Xgimi Technology Co.,Ltd.’s Net Profit Dropped 74% in First Three Quarters of 2023

Xgimi Technology Co.,Ltd. (极米科技股份有限公司) (688696.SH) reported a net profit of 85.7 million yuan in the first three quarters of 2023, down 74% year-on-year.

Meanwhile, the company posted 2.4 billion yuan in revenue, down 16% year-on-year.

At the end of the reporting period, it had 5.4 billion yuan in total assets and 2.3 billion yuan in total liabilities, with a liability-to-asset ratio of 42.3%.