证券代码：688696 证券简称：极米科技 公告编号：2025-077 根据《关于上市公司实施员工持股计划试点的指导意见》和《上海证券交易 所科创板上市公司自律监管指引第 1 号——规范运作》等法律法规的相关要求， 现将公司 2025 年员工持股计划（以下简称"本持股计划"）实施进展情况公告 如下： 截至本公告披露日，本持股计划已完成标的股票的购买，公司通过大宗交易 方式从公司回购专用证券账户买入公司股票 1,823,644 股，占公司总股本 70,000,000 股的 2.61%，成交金额为人民币 15,052.49 万元（不含佣金、过户费等 交易费用）。本持股计划所获标的股票分四期解锁，解锁时点分别为自本公告披 露之日起满 12 个月、24 个月、36 个月、48 个月，每期解锁比例分别为 25%、 25%、25%、25%，各年度实际解锁比例和数量根据公司业绩指标和持有人考核 结果计算确定。 公司将按照相关法律法规、规范性文件及业务规则的要求，及时履行后续信 息披露义务。敬请广大投资者关注相关公告，注意投资风险。 特此公告。 极米科技股份有限公司董事会 2025 年 11 月 5 日 极米科技股份有限公司 ...

Core Viewpoint - The news highlights the performance and strategic positioning of XGIMI Technology, emphasizing its growth in revenue and market presence in the smart projection industry. Company Overview - XGIMI Technology specializes in the research, production, and sales of smart projection products, along with providing related accessories and internet value-added services [7] - The company was established on November 18, 2013, and went public on March 3, 2021 [7] - The main revenue sources are from projectors and accessories (91.45%), followed by other (4.90%) and internet operations (3.66%) [7] Financial Performance - For the period from January to September 2025, XGIMI achieved a revenue of 2.327 billion RMB, reflecting a year-on-year growth of 1.99% [8] - The net profit attributable to the parent company was 79.65 million RMB, showing a significant increase of 297.49% year-on-year [8] - Cumulative cash dividends since the A-share listing amount to 400 million RMB, with 170 million RMB distributed over the past three years [9] Market Position and Strategy - As of October 31, 2024, XGIMI's game platform, operated by its wholly-owned subsidiary AladdinX, has surpassed 11 million downloads globally [2] - The company has seen a substantial increase in overseas revenue, reaching 790 million RMB in 2022, a growth of 82.04% year-on-year, with products sold primarily in Europe, Japan, and the USA [3] - XGIMI has been recognized as a "specialized and innovative" small giant enterprise, indicating its strong market position and innovation capabilities [3] Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 8,062, a rise of 34.55% [8] - The average trading cost of the stock is 117.92 RMB, with the current price near a support level of 113.86 RMB [6]

Group 1 - The core point of the news is that XGIMI Technology experienced significant trading activity on November 3, with a total of 1.22 million shares traded at a price of 82.09 yuan, reflecting a discount of 26.63% compared to the closing price [2][3] - In the last three months, XGIMI Technology has seen a total of 37 block trades, amounting to 295 million yuan [2] - The closing price of XGIMI Technology on the day of the report was 111.89 yuan, which represents an increase of 9.04%, with a turnover rate of 4.66% and a total trading volume of 352 million yuan [2] Group 2 - The latest margin financing balance for XGIMI Technology is 260 million yuan, which has increased by 13.25 million yuan over the past five days, marking a growth of 5.37% [3] - Two institutions provided ratings for XGIMI Technology in the last five days, with Huatai Securities setting the highest target price at 128.00 yuan as of October 31 [3] - XGIMI Technology was established on November 18, 2013, with a registered capital of 70 million yuan [3]

Core Viewpoint - On November 3, XGIMI Technology experienced a stock price increase of 9.04%, closing at 111.89 yuan, with two block trades totaling a volume of 1 million shares and a transaction value of 100 million yuan [1]. Group 1: Trading Activity - The first block trade occurred at a price of 82.09 yuan, involving 822,500 shares and a transaction value of 67.517 million yuan, with a discount rate of -26.63%. The buyer and seller were both from China International Capital Corporation's Chengdu Binjiang East Road Securities Office [1]. - The second block trade also took place at 82.09 yuan, involving 401,200 shares and a transaction value of 32.932 million yuan, maintaining the same discount rate of -26.63% and the same buyer and seller [1]. - Over the past three months, XGIMI Technology has recorded a total of 37 block trades, with a cumulative transaction value of 295 million yuan. In the last five trading days, the stock has risen by 4.67%, with a net inflow of 23.8407 million yuan from main funds [1].

Group 1 - The core point of the article highlights that XGIMI Technology executed a block trade of 1.2237 million shares, amounting to 100 million yuan, which accounted for 22.19% of the total trading volume on that day [1] - The transaction price was 82.09 yuan per share, representing a discount of 26.63% compared to the market closing price of 111.89 yuan [1]

Core Insights - The black home appliance sector experienced a 1.34% increase on November 3, with XGIMI Technology leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - XGIMI Technology (688696) closed at 111.89, up 9.04% with a trading volume of 32,600 lots and a transaction value of 352 million [1] - Tongzhou Electronics (002052) rose by 3.37% to 14.74, with a trading volume of 343,400 lots [1] - ST Gauss (002848) increased by 1.88% to 8.15, with a trading volume of less than 39,200 lots [1] - Sichuan Changhong (600839) and Skyworth Digital (000810) both saw a 1.47% increase, closing at 10.33 and 13.80 respectively [1] - Other notable stocks include Feichi Co. (002429) up 0.81% and Jiulian Technology (688609) up 0.49% [1] Capital Flow - The black home appliance sector saw a net inflow of 52.75 million from main funds, while retail funds experienced a net outflow of 37.64 million [1] - Main fund inflows for Sichuan Changhong were negative at -35.79 million, while XGIMI Technology had a positive inflow of 31.84 million [2] - Retail investors showed a significant outflow from XGIMI Technology, totaling -2.56 million [2]

Group 1 - The core point of the article is that XGIMI Technology conducted a block trade on October 31, with a transaction volume of 600,000 shares and a transaction amount of 50.076 million yuan, at a price of 83.46 yuan, which represents an 18.66% discount compared to the closing price of the day [1][2] - The buyer and seller of the block trade were both from China International Capital Corporation Chengdu Binjiang East Road Securities Branch [1] - In the last three months, XGIMI Technology has had a total of 36 block trades, with a cumulative transaction amount of 200 million yuan [1] Group 2 - The latest margin financing balance for XGIMI Technology is 254 million yuan, with an increase of 7.8698 million yuan over the past five days, representing a growth of 3.19% [2] - Three institutions have rated the stock in the past five days, with Huatai Securities providing the highest target price of 128.00 yuan as of October 31 [2] - XGIMI Technology was established on November 18, 2013, with a registered capital of 70 million yuan [2]

Core Insights - Shenzhen Qinglai Innovation Intelligent Technology Co., Ltd. has been established with a registered capital of 1 million yuan, focusing on information system integration services and artificial intelligence software development [2] Company Summary - The company is co-owned by XGIMI Technology and Chengdu Qinglai Innovation Enterprise Management Partnership (Limited Partnership) [2]

Core Insights - The black home appliance sector saw a rise of 0.73% on October 31, with *ST Gauss leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - *ST Gauss closed at 8.00, up 2.56% with a trading volume of 45,500 shares and a turnover of 36.18 million yuan [1] - Other notable performers include: - Chuangwei Digital: closed at 13.60, up 2.56% with a trading volume of 231,100 shares [1] - Hisense Visual: closed at 24.78, up 2.19% with a trading volume of 165,500 shares [1] - Sichuan Jiuzhou: closed at 15.32, up 1.46% with a trading volume of 151,900 shares [1] - Jiu Lian Technology: closed at 10.12, up 1.30% with a trading volume of 125,600 shares [1] - Sichuan Changhong: closed at 10.18, up 0.99% with a trading volume of 854,600 shares [1] - Other stocks showed mixed results, with some experiencing declines [1] Capital Flow - The black home appliance sector experienced a net outflow of 6.06 million yuan from institutional investors and 61.07 million yuan from retail investors, while individual investors saw a net inflow of 67.13 million yuan [1] - Notable capital flows include: - Sichuan Changhong: net inflow of 62.17 million yuan from institutional investors [2] - Hisense Visual: net inflow of 47.43 million yuan from institutional investors [2] - Chuangwei Digital: net inflow of 15.56 million yuan from institutional investors [2] - *ST Gauss: net inflow of 7.67 million yuan from institutional investors [2] - Other companies like Extreme Technology and Tongzhou Electronics saw significant net outflows from institutional investors [2]

Investment Rating - The investment rating for the company is "Outperform" (maintained) [1][6] Core Insights - The company reported a revenue of 2.327 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 2%. The net profit attributable to the parent company was 80 million yuan, marking a return to profitability [3][6] - The company is experiencing improvements in profitability, with a gross margin of 30.59% in Q3 2025, an increase of 2.54 percentage points year-on-year. The net profit margin for Q3 2025 was -1.33%, which is an improvement of 5.19 percentage points year-on-year [6] - The company is focusing on expanding its overseas market presence and has made significant progress in its automotive business, with several models already equipped with its projection products [6] Financial Data and Profit Forecast - Total revenue projections for 2025E are 3.868 billion yuan, with a year-on-year growth rate of 13.6%. The net profit forecast for 2025E is 293 million yuan, representing a year-on-year increase of 144.2% [5][6] - The company has adjusted its profit forecasts for 2025-2027, now expecting net profits of 293 million yuan, 386 million yuan, and 472 million yuan respectively, with corresponding P/E ratios of 25, 19, and 15 [6][5] - The company’s R&D expenses have increased, impacting short-term profitability but are expected to drive long-term growth in revenue and profits from its automotive and commercial projection businesses [6]