Core Viewpoint - The news highlights the upcoming IPO of Creality 3D on the Hong Kong Stock Exchange, with significant attention on its backing by Tencent, aiming to expand its global market share in the 3D printing industry [1]. Company Overview - Creality 3D is a leading provider of consumer-grade 3D printing products and services, including 3D printers, consumables, and various services offered through its cloud platform [1]. - The company has expanded its product line to include 3D scanners, laser engravers, and accessories, and recently launched Nexbie, an overseas e-commerce platform focused on 3D creative products [1]. Financial Performance - According to the prospectus, Creality 3D's projected revenues from 2022 to 2024 are RMB 1.346 billion, RMB 1.883 billion, and RMB 2.288 billion, respectively, with Q1 2025 revenue expected to reach RMB 707.984 million [1][3]. - The net profits for the same period are projected to be RMB 1.04 billion, RMB 1.29 billion, and RMB 0.89 billion, with a significant decline of 31.01% in 2024 compared to 2023 [1][3]. Research and Development - The company faces rapid technological innovation in its industry, necessitating continuous investment in R&D to maintain competitiveness [4]. - R&D expenditures as a percentage of total revenue for 2022, 2023, and 2024 are 6.5%, 5.1%, and 6.5%, respectively, indicating a commitment to innovation [4]. Use of IPO Proceeds - The funds raised from the IPO will be allocated to R&D investments to enhance technological capabilities, support long-term innovation, and maintain competitiveness in the global consumer-grade 3D printing market [4]. - Additional uses include operations for overseas users, global brand promotion, sales channel development, and seeking strategic partnerships or acquisitions [4].