XGIMI(SH:688696) Xin Jing Bao·2025-09-04 04:01Core Viewpoint - XGIMI Technology has announced its plan to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy and brand recognition [1] Group 1: Company Overview - XGIMI Technology was founded in November 2013 by Zhong Bo, who previously worked as an engineer at Hisense and was involved in various LCD model development projects [1] - The company specializes in the research, production, and sales of smart projection products, along with providing related accessories and internet value-added services [1] Group 2: Financial Performance - XGIMI's revenue for the years 2022 to 2024 was 42.22 billion, 35.57 billion, and 34.05 billion respectively, with net profit for the same period being 5.01 billion, 1.21 billion, and 1.20 billion, indicating a continuous decline in both revenue and profit [2] - In the first half of 2025, XGIMI reported revenue of 16.26 billion, a year-on-year increase of 1.63%, and a net profit of 886.6 million, showing a significant year-on-year growth of 2062.34% [2] Group 3: Market Position and Strategy - The company has entered the living room economy through its projection products, which have started to capture market share from traditional televisions [2] - Listing on the Hong Kong Stock Exchange is expected to facilitate XGIMI's expansion into overseas markets, with products already available in mainstream retail channels in the US and Japan [2]