Creality Posts H1 Loss, Plans $81M Shenzhen Headquarters

Creality (HKG: 3388) sold more printers in the first half of 2026 than it did a year earlier, but lower margins and higher spending pushed the consumer 3D printing company into the red. For the six months ended June 30, Creality reported revenue of RMB 1.63 billion ($242 million), up 12.9% from RMB 1.44 billion ($214 million) in the same period of 2025. The company posted a net loss of RMB 59.1 million ($8.8 million), compared with a profit of RMB 107.5 million ($16 million) in the first half of 2025.

The loss was not a surprise. Creality warned investors in mid-August that it expected a first-half loss, with estimates ranging between RMB 53 million and RMB 63 million. On a non-IFRS basis, the adjusted net loss was between RMB 10 million and RMB 20 million.

Creality listed on the Hong Kong Stock Exchange on May 29, 2026, becoming the first consumer 3D printing company to debut there. The IPO raised HK$1.272 billion in net proceeds, roughly $162 million at the time, and was oversubscribed more than 3,800 times. The stock opened 80% above its offer price.

That windfall helps fund what comes next. Creality plans to invest up to RMB 550 million ($81.8 million) in a new additive manufacturing headquarters and innovation center in Shenzhen. The proposed site sits in the South China Logistics Park. The investment would cover land acquisition through a public tender process that has not yet been completed, plus construction and equipment.

Creality still needs to secure the land through the tender process and obtain government approvals before any formal agreement is signed. The company said the new campus would consolidate its R&D, product development, application demonstration, and service functions into a single hub. Funding is expected to come from internal resources and external financing.

At the end of June, Creality held RMB 1.45 billion ($215.7 million) in cash and cash equivalents, giving it plenty of runway even as margins compress. Competition in the consumer 3D printer market has intensified as Chinese manufacturers push print speeds higher, add more automation, and release new machines at aggressively low prices.

Creality's interim results for the first half of 2026 are expected by the end of August. The final numbers may differ from the preliminary estimates, but the direction is clear: the company is growing revenue, spending heavily on expansion, and trading profitability for scale.