On August 11, 2026, Farsoon Technologies (688433) released its 2026 interim report: H1 revenue reached RMB 341 million, up 42.27% year-on-year, with net profit attributable to shareholders of RMB 8.43 million, up 87.09% year-on-year. The company stated that demand in the additive manufacturing market continues to grow, with a notable increase in 3D printing equipment sales. R&D expenses amounted to RMB 69.4 million, accounting for 20.38% of revenue. Net profit growth (+87%) significantly outpaced revenue growth (+42%), signaling a preliminary confirmation of a profitability inflection point. The RMB 3.91 billion private placement plan (the largest single fundraising in China's AM industry), disclosed on August 7, has been accepted by the Shanghai Stock Exchange. The company has launched several large-format metal additive manufacturing systems, and accelerating equipment shipments indicates expanding downstream installed capacity. As a leading domestic LPBF equipment manufacturer, Farsoon's interim results serve as a bellwether for the industry. The acceleration in equipment sales validates growing investment in metal additive manufacturing across downstream manufacturing sectors. Implications for powder buyers: (1) Faster equipment shipments → larger installed base → directly amplified consumption of supporting metal powders, with particular focus on rising procurement demand for titanium alloys (TC4/Ti64) and superalloys (GH4169/IN718); (2) The RMB 3.91 billion placement will boost production capacity and further increase equipment market share, amplifying the multiplier effect on powder demand; (3) Monitor procurement demand shifts among Farsoon equipment users in aerospace, mold, and medical device sectors.