XGIMI(SH:688696) Sou Hu Cai Jing·2025-08-14 17:26Group 1 - The core viewpoint of the news is that XGIMI Technology, a leader in the smart projection industry, has announced its plan to list on the Hong Kong Stock Exchange to expand its capital platform and support its globalization strategy [1] - XGIMI's stock price initially surged after its debut on the STAR Market in 2021, reaching a historical high of 626.68 CNY per share, but has since dropped nearly 90%, with its market value evaporating by over 80% [1][3] - The company has experienced significant fluctuations in performance, with revenue and net profit declining from 2022 to 2024, but is expected to see a recovery in the first half of 2025, projecting revenue of 1.626 billion CNY, a year-on-year increase of 1.63%, and a net profit of 88.662 million CNY, a substantial increase of 2062.33% [3] Group 2 - XGIMI views internationalization as a key strategy to overcome domestic market contraction, aiming to enhance its global brand credibility and accelerate overseas business expansion through its Hong Kong listing [4] - The company's international revenue has risen to 32% of total revenue in 2024, showing significant growth compared to 2021, while overseas markets achieved an 18.94% increase despite domestic revenue decline [4][6] - XGIMI has expanded its international strategy by covering multiple e-commerce platforms and entering mainstream retail channels in Europe and the U.S., while also establishing a production base in Vietnam to enhance supply chain resilience [6] - The company has also initiated a new growth point in the automotive sector by incorporating vehicle-mounted projection into its strategic planning, although it faces challenges due to high entry barriers and long certification cycles in the automotive supply chain [6]