标题: AVIMETAL Completes Shareholding Reform as Materials and Equipment Drive Growth and IPO Expectations Rise [打印本页] 作者: admin 时间: 2026-10-27 15:35 标题: AVIMETAL Completes Shareholding Reform as Materials and Equipment Drive Growth and IPO Expectations Rise Nanjixiong learned that on October 26, 2026, AVIMETAL Additive Technology (Beijing) held its founding meeting as a joint-stock company in Beijing. The company changed from a limited liability company to a joint-stock company, beginning a broader program of standardized governance and capital-market development.
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Shareholding reform: more than a name change
At the October 26 founding meeting, the company elected its first board of directors and established an Audit and Risk Committee. From a governance perspective, this is a necessary step before entering capital markets: joint-stock status requires financial standards, decision-making procedures, and governance transparency to align with public-market expectations.
AVIMETAL is a mixed-ownership company under Beijing state-owned Jingcheng Machinery Electric Holding. It is a benchmark enterprise in the State Council's science-and-technology reform program and a nationally recognized key “little giant” specialist enterprise. Its two core businesses are metal 3D printing equipment and powder materials. Over ten years, it has built an integrated technical chain spanning alloy design, master-alloy melting, spherical powder atomization, large-format laser powder bed fusion equipment development, and application-process validation. It has supplied integrated metal 3D printing equipment and powder solutions to more than 5,000 users worldwide, developing materials and equipment as complementary growth drivers.
The company's progress toward capital markets has been gradual. In 2021, Jingcheng Machinery Electric invested RMB 300 million strategically in AVIMETAL, making it China's first metal 3D printing materials company valued above RMB 1 billion. In November 2025, AVIMETAL completed a Series C round led by Xiangtou Fund, with additional investment from Jingcheng Machinery Electric. Funds were earmarked for an additional 2,000 tonnes of aluminum and titanium light-alloy powder capacity. Work on a Series C+ equity financing was also under way in October 2026. The path from strategic investment through Series C and C+ to shareholding reform has been consistent.
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The industrial foundation: materials and equipment together
A company pursuing capital markets ultimately depends on its industrial fundamentals. AVIMETAL's progress in materials and equipment over the past year provides substantive support for this reform.
On the powder side, by July 2025 AVIMETAL had supplied more than 10,000 tonnes of metal powder worldwide, covering nine series—including titanium, high-temperature, and copper alloys—and more than 200 grades. It provides a one-stop capability spanning “master alloy + powder + equipment + process.” A further differentiator is titanium-alloy recycling. Industrial production has been achieved for 100% recycling of coarse TC4 titanium powder, and 1,800 tonnes per year of high-quality recycled titanium powder capacity has reached full production. The recycled powder performs comparably to virgin atomized powder and is already supplied in volume for consumer electronics.
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On the equipment side, Phase III of the Xuzhou industrial park began operations in September 2026. Materials and equipment production lines were integrated at the site, reaching capacity for 300 LPBF machines per year, with maximum build dimensions up to the 1,500 mm class. For consumer electronics, an MT400M machine printed a full build of 2,248 phone hinge shaft covers in 60 hours, with batch performance variation controlled within 5%. This addresses the consistency and cycle-time requirements of 3C mass production.
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Nanjixiong's observations: a capital-market window is opening for metal 3D printing
AVIMETAL's shareholding reform is part of a broader industry trend. In June 2026, Yuding Additive's STAR Market IPO application was accepted; the company plans to raise RMB 1.802 billion. Xinjinghe and other companies are also undergoing listing preparation. After several years of capacity building and application validation, metal 3D printing is entering a period of intensive capital-market activity.
Capital-market ambitions depend on a viable industrial model. AVIMETAL's path is distinctive because it has both powder and equipment businesses, and its titanium-alloy recycling has already reached mass production. The investment case is therefore not only equipment growth or material substitution: it is also the potential to reshape material cost structures. For metal 3D printing as it enters cost-sensitive markets such as consumer electronics, that is a compelling proposition.
AI-translated from an article by Xiaoruanxiong on Nanjixiong, originally published on 2026-10-27. Text and images retain the original source attribution. Read the original Chinese article
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