Jimi: Net profit is expected to be 3.6731 million yuan in the first half of 2024, a year-on-year decrease of 96.04%

According to news from this site on July 29, Jimi Technology released its 2024 semi-annual performance forecast on July 27. According to preliminary calculations by the company's financial department, the net profit attributable to the owners of the parent company is expected to be 3.6731 million yuan in the first half of 2024, which will be a decrease of 89.0543 million yuan compared with the same period last year, a year-on-year decrease of 96.04%.

During the reporting period, the net profit after non-recurring gains and losses attributable to the owners of the parent company was -15.2683 million yuan, a decrease of 73.7865 million yuan compared with the same period last year, a year-on-year decrease of 126.09%.

Attached to this website is the performance and financial status of the same period last year:

• Net profit attributable to the owners of the parent company: 92.7273 million yuan.
• Net profit excluding non-recurring gains and losses attributable to the owners of the parent company: 58.5182 million yuan.

XGIMI Technology said that in the first half of 2024, it will launch the portable projector Play 5 priced at less than 2,000 and the eye-protecting three-color laser gimbal projector RS 10 series covering multiple price ranges. At the same time, the company strives to expand sales channels and resolutely implement its brand overseas and globalization strategies. During the reporting period, the company's overseas revenue growth drove the proportion of overseas revenue to continue to increase, driving the second quarter sales gross profit margin to improve year-on-year, while offsetting the overall impact of weak domestic demand. Influenced by revenue, the company's overall revenue in the first half of 2024 will be basically the same year-on-year.

Affected by the destocking of some old products, the company's gross sales profit margin dropped during the reporting period compared with the same period last year, resulting in a year-on-year decline in the company's net profit, and the net profit after excluding non-recurring gains and losses was negative.

The company will optimize resource allocation, promote continuous improvement in revenue structure and gross profit margin, and launch more differentiated and market competitive products in domestic and overseas markets. At the same time, we will continue to promote refined management and daily operations to reduce costs and increase efficiency, and improve operational efficiency.

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