XGIMI Technology: Subsidiary Receives Development Scheduling Notice from Domestic Leading Automotive OEM

From China Securities Journal · China Securities Network

China Securities Journal China Securities Network News (Reporter Wu Keren): On the evening of March 18, Jimi Technology announced that its wholly-owned subsidiary, Yibin Jimi Optoelectronics Co., Ltd., recently received a development and designated supplier notification from a well-known domestic automotive OEM. Yibin Jimi will become the in-vehicle projection supplier for a certain model of this customer. Yibin Jimi will strictly follow the customer’s order requirements, completing the development, testing, validation, production preparation, and delivery of the specified products within the designated timeframe.

Jimi Technology stated that since entering the automotive field, the company has secured designated supplier status from multiple new energy vehicle customers and well-known automotive OEMs. Projects include smart cockpit and smart headlamp components. The company’s in-vehicle products have been recognized by renowned automotive industry chain customers both domestically and internationally. The company will continue to deepen technological innovation, develop innovative solutions, and maintain excellent production quality management. It will work closely with customers, actively respond to their strategic plans and needs, and expand more high-quality customers and projects to promote the sustained and healthy development of its automotive optical business.

The announcement shows that this designation is a direct result of Jimi Technology’s implementation of the “Quality Improvement and Efficiency Enhancement” strategy. It is a high-quality commercialization project for the company’s in-vehicle business, aligning with the company’s long-term development plan for this sector. The acquisition and implementation of this project will help the company expand and sustain its smart cockpit display business, enhance its sustainable development capabilities, and benefit the company and its shareholders.

Jimi Technology stated that this development and designated supplier notification does not constitute an order or sales contract. The project is not expected to have a significant impact on this year’s operating performance. However, after mass production of the involved products, the company will recognize revenue based on the actual order delivery situation from the customer. It is expected that the project will have a positive impact on the company’s operating performance over its lifecycle.

Public information shows that Jimi Technology’s main business is the research, development, production, and sales of smart projection products, as well as providing accessories and internet value-added services related to smart projection for consumers. Additionally, the company is continuously expanding projection application scenarios, entering the fields of automotive smart cockpits and smart headlamps, providing customers with in-vehicle optical solutions.

Performance brief indicates that in 2025, Jimi Technology achieved operating revenue of 3.467 billion yuan, a year-on-year increase of 1.85%; net profit attributable to the parent was 143 million yuan, up 19.25%; and net profit after non-recurring gains and losses was 114 million yuan, up 23.99%.

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