BLT Employees Exceed 2,000, Revenue for the First Half of 2024 Reaches 591 Million CNY, with a 398% Increase in Net Profit

PanDen 2024-9-4 23:19 Business

On August 29, 2024, Panda3dp.com reported that BLT(铂力特) had released its semi-annual financial report:- Revenue for the first half of 2024 amounted to approximately 591 million CNY, a year-on-year ...

On August 29, 2024, Panda3dp.com reported that BLT(铂力特) had released its semi-annual financial report:

- Revenue for the first half of 2024 amounted to approximately 591 million CNY, a year-on-year increase of 34.68%. This growth is primarily due to the expansion of the company's production scale and its continuous efforts to explore new markets and applications, resulting in increased revenue from both customized 3D printing products and self-developed 3D printing equipment.

- Net profit attributable to shareholders of the listed company reached 88.19 million CNY, a significant year-on-year increase of 398.07%, largely driven by substantial revenue growth and a reduction in share-based payment expenses during the reporting period.

- Basic earnings per share were 0.32 CNY, reflecting a year-on-year increase of 190.91%.

△As of September 1, 2024, BLT’s stock price (688333) stood at 46.39 CNY per share, with a market capitalization of 12.6 billion CNY.

According to the National Bureau of Statistics’ "Classification of National Economic Industries" (GB/T4754-2017), BLT falls under the manufacturing sector (C), with a subcategory in general equipment manufacturing (C34)—specifically, additive manufacturing equipment manufacturing (C3493) within the other general equipment manufacturing industry (C349).

BLT is a national high-tech enterprise specializing in industrial-grade metal additive manufacturing (3D printing), offering comprehensive metal additive manufacturing solutions to its clients. Its business encompasses the research and production of metal 3D printing equipment, the manufacture of customized metal 3D printing products, the development and production of metal 3D printing materials, and the provision of structural optimization design and process technology services, including the development of customized engineering software for metal 3D printing. BLT has established a relatively complete industrial chain for metal 3D printing and holds a leading position both domestically and internationally in the field of metal additive manufacturing.

△Revenue classification information

Panda3dp.com found that out of BLT’s 591 million CNY in revenue:

- Customized 3D printing products and technical services accounted for 317 million CNY;

- 3D printing equipment, accessories, and technical services contributed 226 million CNY;

- 3D printing raw materials brought in 46.76 million CNY.

In terms of product types, metal 3D printing services constituted approximately 53% of total revenue, while equipment sales made up roughly 38%. When categorized by industry, the aerospace sector contributed nearly 400 million CNY, accounting for about 67% of revenue, while the industrial sector generated 171 million CNY, representing 29%.

As of June 30, 2024, the company employed 2,089 people, had accumulated over 2,000 lasers, and possessed approximately 130 units of related analysis and testing equipment. BLT is the largest metal additive manufacturing industrial base in China. It is one of the earliest participants in additive manufacturing research and development, boasting independent research institutions and technical teams with strong innovation capabilities. BLT is a national high-tech enterprise with capabilities in the independent research, development, and industrial application of additive manufacturing equipment, materials, customized products, and technologies. The company has a national-level enterprise technology center, a national-local joint engineering research center for metal additive manufacturing, and has applied for 616 patents, with 343 patents granted, including 98 for inventions, 196 for utility models, and 49 for design patents. BLT has also established multiple research platforms, including a national enterprise technology center, a national-level metal additive manufacturing engineering research center, a Shaanxi provincial enterprise technology center, and a postdoctoral innovation base. The company has undertaken several major national projects, including the "National Key R&D Program," and achieved numerous scientific and technological accomplishments in the research and promotion of metal additive manufacturing technologies. Furthermore, BLT is recognized as a pilot demonstration enterprise for the "Industrial Internet + Big Data" initiative by the Ministry of Industry and Information Technology, a national-level green factory, a national intellectual property advantage enterprise, a Shaanxi provincial demonstration enterprise for industrialization and informatization integration, a pilot demonstration enterprise for intelligent manufacturing, a model enterprise for technological innovation, and a service-oriented manufacturing demonstration enterprise.

Panda3dp.com also noted that BLT has successfully completed the construction of 10 production lines for high-quality metal powders specifically designed for additive manufacturing. The equipment is now operating normally, and BLT has successfully developed a range of high-quality spherical titanium alloy and high-temperature alloy powder materials, including TA1, TA1ELI, TA15, TC4, TC4ELI, TA18, TC11, TC18, TC21, Ti65, γ-TiAl, GH5188, GH3536, GH3230, GH4169, and GH4099.

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