Group 1 - xTool Innovate Limited has submitted its application for a mainboard listing on the Hong Kong Stock Exchange, reporting a revenue of 1.777 billion yuan and an adjusted net profit of 172 million yuan for the first nine months of 2025 [1] - Founded in 2021 by Wang Jianjun, xTool is recognized as the largest and fastest-growing brand in the laser engraving and cutting machine sector, according to a report by ZhiShi Consulting [1] - The company's revenue is primarily generated from overseas markets, with 54.8% coming from the United States (973 million yuan) and 30.3% from Europe (538 million yuan) during the first nine months of 2025 [1] Group 2 - xTool established a European regional office in Berlin in November last year and launched its flagship desktop laser engraving machine, the F2 Ultra UV, in the local market [2] - The company has over 300 demonstration halls and 40 service stations in Europe [2] - The global market for technology-enabled personal creative tools is projected to grow from 6.8 billion USD in 2024 to 39.1 billion USD by 2030, according to ZhiShi Consulting [2]
激光雕刻机巨头xTool冲击港股，年营收超17亿，腾讯红杉押注
Jin Rong Jie·2026-01-15 05:11