Investment Rating - The report recommends a "Buy" rating for several companies within the technology sector, indicating a positive outlook for their stock performance over the next 12 months [31]. Core Insights - The report highlights key companies in the technology sector, including Jiangsu Technology (Electronics, Communication, Computer, Media) as top picks for March 2026 [5][9]. - The report emphasizes the growth potential in various sub-sectors, particularly in 3D printing, liquid cooling solutions, AI chips, and gaming [15][16][18][19][21]. Summary by Category Electronics - **Precision Electronics**: Expected to achieve a net profit of 0.8e-0.9e in 2025, a significant increase of 181.97%-192.21% year-on-year, driven by semiconductor orders and improved operational efficiency [15]. - **Han's Laser**: Anticipated explosive growth in 3D printing, with a potential market share increase due to demand from North American clients [15]. Communication - **Invech**: Projected net profits of 5.87 million, 10.47 million, and 15.35 million from 2025 to 2027, with a strong focus on liquid cooling solutions and overseas market expansion [16]. - **Rui Ming Technology**: Expected to recover from previous losses, with projected net profits of 3.81 million, 4.95 million, and 6.67 million from 2025 to 2027, driven by increased demand in commercial vehicle information systems [17]. Computer - **Haiguang Information**: Positioned as a leader in high-end CPUs and DCUs, benefiting from the growth of domestic AI computing power and collaboration with major tech firms [18]. - **Cambricon**: Anticipated to maintain strong growth in AI chip demand, supported by ongoing R&D and market trends [18]. Media - **Kaiying Network**: Expected to launch several new games in 2026, which are projected to drive revenue growth [19]. - **Perfect World**: Anticipated to release a new RPG game, "Yihuan," with high market expectations, contributing to future revenue growth [21].

【更新】 3#环旭电子：坚定看好CPO新贵，公司基本面强劲，26/27年预计35-40亿/70亿利润，回调就是加仓机会 4 期货公司一季度的利润被市场严重低估，在大宗的带动下，保证 【更新】 1#大族激光：工业制造ChatGPT时刻已经到来，把握3D打印产业机遇，坚定看翻倍以上空间 2#天承科技：近期收到大客户大规模加单，基本面持续加强，底部标的，值得重视，看200亿。 1#大族激光：工业制造ChatGPT时刻已经到来，把握3D打印产业机遇，坚定看翻倍以上空间 2#天承科技：近期收到大客户大规模加单，基本面持续加强，底部标的，值得重视，看200亿。 ...

1#大族激光：工业制造ChatGPT时刻已经到来，把握3D打印产业机遇，坚定看翻倍以上空间 2#天承科技：近期收到大客户大规模加单，基本面持续加强，底部标的，值得重视，看200亿。 期货公司一季度的利润被市场严重低估，在大宗的带动下，保证金增长迅猛！ 【更新】 【更新】 1#大族激光：工业制造ChatGPT时刻已经到来，把握3D打印产业机遇，坚定看翻倍以上空间 2#天承科技：近期收到大客户大规模加单，基本面持续加强，底部标的，值得重视，看200亿。 3#环旭电子：坚定看好CPO新贵，公司基本面强劲，26/27年预计35-40亿/70亿利润，回调就是加仓机会 4 ...

作为展示我国外贸企业创新升级的"前沿窗口"，本届华交会持续优化参展企业与产品结构，汇聚了 一批国家级高新技术企业、专精特新"小巨人"企业及细分赛道龙头企业。市商务委数据显示，参展企业 中品牌企业占20%，拥有专利的企业占19.5%，应用新材料、新工艺的企业占8.6%，专精特新企业达59 家。 为激励企业创新突破，本届华交会延续"创新奖"评选机制，46家企业凭借技术含量高、市场能力 强、服务模式新等优势，斩获"华交会产品创新奖"，并将于开幕式上发布，获奖产品涵盖智能家居、文 创用品、3D打印、功能性服饰、宠物用品等多个领域。 此外，本届华交会将在东方枢纽国际商务合作区举办"东方枢纽聚能，数字贸链先行"主题研讨会， 聚焦以跨境电商数字贸易链路打通内外贸衔接堵点，推动区位优势与政策红利加速转化为内外贸一体化 发展的实体动能。 同时，本届华交会在W1家庭用品展区首次辟出宠物用品专区，汇聚51家展商的67个展位，集中展 示宠物家具、服饰、玩具、护理用品及出行装备等领域的创新产品，引领宠物消费从"功能满足"向"人 宠共享"升级。 华交会作为响应国内国际双循环战略的重要实践平台，内外贸一体化已成为其鲜明特色。在上届 为"内 ...

证券日报网讯2月24日，铂力特在互动平台回答投资者提问时表示，金属3D打印凭借其轻量化材料应 用、高精度复杂结构制造能力以及定制化生产特性，在3C领域展现出良好发展潜力。公司将持续推动 3D打印在3C行业的应用，为未来智能制造提供更多可能。 ...

Core Viewpoint - The company anticipates a net loss attributable to shareholders of between 200 million to 250 million yuan for 2025, with a non-recurring net profit loss of 220 million to 266 million yuan, primarily due to the ongoing downturn in the real estate market impacting overall demand in the home furnishing industry [1] Group 1: Company Performance - The company is facing significant pressure on its overall operating performance, with revenue declining year-on-year due to the persistent downturn in the real estate sector [1] - The company is implementing various strategies to counteract industry challenges, including deepening AI technology applications, optimizing channel structures, and innovating its business model [1] - Despite these efforts, the company continues to experience losses, with gross margin under pressure from rigid cost characteristics [1] Group 2: Strategic Partnerships - The company has formed a strategic alliance with TuoZhu Technology to integrate 3D printing technology into home furnishing, aiming to create a "3D printing maker space" for Chinese families [1][2] - This collaboration is seen as a benchmark case for the integration of home furnishing and technology, addressing industry pain points related to the slow adoption of 3D printing [2] - The partnership leverages the company's extensive network of over 2,000 stores and a service network reaching millions of households to enhance TuoZhu's market penetration among high-net-worth families [2] Group 3: Future Outlook - The company and TuoZhu Technology plan to expand the application of 3D printing in various family scenarios, including daily use, creative activities, and customized home furnishing, to meet personalized family needs [3] - They aim to jointly establish standards for personalized home manufacturing, integrating resources across the entire supply chain and enhancing AI, digital, and flexible production models [3]

本报讯 （记者李雯珊）近日，国内全屋定制创领品牌广州尚品宅配家居股份有限公司（以下简称"尚品 宅配"），与全球消费级3D打印龙头深圳拓竹科技有限公司（以下简称"拓竹科技"）达成战略合作。双 方以"为中国家庭打造3D打印创客空间"为核心，整合尚品宅配在场景、用户、数字化领域的标杆优势 与拓竹科技的技术创新实力，推动3D打印从专业圈层融入亿万家庭场景。 2月7日，尚品宅配集团旗下MCN机构孵化、全网超4000万粉丝的生活家居头部达人"设计师阿爽"与拓 竹科技联合开启主题直播活动，释放合作核心愿景，引发广泛关注。 作为定制家居行业科技革新的引领者，尚品宅配深耕行业二十余年，以AI设计、全流程服务构建核心 竞争力，其产业融合布局聚焦两大前沿方向，其中之一便是"3D打印"与个性化功能定制的融合——此 次与拓竹科技的战略合作，正是推动这一方向落地、惠及千万家庭的关键举措。 科技创新是尚品宅配与拓竹科技的共同核心基因与坚实根基。尚品宅配作为行业标杆，以AI设计工 厂、柔性生产体系为支撑，构建了覆盖"设计-生产-交付-服务"的全链条数字化能力，更积累了海量全屋 场景空间数据，形成独特场景优势；拓竹科技则以技术创新领跑全球消费 ...

格隆汇2月9日丨博云新材(002297.SZ)在互动平台表示，公司的稀有金属粉体材料暂时未直接用于3D打 印。 ...

格隆汇2月9日丨博云新材(002297.SZ)在互动平台表示，公司的稀有金属粉体材料暂时未直接用于3D打 印。 ...

Financial Data and Key Metrics Changes - Fourth quarter revenue reached a record $136.5 million, up 11% year-over-year in constant currencies, marking the first sequential revenue growth from Q3 to Q4 since 2017 [18] - Full-year revenue for 2025 was a record $533.1 million, up 5.7% in constant currencies [20] - Non-GAAP gross margin for the fourth quarter was 44.8%, an increase of 140 basis points year-over-year [19] - Non-GAAP earnings per share for the fourth quarter were $0.44, up $0.06 year-over-year [19] Business Line Data and Key Metrics Changes - CNC revenue in the U.S. grew 35% in the fourth quarter and 16.7% year-over-year for 2025, driven by strong demand in drones, satellites, and rockets [18][20] - Injection molding revenue declined 1.9% in 2025, impacted by weakness in medical device demand [20] - 3D printing revenue declined 4.7% year-over-year, although metal 3D printing showed strength with double-digit growth [21] Market Data and Key Metrics Changes - U.S. revenue grew 9.1% year-over-year, while European revenue declined 7% in constant currencies [20] - The company noted strong momentum in high-growth markets such as aerospace, defense, and data centers [5][6] Company Strategy and Development Direction - The company aims to serve customers across the entire life cycle of a part, from prototype through production, focusing on four strategic pillars: elevate customer experience, accelerate innovation, expand production, and drive operational efficiency [7][11] - The establishment of a global capability center in India is intended to enhance innovation and digital capabilities [13] - The company plans to implement new go-to-market strategies in Europe to stabilize margins and reset the cost base for growth [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering 2026 from a position of strength, expecting a year of transformation and growth [11][17] - The company anticipates full-year 2026 revenue growth of 6%-8% and aims for sustained double-digit revenue growth in the long term [24][17] Other Important Information - The company generated $74.5 million in cash from operations in 2025 and returned $43 million to shareholders through repurchases [23] - The company has no debt and had $142.4 million in cash and investments on its balance sheet as of December 31, 2025 [23] Q&A Session Summary Question: Insights on Q4 performance and sequential growth - Management noted that Q4 saw good order volumes, but January started with a more normalized, softer order rate [29][30] Question: Details on end markets and growth areas - Management confirmed strong growth in innovation-led markets such as aerospace and defense, positioning the company well for future opportunities [32] Question: Strategic initiatives and their timelines - Management indicated that the current year is focused on transformation, with results expected to accelerate in the coming years [34] Question: Unique developer performance and revenue per contact - Management acknowledged a focus on increasing revenue per contact, with a 23% increase in Q4 [41] Question: Injection molding business visibility and growth potential - Management highlighted the importance of ISO certification for expanding production capabilities in injection molding, currently in pilot with two medical device manufacturers [52] Question: India capability center's focus - The center in India aims to leverage technical talent to support global business and innovation initiatives [56]