Shenzhen Creality 3D Technology (3388) investor relations material

Executive summary

• Revenue for H1 2026 reached RMB1,625.8 million, up 12.9% year-over-year, but the period ended with a net loss of RMB59.1 million (adjusted net loss RMB15.7 million), compared to a net profit of RMB107.5 million in H1 2025.

• Gross profit increased slightly by 0.9% to RMB500.4 million, while gross margin declined from 34.4% to 30.8% due to lower pricing margins and promotional activities.

• Significant R&D investment (RMB143.4 million, 8.8% of revenue) drove innovation in AI, multi-material printing, and ecosystem expansion.

• Key milestones included the launch of the i7 series 3D printers, strong growth in consumables, and significant expansion of the Creality Cloud platform user base.

• The company completed a successful global offering and IPO in May 2026, with over-allotment in June 2026, raising net proceeds of approximately RMB1,279.92 million.

Financial highlights

• Revenue: RMB1,625.8 million (+12.9% YoY); Gross profit: RMB500.4 million (+0.9% YoY).

• Net loss: RMB59.1 million (adjusted net loss RMB15.7 million), vs. net profit of RMB107.5 million in H1 2025; EPS: RMB-0.15 (vs. RMB0.30 in H1 2025).

• Gross margin: 30.8% (down from 34.4% YoY); Net margin: -3.6% (down from 7.5%).

• Cash and cash equivalents: RMB1,451.5 million as of June 30, 2026.

• Borrowings: RMB534.9 million; gearing ratio improved to 0.7 from 1.4 at year-end 2025.

Outlook and guidance

• Plans to launch new competitive products in H2 2026, including the K3 multi-colour printer, upgraded i8, kids printers, PIKA 3D scanner, and A1C engraver.

• Expectation of increased printer sales and user base, further driving ecosystem product sales.

• Continued investment in AI R&D and expansion of offline and omni-channel sales, with over 2,000 overseas display locations and 30 new stores in China planned by year-end.

• Continued focus on AI-driven R&D, ecosystem growth, and omni-channel strategy to drive user and revenue growth.