Farsoon Prepares $540M Financing, Shifts From Machines to Services

Farsoon Technologies has received approval from the Shanghai Stock Exchange for a private placement worth RMB 3.91 billion, roughly $540 million. If the registration clears, it will be the largest domestic financing deal in the history of Chinese 3D printing.

The company plans to spend the money in three buckets. About RMB 1.08 billion goes to production capacity. Another RMB 480 million funds a global operations center. The largest slice, RMB 2.36 billion, builds an integrated services platform. Farsoon calls this a shift from selling machines to delivering services.

The financials justify the ambition. Farsoon's 2023 IPO funds are 92% spent, and those projects generated RMB 64 million in profit last year. Full-year 2025 revenue hit RMB 715 million, up 45% year over year. In the first half of 2026, revenue reached RMB 341 million, up 42.27%, with net profit jumping 87.09% to RMB 8.43 million.

China's 3D printer exports are booming too. Customs data for the first seven months of 2026 shows 3D printer exports at RMB 11.2 billion, up 110% year over year. That is 1.5 times the value of industrial robot exports.

The market is rewarding the growth. Farsoon's share price stood at RMB 91.48 on Tuesday, giving the company a market cap around RMB 38 billion, or about $5.3 billion.

The services play is a pivot for a company known for its SLS and metal PBF machines. By bundling machines with software, materials, and engineering support, Farsoon is trying to capture more value per customer and build stickier relationships. Whether that model works at scale remains to be seen, but the capital behind it suggests the company is betting big on the transition.