ScanTech Releases 2024 Annual Report: Revenue Reaches 333 Million CNY, Overseas Markets Contribute Over 40%

On May 4, 2025, Nanjixiong reported that publicly listed 3D scanning company ScanTech (688583.SH) recently released its 2024 annual financial results.

According to the report, ScanTech achieved total revenue of 333 million CNY in 2024, marking a year-on-year increase of 22.41%. Net profit attributable to shareholders reached 121 million CNY, a 5.49% increase, while adjusted net profit excluding non-recurring items rose 11.51% to 110 million CNY.

ScanTech is dedicated to developing high-precision, portable, and intelligent 3D visual digital systems that bridge the physical and digital worlds in the age of AI. Its core business involves the R\&D, production, and sales of 3D visual digitization products and systems, including solutions for both industrial-grade and professional-grade applications. In the industrial sector, ScanTech’s products are widely deployed across aerospace, automotive manufacturing, heavy machinery, and transportation. In professional domains, its technology is applied in education and research, 3D printing, cultural heritage, healthcare, law enforcement, and virtual environments.

Industrial Market Dominance and Explosive Overseas Growth

ScanTech’s primary revenue driver remains its industrial-grade 3D visual digitization solutions, which brought in 319 million CNY in 2024, accounting for 96.06% of core business revenue—up 23.97% year-on-year. Meanwhile, revenue from professional-grade solutions declined 6.36% to 13.11 million CNY, representing a 3.94% share. While industrial-grade offerings continued their growth trajectory, professional-grade products are undergoing an upgrade cycle with slight revenue fluctuations.

International revenue saw explosive growth, soaring 55.73% year-on-year to 143 million CNY and accounting for 42.9% of total revenue. By adopting a "domestic headquarters + global deployment" model, the company has established localized teams in Europe, North America, and Southeast Asia to promote its handheld and tracking 3D scanners in sectors such as automotive and aerospace.

Increased Investment in R\&D

As a technology-driven enterprise, ScanTech invested 59.06 million CNY in R\&D during 2024—an increase of 22.28%—representing 17.76% of total revenue. The company filed 102 new patents and software copyrights, with major breakthroughs in multi-line laser and multi-spectrum scanning technologies, reinforcing its technological edge in accuracy and anti-interference performance.

Scaling Up Production Capacity

To further optimize its industrial layout and enhance production capabilities and competitiveness, the company advanced two major initiatives during the reporting period: the “3D Visual Digital Product and Automated Inspection System Capacity Expansion Project” and the “R\&D Center Construction Project.”

Both capital investment projects center on ScanTech’s core business and aim to elevate its R\&D and manufacturing capabilities. These projects are also expected to improve its technical processes and proprietary technologies, supporting the phased implementation of its development roadmap and strengthening its overall competitiveness and profitability. The R\&D center project in particular focuses on innovation and technological capacity building. By constructing a modern research facility equipped with advanced instruments and laboratories, ScanTech has successfully attracted top-tier research talent and assembled a multidisciplinary team focused on cutting-edge 3D visual digitalization. This infrastructure provides strong support for breakthroughs in core areas such as algorithm optimization, hardware design, and system integration. Through sustained R\&D investment, the company has continuously launched innovative products with proprietary IP, further solidifying its leadership in the 3D digitization space.

Strategic Outlook for 2025

In 2025, ScanTech will continue to deepen its presence in the 3D visual digitization sector by advancing strategies in new technology, key accounts, globalization, and cost optimization.

* Under the new technology strategy, the company aims to enhance profitability through ongoing R\&D, product innovation, and market expansion into emerging applications—bolstering its long-term technical competitiveness.

* With its key account strategy, it will leverage new industry demands from upgrading markets to accelerate product innovation and foster a ripple effect across the supply chain.

* The internationalization strategy will focus on building a global brand by strengthening the overseas deployment model.

* The cost optimization strategy will capitalize on the advantages of China’s large-scale supply chain to redefine product innovation with high cost-effectiveness, improving profitability while delivering greater value to clients.

In terms of industry application, the company will continue to expand its footprint in industrial sectors, focusing on aerospace, automotive manufacturing, heavy equipment, transportation, 3C electronics, and green energy. By targeting top-tier clients in these industries and replicating successful application scenarios, ScanTech will further consolidate its leadership in industrial digitization. At the same time, it will explore opportunities in professional-grade sectors such as education and research, 3D printing, healthcare, cultural heritage preservation, and digital forensics, offering diversified and innovative 3D visual solutions.

The company also remains closely attuned to technological trends, actively exploring applications of 3D intelligent vision in emerging fields such as virtual worlds, gaming, 3D perception and interaction, digital twins, and AI. In 2025, ScanTech will partner with Lingban Technology to launch a novel integration of 3D vision and AR technology, delivering immersive interactive experiences for clients.

In industrial settings, the company is exploring the application of high-precision 3D perception technology to enhance robotic vision, localization, and path planning—driving the automation and digital transformation of industrial robotics. Building on its accumulated expertise in 3D vision, ScanTech is also extending these capabilities into perception and interaction scenarios, significantly improving robot performance in workpiece positioning, material tracking, and dynamic obstacle avoidance—thereby elevating productivity. Going forward, the company will continue to explore cutting-edge downstream applications, using innovation to reshape the industry and lead the diversified development of 3D visual technology.