Xgimi Technology Co.,Ltd.’s Net Profit Dropped 65.7% in First Half of 2023

Xgimi Technology Co.,Ltd. (极米科技股份有限公司) (688696.SH) reported a net profit of 92.4 million yuan in the first half of 2023, down 65.7% year-on-year.

Meanwhile, the company posted 1.6 billion yuan in revenue, down 20.1% year-on-year.

At the end of the reporting period, it had 5.3 billion yuan in total assets and 2.2 billion yuan in total liabilities, with a liability-to-asset ratio of 41.3%.