Guanghua Weiye completes two BJSE tutoring rounds as 3D printing hits 89.9% of CNY 712M revenue

Shenzhen-based Guanghua Weiye completed two Beijing Stock Exchange listing tutoring rounds with Shenwan Hongyuan as of July 10, 2026, after signing on December 1, 2025. It posted 2025 revenue of CNY 712 million (+31% YoY) while net profit fell 22% to CNY 18.9 million. 3D printing materials delivered CNY 640 million, or 89.9% of sales (84.0% in 2024), spanning FDM/FFF filament (PLA and petroleum-based polymers), engineering and medical-grade wire, and polymer powders. It previously ran 16 Dongxing Securities tutoring sessions before ending that mandate in May 2025 after STAR-BJSE-ChiNext board switches.

Guanghua Weiye is a polymer AM consumables supplier, not a machine OEM, so growth tracks filament and powder pull-through in desktop-to-industrial FDM/FFF channels, including export e-commerce. Rising sales with falling profit points to marketing, logistics, and returns costs more than demand collapse-typical where Chinese materials firms scale volume ahead of margin. Tutoring also flagged overseas third-party payments and Vietnam inventory controls-listing hygiene, not process gaps. Nearly nine-tenths of revenue is already AM materials; earnings durability, not top-line share, is what a BJSE float must prove.