Creality warns of H1 2026 loss following Hong Kong IPO

Creality, a major Chinese manufacturer of desktop 3D printers, has issued a profit warning for the first half of 2026. The company expects to report a loss between RMB 53 million ($7.9 million) and RMB 63 million ($9.4 million), a significant shift from the profit of RMB 107.49 million ($16 million) recorded during the same period the previous year.

In a filing with the Hong Kong Stock Exchange, the Shenzhen-based firm attributed the expected loss to several factors, including increased spending on marketing and promotions, efforts to clear inventory, and higher investments in research and development. Additionally, the company cited currency exchange fluctuations and price concessions made to expand its international business as contributing factors.

The warning highlights intensifying competition within the consumer 3D printing market. Creality’s gross margin for its 3D printer business has shown a downward trend, falling from 30.9% in 2023 to 28.4% in 2025. As a publicly traded company, Creality is the only major player among its primary competitors—including Bambu Lab, Elegoo, and Anycubic—required to disclose such financial details.