Xgimi 极米科技
8 significant filings since 31 May 2026: 5 on buyback and 3 on equity incentive. The latest, on 22 Sep 2026: 极米科技股份有限公司2026年股权激励计划激励对象名单.
自 31 May 2026 起有 8 份重大公告：buyback 5 份、equity incentive 3 份。最新一份（22 Sep 2026）：极米科技股份有限公司2026年股权激励计划激励对象名单。
As of 25 Sep 2026 截至2026年9月25日
Xgimi 极米科技 is an audio-visual appliances company listed on the Shanghai Stock Exchange since 3 Mar 2021. The company reported revenue of RMB3.47bn in 2025, up 1.8%, with attributable net profit rising 19.4% to RMB143.4m. Profit quality is weak, as operating cash flow per share was -RMB1.36 in 2025, resulting in a cash flow to net profit ratio of -0.67x. In the first half of 2026, profit declined further by 6.2% year-on-year. The stock has declined 30.3% over one year, with a current market capitalisation of RMB5.85bn. Liabilities to assets stood at 50.2% as of 30 Jun 2026, with a current ratio of 1.73, indicating moderate liquidity. Risks centre on persistent operating cash outflows.
极米科技是一家黑色家电公司，2021年3月3日在上交所上市。2025年营业收入为34.67亿元，同比上升1.8%；归母净利润为1.43亿元，同比增长19.4%。2025年每股经营现金流为-1.36元，经营现金流与净利润之比为-0.67倍，盈利质量较弱。2026年上半年归母净利润同比下降6.2%。过去一年股价下跌30.3%，当前总市值为58.52亿元。截至2026年6月30日，资产负债率为50.2%，流动比率为1.73，流动性适中。主要风险在于持续的经营现金流净流出。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Operating cash outflow 经营现金净流出 | The company faces operating cash outflows. 公司面临经营现金流净流出的风险。 | Operating cash flow per share was -RMB1.36 in 2025 and was -RMB4.69 for the six months to 30 Jun 2026, indicating continued cash pressure despite reported profits. This weak cash generation could impair the company's ability to fund operations or invest without external financing. 2025年每股经营现金流为-1.36元，截至2026年6月30日的六个月内为-4.69元，表明尽管账面盈利，但现金流压力持续存在。这种较弱的现金生成能力可能影响公司依靠自身资金维持运营或投资的能力。 |
- Change in attributable net profit for the full year 2026.
2026全年归母净利润变动情况。 - Operating cash flow per share for the full year 2026.
2026全年每股经营现金流。 - Revenue change in the second half of 2026 compared to the first half.
2026年下半年营业收入较上半年的变化。
- Company: Xgimi 极米科技, Shanghai Stock Exchange 688696; industry Audio-visual Appliances; listed 3 Mar 2021.
公司：极米科技，上海证券交易所 688696；行业：黑色家电；上市日期：2021年3月3日。 - Close on 24 Sep 2026 RMB83.58; close on 24 Sep 2025 RMB121.46, RMB119.87 in today's terms; one-year change, adjusted for distributions and share changes -30.3%.
2026年9月24日收盘价83.58元；2025年9月24日收盘价121.46元（前复权119.87元）；一年涨跌幅（复权）-30.3%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB60.60 to RMB124.50.
52周区间（前复权）60.60元至124.50元。 - In the last 12 months 3 trading days closed 9% or more above or below the day before (all days, not only this year). The 3 most recent of them: 3 Nov 2025 +9.0%; 10 Aug 2026 +9.3%; 1 Sep 2026 +10.4%. No two of the 3 fell on consecutive trading days.
近12个月共有3个交易日收盘涨跌幅达9%及以上（为全部交易日，不限于今年）。其中最近3个：2025年11月3日 +9.0%；2026年8月10日 +9.3%；2026年9月1日 +10.4%。其中任意两个交易日均不相邻。 - Market capitalisation RMB5.85bn; P/E TTM 42.4; price to book 1.99x.
总市值58.52亿元；市盈率（TTM）42.4；市净率1.99倍。 - Revenue 2025 RMB3.47bn; change +1.8%.
营业收入2025年34.67亿元；同比+1.8%。 - Attributable net profit 2025 RMB143.4m; change +19.4%.
归属于母公司股东的净利润2025年1.43亿元；同比+19.4%。 - Net profit excluding non-recurring items, 2025 change +24.0%.
2025年扣除非经常性损益后的净利润同比+24.0%。 - Basic EPS 2025 RMB2.13.
基本每股收益2025年2.13元。 - Operating cash flow per share 2025 -RMB1.36; operating cash flow to net profit -0.67x.
每股经营现金流2025年-1.36元；经营现金流与净利润之比-0.67倍。 - 2025 gross margin 32.2%; net margin 4.1%; ROE 5.0%.
2025年毛利率32.2%；净利率4.1%；净资产收益率5.0%。 - At 30 Jun 2026: liabilities to assets 50.2%; current ratio 1.73; quick ratio 1.05; receivable days 36; inventory days 222.
截至2026年6月30日：资产负债率50.2%；流动比率1.73；速动比率1.05；应收账款周转天数36；存货周转天数222。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB1.61bn, change -1.2%; attributable net profit RMB83.2m, change -6.2%; operating cash flow per share -RMB4.69.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入16.06亿元，同比-1.2%；归母净利润8,318.6万元，同比-6.2%；每股经营现金流-4.69元。 - Ownership: actual controller 钟波; largest holder at 30 Jun 2026: 钟波, 18.79%.
股权：实际控制人：钟波；2026年6月30日第一大股东：钟波，持股18.79%。 - Latest distribution: ex-date 19 May 2026, cash RMB1.18 per share.
最近一次分配：除权除息日2026年5月19日，每股现金1.18元。 - Aurelian Grade D, score 40.6 of 100, graded within a peer group of 9 companies in its industry; no rank among peers is given.
金源评级D，得分40.6（满分100），于行业同业9家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。