Jiangsu Wellary Surpasses 100 Million Yuan in Q1 Revenue, Marking 125% YoY Growth Amid Surging Demand for Metal 3D Printing Powder

On April 17, 2025, Panda3dp.com reported that Chinese metal 3D printing powder manufacturer Jiangsu Wellary has achieved a remarkable milestone: its revenue in the first quarter of 2025 exceeded 100 million yuan. This accomplishment marks a noteworthy chapter in the development of China’s 3D printing industry, reflecting the accelerating expansion of metal 3D printing applications.

Reform drives progress; innovation empowers strength. As a nationally recognized model enterprise for scientific and technological reform, Wellary has taken proactive strides to identify points of breakthrough, drawing strength from reform and unlocking vitality through innovation. In the first quarter of 2025, the company’s revenue surpassed the 100 million yuan mark, representing a 125% year-on-year increase. Both output and profit nearly matched the figures achieved in the entire year of 2022, showcasing the company’s momentum in propelling the reform of state-owned technology enterprises into high gear.

Turning the blade inward to unleash reform momentum, the company has focused resolutely on its core mission. With the courage to navigate treacherous waters and break through institutional inertia, Wellary has tackled deep-seated structural reforms head-on. Its initiatives aim to enhance governance efficiency, optimize market-oriented operational mechanisms, and foster a vibrant innovation ecosystem. By promoting coordination from top to bottom and ensuring full staff engagement, the company has cultivated a reform environment built on shared responsibility, co-created value, and collective achievement. Through checklist-based management, milestone-driven advancement, and closed-loop implementation, reform measures penetrate to the grassroots and reach the most granular levels, ensuring that each initiative is solidly grounded and each breakthrough serves as a model for replication—ultimately delivering a high-quality response to the nation’s call for deepened SOE reform.

A dual "New Strategy" outlines a visionary blueprint for industrial advancement. With unwavering determination and forward-looking resolve, Wellary is accelerating the rollout of its “Dual New” strategy focused on strategic new materials and intelligent new equipment. In the field of advanced materials, the company is targeting trillion-yuan civilian markets such as healthcare, 3C electronics, and new energy vehicles, while pushing the boundaries in high-performance alloys like superalloys, titanium alloys, and cobalt-chromium alloys. This approach creates a full-cycle innovation loop encompassing application research, scenario-based demonstration, and industrial transformation. In the intelligent equipment domain, the company continues to advance gas atomization technology and promote iterative upgrades to its smart equipment offerings. It is also expediting the formal establishment of its Metal Powder Research Institute, building an integrated platform for strategic research, scientific coordination, and results transformation. By fostering synergy between materials and equipment innovation, Wellary ensures a self-reliant and secure supply and industrial chain.

A “Three-Dimensional Breakthrough” to crown reform success. With a focus on modernizing governance systems, innovating incentive mechanisms, and enhancing market efficiency, Wellary is comprehensively driving reform implementation. On the governance front, the company embraces a determined, nails-to-the-wall approach to transform organizational structures and establish an efficient, group-level management framework, thereby elevating both resource efficiency and managerial sophistication. In the realm of incentives, it has crafted an “11-level, 21-tier” compensation matrix, introduced a succession planning program, and implemented a trial-and-error tolerance system oriented around innovation value—empowering trailblazers to lead with courage and initiative. On the marketization front, Wellary is leveraging policy tools tailored for reform-oriented enterprises to establish competitive mechanisms aligned with market demands. As the concluding stage of national SOE reform intensifies, Wellary remains committed to a 100% success rate in reform implementation, innovation conversion, and business performance, positioning itself as a flagship model of SOE reform and a vanguard of independent innovation.