BLT – a Chinese manufacturer of 3D metal printers, records revenue growth by +58% in the first half of 2023.

BLT (Xi’an Bright Laser Technologies) – a leading Chinese manufacturer of 3D metal printers, recorded revenues of USD 60.22 million in the first half of 2023, an increase of +58.53% compared to the same period previous tax year. The company also posted a net profit of approximately $2.44 million, compared to a loss of -$5.34 million posted a year ago. At the same time, the entire fiscal year 2022 closed with record revenues in the company’s history, at PLN 140 million and an increase of +66% year-on-year.

In the first half of 2023, BLT’s revenue structure was as follows: aerospace and aviation industry accounted for 52.29%, industrial machinery 39.76%, research institutions 6.16%, medical research 1.78%, and other sectors. 0.02%. As of August 29, 2023, BLT has a market cap of $2.51 billion.

In the aerospace sector, BLT has built a solid reputation with a growing number of clients and partners, including various subsidiaries of renowned global aerospace giants. The company is, among others, supplier of metal 3D printing services for Airbus. He also specializes in applications created for the space sector. He is also an innovator in the area of creating new metal alloys for 3D printing technology.

Apart from such major industries, BLT has started to expand its shoe molding business, and recently entered into a strategic partnership with a large Sino-foreign joint venture shoe manufacturer to jointly promote the development of the application of metal 3D printing technology in the footwear sector.

Source: www.voxelmatters.com