Company Overview - Shenzhen Chuangxiang Sanwei Technology Co., Ltd. (Chuangxiang Sanwei) submitted its prospectus to the Hong Kong Stock Exchange on August 14, 2023 [2] - Founded in 2014, Chuangxiang Sanwei is a provider of consumer-grade 3D printing products and services, including 3D printers, consumables, and various services on Chuangxiang Cloud, a global online community focused on 3D printing content [2] - As of 2024, Chuangxiang Sanwei holds a 27.9% market share, making it the largest provider of consumer-grade 3D printing products and services globally based on cumulative shipments from 2020 to 2024 [2] Business Development - The founders, four individuals born in the 1980s, recognized the dominance of foreign brands in the domestic consumer-grade 3D printer market and the growing demand from domestic consumers [2] - Initially, the company operated as an OEM for the first two years, targeting overseas markets, and launched a successful product, the CR-10, in 2016, selling over 20,000 units monthly at a price of $500 [3] - The COVID-19 pandemic in 2020 positioned Chuangxiang Sanwei as a leading manufacturer of desktop 3D printers, leveraging increased home-based activities and the need for rapid prototyping due to logistics disruptions [3] Financial Performance - In 2021, Chuangxiang Sanwei completed a financing round of 508.5 million RMB, achieving a post-investment valuation of 4 billion RMB [4] - Major institutional investors include Qianhai Mother Fund (5.81% stake), Shenzhen Capital Group (4.32%), Tencent (2.16%), and others [4] - The company's revenue from 2022 to the first three months of 2025 is projected to be 1.346 billion RMB, 1.883 billion RMB, 2.288 billion RMB, and 708 million RMB, respectively, with corresponding net profits of 104 million RMB, 129 million RMB, 89 million RMB, and 82 million RMB [5] Industry Outlook - The global 3D printing market is expected to reach $34.5 billion by 2028, with a compound annual growth rate (CAGR) of 18.1%, driven primarily by demand in North America, Europe, and the Asia-Pacific region [6] - The industry is experiencing a pivotal moment, with rapid growth in the cultural and creative sectors, leading to increased demand for consumer-grade 3D printers [6] - The current pricing of consumer-grade 3D printers has reached a market inflection point, suggesting potential for scaled demand as production costs decrease [6]
深圳四位85后卖3D打印机：年入22.88亿，全球第一，港股上市
3 6 Ke·2025-08-15 12:27