HGTECH(000988) 证券日报·2025-05-21 10:43Core Viewpoint - The focus of the recent investor relations activity by Huagong Technology is on the application of 3D printing technology, particularly in the context of a joint venture aimed at enhancing SLM (Selective Laser Melting) manufacturing technology [2][4]. Group 1: Company Developments - Huagong Technology announced the establishment of a joint venture, Suzhou Lihua Technology Co., Ltd., with a capital contribution of 140 million yuan, where Huagong Laser holds a 70% stake [4]. - The company has a long history in 3D printing technology, originating from Huazhong University of Science and Technology, with significant advancements made since the 1990s [3][4]. - The joint venture aims to leverage SLM technology to drive innovation and meet the growing demand for customized products across various industries [5]. Group 2: Market Opportunities - The global 3D printing market is projected to exceed $21.9 billion in 2024 and may reach a trillion-dollar scale by 2030, with China's market expected to surpass 63 billion yuan by 2025, reflecting a 30-fold growth over the past decade [8][9]. - The consumer electronics sector is identified as a primary application market for 3D printing, with a focus on providing cost-effective solutions [6][7]. - The advantages of 3D printing, such as higher material utilization rates and environmental benefits, position it as a promising alternative to traditional manufacturing methods [7][8]. Group 3: Technological Advancements - Huagong Technology is committed to expanding its core competencies by diversifying into various industries, including 3C electronics, automotive electronics, and medical applications [9]. - The company is also focused on deepening its research in material processes, particularly with titanium, aluminum, and magnesium alloys, to innovate and reduce costs [9].