On August 2, 2026, Bright Laser Technologies (BLT, 688333) won the bid for the "Laser 3D Printing Unit" procurement project from the Institute of Materials Research at the China Academy of Engineering Physics (CAEP), with a contract value of RMB 5.1 million. As a national strategic institution focused on nuclear weapons and materials research, CAEP's procurement is primarily aimed at building additive manufacturing capabilities for materials R&D. In Q1 2026, BLT reported revenue of RMB 326 million (up 43.57% year-over-year) and net profit attributable to shareholders of RMB 16.78 million (up 212.21% year-over-year), with a healthy order pipeline. The company currently holds a substantial backlog of orders and is operating smoothly. This win with CAEP further validates the recognition of domestically produced high-end SLM equipment at national-level research institutions. Procurement at the CAEP level carries strong demonstration effects—equipment selections by national laboratories often influence subsequent purchasing decisions by defense research institutes and universities. The increasing penetration of domestic SLM equipment among strategic national customers implies that demand for supporting domestic metal powders will grow in tandem. Value for powder purchasers: ① CAEP-level users impose extremely high standards on powder quality (oxygen content, sphericity, batch consistency), and the powder categories paired with their selected SLM equipment (high-quality titanium alloys, superalloys) represent a bellwether for industry demand. ② Validation by national laboratories confirms the reliability of the entire domestic equipment-plus-powder supply chain, which supports certification progress for domestic powder suppliers. ③ Attention should be paid to CAEP's future materials R&D directions for potential demand for specialty powders (refractory metals, high-entropy alloys, nuclear materials).