For the past decade, home projectors were considered a supplement to traditional TVs. But today, they’ve become a lifestyle choice. Young users are creating personal cinemas in their bedrooms, streaming live sports while camping, or even using projectors as smart home hubs.
XGIMI’s 2024 Financial Report: Global Expansion Pays Off
- Total Revenue: ¥3.414 billion
- International Market Revenue: ¥1.205 billion, accounting for over 35%
- Gross Margin in International Market: 46.55%, more than double that of the China market
- Operating Profit: ¥86.06 million (up 164.43% YoY)
- Total Profit: ¥87.12 million (up 188.15% YoY)
- Net Profit Attributable to Shareholders: ¥122 million (up 1.14% YoY)
Q4 highlights: Revenue ¥1.132 billion, Net Profit ¥162 million—an incredible 375% YoY growth, reversing prior losses.
The “Reverse Globalization” Strategy: From Chengdu to Silicon Valley
Unlike many Chinese consumer brands that begin their international expansion in Southeast Asia or India, XGIMI started with the most competitive battleground: Silicon Valley, USA.
In 2016, XGIMI launched its first international trial on crowdfunding platforms like Indiegogo and Kickstarter. Their flagship model, the Z4 Aurora, featured high design standards, 4K resolution, and rich sound quality—elements that were lacking in U.S. home projectors at the time. The device quickly gained traction and marked XGIMI’s first major international breakthrough.
This bold “start with the hard market” approach paid off. From the U.S., XGIMI expanded to Japan, Germany, France, and beyond. Today, the company boasts:
- 5 million+ global unit sales
- 4,500+ offline stores
- Presence in 45 countries
What Makes XGIMI’s Global Playbook Work?
1. Relentless Focus on R&D
XGIMI allocates 11% of its revenue to research and development—far above industry average. While competitors compete through subsidies and price wars, XGIMI invests in perfecting fundamentals like auto-focus, keystone correction, brightness, and color accuracy.
Localized innovation examples:
- Japan: Minimalist ceiling-mounted models to satisfy homemakers
- US/EU: Horizon Ultra with Netflix button for high-end home cinema
- Southeast Asia: Simplified remotes for ease of use
2. Localized Operations and Branding
XGIMI doesn’t just translate Chinese product pages—it builds local partnerships and invests in regional brand building. Founder Zhong Bo emphasizes the importance of on-the-ground teams and channels.
3. Omnichannel Sales Strategy
XGIMI combines online platforms with a growing offline presence:
- Online: Amazon, independent DTC websites
- Local: BestBuy (USA), Darty (France), El Corte Inglés (Spain), Tsutaya Electrics (Japan)
Projectors: The Next Evolution Beyond Television
While most brands chase easy markets and short-term sales, XGIMI chose the hard path—investing in technology, design, and localization.
According to a 2024 survey by Steelcase Institute, the percentage of middle-class households in international markets considering Chinese brands for smart home products rose by 17% YoY.
XGIMI’s success proves that going global isn’t about selling cheap goods—it’s about setting new standards and reimagining user needs through innovation and purpose.
