Creality, the world’s largest consumer 3D printing company by shipments, has filed for an IPO on the Hong Kong Stock Exchange, aiming to list on its top-tier market for established companies. Creality is going public to grow its global presence by offering the low-cost and accessible 3D printing products.
It was founded in 2014 by four entrepreneurs (Chen Chun, Ao Danjun, Liu Huilin, and Tang Jingke), has developed from a small 20-square-meter office in Shenzhen’s Longhua District to a global leader in consumer 3D printing technology. The company’s objective has been to make 3D printing as common as 2D printing, a vision that has spurred its rapid expansion over the last decade.
Dominating the Global Consumer 3D Printing Market
Creality has established itself as a powerful force in the 3D printing industry, with outstanding market data to support its leadership position. According to CIC Consulting data provided in the company’s prospectus, Creality held a 27.9% global market share based on cumulative consumer-grade 3D printer shipments from 2020 to 2024, totalling 4.4 million units.
While the business ranked second in global consumer-grade 3D printer shipments in 2024 with a 16.9% market share, it remains the industry leader in other areas, including the consumer-grade 3D scanner market, where it holds a 37.7% share by shipping volume. Creality is also making major strides in the laser engraving industry, ranking third internationally among consumer-grade laser engraver manufacturers with a 5.7% market share by shipping.
Creality stands out in the industry because to its broad product ecosystem. The company is the only major player in the global 3D creative sector that provides consumer-grade 3D printing, scanning, and laser engraving products and services. This diversification strategy has allowed the corporation to retain significant growth in the face of increased competition.
Creality is going Public on Strong Financials
Creality’s financial statistics show constant growth and profitability, making it a compelling prospect for potential investors. The company’s revenue has increased significantly year after year, rising from 1.346 billion yuan in 2022 to 1.883 billion yuan in 2023 and 2.288 billion yuan in 2024, reflecting a compound annual growth rate of 30.4%.
This robust development trajectory has continued into 2025, with first-quarter revenue of 708 million yuan, up 28.67% from the same period last year. The company’s gross profit margins have also improved, rising from 28.8% in 2022 to 31.8% in 2023 and finally settling at 30.9% in 2024. In the first quarter of 2025, margins increased to 35.2%, suggesting improved operational efficiency.
Creality attributed this profit improvement to an increase in direct sales through online channels, which normally attract higher retail pricing than physical distribution. The proportion of income generated by online sales has increased dramatically, from 13.5% in 2022 to 40.9% in 2024, and will reach 47.9% in the first quarter of 2025.
Vision and Competitive Landscape
The IPO comes at a critical time for Creality, which is facing increased competition in the 3D printing sector, particularly from other Chinese firms. The company’s leadership position is being challenged by new entrants like as Bambu Lab, created by former DJI executives and rapidly gaining market share since its inception in 2020.
Creality intends to use the profits from its initial public offering (IPO) to engage in research and development, grow its worldwide user operations, increase global brand promotion, and establish sales channels. The company’s manufacturing operations are currently distributed among locations in Wuhan, Huizhou, and Shenzhen, while its sales network spans around 140 countries and regions via 74 self-operated online stores and 2,163 dealers.
China International Capital Corporation, the sole sponsor, is underwriting the IPO, with PricewaterhouseCoopers serving as auditor. This IPO marks a key milestone for Creality and indicates increased investor interest in the consumer 3D printing sector.
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