Securities code: 688696 Securities abbreviation: XGIMI Technology Announcement No.: 2025-012

XGIMI Technology Co., Ltd

2024 Annual Results Bulletin Announcement

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or material omissions in the content of this announcement, and assume legal responsibility for the authenticity, accuracy and completeness of its content in accordance with the law.

The main financial data for 2024 contained in this announcement are preliminary accounting data, which have not been audited by accounting firms, and the specific data are subject to the regular report of XGIMI Technology Co., Ltd. (hereinafter referred to as the "Company") in 2024, and investors are reminded to pay attention to investment risks.

1. Main financial data and indicators for 2024

Unit: RMB 10,000 yuan

Increase or decrease the range of change

Item Current reporting period Same period last year

（％）

Total operating income 341,370.34 355,656.40 -4.02

Operating profit 8,606.36 3,254.71 164.43

Total profit 8,711.66 3,023.31 188.15

Net profit attributable to owners of the parent company 12,187.96 12,050.35 1.14

Deductions attributable to owners of the parent company are non-recurring

Net profit of profit and loss 9,343.42 6,822.22 36.96

Basic earnings per share (RMB) 1.78 1.72 3.49

The weighted average return on equity was 3.94% and 3.86%, an increase of 0.08 percentage points

Increase or decrease the range of change

End of the reporting period Beginning of the reporting period

（％）

Total assets 531,315.32 558,221.65 -4.82

Owners' equity attributable to parent company 294,450.75 311,655.95 -5.52

Share capital (10,000 shares) 7,000.00 7,000.00 -

Net assets per share attributable to owners of the parent company

(RMB) 42.06 44.52 -5.52

Note: 1. The beginning of the reporting period is the same as the end of the previous year as disclosed by law.

2. The above financial data and indicators are filled in with consolidated statement data, but are unaudited, and the final results are subject to the 2024 annual report disclosed by the company.

3. If there is a penny difference in the above increase and decrease data, it is caused by rounding.

4. During the reporting period, the company's total assets and net assets decreased compared with the same period last year, mainly due to the company's share repurchase during the reporting period.

2. Explanation of operating performance and financial situation

(1) The operating situation, financial situation and main factors affecting the operating performance in the reporting period

In 2024, the company achieved an operating income of 341,370.34 million yuan, and the net profit attributable to the owners of the parent company

Run 121.8796 million yuan, net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 93.4342 million yuan, an increase of 36.96% year-on-year.

According to the preliminary accounting of the financial department, in the fourth quarter of 2024, the company achieved operating income of 1.132 billion yuan.

The net profit was 162 million yuan, a month-on-month turnaround and a year-on-year increase of 375%. The company's long-term investment and optimization in R&D, supply chain and other links have achieved results.

The company has continued to invest in R&D in recent years, and has invested more than 10% in R&D from 2021 to 2023

During the reporting period, the company continued to promote the R&D and innovation strategy and supply chain system to improve quality and efficiency, deeply integrate the supply chain and logistics network, achieve efficient resource allocation and effective cost control, improve the versatility of key components, improve R&D and production efficiency, enhance market response speed, and promote the company's cost control, efficiency improvement and core profitability as a whole. At the product level, the company is guided by market and user needs, and continues to innovate.

Optimized the product matrix and launched the Dual Light 2.0 eye protection three-color laser, Eagle-Eye computational optics,

A number of innovative technologies such as automatic gimbals, including the portable projection Play5, the home flagship RS10 series, the thin and light projection Z7X high-brightness version and the Z6X fifth generation, have been released. The company firmly implements the brand overseas and global business layout, expands overseas sales areas and channel coverage, and achieves continuous growth in overseas revenue; The company continues to expand the application scenarios of technologies and products, and has achieved breakthroughs in the on-board business, and has obtained 7 on-board business designations so far, covering the fields of intelligent cockpit and intelligent headlights.

At the end of the reporting period, the company's total assets were 531,315.32 million yuan, a decrease of 4.82% from the beginning of the reporting period; Belong to the mother

the company's owner's equity was 2944.5075 million yuan, a decrease of 5.52% from the beginning of the reporting period; Net assets per share attributable to owners of the parent company were 42.06 yuan, a decrease of 5.52% from the beginning of the reporting period. The decrease in the company's total assets and net assets was mainly due to the company's two repurchase plans issued during the reporting period, with a cumulative repurchase of about 323 million yuan.

(2) Explanation of the main reasons for the increase or decrease of more than 30% of the relevant items in the above table

During the reporting period, the company's operating profit, total profit, net profit attributable to the owners of the parent company after deducting non-recurring gains and losses increased by 164.43%, 188.15%, 36.96% respectively, the company's operating income decreased slightly during the reporting period, and the gross profit margin remained stable.

3. Risk Warning

The company does not have any major uncertainties that affect the accuracy of the content of this performance report. The main financial data for 2024 contained in this announcement are preliminary accounting data, and preliminary communication has been carried out with the accounting firm, but it has not been finalized by the accounting firm, and the specific data is subject to the company's 2024 annual report, and investors are reminded to pay attention to investment risks.

The announcement is hereby made.

Board of Directors of XGIMI Technology Co., Ltd

February 25, 2025