On October 28, 2026, Nanjixiong learned that Bright Laser Technologies (BLT, 688333) had released its third-quarter report. Revenue for the first three quarters was RMB 1.260 billion, up 8.54% year over year. Net profit attributable to shareholders was RMB 107 million, down 30.99%; net profit excluding non-recurring items was RMB 64.09 million, down 41.33%.
In the third quarter alone, revenue was RMB 490 million, down 0.79%, and attributable net profit was RMB 56.34 million, down 29.07%. Total assets at the end of the reporting period were RMB 9.346 billion, up 7.82% from the beginning of the year.
The report attributed the profit decline to four factors: continued increases in R&D spending, with first-three-quarter R&D expenses of RMB 214 million, up 17.11% and equal to 17.02% of revenue; larger foreign-exchange losses as international operations expanded; increased bad-debt losses on accounts receivable due to downstream customer settlement patterns; and higher interest expense as borrowings increased to fund industrial development.
Nanjixiong's observations
Revenue growth alongside pressure on profit suggests leading metal 3D printing companies are in a period of investment in R&D and capacity. As competition intensifies and short-term profits fluctuate, the key question is whether these investments will translate into future orders.
Source: Eastmoney Choice
AI-translated from an article by Kuaixiong on Nanjixiong, originally published on 2026-10-28. Text and images retain the original source attribution.
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