AMPulse Asia · Fortnight 10: BLT reports 40% revenue growth for 2025 amid 52% export surge

The consumer-desktop sector has crossed into industrial-scale infrastructure, as Creality’s Hong Kong IPO filing, Elegoo’s $70M software-defensive round, and a 15,000-unit FDM factory order from Bambu Lab collectively signal a new capital intensity and production capability frontier for polymer extrusion. This transition mirrors the aggregation pattern seen in other hardware-software ecosystems, where platform economics and scale investment create switching costs that pure-play hardware OEMs cannot easily match. For capital formation, the implication is that investors must now evaluate desktop MEX companies not on unit sales alone, but on their ability to fund software moats and multi-thousand-unit factory deployments.

BLT reports 40% revenue growth for 2025 amid 52% export surge

Confirms §2.8-blt rebound with $2.56B equivalent revenue and 5,200+ lasers deployed, despite ongoing CSRC governance risks.

Xi'an Bright Laser Technologies (BLT) reported full-year 2025 revenue of 18.52 billion yuan, a 39.69% increase over the previous year. The results included a 52% surge in export revenue and the deployment of more than 5,200 lasers across its total installed base. This performance coincides with the company’s expansion from its aerospace core into high-volume consumer electronics and automotive applications.

The revenue growth followed several hardware deployments in the consumer electronics sector. In April 2026, BLT developed a titanium 3D-printed hinge for the OPPO Find N6 foldable smartphone and provided body parts for BYD’s Yangwang U9 performance vehicle. These applications utilize the company's large-format Laser Powder Bed Fusion (LPBF) systems, which are increasingly positioned for batch production in civilian sectors.

To support this industrial scaling, BLT began construction on a 1 billion yuan metal powder production facility in Shaanxi earlier in 2026. The company’s model integrates materials production with hardware and custom printing services. In the same fortnight, BLT and Siemens signed a strategic cooperation agreement at TCT Asia 2026 to develop digital additive manufacturing factories.

The company continues to manage an unresolved investigation by the China Securities Regulatory Commission (CSRC) regarding alleged information-disclosure violations. The investigation notice, first received on December 31, 2025, remains active even as the company reports its 2025 operational growth. This governance risk persists alongside the company's recent breakthroughs in eVTOL motor stator brackets and medical implants.

Bambu Lab secures 22.3 million yuan order for 15,000-printer factory buildout

Demonstrates the shift of consumer-grade MEX hardware into large-scale industrial 'print farm' infrastructure.

Bambu Lab has secured a 22.3 million yuan order from HuiNa Technology to supply 15,000 FDM printers for a new production facility. This buildout will establish what is reported to be China's first ultra-large 3D printing factory, utilizing the company’s high-speed desktop hardware for industrial-scale batch manufacturing.

The order confirms a transition in deployment logic for consumer-grade MEX equipment, where fleets of smaller, high-speed machines are increasingly consolidated into centralized print farms. This infrastructure-led strategy contrasts with traditional industrial AM, which historically relied on fewer, high-cost units to achieve similar capacity. Recent industry filings from regional competitors, including BLT and Farsoon, suggest this movement toward higher-volume, multi-unit installations is occurring across broader segments of the Chinese manufacturing sector.

The acquisition reflects growing demand for accessible, high-throughput additive manufacturing in production environments. By replacing single-asset capital expenditure with distributed fleets, manufacturers can adjust capacity more modularly. This shift relies on the low per-unit cost and high reliability of current-generation desktop platforms to maintain acceptable uptime across massive, synchronized printer grids.

Notable Developments

• Graphy — Launched Tera Harz Wide Cure and SMA Portal at AAO 2026, targeting the North American market with 3.7x throughput improvements in direct 3D-printed shape memory aligners.
• Ak Medical — Reported 2025 revenue of RMB 1.482B with a 23.8% profit increase, driven by 3D-printed orthopedic implants and expanded NHSA digital orthopedics pricing support in China.
• VF Space — Successfully flight-tested a metal 3D-printed rocket engine using Wire Laser AM (WLAM) on South Korea's Nuri 5th launch, validating large-scale DED for space applications.
• TnR Biofab — Secured a US patent for its 3D-printed cranial implant (TnR CFI) and reported 17,000 successful domestic clinical cases as it advances FDA 510(k) clearance.
• Gongda Laser — Raised several hundred million yuan in Series C funding to scale green-laser copper AM, targeting 1,000 systems by 2029 for AI thermal and aerospace cooling.
• UnionTech — The polymer VPP incumbent launched the MUEES430 PRO industrial SLM system at RAPID+TCT, marking a formal entry into the North American metal AM market.
• Rokit Healthcare — Initiated a 13-hospital, 100-patient multi-center clinical trial for its AI-powered in-situ cartilage regeneration bioprinting platform.
• South Korean Ministry of Health — Officially recognized 3D-printed titanium mesh guided bone regeneration as a 'New Medical Technology,' opening a regulated pathway for patient-specific metal implants.

By Country

🇰🇷 Korea

• AM Solutions — AM Solutions launched the S1 Basic automated post-processing system for polymer 3D-printed parts, targeting small-to-medium batch users.
• Graphy — Graphy launched the bilingual 'Graphy SMA Times' newsletter to engage global dental professionals with clinical evidence for its Shape Memory Aligner.
• Daejeon Technopark — Daejeon Technopark launches a joint 3D printing manufacturing center for defense and space components, supporting ~20 prototype projects with metal and polymer AM.
• Daejeon Technopark — Daejeon Technopark, the South Korean Army, KITECH, and Chungnam National University signed an MOU to standardize military 3D printing.
• 옥톤 — Oqton partnered with the Korea 3D Printing Association and InnoSpace to drive AI-based AM adoption in Korean aerospace and manufacturing.
• 3D융합산업협회 — 3D Convergence Industry Association, Innospace, and Oqton sign MOU to advance AM for space launch vehicles in South Korea.

🇨🇳 China

• 杭州德硕智能 — Hangzhou Deshuo Intelligent completed A-round financing, partnered with Siemens, and launched ceramic and metal 3D printers.
• Shenzhen Guangyi Precision — Shenzhen Guangyi Precision, a metal SLM startup founded in November 2025, raised angel funding from Qichuang and Leaguer VC.
• Makera — Chinese desktop CNC maker Makera closed a hundreds of millions RMB Series A round to scale hybrid manufacturing tools for small workshops.
• Shenzhen Creality 3D Technology Co., Ltd. — Creality 3D passed its HKEX hearing for a May 2026 IPO, aiming to be the first consumer 3D printing stock in Hong Kong.
• 造物时代 — Makera raised hundreds of millions RMB in Series A to scale its desktop CNC platform, following a record $10.25M Kickstarter for the Z1.
• 光翼精密 — Shenzhen startup Guangyi Precision raised an angel round from Qirong VC and Leaguer Capital for LPBF metal 3D printer development.
• Makera — Makera raised hundreds of millions of yuan in Series A for its Z1 desktop CNC machine, following a record $10.25M Kickstarter.
• Farsoon Technologies Co., Ltd. — Farsoon Technologies plans a 39.1 billion yuan private placement to build an AM service platform, expand LPBF/SLS production capacity, and establish global operations centers, targeting serial-product

🇯🇵 Japan

• BabyBand — Berry's 3D-printed BabyBand cranial orthosis won the Medtec Innovation Award and is now available in over 260 hospitals across Japan.
• funovo — Funovo launched Shapey, a 3D-printed architectural model service in Hakodate, Japan, starting at ¥35,000 with one-week delivery.
• DMG MORI — DMG Mori launched the LASERTEC 65 DED hybrid 2 with 170% larger build volume and 35% faster deposition.
• CasteM — CasteM opens permanent retail shop at JR Fukuyama Station offering self-service full-color 3D-printed figurines using Stratasys J850, priced from ¥22,000 to ¥165,000.
• Swarmer — Swarmer partners with Rakuten to enter Japan's drone autonomy market, leveraging Ukraine combat experience and Rakuten's distribution network.

Other East Asia

• Peopoly — Peopoly launched the Giga 800, a $15,000 large-format FGF printer with an 800mm build volume, targeting engineering teams and print farms.
• REVOPOINT INTERNATIONAL LIMITED — Revopoint launched the POP 4 3D scanner on Kickstarter at $579 with hybrid structured light and blue laser modes.
• DDK Group — Carbon named DDK Group as its first Asian Tier 1 manufacturer for DLS-printed bicycle saddles, consolidating production in Taiwan.

Southeast Asia

• Castomize (SG) — Singapore startup Castomize's heat-molded 3D-printed orthopedic cast achieved 25% cost savings in hospital trials, with FDA and CE filings underway.
• Woh Hup Group (SG) — Woh Hup Group, NUS, and NAMIC complete field trials of 3D concrete printing in Singapore, but lack of public structural and cost data keeps the technology in the demonstration phase.

Compiled from 37 sources · fortnight covers 2026-05-01 – 2026-05-15.

AMPulse · Asia Biweekly Digest · ampulse.online