--- title: "New Stock News | Xgimi Technology submits application to Hong Kong Stock Exchange as the world's largest consumer-grade projection brand" type: "News" locale: "en" url: "https://longbridge.com/en/news/259325049.md" description: "Xgimi Technology has submitted a listing application to the Hong Kong Stock Exchange, becoming the world's largest consumer-grade projection brand. According to the prospectus, Xgimi Technology is expected to hold a market share of approximately 30.2% in its projected revenue for 2024. The company is dedicated to the research and development and sales of smart projection products, with operations covering over 100 countries and a cumulative global shipment of more than 7 million units. Xgimi Technology has also achieved mass production and delivery in the automotive-grade projection field, becoming its second growth engine" datetime: "2025-09-29T11:34:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/259325049.md) - [en](https://longbridge.com/en/news/259325049.md) - [zh-HK](https://longbridge.com/zh-HK/news/259325049.md) generator: "portal-rs" --- # New Stock News | Xgimi Technology submits application to Hong Kong Stock Exchange as the world's largest consumer-grade projection brand According to the Hong Kong Stock Exchange's disclosure on September 29, Xgimi Technology Co., Ltd. (Xgimi Technology, 688696.SH) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with China International Capital Corporation as its sole sponsor. The prospectus shows that, based on revenue in 2024, Xgimi Technology is the world's largest consumer-grade projection brand. ![75254dc2dc9821346779fdf5cb0fc8c.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20250929/1759143992620602.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) According to the prospectus, Xgimi Technology is dedicated to the research, production, and sales of various consumer-grade, automotive-grade, and engineering-grade smart projection products. As of the last feasible date, Xgimi Technology's business covers over 100 countries and regions, including Europe, North America, Japan, and Australia, with more than 6,000 offline points globally and a cumulative shipment of over 7 million projection devices worldwide. According to data from Frost & Sullivan, since 2018, Xgimi Technology has ranked first in sales in China's projection industry for seven consecutive years and has maintained its position as the domestic revenue champion for five consecutive years since 2020. In the mid-to-high-end projection industry in China, Xgimi Technology ranks first in both sales and revenue in 2024, with a market share of approximately 30.2% based on revenue. Leveraging its core advantages in optical machine self-research, Eagle Eye optical computing, and GMUI interactive experience, Xgimi Technology has built a solid capability foundation, enabling it to expand its products from consumer-grade to automotive-grade and engineering-grade products that have higher requirements for projection technology. Among them, the automotive projection business focuses on in-vehicle cabin audiovisual projection and smart car light projection, which has already achieved mass production and delivery, **and has been applied in multiple new energy vehicle models by leading manufacturers such as Seres, JAC Motors, and BAIC, becoming Xgimi Technology's second growth engine and leading to sustainable growth.** In China, Xgimi Technology provides internet value-added services through its GMUI platform, allowing customers to access audio-visual content and search for and download various applications. Xgimi Technology shares a portion of the terminal user payment fees with relevant application developers and/or charges application distribution fees from related application developers. In overseas markets, Xgimi Technology collaborates with game developers to release game applications on third-party platforms and shares revenue with game developers at a predetermined ratio. Xgimi Technology also partners with streaming media platforms, enabling overseas users to access these platforms through Xgimi Technology's products without needing to download applications separately. **Financial** aspects show that for the fiscal years 2022, 2023, 2024, and the six months ending June 30, 2025, the company's revenues were approximately RMB 4.22 billion, RMB 3.55 billion, RMB 3.40 billion, and RMB 1.623 billion, respectively; during the same period, the profits were approximately RMB 501 million, RMB 120 million, RMB 120 million, and RMB 88 million According to the risk factors section of the prospectus, Xgimi Technology is susceptible to the risks of increased costs of raw materials and key components, supply shortages, and extended delivery times. Any of these factors could increase Xgimi Technology's production costs, disrupt its supply chain, lead to delays in delivery to customers, and adversely affect Xgimi Technology's operating performance ### Related Stocks - [688696.CN](https://longbridge.com/en/quote/688696.CN.md) ## Related News & Research - [10:16 ETVIETTEL LLEGA A REPÚBLICA DOMINICANA CON DOS DÉCADAS DE EXPERIENCIA EN TELECOMUNICACIONES INTERNACIONALES](https://longbridge.com/en/news/296683773.md) - [Planned Arctic Economic and Security Corridor All-Weather Road Positively Affects Sixty North Gold's Mon Gold Mine, NWT | SXNTF Stock News](https://longbridge.com/en/news/296360681.md) - [Demant hearing care chief Niels Wagner sells shares worth DKK 1.47 million](https://longbridge.com/en/news/296345010.md) - [Dovre Group H1 2026 operating loss narrows to EUR 1 million; net sales rise 22.2% to EUR 1.1 million](https://longbridge.com/en/news/296462184.md) - [10:44 ETViettel Brings Two Decades of International Telecom Experience to the Dominican Republic](https://longbridge.com/en/news/296631928.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**