Gizcoupon reported on April 30th that XGIMI Technology’s 2022 Annual Report has been released. The report shows achieving revenue of RMB 4,222,341,300 (approximately USD 6,108.5 million), a YoY growth of 4.57%. Moreover, the net profit attributable to the owners of the parent company was RMB 501,468,000 (approximately USD 72.54 million), a YoY growth of 3.72%. The net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, was RMB 442,146,100 (approximately USD 63.96 million), a YoY growth of 3.05%. Additionally, the global revenue was RMB 790 million (approximately USD 114 million), a YoY increase of 82.04%.
XGIMI Technology’s 2022 Annual Report shows it invested RMB 377 million (approximately $55 million) in R&D, a YoY increase of 43.49%. The proportion of R&D expenses to revenue increased from 6.51% in 2021 to 8.93%. During the reporting period, XGIMI Technology obtained 72 newly authorized invention patents, with a total of 184 invention patents.
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In terms of video content, in 2022, XGIMI Technology collaborated with YSTv and Huashu Xianshiguang to expand the short-video scene for large-screen viewing. XGIMI also worked with Migu(The full media brand owned by China Mobile), China Central Television Video News Agency, and Douyin(The Chinese version of TikTok) to create the XGIMI World Cup for everyone. As of the end of December 2022, the monthly active users of projection terminals had reached 2.79 million.
