Core Insights - The 3D printing industry has evolved significantly over the past decade, transitioning from a niche hobbyist market to a more production-oriented sector, with a focus on speed and efficiency [1][2][3] - The company ChaoKuo has positioned itself as a leader in high-speed 3D printing, successfully developing machines that drastically reduce printing times and enhance productivity [3][4][5] Industry Evolution - Ten years ago, 3D printers were primarily seen as novelty items with limited capabilities, dominated by Western manufacturers until Chinese companies entered the market post-patent expiration around 2008 [1] - The industry faced a "green train" phase where products were slow and inefficient, limiting their use in actual production environments [1][2] - By 2025, the global consumer 3D printer shipment volume is expected to exceed 1 million units, marking a 22% year-on-year growth, while professional-grade printer shipments are declining [3][4] Company Strategy - ChaoKuo initially relied on low-cost kits but pivoted to focus on high-speed printing technology, which faced internal skepticism but ultimately proved successful [2][3] - The introduction of the SR series in 2020 marked a significant milestone, achieving speeds of 150 mm/s, followed by the V400 model reaching 600 mm/s in 2022, and the latest model, Xunyingguang S1 Pro, achieving 1200 mm/s in 2024 [2][3][4] - ChaoKuo's strategic emphasis on speed has allowed it to differentiate itself from competitors and establish a strong market presence [5] Market Demand - The demand for 3D printers has shifted from hobbyists to practical applications, with over 80% of devices now used as production tools [4] - The efficiency improvements have led to new business models, such as small-scale farms producing various items, significantly reducing production costs and time [4][5] - The cost of materials has decreased, further enhancing the economic viability of 3D printing for various applications [4]