BLT's Revenue Surpasses 615 Million CNY in H1 2024, Growing Over 40%, with Net Profit Nearing 100 Million CNY

On July 17, 2024, panda3dp.com reported that BLT(铂力特) recently released its performance forecast for the first half of 2024. According to the announcement, preliminary financial estimates indicate that the company is expected to achieve a revenue of 615 million CNY in the first half of 2024, an increase of 176 million CNY compared to the same period last year, representing a year-on-year growth of 40.16%. Additionally, the net profit attributable to shareholders of the listed company is anticipated to reach 95 million CNY, an increase of 77.29 million CNY from the same period last year, marking a significant year-on-year growth of 436%.

The company also expects its net profit attributable to shareholders, excluding non-recurring gains and losses, to be approximately 62 million CNY, an increase of 61.31 million CNY compared to the same period last year, reflecting a year-on-year growth of 8,885%.

Regarding the growth in performance during the first half of the year, the company stated that the primary factors were the stable increase in revenue from its core business and the reduction in share-based payment expenses. During the reporting period, the company continued to deeply cultivate the aerospace sector while actively expanding into new markets and application fields. Furthermore, the impact of structural deposit income from the directed stock issuance contributed to non-recurring gains and losses.

As a leading enterprise in the metal 3D printing industry, BLT(铂力特)'s rapid growth also signifies the upward momentum of the 3D printing sector.

Recent Developments at BLT(铂力特)

1. Apple Watch to Feature 3D-Printed Components Manufactured by BLT(铂力特)

In June of this year, renowned analyst Ming-Chi Kuo noted that Apple Watch would begin incorporating components produced through 3D printing technology in the second half of this year. Although mass production was not achieved last year, over a year of intensive testing has led to significant improvements in the production efficiency of 3D-printed components. The supplier of these 3D-printed components is BLT(铂力特). Unlike last year when BLT(铂力特) was a device supplier, this year they are a component manufacturer. Given the cost advantages of 3D printing, Ming-Chi Kuo expects BLT's shipments of 3D-printed components will continue to grow in the coming years, with the potential to include Apple Watch casings.

Once BLT begins supplying to Apple, revenue is expected to see further growth.

2. BLT Introduces Green Laser Metal 3D Printing Technology

Copper and its alloys are widely used in industries due to their high electrical and thermal conductivity. SLM technology better meets the demands of various sectors for complex structural components. However, the high reflectivity and thermal conductivity of copper materials often result in low density and low electrical conductivity in 3D printed parts. To provide customers with superior solutions, BLT engineers have continuously innovated and developed the new green laser technology.

At room temperature, copper materials absorb less than 5% of laser energy at a 1064nm wavelength, while absorption at a 532nm green wavelength can reach up to 40%, which is approximately eight times that of near-infrared lasers. However, most industrial applications currently use 1064nm near-infrared lasers, leading to issues like low efficiency, bubbles, and splattering during copper metal printing. Furthermore, the energy from the reflected infrared laser beams can significantly damage the core optical components of the equipment. The high thermal conductivity of copper also causes the melt heat to quickly transfer to the surrounding powder, making it difficult to form smooth and regular melt tracks. As printing progresses, the already solidified layers may undergo remelting, exacerbating instability.

3. BLT Supports Jiuzhou Yunjian(九州云箭)'s Successful Test Flight and Recovery of the Longyun Liquid Oxygen Methane Engine

On June 23, 2024, Jiuzhou Yunjian(九州云箭) successfully completed a 10km-level flight and recovery test of the Longyun liquid oxygen methane engine at the Jiuquan Dongfeng Launch Site. This marked the first flight mission assessment for the Longyun engine, with all parameters functioning normally throughout the flight. The engine successfully completed tasks such as ignition and shutdown, thrust adjustment, and gimbal movement.

The Jiuzhou Yunjian(九州云箭) Longyun liquid oxygen-methane engine successfully completed a 10-kilometer-class flight recovery test.

BLT provided comprehensive metal additive manufacturing support for various components, including the thrust chamber and turbine pump parts, for this flight mission.

The thrust chamber's top cover is one of the key components of the liquid oxygen methane engine, responsible for transmitting thrust and housing propellants. Traditionally, this part was manufactured using segmented welding, which posed production challenges and increased the risk of cracking under high temperatures and pressure. The BLT product team selected high-temperature alloy GH4169 as the material and used the BLT-S450 equipment to achieve integrated formation of the thrust chamber top cover in just seven days. This process ensured product quality while enabling rapid manufacturing, helping the customer accelerate technical iterations and improve development efficiency.

The methane pump casing blank, developed with the assistance of BLT

4. Comprehensive Upgrade of BLT 3D Printers

At this year's TCT Asia Exhibition, BLT showcased a comprehensive upgrade of its 3D printers, including automation, powder recycling systems, and an integrated software ecosystem such as the BLT-MES system. These enhancements aim to improve printing efficiency, quality, and reduce costs, ultimately facilitating mass production.

Jia Xin, a director and deputy general manager of BLT, stated in an interview with panda3dp.com: "As 3D printing technology becomes more widespread, costs are gradually decreasing. Technologies that were once exclusively used in the aerospace field are now widely applied in civilian industries such as mold making, bicycles, and consumer electronics (3C). These industries are more cost-sensitive and require high-efficiency and high-stability solutions."

"In the mold, bicycle, and consumer electronics sectors, the application of 3D printing technology is expanding rapidly, with potential demand surpassing that of aerospace. Therefore, efficiency and stability have become key factors."