技术与渠道双驱动 全球高端消费科技品牌xTool递表港交所

Core Viewpoint - xTool, a leading brand in personal creative tools, has submitted its main board listing application to the Hong Kong Stock Exchange, showcasing its high growth and profitability for the first time in the market [1] Group 1: Company Overview - xTool focuses on laser-based personal creative tools and material printers, providing professional smart creation solutions for individual consumers, small business owners, and brand retail stores [1] - The company has a strong investment backing, with Tencent leading the funding round and participation from firms like Sequoia Capital, which has laid the foundation for its technology development and global expansion [1] Group 2: Market Position and Financial Performance - As of the first nine months of 2025, xTool holds a 37% global market share in laser personal creative tools, with a remarkable 47% share in the laser engraving machine segment, surpassing the combined market share of brands ranked second to tenth [2] - The company's revenue structure is highly globalized, with 97% of its revenue coming from overseas developed markets, and 85% from Europe and the U.S. [2] - Revenue increased from 1.46 billion yuan to 2.48 billion yuan from 2023 to 2024, representing a 70% year-on-year growth, with continued growth expected in 2025 [2] Group 3: Product Expansion and Market Trends - In June 2025, xTool launched its first apparel printer, capturing 12.7% of the global DTF market share within months, positioning it as the third largest in terms of GMV for the first nine months of 2025, seen as a second growth curve for the company [2] - The global market for technology-enabled personal creative tools is projected to grow from $6.8 billion in 2024 to $39.1 billion by 2030, with a compound annual growth rate of 33.8% [3] - The IPO proceeds will primarily be used to enhance R&D investment, increase global brand influence, expand the overseas user community ecosystem, and strengthen supply chain resilience [3]