Xgimi Technology Co.,Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 29, 2024 at 10:11 am
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Xgimi Technology Co.,Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was CNY 825.5 million compared to CNY 883.69 million a year ago. Revenue was CNY 825.5 million compared to CNY 883.69 million a year ago.
Net income was CNY 14.32 million compared to CNY 52.19 million a year ago. Basic earnings per share from continuing operations was CNY 0.2 compared to CNY 0.75 a year ago. Diluted earnings per share from continuing operations was CNY 0.2 compared to CNY 0.75 a year ago.
XGimi Technology Co Ltd, formerly Chengdu XGimi Technology Co Ltd, is a China-based company mainly engaged in the research and development, production and sales of smart projection products. Its main products and services include smart projection products, projection-related accessories and Internet value-added services. Its smart projection products mainly include smart micro-projection series, laser television series and innovative product series. Its projection-related accessories products mainly include screens, stands, microphones, three dimension (3D) glasses, wireless game controllers, etc. The Company has developed a GMUI software system based on the Android kernel for smart projection products, and provides customers with Internet value-added services, including application distribution, film and television content services, etc. The Company conducts its businesses within the China market and to overseas markets such as Europe, North America, and Japan.