证券代码：688696 证券简称：极米科技 公告编号：2025-080 （一） 股东会召开的时间：2025 年 11 月 17 日 （二） 股东会召开的地点：公司会议室（成都市高新区天府软件园 A 区 4 栋） （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： 极米科技股份有限公司 2025年第二次临时股东会决议公告 本公司董事会及全体董事保证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。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 136 | | --- | --- | | 普通股股东人数 | 136 | | 2、出席会议的股东所持有的表决权数量 | 19,961,293 | | 普通股股东所持有表决权数量 | 19,961,293 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 29.0958 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 29.0958 | （四） 表 ...

Market Overview - The black home appliance sector experienced a slight decline of 0.01% on November 17, with the overall Shanghai Composite Index closing at 3972.03, down 0.46% [1] - The Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Key stocks in the black home appliance sector showed mixed performance, with JiMi Technology leading the decline at 2.55%, closing at 115.49 [1] - Other notable performers included: - JiuLian Technology: +2.57%, closing at 10.37 [1] - Sichuan Changhong: +1.41%, closing at 10.06 [1] - Chuangwei Digital: +0.98%, closing at 12.32 [1] - The trading volume and turnover for major stocks were significant, with Sichuan Changhong achieving a turnover of 9.51 billion [1] Capital Flow - The black home appliance sector saw a net outflow of 8.67 million from institutional investors and 56.53 million from retail investors, while retail investors had a net inflow of 65.21 million [1] - Detailed capital flow for specific stocks included: - Sichuan Changhong: Net inflow of 92.06 million from institutional investors, but a net outflow of 39.68 million from retail investors [2] - JiMi Technology: Net outflow of 62.86 million from institutional investors, with a net inflow of 20.23 million from retail investors [2] - Other stocks like Sichuan Jiuzhou and HaiXin Vision also experienced significant net outflows from institutional investors [2]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company achieved a revenue of 2.327 billion yuan in the first three quarters of 2025, representing a year-on-year growth of 1.99%. The net profit attributable to the parent company was 80 million yuan, with a non-recurring net profit of 61 million yuan. In Q3 2025, the company reported a revenue of 701 million yuan, a year-on-year increase of 2.86%, but a net loss of 9.01 million yuan [4][6]. - Despite a downturn in the home projector industry, the company demonstrated resilient revenue growth. The smart projector market in China saw a decline in sales volume by 11.5% year-on-year in Q3 2025 [7]. - The company's gross margin improved to 32.47% in the first three quarters of 2025, an increase of 3.70 percentage points year-on-year. The gross margin for Q3 2025 was 30.59%, up 2.54 percentage points year-on-year. The company maintained high R&D investment levels, with R&D expenses accounting for 12.73% of revenue in the first three quarters [7][8]. - The company is focusing on technological innovation and product development to strengthen its competitive advantage, with plans to expand into overseas markets where growth potential is increasing [7]. Summary by Sections Financial Performance - In the first three quarters of 2025, the company reported total revenue of 2.327 billion yuan, a 1.99% increase year-on-year. The net profit attributable to the parent company was 80 million yuan, while the non-recurring net profit was 61 million yuan. In Q3 2025, revenue was 701 million yuan, up 2.86% year-on-year, but the company faced a net loss of 9.01 million yuan [4][6]. - The gross margin for the first three quarters was 32.47%, an increase of 3.70 percentage points year-on-year, while Q3 gross margin was 30.59%, up 2.54 percentage points year-on-year [7]. Market Context - The smart projector market in China experienced a decline in sales volume by 11.5% year-on-year in Q3 2025, indicating a challenging market environment [7]. - The company is positioned as a leader in the smart projector industry, leveraging technological and product innovations to maintain its market position [7]. Future Outlook - The company aims to enhance its brand influence through diversified marketing strategies and is looking to expand its presence in overseas markets, which are still in the early stages of adopting home smart projectors [7]. - The company anticipates continued growth in its automotive business, which is expected to contribute positively to overall performance [7].

Industry Overview - The projector industry can be categorized by light source type (laser, LED, bulb, and hybrid), display technology (DLP, LCD, LCOS, CRT), and intelligence (smart and non-smart projectors) [1] - The industry chain consists of three main segments: upstream (components supply), midstream (manufacturing), and downstream (application and sales channels) [3][6] Industry Development - The projector industry in China has evolved through several phases since its inception around 1998, currently entering a prosperous period characterized by diverse product offerings and advanced production technologies [8] Policy Support - Government initiatives such as "Made in China 2025" and "Cultural Power" have significantly boosted the projector industry, leading to technological upgrades and collaborative development across the supply chain [10] - Various policies have been introduced to promote consumption and product upgrades, including incentives for replacing old appliances with new energy-efficient models [11][12] Market Performance - Different organizations report varying statistics on projector shipments in China for 2024, with estimates ranging from approximately 519 million to 689 million units [14] - The online retail market for projectors is expected to rebound in 2024, driven by major events and promotional activities, with a projected 6.5% year-on-year increase in sales volume [15] - The smart projector penetration rate in China is nearing 90%, reflecting a trend towards intelligent devices [16] Market Size and Revenue - The Chinese projector market is projected to reach approximately 136.5 billion yuan in 2024, despite a decline in sales revenue due to increased sales of lower-priced products [19] Competitive Landscape - The distribution of projector-related companies in China is concentrated in the southeastern coastal regions, with collaboration from central regions and major cities like Beijing and Shanghai [20] - In 2024, the leading brands in the domestic projector retail market include XGIMI and Xiaomi, with Xiaomi gaining significant market share through popular products [25] Future Outlook - The Chinese projector market is expected to exceed 26.9 billion yuan by 2030, driven by policy support, consumer demand for high-quality products, and technological advancements [26] - The industry is witnessing accelerated technological innovation, with laser technology becoming mainstream and increasing focus on high-resolution products [30] - The market is expanding into new application scenarios, including home entertainment, business, and education, with emerging trends in AR and immersive experiences [30]

证券代码：688696 证券简称：极米科技 公告编号：2025-079 极米科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： ● 股东持有的基本情况 本次减持计划实施前，公司股东钟超、廖杨分别持有极米科技股份有限公司（以下简称"公司"或"极米 科技"）1,678,803股、546,332股，分别占公司总股本的2.40%、0.78%。上述股份来源为公司首次公开发 行股票并上市前取得及上市后以资本公积转增股本取得的股份，且已于2024年3月4日起上市流通。 ● 减持计划的实施结果情况 2025年10月11日，公司披露了《股东减持股份计划公告》（公告编号：2025-067），公司股东钟超拟通 过集中竞价、大宗交易方式减持股份数量不超过840,000股股份，占总股本的1.20%。公司股东廖杨拟通 过集中竞价交易方式减持股份数量不超过546,332股股份，占总股本的0.78%。若减持期间极米科技有派 息、送股、资本公积金转增股本、配股等除权除息事项，减持计划将进行相应调 ...

证券日报网讯 11月12日晚间，极米科技发布公告称，公司于2025年11月12日收到股东钟超和廖杨的 《关于减持结果的告知函》，2025年10月16日至2025年11月12日期间，公司股东钟超通过集中竞价、大 宗交易方式减持840，000股股份，占总股本的1.20%；2025年10月22日至2025年11月12日期间，公司股 东廖杨通过集中竞价交易方式减持546，332股股份，占总股本的0.78%。截至2025年11月12日，本次减 持计划已实施完毕。 （文章来源：证券日报） ...

Core Insights - The Shanghai Municipal Market Supervision Administration conducted a quality inspection of projectors (including projection TVs) in the city, with 30 batches tested and no non-compliant products found [2][3] Group 1: Inspection Overview - The inspection included 30 batches of products, with 1 batch from production, 14 batches from physical sales, and 15 batches from e-commerce sales [2] - The sampled products originated from 7 provinces and cities, with 7 batches produced in Shanghai and 23 batches from other provinces [2] Group 2: Compliance Standards - The inspection was organized based on the SHSSXZ0031-2025 "Implementation Rules for Quality Supervision and Spot Check of Projectors in Shanghai" [2] - All tested products met the relevant standards for the 2025 Shanghai projector quality supervision check [2] Group 3: Sample Details - Various brands and models were included in the inspection, such as XGIMI, Optoma, Panasonic, BenQ, and others, with specific details on production dates and sales channels provided [2][3] - Notable brands included in the inspection are XGIMI, Optoma, Panasonic, and BenQ, with multiple models listed [2][3]

Market Overview - The black home appliance sector experienced a slight increase of 0.02% on November 12, with Hisense leading the gains [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Stock Performance - Hisense Visual (600060) closed at 26.46, up 3.76% with a trading volume of 214,300 shares and a turnover of 562 million yuan [1] - Other notable stocks include: - XGIMI Technology (688696) at 117.80, up 3.44% [1] - Skyworth Digital (000810) at 12.54, down 0.71% [1] - Sichuan Changhong (600839) at 9.96, down 0.80% [1] Capital Flow - The black home appliance sector saw a net outflow of 202 million yuan from institutional investors, while retail investors contributed a net inflow of 127 million yuan [1] - The detailed capital flow for key stocks includes: - Hisense Visual had a net outflow of 46.48 million yuan from institutional investors [2] - XGIMI Technology experienced a net outflow of 24.99 million yuan from institutional investors [2] - Sichuan Changhong faced a significant net outflow of 102 million yuan from institutional investors [2]

证券代码：688696 证券简称：极米科技 公告编号：2025-079 极米科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 股东持有的基本情况 本次减持计划实施前，公司股东钟超、廖杨分别持有极米科技股份有限公司 （以下简称"公司"或"极米科技"）1,678,803 股、546,332 股，分别占公司总 股本的 2.40%、0.78%。上述股份来源为公司首次公开发行股票并上市前取得及 上市后以资本公积转增股本取得的股份，且已于 2024 年 3 月 4 日起上市流通。 减持计划的实施结果情况 2025 年 10 月 11 日，公司披露了《股东减持股份计划公告》（公告编号： 2025-067），公司股东钟超拟通过集中竞价、大宗交易方式减持股份数量不超过 840,000 股股份，占总股本的 1.20%。公司股东廖杨拟通过集中竞价交易方式减 持股份数量不超过 546,332 股股份，占总股本的 0.78%。若减持期间极米科技有 派息、送股、资本公积金转增股本、配股 ...

Summary of Key Points Core Viewpoint - XGIMI Technology (SH 688696) announced a reduction in shareholding by two shareholders, indicating potential shifts in investor sentiment and ownership structure [1] Company Actions - Shareholder Zhong Chao reduced holdings by 840,000 shares, representing 1.2% of total shares, from October 16 to November 12, 2025 [1] - Shareholder Liao Yang reduced holdings by approximately 550,000 shares, accounting for 0.78% of total shares, from October 22 to November 12, 2025 [1] Financial Performance - For the year 2024, XGIMI's revenue composition is as follows: - Projector products: 88.07% - Accessories: 5.0% - Internet value-added services: 4.3% - Other businesses: 2.63% [1] - As of the report date, XGIMI's market capitalization stands at 8.2 billion yuan [1]