XGIMI Technology's 2024 Semi-Annual Performance Forecast Net Profit Significantly Decreased

TapTechNews July 29th news, XGIMI Technology released the 2024 semi-annual performance forecast on July 27th. After preliminary calculation by the company's financial department, it is expected to achieve a net profit attributable to the owner of the parent company of 367,310 yuan in the first half of 2024, compared with the same period last year, it will decrease by 8,905,430 yuan, a year-on-year decrease of 96.04%.

In the reporting period, the net profit attributable to the owner of the parent company after deducting non-recurring gains and losses is -1,526,830 yuan. Compared with the same period last year, it will decrease by 7,378,650 yuan, a year-on-year decrease of 126.09%.

TapTechNews attaches the performance and financial situation of the same period last year:

The net profit attributable to the owner of the parent company: 9,272,730 yuan.

The net profit attributable to the owner of the parent company after deducting non-recurring gains and losses: 5,851,820 yuan.

XGIMI Technology stated that in the first half of 2024, the portable projector Play5 with a price of less than 2,000 yuan and the RS10 series of eye-protecting three-color laser gimbal projectors covering multiple price bands were launched. At the same time, the company strives to broaden the sales channels, firmly implements the brand going overseas and global strategy. In the reporting period, the growth of the company's overseas income drives the continuous increase of the proportion of overseas income, which promotes the improvement of the sales gross profit margin in the second quarter while offsetting the impact of the weak domestic demand on the overall income. The overall revenue scale of the company in the first half of 2024 is basically the same as that of the same period last year.

Affected by the destocking of some old products, the sales gross profit margin of the company in the reporting period is lower than that of last year, resulting in a year-on-year decline in the company's net profit and a negative net profit after deducting non-recurring gains and losses. The company will optimize the allocation of resources, promote the continuous improvement of the revenue structure and gross profit margin, launch more differentiated and market-competitive products in the domestic and overseas markets, and continue to promote fine management and daily operation to reduce costs and increase efficiency, and improve operational efficiency.