Title: 3D Printing in China Hits Inflection Point – Aerospace, Medical & IPO Pipeline Fuel New Growth Cycle
Author: Arvin
Date: February 4, 2026
The Chinese 3D printing (additive manufacturing) industry has kicked off 2026 with unmistakable momentum. Fueled by breakthrough earnings, strategic M&A, cross-sector adoption, and a robust IPO pipeline, the sector is transitioning from niche innovation to scalable commercialization—particularly in aerospace, consumer electronics, and medical applications.
For international investors focused on A- and H-share opportunities, this marks a pivotal moment to reassess exposure to China’s advanced manufacturing ecosystem. Below, we unpack the key drivers, leading players, and strategic implications based on recent disclosures and market developments.
Earnings Surge: Proof of Commercial Traction
Several listed companies have reported exceptional 2025 full-year results, validating 3D printing’s role as a profit engine—not just an R&D expense.
- 【铂力特–Xi’an Bright Laser Technologies–688333.SH–Industrial 3D Printing】
The undisputed leader delivered a stunning performance:- Revenue: RMB 1.863 billion (+40.5% YoY)
- Net profit: RMB 209 million (+100.96%)
- Adjusted net profit: RMB 149 million (+313.89%)
Growth was driven by civilian market expansion and aerospace mass production. Notably, Platinum successfully supported LandSpace’s Zhuque-3 reusable rocket in its first large-scale vertical takeoff and landing test—marking a shift from prototyping to batch manufacturing for commercial space firms like LandSpace, Orienspace, and iSpace.
- 【爱司凯–Amsky Technology–300521.SZ–3D Printing Equipment】
While overall revenue remained flat (~RMB 1.85–2.05 billion), its 3D printing equipment segment surged +55% YoY, offsetting declines in legacy CTP printing business. The company increased R&D and staffing costs by RMB 90 million, signaling aggressive investment in scaling. - 【统联精密–Tonglian Precision–688210.SH–Precision Components】
Added RMB 34 million in 3D printing R&D expenses to support lightweight structural parts for next-gen consumer electronics and automotive clients. - 【鸿日达–Hongrida–301285.SZ–Connectors & Components】
Expanded into optical communications and 3D printing, with related expenses rising “significantly” year-over-year. - 【爱迪特–Idea Dental–301580.SZ–Dental Materials & Devices】
Explicitly stated that 3D printing will be a new growth engine. Its EZprint-P1 dental printer—lauded for high-speed output—is now clinically validated across implantology and orthodontics, with commercial rollout accelerating.
Strategic Expansion: M&A, JVs & Cross-Industry Entry
Beyond organic growth, companies are reshaping the competitive landscape through capital-driven moves:
- 【华曙高科–Farsoon Technologies–688433.SH–Industrial 3D Printing】
Announced a RMB 100 million joint venture (40% stake) focused on 3C, automotive, and precision consumer parts—a clear push into high-volume civilian markets. - 【飞沃科技–Feiwo Tech–301232.SZ–Aerospace Fasteners】
Acquired 60% of Xinshan Aerospace, a specialist in liquid rocket engine components (nozzles, combustion chambers, valves). The target generated RMB 10.81 million in commercial space revenue in 2025—small but strategically vital. - 【哈森股份–Harson Co., Ltd.–603958.SH–Footwear Retail】
In a striking pivot, this traditional shoe brand has built a full-stack metal additive manufacturing platform, covering powder materials, 3D printers, and precision metal parts for consumer electronics. This exemplifies the “cross-industry convergence” trend sweeping Chinese manufacturing.
IPO Pipeline: The Next Wave of Public Exposure
A strong cohort of private 3D printing firms is advancing toward public listings—offering future liquidity and diversification for global investors:
- Hangzhou Eplus3D → Applying for SSE STAR Market (Sci-Tech Innovation Board)
- Shenzhen Creality 3D → Filed for HKEX listing (August 2025)
- Revenue: RMB 2.288 billion in 2024; RMB 708 million in Q1 2025
- Focus: Consumer-grade desktop 3D printers (global leader in volume)
- Shining 3D (Xianlin Tech) → Submitted application to Beijing Stock Exchange (BSE)
- Others in IPO counseling: Yuding AM, Polymaker (Suzhou Jufu), BMF (Chongqing MoFang)
This pipeline ensures the sector will remain in the spotlight—and provides multiple entry points across industrial, medical, and consumer segments.
Investment Implications for A/H Investors
China’s 3D printing sector is no longer speculative. It is now delivering:
✅ Profitability at scale (Platinum)
✅ Vertical integration (Harson, Feiwo)
✅ Cross-industry applicability (dental, aerospace, consumer electronics)
✅ Policy alignment with “new quality productive forces” and advanced manufacturing mandates
Top strategic picks for overseas investors:
- Core enablers: 【铂力特–688333.SH】, 【华曙高科–688433.SH】
- Application leaders: 【爱迪特–301580.SZ】 (medical), 【飞沃科技–301232.SZ】 (aerospace)
- Emerging integrators: 【哈森股份–603958.SH】 (watch for execution risk)
- Future IPOs: Monitor Creality 3D (HK) and Eplus3D (STAR Market)
Caution: Valuations in the sector can be volatile. Focus on companies with clear revenue visibility, customer concentration risk mitigation, and positive operating cash flow—not just headline growth.
Disclaimer: This blog is for informational purposes only and does not constitute financial advice or a recommendation to buy/sell securities. Always conduct independent due diligence before investing.
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Arvin
Global Equity Analyst | Covering China’s Advanced Manufacturing & Tech Innovation
Delivering actionable insights for international investors in A/H shares.