---
title: "Creality warns of first-half loss three months after Hong Kong IPO"
url: https://www.voxelmatters.com/creality-warns-of-first-half-loss-three-months-after-hong-kong-ipo/
date: 2026-08-21
modified: 2026-08-21
lang: en
author: "Davide Sher"
description: "Shenzhen Creality 3D Technology expects a loss attributable to owners of between RMB53 million and RMB63 million (approximately US$7.9 million to US$9.4 million, compared with a profit of RMB107.49 million..."
categories:
  - "3D Printer Hardware"
  - "Financial Reports"
  - "Money & Funding"
tags:
  - "insights"
image: https://www.voxelmatters.com/wp-content/uploads/2026/08/creality-640x427.jpg
word_count: 496
---

# Creality warns of first-half loss three months after Hong Kong IPO

[Shenzhen Creality 3D Technology](https://www.voxelmatters.directory/company/creality-3d/) expects a loss attributable to owners of between RMB53 million and RMB63 million (approximately US$7.9 million to US$9.4 million, compared with a profit of RMB107.49 million (approximately US$16.0 million) in the same period last year, according to a filing with the Hong Kong Stock Exchange. On a non-IFRS basis that adds back share-based compensation and listing expenses, the company still expects an adjusted net loss of RMB10 million to RMB20 million (approximately US$1.5 million to US$3.0 million) for the period.

The loss followed intensified promotional efforts and pricing concessions to expand overseas market presence, combined with inventory clearance tied to product upgrades, both of which cut gross profit margin. Growth in Creality's online direct sales business and heavier offline brand marketing raised spending on promotion fees paid to e-commerce platforms, offline stores, and channel partners. Research and development costs rose as the company expanded its R&D team and added personnel and material expenses. Foreign exchange losses from the Renminbi's continued appreciation against the US dollar added further pressure over the period.

![Shenzhen Creality 3D expects a financial loss in H1 2026. Learn more about the financial outlook and challenges.](https://www.voxelmatters.com/wp-content/uploads/2026/05/Zrzut-ekranu-2026-06-02-121749.png)[Creality listed on the Hong Kong Stock Exchange on May 29, 2026, becoming the first consumer 3D printing company to debut there](https://www.voxelmatters.com/creality-goes-public-a-177-million-bet-on-the-future-of-consumer-3d-printing/). The IPO raised HK$1.272 billion in net proceeds (approximately US$162.2 million, at HK$7.84 per US dollar as of August 21, 2026), was oversubscribed 3,829 times, and opened 80% above its offer price. The profit warning lands roughly three months later.

By 2025 GMV, Creality held the No. 2 position globally in consumer 3D printers with an 11.2% market share, led the consumer 3D scanner market with 45.3%, and ranked fourth in consumer laser engravers with 4.8%. Group revenue reached RMB3.13 billion (approximately US$465.7 million) in 2025 with an adjusted net profit of RMB92.4 million (approximately US$13.7 million), though 3D printer gross margin had already slipped from 30.9% in 2023 to 28.4% in 2025 as competitors cut prices and added automation. Overseas markets constituted about 74% of 2025 revenue, with products sold in roughly 140 countries.

Creality separately disclosed the resignation of financial director Xie Wujian, effective July 8, 2026. Xie, who also served as vice general manager, secretary to the Board, and joint company secretary, cited his own personal development plans as the reason; the Board said he had no disagreement with directors and flagged nothing else requiring shareholder attention. Kitty Yeung Siu Wai, the Group's other joint company secretary, remains in the role as sole company secretary, and the Board said Xie's departure will not materially affect the Group's financial operations. The disclosure does not link the resignation to the anticipated loss: personal development plans are the only reason given, and the effective date falls just after the six-month period covered by the profit warning.

The figures are based on a preliminary assessment of unaudited management accounts and have not been reviewed by Creality's auditor or audit committee. Full interim results are due by the end of August 2026 and may differ from the estimates in this filing.