{"id":686,"date":"2026-06-08T21:06:11","date_gmt":"2026-06-08T13:06:11","guid":{"rendered":"https:\/\/tt3dprint.com\/?p=686"},"modified":"2026-06-08T21:06:52","modified_gmt":"2026-06-08T13:06:52","slug":"creality-ipo-consumer-3d-printing-future-ko","status":"publish","type":"post","link":"https:\/\/tt3dprint.com\/ko\/creality-ipo-consumer-3d-printing-future-ko\/","title":{"rendered":"\ud06c\ub9ac\uc5bc\ub9ac\ud2f0 IPO: \uc18c\ube44\uc790\uc6a9 3D \ud504\ub9b0\ud305\uc758 \ubbf8\ub798"},"content":{"rendered":"
\n \"\ud06c\ub9ac\uc5bc\ub9ac\ud2f0\uc758
\ud06c\ub9ac\uc5bc\ub9ac\ud2f0\uc758 HKEX \uc0c1\uc7a5\uc740 \uc18c\ube44\uc790\uc6a9 3D \ud504\ub9b0\ud305 \uc5c5\uacc4\uc758 \uc774\uc815\ud45c \u2014 \uc0ac\uc9c4 \ucd9c\ucc98: Creality via LinkedIn<\/figcaption><\/figure>\n

\ud64d\ucf69\uc99d\uad8c\uac70\ub798\uc18c(HKEX)\uc5d0\uc11c \ud06c\ub9ac\uc5bc\ub9ac\ud2f0(Creality)\ub97c \uc704\ud574 \uc885\uc774 \uc6b8\ub838\uace0, \uc804 \uc138\uacc4 \uc18c\ube44\uc790\uc6a9 3D \ud504\ub9b0\ud305 \uc5c5\uacc4\uac00 \uc8fc\ubaa9\ud558\uace0 \uc788\ub2e4. \ud06c\ub9ac\uc5bc\ub9ac\ud2f0\ub294 \uacf5\ubaa8\uac00 HK$18.80 \ub300\ube44 80% \uac00\uae4c\uc774 \uc0c1\uc2b9\ud55c HK$33.80\uc5d0 \uac1c\uc7a5\ud588\uc73c\uba70, \uc2dc\uac00\ucd1d\uc561\uc740 \uc57d HK$160\uc5b5\uc5d0 \ub2ec\ud588\ub2e4. \ud64d\ucf69 \uacf5\uac1c\uccad\uc57d\uc740 3,829\ubc30 \ucd08\uacfc\uccad\uc57d\uc774\ub77c\ub294 \ub180\ub77c\uc6b4 \uc218\uce58\ub97c \uae30\ub85d\ud588\ub2e4.<\/p>\n

\ub9ce\uc740 \uc0ac\ub78c\ub4e4\uc5d0\uac8c \uc774\ub294 “\ub610 \ud558\ub098\uc758 3D \ud504\ub9b0\ud305 \uae30\uc5c5 \uc0c1\uc7a5”\uc5d0 \ubd88\uacfc\ud558\ub2e4. \uadf8\ub7ec\ub098 \uacf5\uc2dc\uc11c\ub958, \uc5c5\uacc4 \ub370\uc774\ud130, \uae00\ub85c\ubc8c \uc2dc\uc7a5 \ub3d9\ud5a5\uc744 \uae4a\uc774 \ubd84\uc11d\ud558\uba74 \uc774\uac83\uc774 \ub2e8\uc21c\ud55c \uc0c1\uc7a5 \uadf8 \uc774\uc0c1\uc758 \uc758\ubbf8\ub97c \ub2f4\uace0 \uc788\ub2e4\ub294 \uac83\uc744 \uc54c\uac8c \ub41c\ub2e4 \u2014 \uc911\uad6d \uc18c\ube44\uc790\uc6a9 3D \ud504\ub9b0\ud305 \uc0b0\uc5c5\uc774 \uae00\ub85c\ubc8c \uacbd\uc7c1\uc758 \uc0c8\ub85c\uc6b4 \ub2e8\uacc4\uc5d0 \uc9c4\uc785\ud588\ub2e4\ub294 \uc2e0\ud638\ub2e4.<\/strong><\/p>\n

\ud06c\ub9ac\uc5bc\ub9ac\ud2f0\uc758 \uc2dc\uc7a5 \uc9c0\uc704: \ud45c\uba74 \uc544\ub798\uc758 \ud798<\/h2>\n

\ud06c\ub9ac\uc5bc\ub9ac\ud2f0\ub294 \uae00\ub85c\ubc8c \uc18c\ube44\uc790\uc6a9 3D \ud504\ub9b0\ud305 \uc2dc\uc7a5\uc5d0\uc11c \uc758\uc2ec\ud560 \uc5ec\uc9c0 \uc5c6\ub294 \uc9c0\ubc30\uc801 \uc704\uce58\ub97c \uc810\uc720\ud558\uace0 \uc788\ub2e4. 2025\ub144 \ud504\ub9b0\ud130 GMV(\ucd1d\uac70\ub798\uc561)\ub294 \uae00\ub85c\ubc8c 2\uc704(11.2% \uc810\uc720\uc728), \uc2a4\uce90\ub108 GMV\ub294 1\uc704(45.3%)\ub97c \uae30\ub85d\ud588\uc73c\uba70, \ub808\uc774\uc800 \uc870\uac01\uae30\ub3c4 \uae00\ub85c\ubc8c 4\ub300 \uce74\ud14c\uace0\ub9ac\uc5d0 \uc9c4\uc785\ud588\ub2e4.<\/p>\n

\uc218\uce58\ub294 \uae00\ub85c\ubc8c \ud655\uc7a5\uc758 \uc774\uc57c\uae30\ub97c \uc804\ud55c\ub2e4. \ud06c\ub9ac\uc5bc\ub9ac\ud2f0\ub294 140\uac1c\uad6d \uc774\uc0c1\uc5d0\uc11c \uc0ac\uc5c5\uc744 \uc6b4\uc601\ud558\uba70, \ubbf8\uad6d \uc2dc\uc7a5\ub9cc\uc73c\ub85c \ub9e4\ucd9c\uc758 \uc57d 30%\ub97c \ucc28\uc9c0\ud55c\ub2e4. \ubd81\ubbf8\uc640 \uc720\ub7fd\uc744 \ud569\uce58\uba74 \ub9e4\ucd9c\uc758 57% \uc774\uc0c1 \u2014 \uc774\ub294 \ub2e8\uc21c\ud55c OEM \uc81c\uc870\ub97c \ub118\uc5b4 \uc815\uad50\ud55c \uc720\ud1b5 \ub124\ud2b8\uc6cc\ud06c\uc640 \ube0c\ub79c\ub4dc \uc804\ub7b5\uc73c\ub85c \uad6c\ucd95\ub41c \uac83\uc774\ub2e4.<\/p>\n

\uc131\uc7a5\uc758 \ubc30\ud6c4\uc5d0\ub294 \uac15\ub825\ud55c \uacf5\uae09\ub9dd\uc774 \uc788\ub2e4. \uc6b0\ud55c, \ud6c4\uc774\uc800\uc6b0, \uc120\uc804\uc5d0 \uac78\uce5c 3\ub300 \uc0dd\uc0b0 \uae30\uc9c0\ub294 \ucd1d 26\ub9cc \uc81c\uacf1\ubbf8\ud130 \uc774\uc0c1\uc73c\ub85c, “\uc120\uc804 \ubaa8\ub378”\uc758 \uc804\ud615 \u2014 \uadf9\ub3c4\uc758 \ube44\uc6a9 \ud1b5\uc81c\uc640 \ube60\ub978 \ubc18\ubcf5 \uac1c\ubc1c\uc744 \ubcf4\uc5ec\uc900\ub2e4.<\/p>\n

\ud50c\ub7ab\ud3fc \uc804\ub7b5: \ud558\ub4dc\uc6e8\uc5b4 \uadf8 \uc774\uc0c1<\/h2>\n

\ud06c\ub9ac\uc5bc\ub9ac\ud2f0\uc758 \uac00\uc7a5 \uc911\uc694\ud55c \uc7a5\uae30 \uc804\ub7b5\uc740 \ud558\ub4dc\uc6e8\uc5b4 \ud68c\uc0ac\uc5d0\uc11c \ud50c\ub7ab\ud3fc \ud68c\uc0ac\ub85c\uc758 \uc804\ud658\uc5d0 \uc788\ub2e4. Creality Cloud \ub4f1\ub85d \uc0ac\uc6a9\uc790\ub294 570\ub9cc \uba85\uc744 \ub3cc\ud30c\ud588\uc73c\uba70, AI \uae30\uc220\uc774 \uc81c\ud488 \ub77c\uc778 \uc804\uccb4\uc5d0 \uae4a\uc774 \ud1b5\ud569\ub418\uace0 \uc788\ub2e4 \u2014 \ud14d\uc2a4\ud2b8\uc5d0\uc11c 3D \ubaa8\ub378 \uc0dd\uc131, \uc774\ubbf8\uc9c0\uc5d0\uc11c 3D \ubcc0\ud658\ubd80\ud130 AI \ubcf4\uc870 \ub808\ubca8\ub9c1, \ud750\ub984 \uad50\uc815, \ud504\ub9b0\ud305 \uc911 \uacb0\ud568 \uac10\uc9c0, \ub808\uc774\uc800 \uc870\uac01\uc6a9 AI \uacbd\ub85c \uacc4\ud68d\uae4c\uc9c0.<\/p>\n

\ud68c\uc0ac\uc758 \ub300\uc751 \uc804\ub7b5\uc740 \uba85\ud655\ud558\ub2e4: \uba3c\uc800 K2 \uc2dc\ub9ac\uc988\ub97c \ud1b5\ud55c \uc81c\ud488 \ud504\ub9ac\ubbf8\uc5c4\ud654, \ub458\uc9f8 \ud50c\ub7ab\ud3fc \uc0dd\ud0dc\uacc4 \uac1c\ubc1c, \uc14b\uc9f8 \uc81c\ud488 \uc804\ubc18\uc5d0 \uac78\uce5c AI \ud1b5\ud569 \uc2ec\ud654.<\/p>\n

\uc218\uc775\uc131 \uacfc\uc81c: \ubc88\ub4ef\ud55c \uc22b\uc790 \uc774\uba74<\/h2>\n

\ud654\ub824\ud55c IPO \uc22b\uc790 \uc774\uba74\uc5d0\ub294 \uc8fc\ubaa9\ud560 \ub9cc\ud55c \uc2e0\ud638\ub4e4\uc774 \uc788\ub2e4. \ub9e4\ucd9c\uc740 2023\ub144 18.8\uc5b5 \uc704\uc548\uc5d0\uc11c 2025\ub144 31.3\uc5b5 \uc704\uc548\uc73c\ub85c \uac15\ud558\uac8c \uc131\uc7a5\ud588\ub2e4. \uadf8\ub7ec\ub098 \uc601\uc5c5\uc774\uc775\uc740 2023\ub144 1.77\uc5b5 \uc704\uc548\uc5d0\uc11c \uc601\uc5c5\uc190\uc2e4\ub85c \uc804\ud658\ub418\uc5b4 “\ub9e4\ucd9c \uc131\uc7a5 without \uc218\uc775”\uc758 \uac00\uc704 \ud6a8\uacfc\ub97c \ub9cc\ub4e4\uc5b4\ub0c8\ub2e4.<\/p>\n

\ub3c8\uc740 \uc5b4\ub514\ub85c \uac14\ub294\uac00? \ub450 \uacf3: \ud310\ub9e4\uc640 \ub9c8\ucf00\ud305(\ube44\uc6a9\ub960 16.0%\u219218.2% \uc0c1\uc2b9), \uadf8\ub9ac\uace0 R&D(\uc808\ub300\uce58\uac00 \uac70\uc758 2\ubc30). \ud310\ub9e4 \ube44\uc6a9\uc740 \uc8fc\ub85c \uc544\ub9c8\uc874 \ud504\ub85c\ubaa8\uc158\uacfc \ud574\uc678 KOL \ub9c8\ucf00\ud305\uc5d0 \uc0ac\uc6a9 \u2014 \ud544\uc218\uc801\uc774\uc9c0\ub9cc \uce58\uc5f4\ud55c \uc2dc\uc7a5\uc5d0\uc11c \ube44\uc6a9\uc774 \ud06c\ub2e4.<\/p>\n

2025\ub144 \uc601\uc5c5\ud604\uae08\ud750\ub984\uc740 -6,398\ub9cc \uc704\uc548\uc774\uc5c8\ub2e4. \ubbf8\uad6d \uad00\uc138\uc640 \uacbd\uc7c1 \uc2ec\ud654\uc5d0 \ub300\ube44\ud574 \uc7ac\uace0\ub97c \ub300\ub7c9 \ud655\ubcf4\ud55c \uacb0\uacfc\ub85c, \uc804\ud615\uc801\uc778 “\ud604\uae08\ud750\ub984\uc73c\ub85c \uc2dc\uc7a5\uc810\uc720\uc728 \uad50\ud658” \uc804\ub7b5\uc774 \uacf5\uac1c\ud68c\uc0ac\uc758 \uc5c4\uaca9\ud55c \uc7ac\ubb34 \uac10\uc0ac \ud558\uc5d0\uc11c\ub294 \ub354 \ud070 \ub9ac\uc2a4\ud06c\ub97c \uc548\uac8c \ub41c\ub2e4.<\/p>\n

\ubc24\ubd80\ub7a9 \uc694\uc18c: \uc560\ud50c vs \uc548\ub4dc\ub85c\uc774\ub4dc<\/h2>\n

\uacf5\uc2dc\uc11c\ub958\ub294 \ud575\uc2ec \uacbd\uc7c1 \uc5ed\ud559\uc744 \ub4dc\ub7ec\ub0b8\ub2e4. \ucd5c\ub300 \uc2dc\uc7a5 \ucc38\uc5ec\uc790\uac00 40% \uc774\uc0c1\uc758 \uc810\uc720\uc728\uc744 \ubcf4\uc720\ud558\uace0 \uc788\uace0, \ub098\uba38\uc9c0 \uc0c1\uc704 5\uac1c\uc0ac\uac00 \uac01\uac01 \uc57d 10%\ub97c \ubcf4\uc720\ud55c\ub2e4\ub294 \uac83\uc774\ub2e4. \uadf8 “\ucd5c\ub300 \ucc38\uc5ec\uc790”\ub294 \ub110\ub9ac\ubc24\ubd80\ub7a9(Bambu Lab)\uc73c\ub85c \uc774\ud574\ub418\uace0 \uc788\ub2e4.<\/p>\n

\ud06c\ub9ac\uc5bc\ub9ac\ud2f0\uc758 \uae00\ub85c\ubc8c \ud504\ub9b0\ud130 GMV \uc810\uc720\uc728\uc740 2023\ub144 15.4%\uc5d0\uc11c 2025\ub144 11.2%\ub85c \ud558\ub77d\ud588\ub2e4. \ube60\uc9c4 \uc810\uc720\uc728\uc740 \ub300\ubd80\ubd84 \ubc24\ubd80\ub7a9\uc73c\ub85c \uc774\ub3d9\ud588\ub2e4. \ubc24\ubd80\ub7a9\uc758 \uc131\uacf5\uc740 “\uc560\ud50c\uc2dd \ud50c\ub808\uc774”\ub85c \uc694\uc57d\ud560 \uc218 \uc788\ub2e4 \u2014 \ud55c\ub450 \uac00\uc9c0 \ub6f0\uc5b4\ub09c \uc81c\ud488\uc73c\ub85c \uc5c5\uacc4 \ucc9c\uc7a5\uc744 \uc815\uc758\ud558\uace0, MakerWorld \uc0dd\ud0dc\uacc4\ub97c \ud1b5\ud574 \ud575\uc2ec \uc0ac\uc6a9\uc790\ub97c \uc7a0\uadf8\uace0, \ud504\ub9ac\ubbf8\uc5c4 \ube0c\ub79c\ub4dc \ucda9\uc131\ub3c4\ub97c \uad6c\ucd95\ud55c\ub2e4.<\/p>\n

\ud06c\ub9ac\uc5bc\ub9ac\ud2f0\ub294 “\uc548\ub4dc\ub85c\uc774\ub4dc\uc2dd \ud50c\ub808\uc774”\ub97c \ub530\ub974\uace0 \uc788\ub2e4 \u2014 \ub113\uc740 \uc81c\ud488 \ub9e4\ud2b8\ub9ad\uc2a4\uc640 \uae4a\uc740 \uc720\ud1b5 \ub124\ud2b8\uc6cc\ud06c\ub85c \ubaa8\ub4e0 \uac00\uaca9\ub300\ub97c \ucee4\ubc84\ud55c\ub2e4. \ub354 \ub9ce\uc740 \uc0ac\uc6a9\uc790\uac00 \ubc24\ubd80\ub7a9\uc758 “\ubc14\ubcf4 \uac19\uc740” \uc0ac\uc6a9\uc790 \uacbd\ud5d8\uc5d0 \ub04c\ub9b4 \ub54c, “\ud3ed”\uc774 “\ub0a0\uce74\ub85c\uc6c0”\uc744 \uacac\ub51c \uc218 \uc788\uc744\uc9c0\uac00 \uad00\uac74\uc774\ub2e4.<\/p>\n

\uad00\uc138\uc758 \uc678\uc904 \ud0c0\uae30<\/h2>\n

\ud06c\ub9ac\uc5bc\ub9ac\ud2f0 \ub9e4\ucd9c\uc758 \uc57d 30%\uac00 \ubbf8\uad6d \uc2dc\uc7a5\uc5d0\uc11c \ub098\uc628\ub2e4. \uc774 \uc2dc\uc7a5\uc740 \ud604\uc7ac \uc57d 40-50%\uc758 \ubcf5\ud569 \uad00\uc138\uc5d0 \uc9c1\uba74\ud574 \uc788\uc5b4 \uac00\uaca9 \uacbd\uc7c1\ub825\uc744 \ud06c\uac8c \uc57d\ud654\uc2dc\ud0a8\ub2e4. \ud68c\uc0ac\ub294 \ubca0\ud2b8\ub0a8 \uc0dd\uc0b0\uc744 \ud0d0\uad6c\ud558\uace0 \uc788\uc9c0\ub9cc, \uc911\uad6d\uc758 \uace0\ub3c4\ub85c \ucd5c\uc801\ud654\ub41c \uacf5\uae09\ub9dd\uc5d0\uc11c \ubc97\uc5b4\ub098\ub294 \uac83\uc740 \ube60\ub974\uc9c0\ub3c4 \uc27d\uc9c0\ub3c4 \uc54a\ub2e4.<\/p>\n

\ubbf8\uad6d \uc2dc\uc7a5\uc758 \ubaa8\ub4e0 \uc8fc\uc694 \ubcc0\ub3d9 \u2014 \ucd94\uac00 \uad00\uc138, \ubb34\uc5ed \uc81c\ud55c, \ub610\ub294 \ubc18\ub364\ud551 \uc870\uc0ac \u2014 \uc774 \ud06c\ub9ac\uc5bc\ub9ac\ud2f0\uc758 \ub9e4\ucd9c\uacfc \uc218\uc775\uc131\uc5d0 \uc2e4\uc9c8\uc801 \uc601\ud5a5\uc744 \ubbf8\uce60 \uc218 \uc788\ub2e4.<\/p>\n

3D \ud504\ub9b0\ud305 \uc5c5\uacc4\uc5d0 \uc758\ubbf8\ud558\ub294 \uac83<\/h2>\n

\ud06c\ub9ac\uc5bc\ub9ac\ud2f0\uc758 IPO\ub294 \ub2e8\uc21c\ud55c \uc7ac\ubb34 \uc774\ubca4\ud2b8\uac00 \uc544\ub2c8\ub2e4 \u2014 \uc18c\ube44\uc790\uc6a9 3D \ud504\ub9b0\ud305 \uc2dc\uc7a5\uc774 \uc131\uc219\ud55c \uae00\ub85c\ubc8c \uc0b0\uc5c5\uc73c\ub85c \uc790\ub9ac\uc7a1\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc8fc\ub294 \uc2e0\ud638\ub2e4. \uc911\uad6d 3D \ud504\ub9b0\ud305 \uae30\uc5c5\uc774 HKEX\uc5d0\uc11c \uc57d HK$160\uc5b5\uc744 \uc870\ub2ec\ud55c\ub2e4\ub294 \uc0ac\uc2e4 \uc790\uccb4\uac00 \uc774 \uc0b0\uc5c5\uc758 \uc7a5\uae30 \uc131\uc7a5 \uc7a0\uc7ac\ub825\uc5d0 \ub300\ud55c \ud22c\uc790\uc790\ub4e4\uc758 \uc2e0\ub8b0\ub97c \ub9d0\ud574\uc900\ub2e4.<\/p>\n

\uc5c5\uacc4 \uc804\ubc18\uc5d0 \uac78\uccd0 \uc5ec\ub7ec \ud2b8\ub80c\ub4dc\uac00 \ubd80\uc0c1\ud558\uace0 \uc788\ub2e4:<\/p>\n