Large-scale 3D printer manufacturer, Creality, deliberates on the effects of tariffs on their business, implying potential price hikes for customers, following their initial public offering (IPO).
Creality, the world's largest consumer 3D printing company, is planning to make a significant move by seeking a public listing on the Hong Kong Stock Exchange. The company's financial performance over the past year suggests a promising outlook.
In 2024, Creality reported gross profits of RMB 707.8 million (approximately USD 98.7 million). The company's gross profit margin for that year stood at 30.90%. In the first quarter of 2025, the gross profit margin increased to 35.20%.
The company's sales network spans 140 countries and 74 online stores. Creality sells its machines through both direct sales on its website and through distributors. A geographic breakdown shows that nearly 63% of Creality's sales were to Western countries in Q1 of 2025, with over 90% of sales in non-Asian countries.
A significant portion of Creality's revenue, approximately 27%, came from North America in 2024, amounting to RMB 615.1 million ($85.8 million USD). The company's new e-commerce platform, Nexbie, also contributes to the "sales proceeds of 3D printed products."
Creality generates revenue from the sales of 3D printers, 3D printing consumables, 3D scanners, laser engravers, accessories, and other 3D printed products and services. The company's customer base includes individual users, distributors, and enterprise users.
Interestingly, a "vast majority" of Creality's revenue from within China is from e-commerce traders who resell Creality products overseas. Creality's products, such as the Ender 3, Creality Hi, and K2 Plus, are well-known in the 3D printing community.
Despite additional U.S. tariffs, Creality did not experience a material adverse effect on its business operations or financial condition during the track record period and up to the latest practicable date. The company attributes its growth to a "proactive pricing strategy" that passes on increased tariffs to customers and strong market demand in the US.
It's important to note that this document is not intended for marketing or soliciting investments. The document, a 561-page PDF, contains redacted portions to avoid being mistaken for a final prospectus. However, the search results do not contain specific information about the name of the main person or team responsible for preparing Creality's IPO prospectus or listing application.
As the first manufacturer of consumer-grade 3D printers to seek public funding, Creality's move towards a public listing is a significant step in the 3D printing industry. The company's financial performance and global reach position it well for success in this new venture.
Read also:
- Understanding the Concept of Obesity
- Upcoming iPhone Model: What We Understand Thus Far
- Fixing a crucial aspect in Apple's Studio Display stands to improve the experience for both gamers and creative professionals alike.
- Cheech and Chong's marijuana business, valued at $100 million, is no laughing matter.
.){kind=link}