Workflow
新股消息 | 极米科技(688696.SH)递表港交所 为全球第一大消费级投影品牌

Core Viewpoint - XGIMI Technology has submitted an application for listing on the Hong Kong Stock Exchange, positioning itself as the world's largest consumer-grade projection brand based on revenue projections for 2024 [1] Group 1: Company Overview - XGIMI Technology focuses on the research, production, and sales of various consumer-grade, automotive-grade, and engineering-grade smart projection products [1] - The company has a global presence, covering over 100 countries and regions, with more than 6,000 offline locations and cumulative shipment of over 7 million projection devices [1] - XGIMI 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 a market share of approximately 30.2% in the mid-to-high-end projection sector for 2024 [1] Group 2: Business Expansion and Services - Leveraging its core advantages in optical technology and user interface, XGIMI is expanding its product offerings from consumer-grade to automotive and engineering-grade products, with its automotive projection business already in mass production and being utilized by leading automotive manufacturers [2] - In China, XGIMI provides internet value-added services through its GMUI platform, allowing customers to access audio-visual content and various applications, sharing revenue with application developers [2] - In international markets, XGIMI collaborates with game developers to distribute applications on third-party platforms and partners with streaming services to enable users to access content without additional downloads [2] Group 3: Financial Performance - For the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, XGIMI's revenues were approximately 4.22 billion, 3.55 billion, 3.40 billion, and 1.62 billion RMB respectively, with corresponding profits of about 501 million, 120 million, 120 million, and 88 million RMB [3]