XGIMI(SH:688696) Zhi Tong Cai Jing·2025-09-29 11:35Core Viewpoint - XGIMI Technology is a leading player in the projection industry, focusing on the development, production, and sales of various smart projection products across multiple sectors, including consumer, automotive, and engineering applications [3]. Group 1: Business Overview - XGIMI Technology has a global presence, operating in over 100 countries and regions, with more than 6,000 offline points and cumulative shipment of over 7 million projection devices [3]. - The company has maintained its position as the top seller in China's projection industry for seven consecutive years since 2018 and has been the revenue leader in the domestic market for five years since 2020, holding approximately 30.2% market share in the mid-to-high-end projection sector for 2024 [3]. Group 2: Product Development and Innovation - XGIMI Technology leverages its core advantages in optical technology, Eagle Eye optical computing, and GMUI interactive experience to expand its product offerings from consumer-grade to automotive and engineering-grade projection products [3]. - The automotive projection business focuses on in-car audio-visual projection and smart car light projection, which has already achieved mass production and delivery, being utilized by leading automotive manufacturers such as Seres, JAC Motors, and BAIC in various new energy vehicle models [3]. Group 3: Financial Performance - The company's revenue for the fiscal years 2022, 2023, 2024, and the first half of 2025 was approximately CNY 4.22 billion, CNY 3.55 billion, CNY 3.40 billion, and CNY 1.62 billion respectively [4]. - Profit figures for the same periods were approximately CNY 501 million, CNY 120 million, CNY 120 million, and CNY 88 million [4]. - The gross profit margin has shown fluctuations, with 35.0% in 2022, decreasing to 29.8% in 2023, and then slightly recovering to 30.3% in 2024 [7].