Investment Rating - The investment rating for the company is "Buy" and it is maintained [8] Core Views - The company has announced a significant improvement in its performance, with a projected revenue of 1.626 billion yuan for the first half of 2025, representing a year-on-year growth of 1.63%. The net profit attributable to the parent company is expected to reach 88.6622 million yuan, a substantial increase of 2062.33% [2][5] - In the second quarter, the company achieved a revenue of 816 million yuan, reflecting a year-on-year growth of 5.40%, and a net profit of 26.0231 million yuan, marking a significant turnaround from losses [2][5] - The domestic smart projection market has seen a slight decline, but the company has maintained its market share and is actively pursuing product upgrades, overseas market expansion, and broadening application scenarios [11] Summary by Sections Company Performance - The company reported a net profit margin increase, with the first quarter showing a year-on-year increase of 337.45% and the second quarter showing a significant turnaround [11] - The company continues to implement a strategy focused on research and development innovation and supply chain efficiency, which has led to improved resource allocation and cost control [11] Product and Market Strategy - The company has launched several new products, including the portable projector Play6 and the home flagship RS 20 series, reinforcing its competitive position in both entry-level and mid-to-high-end markets [11] - The company is expanding its overseas market presence, with products entering major offline channels in Europe, North America, Japan, and Australia [11] - The company is also diversifying its application scenarios, including smart cockpit and smart lighting, with products already in production for various automotive clients [11] Financial Projections - The company expects net profits for 2025, 2026, and 2027 to be 318 million yuan, 488 million yuan, and 506 million yuan respectively, with corresponding price-to-earnings ratios of 24.52, 16.02, and 15.45 [11]

Core Viewpoint - Several listed companies in the Shanghai and Shenzhen markets announced significant updates, including plans for H-share issuance, executive resignations, and financial performance reports. Group 1: Corporate Announcements - XGIMI Technology is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange, with details still under discussion [2] - China Merchants Bank's Vice President Wang Xiaoqing resigned for work-related reasons, effective August 4, 2025 [3] - *ST Huaron announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [4] - *ST Yuancheng's independent director is under investigation for serious violations, but this will not impact the company's operations [6] Group 2: Financial Performance - CATL has repurchased 6.641 million shares for a total amount of 1.551 billion yuan, representing 0.1508% of its total A-share capital [5] - ChipLink Integrated reported a net loss of 170 million yuan in the first half of 2025, an improvement from a loss of 471 million yuan in the same period last year, with revenue increasing by 21.38% [13] - Liaoning Port's net profit for the first half of 2025 increased by 110.78% year-on-year, reaching 956 million yuan [14] - Howey Group expects a net profit increase of 39.43% to 49.67% for the first half of 2025, driven by growth in its image sensor products [15] Group 3: Market Reactions - Daying Electronics clarified that its electronic skin products currently have no customers or revenue, while it does have income from humanoid robot-related businesses [7] - Zhongma Transmission stated that its electric vehicle reducers do not involve robot-related businesses, despite market speculation [8] - Longyang Electronics reported that its HVLP copper foil products are still in the verification stage and have not generated revenue [9][10] Group 4: Regulatory Changes - Xichang Electric announced it will implement a low valley electricity price policy starting September 1, 2025, which is expected to reduce its net profit by approximately 5.55 million yuan [11] - Leshan Electric also plans to execute a low valley electricity price policy from September 1, 2025, with an estimated revenue reduction of about 16.6 million yuan [12] Group 5: Shareholding Changes - Nanjing Bank's shareholder Nanjing High-Tech increased its stake to 9% by acquiring 7.5077 million shares between July 24 and August 4, 2025 [16]

公告指出，待确定具体方案后，本次发行 H 股并上市尚需提交公司董事会和股东会审议，并需取得中 国证券监督管理委员会、香港联交所和香港证券及期货事务监察委员会等相关政府机构、监管机构备 案、批准或核准。 2025年8月4日，极米科技(688696.SH)公告称，公司正在筹划发行境外上市股份（H 股）并申请在香港 联交所主板挂牌上市。截至目前，公司正与相关中介机构就本次发行 H 股并上市的相关工作进行商 讨，关于本次发行H股并上市的细节尚未确定。 ...

证券代码：688696 证券简称：极米科技 公告编号：2025-046 2025 年 8 月 5 日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 极米科技股份有限公司（以下简称"公司"）为满足公司国际化战略及海外 业务布局需要，提升公司国际品牌知名度，增强公司综合竞争力，正在筹划发行 境外上市股份（H 股）并申请在香港联合交易所有限公司（以下简称"香港联交 所"）主板挂牌上市（以下简称"本次发行 H 股并上市"）。截至目前，公司 正与相关中介机构就本次发行 H 股并上市的相关工作进行商讨，关于本次发行 H 股并上市的细节尚未确定。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易 所科创板股票上市规则》《境内企业境外发行证券和上市管理试行办法》《香港 联合交易所有限公司证券上市规则》以及中国香港法律对在中国境内注册成立的 发行人在香港发行股票并上市的有关规定等法律、法规和规范性文件的要求，待 确定具体方案后，本次发行 H 股并上市尚需提交公司董事会和股东会审议，并 需取得中国证券监督管理委员会、香港联 ...

Group 1 - The company, XGIMI Technology, is planning to issue overseas listed shares (H-shares) to enhance its international brand recognition and competitiveness [1] - The company is currently in discussions with relevant intermediaries regarding the issuance and listing of H-shares on the Hong Kong Stock Exchange [1] - Details regarding the issuance and listing of H-shares have not yet been finalized [1]

人民财讯8月4日电，极米科技(688696)8月4日晚间公告，公司正在筹划发行境外上市股份(H股)并申请 在香港联交所主板挂牌上市。截至目前，公司正与相关中介机构就本次发行H股并上市的相关工作进行 商讨，关于本次发行H股并上市的细节尚未确定。 ...

极米科技：公司正筹划发行H股股票并在香港联交所上市。 ...

智通财经APP讯，极米科技(688696.SH)发布公告，为满足公司国际化战略及海外业务布局需要，提升 公司国际品牌知名度，增强公司综合竞争力，正在筹划发行境外上市股份(H股)并申请在香港联合交易 所有限公司(简称"香港联交所")主板挂牌上市(简称"本次发行H股并上市")。截至目前，公司正与相关中 介机构就本次发行H股并上市的相关工作进行商讨，关于本次发行H股并上市的细节尚未确定。 ...

极米科技(688696.SH)发布公告，为满足公司国际化战略及海外业务布局需要，提升公司国际品牌知名 度，增强公司综合竞争力，正在筹划发行境外上市股份(H股)并申请在香港联合交易所有限公司(简 称"香港联交所")主板挂牌上市(简称"本次发行H股并上市")。截至目前，公司正与相关中介机构就本次 发行H股并上市的相关工作进行商讨，关于本次发行H股并上市的细节尚未确定。 ...

Core Viewpoint - The financing data for XGIMI Technology indicates a net financing inflow of 14.91 million yuan last week, ranking 485th in the market, with a total financing amount of 100 million yuan and repayment of 85.22 million yuan [1] Group 1: Financial Performance - XGIMI Technology's main capital inflow over the past five days was 36.20 million yuan, with a price increase of 3.27% during this period [1] - Over the last ten days, the main capital outflow was 14.89 million yuan, resulting in a price decrease of 0.95% [1] Group 2: Company Overview - XGIMI Technology Co., Ltd. was established in 2013 and is located in Chengdu, primarily engaged in the manufacturing of computers, communications, and other electronic devices [1] - The company has a registered capital of 70 million yuan and has fully paid this amount [1] - The legal representative of the company is Zhong Bo [1] Group 3: Investment and Intellectual Property - XGIMI Technology has invested in 15 companies and participated in 105 bidding projects [1] - The company holds 229 trademark registrations and 1,039 patents, along with 18 administrative licenses [1]