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XGIMI Technology: The car business may generate certain revenue next year. Baidu's shareholding reduction is mainly due to financial considerations|Direct hit shareholders meeting
① Since the beginning of this year, XGIMI technology has faced a continuous decline in revenue and net income in each quarter; ② At this shareholder meeting, the relevant person in charge of XGIMI technology responded to market concerns regarding the in-car projection business, their views on the expansion of losses, and the shareholding reduction of the Baidu system.
Xgimi Technology Unit Gets Order to Provide Projectors to Automaker
Health Check: How Prudently Does Xgimi TechnologyLtd (SHSE:688696) Use Debt?
As of October 31, 2024, Xigua Games has achieved a total download count of over 11 million times across major global platforms.
Gelonghui November 15th | Xgimi Technology (688696.SH) stated on the interactive platform that Watermelon Game is mainly operated by the company's wholly-owned subsidiary AladdinX Co., Ltd. As of October 31, 2024, Watermelon Game has accumulated over 11 million downloads on major platforms globally. Please refer to the company's periodic financial report for the situation of internet value-added services revenue including revenue from Watermelon Game.
XGIMI Technology (688696.SH): Wholly-owned subsidiary received a notice of designated development from the client.
On November 14th, Gelonghui reported that Jimi Technology (688696.SH) announced that its wholly-owned subsidiary, Yibin Jimi Optoelectronics Co., Ltd. (referred to as "Yibin Jimi"), recently received a development notification from a well-known domestic auto manufacturer (name cannot be disclosed due to a confidentiality agreement, referred to as "client"). Yibin Jimi will become the designated supplier for the client's in-car projectors and will provide smart cockpit display products for the project.
XGIMI Technology (688696.SH): obtained a "loan commitment letter" of no more than 0.172 billion yuan.
Gelonghui, November 10th | Xgimi Technology (688696.SH) announced that recently, the People's Bank of China, together with the China Banking and Insurance Regulatory Commission, and the China Securities Regulatory Commission, issued a notice on the establishment of share buyback financing for shareholding, encouraging financial institutions to provide loans to eligible listed companies and major shareholders to support their share buybacks and shareholdings. In order to further improve the company's capital utilization efficiency and fully utilize the national support policies for listed companies to repurchase stocks, on November 8, 2024, the company obtained from the Industrial Bank Co., Ltd. Chengdu Branch
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