Domestic M&A Neutral

Creality 3D Passes Hong Kong Stock Exchange Hearing, Poised to Become Listed Consumer 3D Printing Leader in May

2026-05-08 · Impact score: 36

Shenzhen Creality 3D Technology Co., Ltd., a global leader in consumer-grade 3D printing, has passed the Hong Kong Stock Exchange hearing and is expected to list on the main board in May 2026. The company plans to initiate pre-listing investor education (PDIE) on May 12. If successfully listed, it will become the first consumer 3D printing stock in Hong Kong. According to Frost & Sullivan data, in terms of gross merchandise volume in 2024, Creality 3D ranked first globally in the consumer 3D scanner market and second in the consumer 3D printer market. The IPO proceeds will primarily fund technology R&D, international user operations and platform development, global brand promotion, and strategic investments. However, the prospectus also reveals net losses in 2025, a reversal from profit to loss, negative operating cash flow, a surge in marketing spend from RMB 301 million to RMB 570 million, declining annual shipments, and multiple challenges that cannot be overlooked.

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创想三维通过港交所聆讯，消费级3D打印第一股预计5月挂牌

全球消费级3D打印头部企业深圳创想三维科技股份有限公司已通过港交所上市聆讯，预计将于2026年5月内登陆港股主板，计划于5月12日启动上市前投资者教育（PDIE）。若成功挂牌，该公司将成为港股市场“消费级3D打印第一股”。根据灼识咨询数据，按2024年商品交易总额计，创想三维在全球消费级3D扫描仪市场排名第一，在消费级3D打印机市场排名第二。本次IPO募资将主要用于技术研发、海外用户运营与平台建设、全球品牌推广及战略性投资。然而，招股书同时显示，公司2025年净利润由盈转亏，经营活动现金流净额由正转负，营销开支从3.01亿元飙升至5.7亿元，年度出货量也出现下滑，多重挑战不容忽视。

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