XGIMI(SH:688696) Sou Hu Cai Jing·2025-10-05 10:16Core Viewpoint - The leading domestic smart projection company, XGIMI Technology, has officially submitted its application for an IPO on the Hong Kong Stock Exchange, marking a significant step in its internationalization strategy [2] Group 1: Company Overview - XGIMI Technology was established in 2013 and is headquartered in Chengdu, Sichuan, focusing on the research, production, and sales of smart projection products [2] - The company has expanded its product offerings from home projectors to new fields such as in-car projection [3] Group 2: Financial Performance - In the first half of 2025, XGIMI achieved a revenue of 1.626 billion yuan, representing a year-on-year growth of 1.63%, while the net profit attributable to shareholders surged to 88.6622 million yuan, a staggering increase of 2062.34% [2] - The first quarter of 2025 showed a net profit of 62.6391 million yuan, reflecting a year-on-year growth of 337.45% [2] Group 3: Market Position - According to IDC data, XGIMI has maintained the top position in domestic projector shipments for seven consecutive years since 2018 and has also led in both shipment volume and sales for five consecutive years since 2020 [3] - The company has secured eight contracts in the in-car business, covering smart cockpits and smart headlights [4] Group 4: International Expansion - XGIMI's products have entered major retail channels in Europe and Japan, including Best Buy, Sam's Club, and Walmart [5] - In the second quarter of 2025, XGIMI's market share on Amazon in France, Germany, and Italy reached 26.1%, 14.1%, and 11.1% respectively, showing significant year-on-year growth [5] - The planned H-share listing, pending approval, is expected to enhance the company's brand influence in international markets and provide new momentum for global business expansion [5]