Xgimi Technology (688696.SH) achieved a net profit of 122 million yuan in 2024, representing a year-on-year growth of 1.14%.

Xgimi Technology (688696.SH) disclosed its performance report for the year 2024, with the company achieving operating income of 3.414 billion yuan and a net profit attributable to the owners of the parent company of 122 million yuan, an increase of 1.14% year-on-year; the net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, was 93.4342 million yuan. Basic earnings per share were 1.78 yuan. The announcement shows that the company has continued to invest in research and development in recent years, with cumulative research and development expenses exceeding 1 billion yuan from 2021 to 2023. During the reporting period, the company continued to advance its research and development innovation strategy and improve the quality and efficiency of its supply chain system, deeply integrating the supply chain and logistics network to achieve efficient allocation of resources and cost-effective control. The company enhanced the universality of key components, improved research and production efficiency, strengthened market response speed, overall promoted cost control, efficiency improvement, and steadily enhanced core profitability.