证券代码：688696 证券简称：极米科技 公告编号： 2024-072 极米科技股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 本次投资者说明会以网络互动形式召开，公司将针对 2024 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 会议召开时间：2024 年 12 月 05 日(星期四) 下午 13:00-14:00 会 议 召 开 地 点 ： 上海证券 交易所上证路演中心（ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 （一）会议召开时间：2024 年 12 月 05 日 下午 13:00-14:00 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。 重要内容提示： 投资者可于 2024 年 11 月 28 日(星期四) 至 12 月 04 日(星期三)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@ ...

极米科技股份有限公司 2024年第一次临时股东大会会议资料 证券简称：极米科技 证券代码：688696 极米科技股份有限公司 2024年第一次临时股东大会会议资料 2024年11月18日 1 极米科技股份有限公司 2024年第一次临时股东大会会议资料 极米科技股份有限公司 2024年第一次临时股东大会会议资料目录 议案一：关于续聘会计师事务所的议案 2 一、2024年第一次临时股东大会会议须知 二、2024年第一次临时股东大会会议议程 三、2024年第一次临时股东大会会议议案 极米科技股份有限公司 2024年第一次临时股东大会会议资料 极米科技股份有限公司 三、出席会议的股东（或股东代表）须在会议召开前30分钟到会议现场办 理签到登记手续，并按股东大会通知的相关要求，出示自然人股东和法人股东 相关身份证明的文件，包括但不限于证券账户卡、身份证明文件或营业执照复 印件（加盖公章）、授权委托书等，上述登记材料均需提供复印件一份，自然 人股东登记材料复印件须个人签字，法人股东证明文件复印件须加盖公司公章， 经身份验证符合参会股东身份资格后，方可出席股东大会。会议开始后，由会 议主持人宣布现场出席会议的股东人数及其所 ...

证券代码：688696 证券简称：极米科技 公告编号：2024-071 根据《上市公司股份回购规则》、《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司在回购股份期间，应当在每个月的前 3 个交易 日内公告截至上月末的回购进展情况；回购股份占上市公司总股本的比例每增加 1% 的，应当在事实发生之日起 3 个交易日内予以披露。现将公司回购股份的进展情 况公告如下： 2024 年 10 月，公司通过集中竞价交易方式已累计回购股份 749,958 股，占公 司目前总股本 70,000,000 股的比例为 1.07%，购买的最高价格为 79.20 元/股、最 低价格为 66.50 元/股，已支付回购股份的总金额为 5,483.89 万元（不含手续费、 过户费等交易费用）。 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。 重要内容提示： | 回购方案首次披露日 | 2024/10/1 | | | --- | --- | --- | | 回购方案实施期限 | 董事会审议通过后 12 个月 | | | 预计回购 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price not specified [4]. Core Views - The company experienced a revenue decline of 5.8% year-on-year in the first three quarters of 2024, with total revenue reaching 2.281 billion yuan. The net profit attributable to the parent company was -40 million yuan [1]. - In Q3 2024, the company reported a revenue of 682 million yuan, down 14.26% year-on-year, and a net profit of -44 million yuan [1]. - The weak domestic demand in the smart projection market is attributed to insufficient consumer interest in non-essential electronic products, exacerbated by market irregularities such as product mislabeling [1]. - The company is actively expanding its automotive parts business, securing contracts to supply components for new models from BAIC New Energy and Marelli, which is expected to open a second growth curve for the company [2][3]. Financial Performance Summary - The gross margin for the first three quarters of 2024 was 28.77%, down 4.04 percentage points year-on-year, while the net margin was -1.78%, a decrease of 5.32 percentage points [2]. - The company’s expense ratios for sales, management, R&D, and financial costs were 18.5%, 3.53%, 12.61%, and -1.42%, respectively, indicating an increase in expense ratios due to revenue pressure [2]. - The forecast for net profit attributable to the parent company for 2024-2026 is adjusted to 10 million, 90 million, and 200 million yuan, respectively, with corresponding dynamic P/E ratios of 438.2x, 52.9x, and 25.4x [3]. Market Context - The smart projection market in China saw a total sales volume of 1.27 million units in Q3 2024, a decline of 9.7% year-on-year, with sales revenue of 1.89 billion yuan, down 5.9% [1]. - The company is focusing on technological and product innovation to meet diverse consumer needs and is implementing a brand overseas strategy to enhance its international market presence [3].

上 市 公 司 证 券 研 究 报 告 家用电器 2024 年 11 月 01 日 极米科技 (688696) —— 2024 年三季报点评：Q3 业绩承压，车载业务连获 定点放量可期 | --- | --- | |------------------------------------|-------------------------------| | 市场数据： | 2024 年 10 月 31 日 | | 收盘价（元） | 72.50 | | 一年内最高/最低（元） | 136.73/50.71 | | 市净率 息率（分红/股价） | 1.7 0.41 | | 流通 A 股市值（百万元） | 5,075 | | 上证指数/深证成指 | 3,279.82/10,591.22 | | 注："息率"以最近一年已公布分红计算 | | | --- | --- | |-------------------------------|-------------------| | | | | | | | 基础数据 : | 09 月 30 日 | | 每股净资产（元） | 42.38 | | 资产负债率 % | 43.6 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to enter a recovery phase after a bottoming out, with a focus on improving sales and profitability in the second half of 2024 [1] - The company reported Q3 2024 revenue of 680 million yuan, a year-on-year decline of 14.3%, and a net profit attributable to shareholders of -40 million yuan, a year-on-year increase of 577.2% [1] - The company is actively responding to the differentiated consumption trends in the industry and is expected to see demand recovery in Q4 due to product structure adjustments and government subsidies [1] Revenue Analysis - Domestic sales are projected to generate 400 million yuan in Q3, with a double-digit year-on-year decline [1] - International sales are expected to reach 200 million yuan in Q3, remaining stable or slightly increasing, with growth anticipated in North America, Europe, and Japan [1] - The company has launched new products at the Berlin IFA exhibition, which is expected to drive growth in Q4 [1] Profit Analysis - The gross margin for Q3 2024 is expected to decline by 1.4 percentage points year-on-year and 2.1 percentage points quarter-on-quarter, primarily due to inventory clearance and delays in revenue recognition [1] - The net profit margin for Q3 2024 is projected to decrease by 5.7 percentage points year-on-year and 5.2 percentage points quarter-on-quarter, with increases in sales, management, and R&D expenses [1] Investment Recommendations - The company is maintaining its leading market share in domestic smart projection sales, with international sales channels in Europe, the US, and Japan being key growth drivers [1] - The automotive sector is expected to contribute to new growth opportunities, with recent announcements of partnerships for smart cockpit and intelligent lighting projects [1] - Revenue forecasts for 2024-2026 have been adjusted to 3.41 billion, 3.72 billion, and 4.08 billion yuan respectively, with year-on-year growth rates of -4%, +9%, and +10% [2][6]

Investment Rating - The investment rating for the company is "Accumulate" [4] Core Views - The company reported a total revenue of 2.281 billion yuan for the first three quarters of 2024, a year-on-year decrease of 5.8%, and a net profit attributable to shareholders of -40 million yuan, a year-on-year decline of 146.81% [1] - In Q3 2024, the company achieved a single-quarter revenue of 682 million yuan, down 14.26% year-on-year, with a net profit of -44 million yuan, a decline of 577.18% year-on-year [1] - The overall industry is experiencing a downturn, with the DLP market share remaining stable at 22.3%, an increase of 0.3 percentage points year-on-year, while the competitive landscape shows the company leading in both revenue and sales in the DLP market [1][2] Financial Performance Summary - Gross margin for Q1-Q3 2024 and Q3 2024 decreased by 4.04 percentage points and 1.4 percentage points to 28.77% and 28.05%, respectively, primarily due to inventory clearance of older products [2] - The net profit margin for Q1-Q3 2024 and Q3 2024 decreased by 5.32 percentage points and 5.67 percentage points to -1.78% and -6.52%, respectively [2] - The company is expected to achieve net profits of 4 million yuan, 86 million yuan, and 117 million yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of -96.3%, +1845.4%, and +36.9% [2][3] Market and Competitive Landscape - The overall market for smart projectors in China saw a year-on-year decline in sales and revenue of 9.7% and 5.9%, respectively, in Q3 2024, although there are signs of recovery with an increase in average market prices [1] - The concentration in the DLP market has increased, with the top four companies holding a revenue market share of 92.1%, up 4.7 percentage points year-on-year [1]

ZHONG LUN 中 倫 律 師 事 務 所 特殊的普通合伙 Limited Liability Partnership 北京中伦(成都)律师事务所 关于 极米科技股份有限公司 调整股票期权及限制性股票的行权及归属价格 的 法律意见书 42 二〇二四年十月 北京 ・ 上海 ・ 深圳 ・ 广州 ・ 武汉 ・ 成都 ・ 重庆 ・ 青岛 ・ 杭州 ・ 南京 ・ 海口 ・ 东京 ・ 香港 ・ 伦敦 ・ 洛杉矶 ・ 国会山 ・ 阿拉木图 Beijing • Shanghai • Slenzhen • Guangzing • Chingtou • Huhan • Changzhu • Yangzhu 四川省成都市高新区天府大道北段 966 号天府国际金融中心南塔 25 层-26 层 25-26/F, South Tower of Tianfu International Finance Center, 966 North Tianfu / High-tech Zone, Chengdu, Sichuan 610041, Chin 电话/Tel : +86 28 6208 8001 北京中伦(成都)律师事务所 根据极米科 ...

北京金杜（成都）律师事务所 关于极米科技股份有限公司 2024 年股票期权激励计划调整行权价格的 法律意见书 致：极米科技股份有限公司 生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进 行了充分的核查验证，保证本法律意见书所认定的事实真实、准确、完整，所发 表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承 担相应法律责任。 本所依据本法律意见书出具日以前已经发生或存在的事实和中国境内（指中 华人民共和国境内，且鉴于本法律意见书之目的，不包括中国香港特别行政区、 中国澳门特别行政区和中国台湾地区）现行法律法规发表法律意见，并不依据任 何中国境外法律发表法律意见。本所仅就与公司本计划有关的法律问题发表意 见，而不对公司本计划所涉及的标的股票价值、考核标准等问题的合理性以及会 计、财务等非法律专业事项发表意见。在本法律意见书中对有关财务数据或结论 进行引述时，本所已履行了必要的注意义务，但该等引述不应视为本所对这些数 据、结论的真实性和准确性作出任何明示或默示的保证。对于出具本法律意见书 至关重要而又无法得到独立证据支持的事实，本所依赖有关政府部门、极米科技 或其他有关单 ...

Investment Rating - The report maintains a "Buy-A" investment rating for the company [4][5]. Core Views - The company is experiencing operational pressure but is expected to improve as domestic consumption gradually recovers and new products gain traction [65]. - The overseas business continues to grow, with stable revenue from international markets despite challenges in domestic sales [65][66]. - The company has diversified its product offerings in the projector industry, including LED, laser, LCD, and ultra-short throw projectors, positioning itself as a market leader [67]. Financial Performance Summary - For the first three quarters of 2024, the company reported revenue of 2.28 billion yuan, a year-over-year decrease of 5.8%, and a net profit attributable to shareholders of -40 million yuan, a decline of 146.8% year-over-year [65]. - In Q3 2024, the company achieved revenue of 680 million yuan, down 14.3% year-over-year, with a net profit of -40 million yuan, compared to a loss of 6.56 million yuan in the same period last year [65]. - The company's gross margin decreased by 1.4 percentage points in Q3, primarily due to inventory clearance of older products [66]. Future Outlook - The company is expected to stabilize and return to growth as projector consumption demand gradually rebounds and new products are launched [67]. - The projected earnings per share (EPS) for 2024 to 2026 are -0.74 yuan, 0.19 yuan, and 0.21 yuan, respectively, with a target price of 88.72 yuan based on a 2X price-to-book (PB) valuation for 2025 [67].