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]