铂力特 plans 1.51B yuan procurement framework with investee 正时精控, signaling import substitution in AM supply chain

铂力特 announced a procurement framework agreement with its investee 正时精控, planning up to 1.51 billion yuan in purchases of scanning galvanometer components over the next year. This represents a 255% increase from the 425.6 million yuan procured in 2025. The framework covers devices, materials, finished products, and related services for metal LPBF systems, where galvanometers control laser beam positioning and directly impact build accuracy and throughput.

The ramp signals that 正时精控 has moved from a qualification candidate to a strategic core supplier, directly addressing the import dependency risk 铂力特 disclosed in its IPO prospectus. With aerospace customers contributing 47% of revenue, securing a domestic dual-source supply chain for galvanometers-previously dominated by Germany's Scanlab-reduces geopolitical exposure and may improve equipment gross margins. The practical test now is execution: framework conversion rates, 正时精控's production ramp, and long-term field reliability of the domestically sourced optics.