Core Viewpoint - XGIMI Technology has submitted a listing application to the Hong Kong Stock Exchange, with CICC serving as the sole sponsor [1] Group 1: Company Overview - XGIMI Technology is a leading developer, manufacturer, and seller of consumer-grade, automotive-grade, and engineering-grade smart projection products in China [1] - According to Frost & Sullivan, XGIMI is the world's largest consumer-grade projection brand based on revenue projections for 2024 [1] Group 2: Market Position - XGIMI has maintained the top sales position in China's projection industry for seven consecutive years since 2018 and has been the domestic revenue champion for five years since 2020 [1] - The company has core advantages in optical engine self-research, Eagle Eye computational optics, and GMUI interactive experience, which are applied to automotive-grade and engineering-grade products [1] Group 3: Business Expansion - The automotive projection business has achieved mass production and delivery, becoming the company's second growth engine [1] - XGIMI has expanded its business to over 100 countries and regions, including Europe, North America, Japan, and Australia [1]

Investment Progress - The company has completed the registration of its investment in the private equity fund, acquiring a 19.34% stake in the partnership for a total commitment of RMB 200 million, with an initial payment of RMB 23.116712 million [2][3] - The private equity fund, named Zhongjin Emerging Private Equity Investment Fund (Qingdao) Partnership, was established on December 21, 2017, with a total capital contribution of RMB 1.034 billion [3] H-share Issuance - The company submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange on September 29, 2025, with the application materials published on the exchange's website [5][6] - The issuance is limited to qualified overseas investors and domestic qualified investors under Chinese laws, and the company will not publish the application materials on domestic exchanges [6][7]

Core Viewpoint - Company X has submitted an application for overseas share issuance (H-shares) and listing on the Hong Kong Stock Exchange, marking a significant step in its expansion strategy [1] Company Overview - Company X, established in 2013 and headquartered in Chengdu, Sichuan, specializes in smart projection and laser television [1] - The company received strategic investment from Baidu on March 12, 2018 [1] - Its product range includes home projectors, smart cockpits, and smart headlights, with several models from clients like Seres, JAC, and BAIC featuring the company's rear-seat projection products [1] - Company X was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on March 3, 2021 [1] Financial Performance - In the first half of 2025, Company X achieved operating revenue of 1.626 billion yuan, representing a year-on-year increase of 1.63% [1] - The net profit attributable to shareholders reached 88.6622 million yuan, showing a substantial year-on-year growth of 2062.34% [1] - The basic earnings per share stood at 1.31 yuan per share [1]

Core Insights - XGIMI Technology is focused on the research, production, and sales of various consumer-grade, automotive-grade, and engineering-grade smart projection products, with a global presence in over 100 countries and regions, and more than 6,000 offline points of sale [4] - The company has maintained its position as the top seller in China's projection industry for seven consecutive years since 2018 and has been the revenue leader in the domestic market for five years, holding approximately 30.2% market share in 2024 [4] - XGIMI has developed a strong capability base in optical technology and user interaction, allowing it to expand its product offerings to higher-demand automotive and engineering-grade projection products, with its automotive projection business already in mass production [4] Business Model - In China, XGIMI provides internet value-added services through its GMUI platform, allowing customers to access audio-visual content and various applications, sharing a portion of user payments with application developers [5] - Internationally, XGIMI collaborates with game developers to distribute games on third-party platforms and shares revenue according to pre-agreed ratios, also partnering with streaming platforms to facilitate access for overseas users [5] Financial Performance - For the fiscal years 2022 to 2025, XGIMI's revenues were approximately CNY 42.20 billion, CNY 35.52 billion, CNY 34.00 billion, and CNY 16.23 billion respectively, with net profits of CNY 5.01 billion, CNY 1.20 billion, CNY 1.20 billion, and CNY 0.88 billion [5] - The gross profit margin has shown fluctuations, with gross profits of CNY 1.48 billion (35.0%), CNY 1.06 billion (29.8%), CNY 1.03 billion (30.3%), and CNY 445.51 million (27.9%) over the same periods [8]

Core Points - The company, XGIMI Technology, announced the approval of a proposal to acquire a 19.34% stake in a partnership from Holguos Meicong Information Technology Co., Ltd. for a total investment of RMB 20 million [2] - The company will use its own funds amounting to RMB 23.116712 million to purchase the stake, with RMB 2 million already paid and the remaining RMB 18 million to be fulfilled as per the partnership agreement [2] - The registration of the partnership has been completed as of the date of the announcement [2]

Core Viewpoint - The company, XGIMI Technology (688696.SH), has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange on September 29, 2025 [1] Group 1 - The application was submitted to the Hong Kong Stock Exchange and is in accordance with the requirements of the Hong Kong Securities and Futures Commission [1] - The application materials have been published on the Hong Kong Stock Exchange's website and are subject to updates and changes [1]

Core Viewpoint - XGIMI Technology (688696.SH) has submitted an application for issuing H-shares and listing on the Hong Kong Stock Exchange on September 29, 2025 [1] Group 1 - The application was filed with the Hong Kong Stock Exchange and includes necessary documentation as per the requirements of the Hong Kong Securities and Futures Commission [1] - The submitted materials are in draft form and may be updated or changed as necessary [1]

Core Viewpoint - XGIMI Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the exclusive sponsor, positioning itself as a leader in the global projection industry, particularly in the consumer-grade segment [1] Group 1: Company Overview - XGIMI is recognized as the world's largest consumer-grade projection brand based on projected revenue for 2024, with operations in over 100 countries and regions, and a cumulative shipment of over 7 million projection devices [1] - The company has maintained its position as the top seller in China's projection industry for seven consecutive years since 2018 and has been the revenue leader domestically for five years since 2020, holding a market share of approximately 30.2% in the mid-to-high-end projection sector for 2024 [1][2] Group 2: Product and Technology - XGIMI has established itself as an innovation benchmark in smart projection products, leveraging its core advantages in optical technology and user experience to expand its product offerings from consumer-grade to automotive and engineering-grade projections [2] - The automotive projection business has achieved mass production and delivery, being adopted by leading manufacturers such as Seres, JAC Motors, and BAIC for various new energy vehicle models, serving as a second growth engine for the company [2] Group 3: Financial Performance - The company's revenue for the years 2022, 2023, and 2024, along with the first half of 2025, were RMB 4.22 billion, RMB 3.55 billion, RMB 3.40 billion, RMB 1.60 billion, and RMB 1.62 billion respectively, with corresponding gross profits of RMB 1.47 billion, RMB 1.06 billion, RMB 1.03 billion, RMB 440 million, and RMB 521 million [3] - The company plans to use the proceeds from the financing for global brand and product marketing, enhancing R&D capabilities, and general corporate purposes [3] Group 4: Production Capacity - XGIMI operates two production bases: the Yibin base with an annual design capacity of 1.26 million units and a utilization rate of 96.0% in 2022, and the Vietnam base with a design capacity of approximately 500,000 units, expected to commence operations in August 2025 [2]

Core Viewpoint - XGIMI Technology has submitted an application for listing on the Hong Kong Stock Exchange, positioning itself as the world's largest consumer-grade projection brand based on revenue projections for 2024 [1] Group 1: Company Overview - XGIMI Technology focuses on the research, production, and sales of various consumer-grade, automotive-grade, and engineering-grade smart projection products [1] - The company has a global presence, covering over 100 countries and regions, with more than 6,000 offline locations and cumulative shipment of over 7 million projection devices [1] - XGIMI has maintained its position as the top seller in China's projection industry for seven consecutive years since 2018 and has been the revenue leader in the domestic market for five years since 2020, holding a market share of approximately 30.2% in the mid-to-high-end projection sector for 2024 [1] Group 2: Business Expansion and Services - Leveraging its core advantages in optical technology and user interface, XGIMI is expanding its product offerings from consumer-grade to automotive and engineering-grade products, with its automotive projection business already in mass production and being utilized by leading automotive manufacturers [2] - In China, XGIMI provides internet value-added services through its GMUI platform, allowing customers to access audio-visual content and various applications, sharing revenue with application developers [2] - In international markets, XGIMI collaborates with game developers to distribute applications on third-party platforms and partners with streaming services to enable users to access content without additional downloads [2] Group 3: Financial Performance - For the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, XGIMI's revenues were approximately 4.22 billion, 3.55 billion, 3.40 billion, and 1.62 billion RMB respectively, with corresponding profits of about 501 million, 120 million, 120 million, and 88 million RMB [3]

Core Viewpoint - XGIMI Technology is a leading player in the projection industry, focusing on the development, production, and sales of various smart projection products across multiple sectors, including consumer, automotive, and engineering applications [3]. Group 1: Business Overview - XGIMI Technology has a global presence, operating in over 100 countries and regions, with more than 6,000 offline points and cumulative shipment of over 7 million projection devices [3]. - The company has maintained its position as the top seller in China's projection industry for seven consecutive years since 2018 and has been the revenue leader in the domestic market for five years since 2020, holding approximately 30.2% market share in the mid-to-high-end projection sector for 2024 [3]. Group 2: Product Development and Innovation - XGIMI Technology leverages its core advantages in optical technology, Eagle Eye optical computing, and GMUI interactive experience to expand its product offerings from consumer-grade to automotive and engineering-grade projection products [3]. - The automotive projection business focuses on in-car audio-visual projection and smart car light projection, which has already achieved mass production and delivery, being utilized by leading automotive manufacturers such as Seres, JAC Motors, and BAIC in various new energy vehicle models [3]. Group 3: Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the first half of 2025 was approximately CNY 4.22 billion, CNY 3.55 billion, CNY 3.40 billion, and CNY 1.62 billion respectively [4]. - Profit figures for the same periods were approximately CNY 501 million, CNY 120 million, CNY 120 million, and CNY 88 million [4]. - The gross profit margin has shown fluctuations, with 35.0% in 2022, decreasing to 29.8% in 2023, and then slightly recovering to 30.3% in 2024 [7].