HK Recently Listed Stocks Watch | CREALITY (03388.HK) 36.64 million cornerstone shares to be unblocked on 29 November, multi-colour 3D printer K3 opens pre-sale on JD.com

NewTimeSpace News, on 12 October 2026, 3D printing shares traded with volatility while CREALITY (03388.HK) firmed. As of 14:00, the company quoted HKD 27.200, up 1.95%.

On the news front, on 8 October 2026, CREALITY's flagship new product, the K3 multi-colour 3D printer, opened for pre-sale on JD.com at a launch price of RMB 4,599. The model adopts an independent four-channel, four-nozzle architecture and the self-developed KliTek multi-nozzle changing technology, with nozzle switching completed in as little as about five seconds, saving about 80% of printing time and reducing consumable waste by about 85% compared with conventional single-nozzle multi-colour 3D printers, and supports CMYK full-colour mixing and mixed printing of soft and hard TPU. The multi-colour printer SPARKX i8 launched by the company in September has gone live on the overseas crowdfunding platform Indiegogo, with crowdfunding proceeds exceeding USD 3.7 million as of 7 October 2026.

In addition, on 11 October 2026, peer manufacturer Flashforge launched the CJ270 full-colour 3D printer at a price of RMB 34,999. The model uses multi-jet printing technology, with seven printheads jetting six build materials — cyan, magenta, yellow, black, white and transparent — plus one water-soluble support material, cured layer by layer with UV, supporting more than 10 million colour combinations with a nominal layer thickness of 7 micrometres.

CREALITY (03388.HK) listed on the Main Board of the Hong Kong Stock Exchange on 29 May 2026 at an offer price of HKD 18.80, with 73,427,550 shares issued.

Regarding its shareholding structure, the lock-up period of all 15 cornerstone investors of the company is six months, with the nearest release date falling on 29 November 2026, when a total of 36,639,000 shares held by 15 cornerstone investors including Taikang Life, CITIC Industrial International and CPE Greater China Enterprises Growth Fund will be released from lock-up, representing 49.90% of the shares under the global offering and approximately 7.85% of the company's total issued share capital immediately following completion of the global offering. In addition, the 12-month lock-up undertakings of the company's controlling shareholders (the single largest shareholder group) and its other existing shareholders are expected to be released from lock-up in late May 2027.

In terms of financial performance, the company disclosed its first interim results after listing on 26 August 2026. For the first half of 2026, revenue was RMB 1.626 billion, up 12.9% year on year; gross profit was RMB 500 million, up 0.9% year on year; gross margin was 30.8%, down 3.6 percentage points from a year earlier; net loss for the period was RMB 59.1 million, compared with a net profit of RMB 107.5 million a year earlier; and basic and diluted loss per share was RMB 0.15. Among these, revenue from 3D printers was about RMB 842 million, up 0.1% year on year, consumables revenue was about RMB 277 million, up 48.3% year on year, and revenue from 3D scanners and laser engravers was about RMB 326 million, up 16.7% year on year. As of 30 June 2026, the company had cash and cash equivalents of about RMB 1.452 billion and total assets of RMB 3.901 billion against total liabilities of RMB 1.556 billion. The company declared no interim dividend.

CREALITY (03388.HK) focuses on consumer-grade 3D printing products and services, with products and services mainly comprising 3D printers and consumables, 3D scanners, laser engravers and related accessories, as well as 3D printing content and related services offered through its Creality Cloud platform; it also launched Nexbie, an overseas e-commerce platform focused on 3D creative products, in August 2025. Its business covers 140 countries and regions worldwide. By 2024 shipment volume, it ranked first in the global consumer-grade 3D printer market with a 27.9% share; by GMV, its consumer-grade 3D scanners held a 45.3% global share in 2025, ranking first worldwide.

HTSC believes that rising shipments of consumer-grade 3D printing equipment are expected to drive continued growth in demand for consumables; under the FDM route, PLA and PETG are expected to benefit first, penetration of flexible materials and engineering plastics is expected to rise gradually as printing scenarios expand, while the photopolymerisation route is expected to bring incremental demand for acrylate-based formulation raw materials on the back of demand growth in certain professional scenarios.