is projected to increase from $4.9 billion to $16.9 billion, with a CAGR of about 33% [1] - The annual shipment of consumer-grade printers is expected to exceed 4 million units in 2024, with a CAGR of approximately 10.2%, reaching 13.4 million units by 2029, with a CAGR of about 26.6% [1] Group 2: Competitive Landscape - Four Shenzhen companies, including Creality and Tobo, hold 90% of the global entry-level 3D printer market share [2] - Entry-level 3D printers (priced ≤ $2,500) are the only segment expected to see growth in 2024, with a shipment increase of 26% [2] Group 3: Catalysts for Growth - The price of consumer-grade 3D printers has decreased by 60% compared to three years ago, with many entry-level products priced below $1,000 [2] - AI tools, such as those from Hitem3D, have significantly lowered the creative barriers, facilitating the adoption of consumer-grade 3D printing [2] Group 4: Material Demand - PLA is the most common material in 3D printing, with a projected domestic demand of 120,000 tons in 2024, representing a 48.1% year-on-year increase [3] - 3D printing is expected to account for approximately 35% of PLA's application in 2024, making it the largest application area [3] - PLA's characteristics, such as environmental friendliness and ease of use, position it well for growth in consumer-grade 3D printing [3]

秋招季，广东揽才再出"大招"！ 9月23日，由教育部和广东省委、省政府联合举办的"百万英才汇南粤"2025年N城联动秋季招聘活动在 北京、上海同步启动。其中，上海启动式暨上海、山东地区首场招聘活动在上海交通大学举行。 招聘信息显示，比亚迪拟招聘120人，岗位涉及高级软件工程师、高级机械工程师和高级算法工程师 等，学历要求硕士研究生以上，开出的薪酬为1.7万—4万元/月。 参与招聘的企业里，亦有不少岗位开出了百万年薪。记者注意到，有公司对智能化模型与算法研究、大 语言模型异构与虚拟化等多个岗位都开出了最高100万元/年的薪酬。 年薪100万元以上岗位119个 上海交通大学体育馆内，前来应聘的高校学子络绎不绝，不少知名企业的展位前都排起了长队。 最受追捧的企业当属比亚迪，展台前的排队队伍已挡住了通道，企业招聘人员正与应聘者沟通相关事 项。 证券时报记者从上海交通大学专场招聘活动现场获悉，参加招聘的226家企业单位中，不乏华为、腾 讯、比亚迪和影石等知名企业，被认誉为"校招天团"，而招聘企业单位开出的薪酬中，最高可达年薪百 万。 深圳拓竹科技有限公司主营产品是消费级3D打印机。该公司人力资源负责人宋宇宁接受证券时报 ...

秋招季，广东揽才再出"大招"！ 9月23日，由教育部和广东省委、省政府联合举办的"百万英才汇南粤"2025年N城联动秋季招聘活动在 北京、上海同步启动。其中，上海启动式暨上海、山东地区首场招聘活动在上海交通大学举行。 证券时报记者从上海交通大学专场招聘活动现场获悉，参加招聘的226家企业单位中，不乏华为、腾 讯、比亚迪（002594）和影石等知名企业，被认誉为"校招天团"，而招聘企业单位开出的薪酬中，最高 可达年薪百万。 深圳拓竹科技有限公司主营产品是消费级3D打印机。该公司人力资源负责人宋宇宁接受证券时报记者 采访时表示，公司此次招聘的岗位主要是与3D打印机相关的研发类岗位，包括软件开发、自动化、算 法等，公司薪资待遇也比较有竞争力，"今天已收到了50多份简历，上海交大理工科专业与公司招聘需 求较为匹配"。 深圳鲲云信息科技有限公司软件经理李明也在接受记者采访时透露，公司主要从事AI芯片相关业务， 此次拟招聘20—30人，已收到了20多位简历，"有些同学已有相关实习经验，此行可谓收获满满"。 年薪100万元以上岗位119个 上海交通大学体育馆内，前来应聘的高校学子络绎不绝，不少知名企业的展位前都排起了长队。 ...

秋招季，广东揽才再出"大招"！ 9月23日，由教育部和广东省委、省政府联合举办的"百万英才汇南粤"2025年N城联动秋季招聘活动在北京、上海同步 启动。其中，上海启动式暨上海、山东地区首场招聘活动在上海交通大学举行。 证券时报记者从上海交通大学专场招聘活动现场获悉，参加招聘的226家企业单位中，不乏华为、腾讯、比亚迪和影石等 知名企业，被认誉为"校招天团"，而招聘企业单位开出的薪酬中，最高可达年薪百万。 年薪100万元以上岗位119个 上海交通大学体育馆内，前来应聘的高校学子络绎不绝，不少知名企业的展位前都排起了长队。 最受追捧的企业当属比亚迪，展台前的排队队伍已挡住了通道，企业招聘人员正与应聘者沟通相关事项。 招聘信息显示，比亚迪拟招聘120人，岗位涉及高级软件工程师、高级机械工程师和高级算法工程师等，学历要求硕士研 究生以上，开出的薪酬为1.7万—4万元/月。 参与招聘的企业里，亦有不少岗位开出了百万年薪。记者注意到，有公司对智能化模型与算法研究、大语言模型异构与虚 拟化等多个岗位都开出了最高100万元/年的薪酬。 据统计，在上海交通大学专场招聘活动中，参聘企业单位226家，提供岗位1.59万个。其中，本 ...

Summary of the Conference Call on Consumer-Level 3D Printing Industry Overview - The consumer-level 3D printing industry in China is experiencing strong export growth, with exports to the US accounting for 37% and Germany for 20% in the first half of 2024. The total export volume for the year is projected to reach 3.77 million units, generating revenue of 8.2 billion RMB, a year-on-year increase of 33% [1][5]. - The global market size for consumer-level 3D printing reached $19.8 billion in 2024, with an expected annual growth rate of 18.6% over the next 5 to 6 years [2]. Key Players - **拓竹科技 (Tao Zhu Technology)**: - Became the industry leader within three years by continuously iterating new models, building overseas brand presence, and creating a user co-creation community called Make World, which has over 1 million registered users [1][6]. - Reported revenue of 2.7 billion RMB in 2023, with a projected revenue exceeding 5.5 billion RMB and a net profit nearing 2 billion RMB in 2024 [3][9]. - **创想 3D (Chuangxiang 3D)**: - The second-largest consumer-level printer supplier globally and the largest consumer-level scanner supplier, currently pursuing an IPO in Hong Kong to expand market share [7]. Market Dynamics - The consumer-level 3D printing market is characterized by a shift towards professional applications, with B-end demand accounting for 60% and C-end demand for 40% [1][2]. - The industry benefits from improvements in equipment usability, speed, precision, yield, and cost reductions. For instance, the entry-level product price of Tao Zhu Technology dropped from 3,700 RMB in 2022 to 1,500 RMB in 2024 [4]. Growth Factors - Internal factors driving growth include advancements in technology (AI applications for real-time diagnostics and model generation) and significant cost reductions in both equipment and materials [4]. - External factors include the diversification of application scenarios, such as dental crowns in healthcare, small-batch figurines in cultural creativity, and jewelry supports in the jewelry industry [4]. Competitive Landscape - Domestic brands like Tao Zhu Technology and Chuangxiang 3D are rapidly increasing their global influence, surpassing established brands like Prusa in search volume on platforms like Google and Amazon [3][8]. - Tao Zhu Technology has maintained a market share exceeding 50% for five consecutive quarters, with a projected sales growth of 627% for the 2025 618 sales event [9]. Investment Opportunities - The upstream supply chain presents opportunities in consumables, particularly PLA materials, which are widely used and have strong repurchase attributes [13]. - Key components in the midstream supply chain include laser modules, motors, and scanners, with companies like 海正生材 (Haizheng Biomaterials) and 嘉联科技 (Jialian Technology) showing potential in PLA production [14][15][16]. Conclusion - The consumer-level 3D printing industry is poised for significant growth, driven by technological advancements, cost reductions, and expanding application scenarios. Domestic players are increasingly competitive on a global scale, presenting various investment opportunities across the supply chain.

Group 1 - The 3D printing sector experienced significant gains in early trading, with companies like Haizheng Biomedical Materials and Changjiang Materials hitting the daily limit, and Jin Chengzi rising over 15% [1] - According to the National Bureau of Statistics, the production of 3D printing equipment in China is expected to grow by 43.1% year-on-year in the first half of 2025 [1] - The price of consumer-grade 3D printers has decreased by 60% compared to three years ago, with mainstream brands focusing on producing products in the price range of 2000-3000 yuan [1]

Core Viewpoint - Chuangxiang 3D is expected to fill the gap in the secondary market for consumer-grade 3D printers as it seeks to go public in Hong Kong, positioning itself as the first stock in this category [4][10]. Market Dynamics - Following the successful crowdfunding of Anker's UV printer, the market has seen a surge of new players entering the space [2]. - The secondary market has begun to focus on consumer-grade 3D printers, with some companies experiencing significant stock price increases despite being marginal players [6]. Company Positioning - Chuangxiang 3D has submitted its IPO application and plans to heavily invest in UV printer technology to capture new market opportunities [3][12]. - The company has seen a decline in market share for its 3D printers, leading to a need for a second growth curve to maintain its position in the second tier of the consumer-grade 3D printer industry [4][24]. Financial Performance - Chuangxiang 3D's revenue has grown from 1.346 billion RMB in 2022 to 2.288 billion RMB in 2024, with a compound annual growth rate of 30.4%. However, profits have decreased from 1.04 billion RMB in 2022 to 886.6 million RMB in 2024, indicating a situation of revenue growth without profit growth [14][18]. - The company’s 3D printer sales are projected to drop from 870,700 units in 2023 to 720,600 units in 2024 due to a focus on higher-end products [13][21]. Market Share and Competition - Chuangxiang 3D is the largest consumer-grade 3D printer company globally, with a cumulative shipment of 4.4 million units and a market share of 27.9% from 2020 to 2024 [8][9]. - In the 3D scanner market, Chuangxiang 3D leads with a market share of 37.7% by shipment volume in 2024 [15][16]. Future Outlook - The company is actively developing its product matrix, including launching new series of 3D scanners and enhancing its UV printing capabilities [12][22]. - Analysts suggest that if Chuangxiang 3D can improve its profit margins to levels comparable to competitors like Tuozhu, it could unlock significant valuation potential in the secondary market [22][23].