Bosera Asset Management Co., Ltd. is experiencing growth due to the convergence of demand upgrades and declining costs, with both digital printing equipment and ink expanding. The textile digital printing industry is aligned with consumer trends, and technological advancements may enable large-scale production. The渗透 rate is still low, but there is significant potential for growth. The global textile digital printing output has increased from 12 billion meters in 2014 to 43 billion meters in 2019, with an average annual growth rate of 29%. The replacement rate of digital printing technology has increased from 2.2% to 7.8%, driving the continuous growth of the company's digital printing equipment and配套 ink products. The global digital printing equipment market size and digital printing ink market size are expected to reach 265 billion yuan and 89 billion yuan by 2025, respectively, with significant growth potential. The industry leader is expected to benefit. The risks include fluctuations in the downstream industry and cost reduction that is not as expected. The report concludes with a summary of the main points and an important legal statement for institutional investors only.