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喜多狼

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- 喜多狼喜多狼
  ·06-02
  $Rocket Lab USA, Inc.(RKLB)$ 一夜回到解放前
  443 评论
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- 喜多狼喜多狼
  ·05-29
  还最大，还27.4%，笑死人了。
  腾讯参投的创想三维抢滩港股，首日股价高开80%，但深圳3D打印四小龙排位战还未完
  消费级3D打印第一股诞生。5月29日，创想三维（03388.HK）正式登陆港交所，开盘股价报33.88港元/股，较发行价18.80港元高开80.21%，市值约158.17亿港元。截至午间收盘，股价回落至25.62港元。在前一日的暗盘交易阶段，创想三维已录得溢价超60%。
  腾讯参投的创想三维抢滩港股，首日股价高开80%，但深圳3D打印四小龙排位战还未完
  392 评论
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- 喜多狼喜多狼
  ·05-29
  $Rocket Lab USA, Inc.(RKLB)$ 新格伦爆了对她是利好。
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- 喜多狼喜多狼
  ·05-28
  $3D系统(DDD)$ 啥板块都涨过了，是不是该3D打印吃块肉了？
  575 评论
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- 喜多狼喜多狼
  ·05-28
  $Applied Aerospace & Defense(AADX)$ mark一下看看
  561 评论
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- 喜多狼喜多狼
  ·05-27
  $Figma(FIG)$ 还要看几周。
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- 喜多狼喜多狼
  ·05-27
  $Tsakos Energy Navigation Ltd(TEN)$ 拿了四个月，溜了溜了。。。
  675 评论
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- 喜多狼喜多狼
  ·05-15
  $Cerebras Systems(CBRS)$ 开始啦！
  729 评论
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- 喜多狼喜多狼
  ·05-15
  $英伟达(NVDA)$ 那边$CBRS今晚看样子也要爆！
  424 评论
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- 喜多狼喜多狼
  ·05-15
  $Cerebras Systems(CBRS)$ 有人申购到了吗？
  320 评论
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href=\"https://laohu8.com/S/RKLB\">$Rocket Lab USA, Inc.(RKLB)$&nbsp;</a> 一夜回到解放前","listText":"<a href=\"https://laohu8.com/S/RKLB\">$Rocket Lab USA, Inc.(RKLB)$&nbsp;</a> 一夜回到解放前","text":"$Rocket Lab USA, Inc.(RKLB)$ 一夜回到解放前","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/570838602620968","isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":569528075362640,"gmtCreate":1780049142619,"gmtModify":1780049780828,"author":{"id":"89418893994756","authorId":"89418893994756","name":"喜多狼","avatar":"https://static.tigerbbs.com/77537cd0e543cce09ed8f2907458c693","crmLevel":8,"crmLevelSwitch":1,"followedFlag":false,"idStr":"89418893994756","authorIdStr":"89418893994756"},"themes":[],"title":"","htmlText":"还最大，还27.4%，笑死人了。","listText":"还最大，还27.4%，笑死人了。","text":"还最大，还27.4%，笑死人了。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/569528075362640","repostId":"2639412236","repostType":2,"repost":{"id":"2639412236","kind":"news","pubTimestamp":1780034040,"share":"https://www.laohu8.com/m/news/2639412236?lang=zh_CN&edition=full","pubTime":"2026-05-29 13:54","market":"hk","language":"zh","title":"腾讯参投的创想三维抢滩港股，首日股价高开80%，但深圳3D打印四小龙排位战还未完","url":"https://stock-news.laohu8.com/highlight/detail?id=2639412236","media":"时代财经","summary":"消费级3D打印第一股诞生。5月29日，创想三维（03388.HK）正式登陆港交所，开盘股价报33.88港元/股，较发行价18.80港元高开80.21%，市值约158.17亿港元。截至午间收盘，股价回落至25.62港元。在前一日的暗盘交易阶段，创想三维已录得溢价超60%。","content":"<html><body><div>\n<p>　　消费级<span>3D打印</span><span></span>第一股诞生。</p><p>　　5月29日，<span>创想三维</span>（03388.HK）正式登陆<a href=\"https://laohu8.com/S/00388\">港交所</a>，开盘股价报33.88港元/股，较发行价18.80港元高开80.21%，市值约158.17亿港元。截至午间收盘，股价回落至25.62港元。</p><p>　　在前一日的暗盘交易阶段，<span href=\"http://quote.eastmoney.com/unify/r/116.03388\" target=\"_blank\" web=\"1\">创想三维</span>已录得溢价超60%。5月28日晚，<span href=\"http://quote.eastmoney.com/unify/r/116.03388\" target=\"_blank\" web=\"1\">创想三维</span>公布配发结果，公司全球发售7342.76万股股份，每股H股18.80港元，所得款项净额12.72亿港元。其中，香港公开发售占10%，获3829.4倍认购；国际发售占90%，获26.8倍认购。</p><p>　　这家从深圳一间20平米的办公室起步、由四位“85后”创始人一手打造的企业，早在十年前凭借平价策略，把<span href=\"http://quote.eastmoney.com/unify/r/90.BK0619\" target=\"_blank\" web=\"1\">3D打印</span>机做成了面向全球创客的消费级硬件生意，一度稳坐行业头部。</p><p>　　不过近年来，拓竹科技以黑马之势强势崛起，各路玩家扎堆入局，消费级<span href=\"http://quote.eastmoney.com/unify/r/90.BK0619\" target=\"_blank\" web=\"1\">3D打印</span>从小众极客赛道逐渐走向大众市场，行业竞争也日趋白热化。数据显示，去年“双十一”，消费级3D打印机已成为主流电商平台增长最快的数码品类之一。</p><p>　　作为老玩家的创想三维，率先站上资本市场聚光灯下，也随之迎来更严苛的审视。此次港股上市只是其新征程的开端，3D打印赛道的排位赛还远未结束。</p><p>　　四位85后撑起消费级3D打印第一股</p><p>　　创想三维的创业故事始于深圳。</p><p>　　2014年前后，3D打印尚处萌芽期，消费级赛道更是一片待开垦的蓝海。彼时这一技术对大众仍属陌生而遥远的概念，海外品牌产品定价居高不下，国产3D打印设备更是供给稀缺、选择寥寥。</p><p>　　一场寻常的3D打印展会上，陈春、敖丹军、刘辉林、唐京科四位“85后”年轻人一拍即合，决定一起创业。四人凑出约30万元启动资金，在深圳龙华区一间仅20平方米的狭小办公区里成立了创想三维，自此深耕消费级3D打印机赛道。</p><p>　　短短几年时间，这家公司凭借高性价比迅速撕开了海外市场的缺口。</p><p>　　2016年，创想三维推出CR-10打印机，以约500美元的价格切入海外市场，性能对标海外千元同类产品，迅速引发极客圈关注；2018年其推出Ender-3，进一步拉低消费级3D打印机的价格门槛，短短几个月售出超10万台，加速打开海外市场。</p><p>　　2025年8月，创想三维首次递交的港股招股书中，其援引灼识咨询的报告称，按2020年至2024年消费级3D打印机的累计出货量计，创想三维是全球最大的消费级3D打印产品及服务提供商，市场占有率为27.9%。</p><p>　　不过，伴随市场红利的爆发，行业早期的竞争格局被迅速打破。</p><p>　　近年来，全球潮玩文化风靡、农场模式兴起，叠加AI建模技术成熟普及，大幅降低了3D设计门槛，赛道热度持续飙升并吸引大量新玩家涌入。</p><p>　　同样起步于深圳的拓竹科技，2022年5月推出首款旗舰产品Bambu Lab X1“一战成名”，凭借在打印速度、精度和易用性上的优化升级，以及贴合市场的极致性价比策略，对行业原有格局形成不小冲击。</p><p>　　此外，与创想三维同期起步的深圳企业纵维立方、智能派亦步步紧逼；<span><a href=\"https://laohu8.com/S/300866\">安克创新</a></span><span></span>、追觅科技等跨界玩家携供应链优势入局，进一步加剧行业竞争态势。</p><p>　　灼识咨询数据显示，2025年，全球消费级3D打印市场已形成“一超多强”格局。按GMV统计，拓竹科技以42.7%的市占率跃居榜首，创想三维以11.2%的市占率位居第二，略高于同称为“深圳3D打印四小龙”的纵维立方和智能派。</p><p>　　激烈的市场角逐，也同步点燃了资本市场的热情。</p><p>　　投中嘉川CVSource数据显示，仅2025年，共有81家3D打印公司获得超100次融资，总额约84亿元，较2024年的39亿元暴增115.4%，融资规模创<span>历史新高</span><span></span>。</p><p>　　头部企业加速推进资本化布局。2025年8月，仅完成一轮外部融资的创想三维率先冲刺二级市场；同年11月，大疆以数亿元战略投资智能派；12月，快造科技完成由高瓴、<a href=\"https://laohu8.com/S/MPNGY\">美团</a>联合领投的数亿元B轮融资；今年4月，智能派再获超5亿元B+轮融资，<a href=\"https://laohu8.com/S/03690\">美团</a>、深<span>创投</span><span></span>、高瓴等知名资本悉数入局，行业热度持续高涨。</p><p>　　以率先冲刺港股IPO的创想三维为例，其背后资本阵容颇为<span><a href=\"https://laohu8.com/S/DLX\">豪华</a></span><span></span>。</p><p>　　据招股书披露，截至最后实际可行日期，创想三维创始人团队合计持股82%，保持绝对控股地位；前海FOF为最大机构股东，持股5.8%；深<span href=\"http://quote.eastmoney.com/unify/r/90.BK0506\" target=\"_blank\" web=\"1\">创投</span>相关主体持股4.4%，<a href=\"https://laohu8.com/S/00700\">腾讯</a><span href=\"http://quote.eastmoney.com/unify/r/90.BK0506\" target=\"_blank\" web=\"1\">创投</span>持股2.2%。</p><p>　　此次IPO，创想三维还吸引了泰康人寿、中信<a href=\"https://laohu8.com/S/002674\">兴业</a>国际、CPE Greater China、Jump Trading等15家基石投资者，合计认购总金额约8800万美元（约6.89亿港元）。</p><p>　　营收突破31亿元，盈利能力却承压</p><p>　　资本市场的青睐，往往伴随着更严苛的业绩考验。</p><p>　　深耕行业十年，创想三维目前已形成覆盖3D打印机、3D打印耗材、3D扫描仪、激光雕刻机及配件的产品<a href=\"https://laohu8.com/S/301365\">矩阵</a>，并依托创想云平台提供内容服务。</p><p>　　从营收规模看，随着行业持续扩容，创想三维保持着强劲增长势头。2023年至2025年，公司收入分别为18.83亿元、22.88亿元和31.27亿元，逐年稳步攀升，2025年同比增速达36.7%。</p><p>　　其中海外市场是核心增长动力，2025年，来自北美和欧洲的收入分别同比增长63.7%和41.9%至10.07亿元、7.85亿元，合计贡献占比57.3%。</p><p>　　但营收规模一路走高的同时，创想三维的利润表现却未同步跟上。2023年至2024年，该公司年度利润从1.29亿元降至0.89亿元，2025年更是录得1.82亿元亏损。公司在招股书中解释，亏损主要受当年向首次公开发售前投资者发行股份及派付股息共计2.40亿元。</p><p>　　时代财经注意到，创想三维上市前分红力度较大。招股书披露，2021年公司曾宣派现金股息1.95亿元，并在2021年至2023年陆续支付；2025年5月首次递表前数月，公司再度向A轮投资者宣派约8135.70万元现金股息并于7月结付。</p><p>　　不过，若剔除分红等相关一次性影响，创想三维2025年的经调整净利润约为9238.5万元，仍低于2023年、2024年水平。</p><p>　　结合招股书披露的财务数据来看，费用快速扩张亦是利润被挤压的一大因素。2025年，创想三维销售及营销开支、研发开支分别同比增长48.8%、49.2%至5.70亿元、2.22亿元，增速显著高于36.7%的营收增速。</p><p>　　值得注意的是，<span>知识产权</span><span></span>风险亦成为悬在消费级3D打印行业头上的“达摩克利斯之剑”。</p><p>　　过去，3D打印行业竞争核心聚焦硬件性价比，如今已逐渐转向内容生态。创想三维在招股书中提到，3D模型的数量、质量及多样性是留住现有客户或吸引新客户的能力之一。创想三维的募资用途亦指向“<span>AI应用</span><span></span>+软硬件生态”，如其中约30%用于研发投资以保持技术创新，约25%用于海外用户运营及创想云、Nexbie平台建设。</p><p>　　但内容生态扩张的同时，版权纠纷风险随之激增。</p><p>　　近一年来，行业版权矛盾已多次公开爆发。2025年10月，拓竹科技旗下模型社区MakerWorld曾发布声明，对创想三维旗下Creality Cloud、纵维立方旗下MakerOnline等平台采取法律行动，指称相关平台存在搬运独家模型、违反“禁止商用和二次创作”等授权条款等行为。</p><p>　　今年2月，拓竹自身也因旗下平台出现大量未经授权的<span><a href=\"https://laohu8.com/S/09992\">泡泡玛特</a></span>IP打印数据模型而陷入争议，加速暴露了行业内容与版权平衡的痛点。</p><p>　　就在此次创想三维上市前夕，香港投资者权益关注组曾公开呼吁港交所暂停创想三维IPO，质疑公司招股书中对涉及<span href=\"http://quote.eastmoney.com/unify/r/90.BK0839\" target=\"_blank\" web=\"1\">知识产权</span>诉讼的披露不足和不及时。</p><p>　　此次登陆资本市场，创想三维迎来的既是更广阔的市场，也是更白热化的竞争战场。</p><p>　　从打造性价比爆款到“全球消费级3D打印第一股”后，创想三维仍需用业绩证明，它不只是深圳3D打印浪潮中的早期赢家，更能在新一轮激烈角逐中稳住位次。</p><p>（文章来源：时代财经）</p> </div></body></html>","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>腾讯参投的创想三维抢滩港股，首日股价高开80%，但深圳3D打印四小龙排位战还未完</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n腾讯参投的创想三维抢滩港股，首日股价高开80%，但深圳3D打印四小龙排位战还未完\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-29 13:54 北京时间&nbsp;&nbsp;&nbsp;<a href=http://finance.eastmoney.com/a/202605293754305010.html><strong>时代财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>消费级3D打印第一股诞生。　　5月29日，创想三维（03388.HK）正式登陆港交所，开盘股价报33.88港元/股，较发行价18.80港元高开80.21%，市值约158.17亿港元。截至午间收盘，股价回落至25.62港元。　　在前一日的暗盘交易阶段，创想三维已录得溢价超60%。5月28日晚，创想三维公布配发结果，公司全球发售7342.76万股股份，每股H股18.80港元，所得款项净额12.72...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202605293754305010.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03388":"创想三维"},"source_url":"http://finance.eastmoney.com/a/202605293754305010.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2639412236","content_text":"消费级3D打印第一股诞生。　　5月29日，创想三维（03388.HK）正式登陆港交所，开盘股价报33.88港元/股，较发行价18.80港元高开80.21%，市值约158.17亿港元。截至午间收盘，股价回落至25.62港元。　　在前一日的暗盘交易阶段，创想三维已录得溢价超60%。5月28日晚，创想三维公布配发结果，公司全球发售7342.76万股股份，每股H股18.80港元，所得款项净额12.72亿港元。其中，香港公开发售占10%，获3829.4倍认购；国际发售占90%，获26.8倍认购。　　这家从深圳一间20平米的办公室起步、由四位“85后”创始人一手打造的企业，早在十年前凭借平价策略，把3D打印机做成了面向全球创客的消费级硬件生意，一度稳坐行业头部。　　不过近年来，拓竹科技以黑马之势强势崛起，各路玩家扎堆入局，消费级3D打印从小众极客赛道逐渐走向大众市场，行业竞争也日趋白热化。数据显示，去年“双十一”，消费级3D打印机已成为主流电商平台增长最快的数码品类之一。　　作为老玩家的创想三维，率先站上资本市场聚光灯下，也随之迎来更严苛的审视。此次港股上市只是其新征程的开端，3D打印赛道的排位赛还远未结束。　　四位85后撑起消费级3D打印第一股　　创想三维的创业故事始于深圳。　　2014年前后，3D打印尚处萌芽期，消费级赛道更是一片待开垦的蓝海。彼时这一技术对大众仍属陌生而遥远的概念，海外品牌产品定价居高不下，国产3D打印设备更是供给稀缺、选择寥寥。　　一场寻常的3D打印展会上，陈春、敖丹军、刘辉林、唐京科四位“85后”年轻人一拍即合，决定一起创业。四人凑出约30万元启动资金，在深圳龙华区一间仅20平方米的狭小办公区里成立了创想三维，自此深耕消费级3D打印机赛道。　　短短几年时间，这家公司凭借高性价比迅速撕开了海外市场的缺口。　　2016年，创想三维推出CR-10打印机，以约500美元的价格切入海外市场，性能对标海外千元同类产品，迅速引发极客圈关注；2018年其推出Ender-3，进一步拉低消费级3D打印机的价格门槛，短短几个月售出超10万台，加速打开海外市场。　　2025年8月，创想三维首次递交的港股招股书中，其援引灼识咨询的报告称，按2020年至2024年消费级3D打印机的累计出货量计，创想三维是全球最大的消费级3D打印产品及服务提供商，市场占有率为27.9%。　　不过，伴随市场红利的爆发，行业早期的竞争格局被迅速打破。　　近年来，全球潮玩文化风靡、农场模式兴起，叠加AI建模技术成熟普及，大幅降低了3D设计门槛，赛道热度持续飙升并吸引大量新玩家涌入。　　同样起步于深圳的拓竹科技，2022年5月推出首款旗舰产品Bambu Lab X1“一战成名”，凭借在打印速度、精度和易用性上的优化升级，以及贴合市场的极致性价比策略，对行业原有格局形成不小冲击。　　此外，与创想三维同期起步的深圳企业纵维立方、智能派亦步步紧逼；安克创新、追觅科技等跨界玩家携供应链优势入局，进一步加剧行业竞争态势。　　灼识咨询数据显示，2025年，全球消费级3D打印市场已形成“一超多强”格局。按GMV统计，拓竹科技以42.7%的市占率跃居榜首，创想三维以11.2%的市占率位居第二，略高于同称为“深圳3D打印四小龙”的纵维立方和智能派。　　激烈的市场角逐，也同步点燃了资本市场的热情。　　投中嘉川CVSource数据显示，仅2025年，共有81家3D打印公司获得超100次融资，总额约84亿元，较2024年的39亿元暴增115.4%，融资规模创历史新高。　　头部企业加速推进资本化布局。2025年8月，仅完成一轮外部融资的创想三维率先冲刺二级市场；同年11月，大疆以数亿元战略投资智能派；12月，快造科技完成由高瓴、美团联合领投的数亿元B轮融资；今年4月，智能派再获超5亿元B+轮融资，美团、深创投、高瓴等知名资本悉数入局，行业热度持续高涨。　　以率先冲刺港股IPO的创想三维为例，其背后资本阵容颇为豪华。　　据招股书披露，截至最后实际可行日期，创想三维创始人团队合计持股82%，保持绝对控股地位；前海FOF为最大机构股东，持股5.8%；深创投相关主体持股4.4%，腾讯创投持股2.2%。　　此次IPO，创想三维还吸引了泰康人寿、中信兴业国际、CPE Greater China、Jump Trading等15家基石投资者，合计认购总金额约8800万美元（约6.89亿港元）。　　营收突破31亿元，盈利能力却承压　　资本市场的青睐，往往伴随着更严苛的业绩考验。　　深耕行业十年，创想三维目前已形成覆盖3D打印机、3D打印耗材、3D扫描仪、激光雕刻机及配件的产品矩阵，并依托创想云平台提供内容服务。　　从营收规模看，随着行业持续扩容，创想三维保持着强劲增长势头。2023年至2025年，公司收入分别为18.83亿元、22.88亿元和31.27亿元，逐年稳步攀升，2025年同比增速达36.7%。　　其中海外市场是核心增长动力，2025年，来自北美和欧洲的收入分别同比增长63.7%和41.9%至10.07亿元、7.85亿元，合计贡献占比57.3%。　　但营收规模一路走高的同时，创想三维的利润表现却未同步跟上。2023年至2024年，该公司年度利润从1.29亿元降至0.89亿元，2025年更是录得1.82亿元亏损。公司在招股书中解释，亏损主要受当年向首次公开发售前投资者发行股份及派付股息共计2.40亿元。　　时代财经注意到，创想三维上市前分红力度较大。招股书披露，2021年公司曾宣派现金股息1.95亿元，并在2021年至2023年陆续支付；2025年5月首次递表前数月，公司再度向A轮投资者宣派约8135.70万元现金股息并于7月结付。　　不过，若剔除分红等相关一次性影响，创想三维2025年的经调整净利润约为9238.5万元，仍低于2023年、2024年水平。　　结合招股书披露的财务数据来看，费用快速扩张亦是利润被挤压的一大因素。2025年，创想三维销售及营销开支、研发开支分别同比增长48.8%、49.2%至5.70亿元、2.22亿元，增速显著高于36.7%的营收增速。　　值得注意的是，知识产权风险亦成为悬在消费级3D打印行业头上的“达摩克利斯之剑”。　　过去，3D打印行业竞争核心聚焦硬件性价比，如今已逐渐转向内容生态。创想三维在招股书中提到，3D模型的数量、质量及多样性是留住现有客户或吸引新客户的能力之一。创想三维的募资用途亦指向“AI应用+软硬件生态”，如其中约30%用于研发投资以保持技术创新，约25%用于海外用户运营及创想云、Nexbie平台建设。　　但内容生态扩张的同时，版权纠纷风险随之激增。　　近一年来，行业版权矛盾已多次公开爆发。2025年10月，拓竹科技旗下模型社区MakerWorld曾发布声明，对创想三维旗下Creality 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