据介绍，极米科技近年来持续推进全球化发展，行业影响力持续增强。截至目前，公司已累计获得140 项国际大奖，包括红点、iF、Good Design Award、IDEA世界四大工业设计大奖。在品牌出海与全球化 业务布局战略下，公司的产品已进入欧洲、北美、澳大利亚等区域的主要线下渠道，全球覆盖点位达 8000余家。2024年，极米科技的境外营业收入达10.86亿元，同比增长18.94%。据介绍，公司将基于已 有渠道积累，加强产品及品牌出海的精细化运营，持续提升公司品牌和产品在海外消费者心中的认知 度。 截至2024年底，极米科技的全球累计出货量超700万台，稳居全球家用投影市场出货量第一。作为智能 投影行业首家科创板上市企业，公司坚持以技术普惠基因颠覆专业赛道。极米科技董事长钟波表示，公 司正通过持续的技术创新，致力于打破专业级设备的价格壁垒，让卓越的投影性能变得"触手可及"。 极米科技披露的2025年半年度业绩预增公告显示，公司预计2025年上半年实现营业收入16.26亿元，同 比增长1.63%；归母净利润预计为8866.22万元，同比增速达到2062.33%。2025年上半年，极米科技的产 品持续迭代升级，推 ...

Investment Rating - The investment rating for the company is "Buy" and it is maintained [8] Core Views - The company has announced a significant improvement in its performance, with a projected revenue of 1.626 billion yuan for the first half of 2025, representing a year-on-year growth of 1.63%. The net profit attributable to the parent company is expected to reach 88.6622 million yuan, a substantial increase of 2062.33% [2][5] - In the second quarter, the company achieved a revenue of 816 million yuan, reflecting a year-on-year growth of 5.40%, and a net profit of 26.0231 million yuan, marking a significant turnaround from losses [2][5] - The domestic smart projection market has seen a slight decline, but the company has maintained its market share and is actively pursuing product upgrades, overseas market expansion, and broadening application scenarios [11] Summary by Sections Company Performance - The company reported a net profit margin increase, with the first quarter showing a year-on-year increase of 337.45% and the second quarter showing a significant turnaround [11] - The company continues to implement a strategy focused on research and development innovation and supply chain efficiency, which has led to improved resource allocation and cost control [11] Product and Market Strategy - The company has launched several new products, including the portable projector Play6 and the home flagship RS 20 series, reinforcing its competitive position in both entry-level and mid-to-high-end markets [11] - The company is expanding its overseas market presence, with products entering major offline channels in Europe, North America, Japan, and Australia [11] - The company is also diversifying its application scenarios, including smart cockpit and smart lighting, with products already in production for various automotive clients [11] Financial Projections - The company expects net profits for 2025, 2026, and 2027 to be 318 million yuan, 488 million yuan, and 506 million yuan respectively, with corresponding price-to-earnings ratios of 24.52, 16.02, and 15.45 [11]