In the first quarter of 2026, the domestic 3D printing industry recorded 22 financing events involving 21 companies, with an estimated total amount of approximately RMB 1.2 billion. Metal 3D printing emerged as the dominant theme, with 14 financing rounds directly related to the sector, covering equipment, materials, services, and core components. Beifeng Intelligent completed a B+ round of several hundred million yuan, while Zhongke Yuchen received a C-round investment from CNPC Kunlun Capital. Guangweilai secured two consecutive A-round financings, focusing on metal printing services. On the materials side, Zhongti Xincai and Kaihe Technology also closed financing rounds. CNPC Kunlun Capital's investment in Zhongke Yuchen marks the entry of state-owned enterprise industrial capital. Farsoon Technologies, in partnership with Chunchao Technology, invested in Huiyida, indicating that listed companies are beginning to build ecosystems. Early-stage projects accounted for nearly 68%, reflecting growing long-term confidence in the sector. Q1 financing data shows widening gaps among leading metal 3D printing companies, which may accelerate M&A trends, while materials companies are becoming the next hot spot due to rising consumables demand.