Farsoon Technologies Reports H1 2025 Revenue of CNY 239 Million, Up 5.43%

On September 5, 2025, Panda3dp.com learned that Hunan Farsoon High-Tech Co., Ltd. (stock code: 688433), a leading player in industrial additive manufacturing, released its 2025 half-year financial report.

Performance: Revenue Growth Supported, Profitability Under Pressure

The company reported revenue of CNY 239 million in the first half of 2025, up 5.43% year-on-year, underscoring resilient business expansion in the 3D printing equipment market. However, due to increased share-based payments and higher depreciation from new facilities, net profit attributable to shareholders fell sharply to CNY 4.51 million, down 86.30%.

Gross margin stood at 43.23% (down 5.62 percentage points YoY), while net margin dropped to 1.88% (down 87%), highlighting pressure on profitability.

Growth was driven primarily by increased sales of both metal and polymer 3D printing systems, though profitability was significantly eroded by rising costs.

R&D: Heavy Investment, Multi-Domain Breakthroughs

Farsoon remains one of the very few global firms with full-stack capabilities across equipment, materials, and software. The company invested CNY 58.33 million in R&D in H1 2025, up 42.38% YoY, bringing R&D expenditure to 24.37% of revenue (+6.32 percentage points YoY). This was mainly due to expanding R&D headcount and rising compensation.

Achievements include:

· IP Portfolio: 6 new invention patents, 13 utility patents, 9 design patents, and 7 software copyrights. As of June 2025, the company holds 181 invention patents, 198 utility patents, 70 design patents, and 55 software copyrights.

· Standards: Led or participated in drafting 1 national and 3 industry standards in H1, totaling 16 national and 9 industry standards overall—enhancing its influence in AM standardization.

· Core Technologies:

o Beam Shaping Technology—realized seamless switching between Gaussian and ring-shaped beams, now applied across titanium alloys, aluminum alloys, stainless steels, and tool steels. Already integrated into multiple commercial systems.

o Large-Format Metal Equipment FS1521U—upgraded to a build size of 1510 × 1510 × 1650 mm with up to 32 lasers, enabling efficient production of oversized components.

o Flight Technology Polymer Systems—introduced the industry’s first 600 mm-class machine using fiber lasers instead of CO₂, significantly boosting SLS productivity with full automation and enhanced environmental safety.

The company is advancing 21 R&D projects with total investment exceeding CNY 261 million, spanning automated metal AM systems, large-format high-quality systems, software, materials, and process optimization. R&D staff reached 257 (34.31% of total employees), including 8 PhDs and 71 Masters, with a youthful structure (53.7% aged 30–40).

Business: Multi-Sector Applications, Global Footprint

Farsoon leveraged its integrated “equipment–software–materials–process–application” ecosystem to expand across aerospace, automotive, consumer goods, healthcare, and frontier research.

· Aerospace: Partnered with CAS Hefei Institute to solve non-equilibrium solidification in high-Mn austenitic steels using FS273M; deployed FS1521M and FS1211M for ultra-large aerospace parts.

· Automotive: Collaborated with Volkswagen (China) on FS273M for part validation, tooling, and fixtures; partnered with antique motorcycle part makers for precise replication; entered strategic cooperation with Japan’s Solize Partners and Japan 3D Printer to expand in the automotive sector.

· Consumer Goods: Enabled rapid prototyping for small appliances using high-temperature nylon with ±0.1 mm precision; applied solutions in sports footwear for efficient mold development.

· Scientific Research: Worked with Tsinghua University and Nanjing University of Science and Technology on custom alloy printing and high-performance polymer research.

· Globalization: Subsidiaries in Austin (US) and Stuttgart (Germany); sales across 30+ countries. Installed base: ~1,300 systems worldwide, including over 700 metal systems and 300+ large-format (≥400 mm) units.

As a designated national-level “Little Giant” enterprise, Farsoon continues to cement its leadership in industrial AM. Despite near-term profit pressures, sustained R&D investment, expanding downstream applications, and accelerated globalization position the company for long-term growth and industry influence.