“消费级3D打印机第一股”将诞生？创想三维闯关港交所

Group 1 - The core point of the article is that Shenzhen Chuangxiang Sanwei Technology Co., Ltd. has submitted its IPO application to the Hong Kong Stock Exchange, aiming to become the first consumer-grade 3D printer company listed in Hong Kong [1][2] - The company plans to use the funds raised from the IPO for research and development, overseas user operations, global brand promotion, sales channel development, seeking strategic partnerships, and potential investments or acquisitions [1][2] - Chuangxiang Sanwei is recognized as the largest provider of consumer-grade 3D printing products and services globally, with a market share of 27.9% based on cumulative shipments from 2020 to 2024 [2][6] Group 2 - The revenue from 3D printers has been decreasing, with the revenue share from 3D printers dropping from 81.7% in 2022 to 61.3% in the first quarter of 2025, while the revenue share from 3D printing consumables increased from 3% to 12% during the same period [3][4] - The company's revenue for the reporting periods was 1.346 billion, 1.883 billion, 2.288 billion, and 708 million, with net profits of 104 million, 129 million, 88.66 million, and 81.564 million respectively [3][4] - Chuangxiang Sanwei's inventory has been increasing, with the book value of inventory rising from 184 million to 516 million over the reporting periods, indicating a growing trend [5][6] Group 3 - The company relies heavily on a limited number of key online platforms for sales, including Amazon, eBay, Tmall, JD.com, and Taobao, which account for a significant portion of its online sales [4][5] - Chuangxiang Sanwei has only received external financing once since its establishment, with a 5.08 billion A-round financing completed in June 2021 [6]