On May 25, Farsoon Technologies (688433) saw its share price reach 110 yuan intraday, with a market cap approaching 45 billion yuan and a one-year increase of about 144%, ranking first globally among listed 3D printing companies by market value. Meanwhile, dental 3D printing leader HeyGears announced completion of over 300 million yuan in Series C financing, co-led by Junlian Capital and Da Chen. Currently, IPO-bound companies include Guanghua Weiye, Jufu Technology, Sanlu Technology, Creality 3D, and Shining 3D. The 22 listed related firms posted total revenues exceeding 52.3 billion yuan last year. The industry is entering a systemic growth cycle, with upstream raw materials (e.g., Youyan Powder's aerospace-grade titanium alloy powder), midstream equipment (e.g., BLT, Farsoon Technologies), and consumer-grade 3D printing (e.g., Bambu Lab, Creality 3D) all showing multi-point progress.