Wuxi Maoheng Additive Manufacturing Co., Ltd. completed its business registration on September 16, 2026, with a registered capital of 100 million RMB. The legal representative is Yang Hao, and the company is registered in Xishan District, Wuxi, Jiangsu. Listed company Jinyang Precision (301210.SZ) has subscribed 81.5 million RMB for an 81.5% stake, while Shenzhen Xihe Additive Technology Co., Ltd. has subscribed 18.5 million RMB for an 18.5% stake. The company's business scope covers additive manufacturing, 3D printing base material sales, and 3D printing services. Jinyang Precision primarily produces precision structural components for batteries. This partnership with Xihe Additive, a green laser copper printing equipment maker, marks another case of a traditional precision manufacturing company expanding upstream into metal 3D printing. Xihe Additive is a leading green laser copper 3D printing company within the Gongda Laser ecosystem, and its equipment has been applied in batch production for AI liquid cooling plates. The joint venture will help combine green laser copper printing capabilities with precision structural component mass manufacturing experience. Value for powder buyers: ① If the joint venture establishes printing services, it will drive demand for copper alloy and stainless steel powders. ② Jinyang Precision's customer resources (battery structural components, consumer electronics) may spur printing applications for copper-based heat dissipation parts; monitor their equipment adoption pace. ③ Green laser copper printing capacity continues to cluster in the Yangtze River Delta, and copper powder suppliers can engage early for certification.