Annual Report 2024 of GRINM Powder Materials Co., Ltd.: Revenue Reaches CNY 3.229 Billion, 3D Printing Powder Sales Surge 202% to 271 Tons

On May 19, 2025,Panda3dp.com observed that GRINM Powder Materials Co., Ltd. (hereinafter referred to as “GRINM Powder,” stock code: 688456) recently released its annual report for the year 2024. According to the report, GRINM Powder achieved an operating revenue of CNY 3.229 billion in 2024, marking a year-on-year increase of 20.44%. The net profit attributable to shareholders of the listed company reached CNY 59.38 million, up 7.73% year-on-year.

Rapid Growth in 3D Printing Powder Sales

The company’s primary product lines include copper-based metal powders, microelectronic tin-based solder powders, 3D printing powders, and electronic pastes. Among them, copper-based materials accounted for 26,446 tons in sales, tin-based materials 3,107 tons, and electronic pastes 412 tons.

Although 3D printing powders had the lowest shipment volume—271.17 tons—they exhibited the most robust growth, surging by 202.04% year-on-year. Production volume reached 293.63 tons, a year-on-year increase of 187.03%. The 3D printing powder business generated CNY 47.95 million in revenue, reflecting a 57.46% year-on-year increase.

It is reported that the additive manufacturing business of GRINM Powder is mainly undertaken by its subsidiary, GRINM Additive. Its core products include 3D printing powders and high-temperature specialty powders. The 3D printing powders mainly consist of aluminum alloy powder, high-temperature alloy powder, copper alloy powder, and stainless steel powder, while the high-temperature specialty powders include soft magnetic powders and MIM powders. In 2024, GRINM Additive sold approximately 800 tons of powders in total, including both 3D printing and high-performance specialty powders, with 271 tons specifically attributed to 3D printing, and the remaining 500-plus tons to high-temperature specialty powders.

These figures underscore the vigorous momentum of GRINM Powder’s 3D printing powder business, driven by strong market demand. From a product structure perspective, the gross profit margin for 3D printing powders reached 28.33%, significantly surpassing the company’s overall gross margin of 7.43%, highlighting the sector’s superior profitability and high technological value.

During the reporting period, the company intensified its efforts in scientific research, securing four new national-level projects and two provincial and ministerial-level science and technology programs. The company also enriched its portfolio of innovation outcomes, winning a second-class award in the China Nonferrous Metals Industry Science and Technology Awards, submitting 29 new patent applications (including 27 domestic invention patents and two utility models), obtaining 12 new authorized patents (all domestic invention patents), and initiating or contributing to the drafting of four national standards and three industry standards.

In the realm of 3D printing, the company has focused on several key research initiatives, including:

* The construction of a production line and demonstration applications for low- and medium-temperature copper nanopowders for 3D printing,

* Research on additive manufacturing of structurally-functional integrated components,

* Development and application of highly spherical aluminum alloy powder preparation technologies for additive manufacturing.

Strategic Outlook for 2025

In 2025, GRINM Powder will prioritize bolstering development confidence and focusing on value creation, with continued efforts in stabilizing production and revenue, technological innovation, and management enhancement to improve the overall quality of the listed company. Key strategic measures include:

1. Market Expansion and Brand Building:

   By pursuing both stability in existing segments and growth in emerging ones, the company will lead strategically in the copper-based and microelectronic interconnect powder sectors, aiming to expand scale, enhance market share, and strengthen its industry presence, especially through domestic market coordination and overseas market expansion. The microelectronic interconnect paste segment will see increased investment, with expanded production capacity for existing products and iterative upgrades for new offerings to enable batch sales. In the 3D printing sector, the company will seize the growth window by expanding capacity and integrating resources to promote an industrialized ecosystem.

2. Increased Investment in Technological Innovation:

   Leveraging the “Future Industry of Nanometallic Powder Materials” and “Original Technology CYD Project on Metallic Nanopowders,” the company will accelerate the iteration and industrialization of new products, optimize its product portfolio, explore new applications, and expand into emerging markets. Concurrently, it will intensify efforts to benchmark product performance and transform R\&D achievements into commercial value.

3. Management System Enhancement:

   GRINM Powder aims to further improve its governance, institutional, and operational frameworks to strengthen functional alignment. This will free up capacity for its subsidiaries to focus more intensively on industrial development, thereby enhancing the overall efficiency and effectiveness of company operations.