Baidu plans to reduce Chengdu Xgimi Technology Co.Ltd(688696) no more than 4.28% of its shares, with a Book floating profit of more than 600 million yuan

“Projection leader” Chengdu Xgimi Technology Co.Ltd(688696) restricted shares lifted, and Baidu’s floating profit may reach 1.727 billion yuan.

On March 3, Chengdu Xgimi Technology Co.Ltd(688696) ( Chengdu Xgimi Technology Co.Ltd(688696) . Sh, Chengdu Xgimi Technology Co.Ltd(688696) ) announced that the shareholders of Chengdu Xgimi Technology Co.Ltd(688696) (hereinafter referred to as ” Chengdu Xgimi Technology Co.Ltd(688696) “) and Beijing Baidu Biwei enterprise management center (limited partnership) (hereinafter referred to as “Baidu Biwei”) planned to reduce the total number of shares by no more than 2139700, That is, not more than 4.28% of the total share capital of the company.

Among them, baidu.com plans to reduce the number of shares by bidding and block trading, which will not exceed 1277000 shares, accounting for 2.55% of the total share capital; Baidu Biwei plans to reduce its holdings of no more than 862700 shares through competitive trading and block trading, accounting for 1.73% of the total share capital. The reasons for the reduction are their own capital needs.

The announcement said that Baidu Netnews and Baidu Biwei are enterprises controlled by the same actual controller and persons acting in concert. They hold a total of 5.804 million shares of the company, accounting for 11.61% of the total share capital of the company. The above shares are from the shares before the company’s initial public offering, and the restrictions on sale have been lifted and listed on March 3, 2022.

After the reduction, baidu Netcom holds Chengdu Xgimi Technology Co.Ltd(688696) no less than 7.33% of the company’s shares and remains the second largest shareholder of Chengdu Xgimi Technology Co.Ltd(688696) and Baidu Biwei no longer holds Chengdu Xgimi Technology Co.Ltd(688696) shares.

Chengdu Xgimi Technology Co.Ltd(688696) official website shows that Chengdu Xgimi Technology Co.Ltd(688696) is a high-tech company focusing on the field of intelligent projection and laser TV, integrating design, R & D, manufacturing, sales and service.

On February 25, Chengdu Xgimi Technology Co.Ltd(688696) released the performance express, which said that the total operating revenue in 2021 was 4.046 billion yuan, an increase of 43.06% year-on-year (compared with the same period of the previous year); The net profit attributable to the owners of the parent company was 489 million yuan, a year-on-year increase of 81.79%; The basic earnings per share increased by 42.26% year-on-year to 10.20 yuan.

Chengdu Xgimi Technology Co.Ltd(688696) was listed on the science and innovation board in March 2021, with an issue price of 133.73 yuan. On the first day of listing, it soared by more than 350% and the highest share price reached 883.78 yuan. As of the closing on March 3, Chengdu Xgimi Technology Co.Ltd(688696) ( Chengdu Xgimi Technology Co.Ltd(688696) . SH) closed down 4.56% to close at 431.20 yuan.

According to the data, the total number of Chengdu Xgimi Technology Co.Ltd(688696) lifted shares is 21371800, with a market value of 9.216 billion yuan.

Among them, the number of shares lifted by baidu.com was 4.9416 million, with a market value of 2.131 billion yuan. Baidu Biwei lifted the ban on 862700 shares, with a market value of 372 million yuan.

In terms of yield, Chengdu Xgimi Technology Co.Ltd(688696) the overall yield of the lifting of the ban is as high as 222.44%. According to the calculation, based on the closing price of Chengdu Xgimi Technology Co.Ltd(688696) 43120 yuan / share on March 3, the price difference per share compared with the issue price is 297.48 yuan. Baidu is the two companies, with a total floating profit of 1.727 billion yuan.

Baidu Netnews and Baidu Biwei will reduce their holdings of no more than 2139700 shares, and are expected to make a profit of 637 million yuan. Among them, baidu.com reduced its holdings of no more than 1277000 shares, or made a profit of 380 million yuan. Baidu Biwei reduced its holdings of no more than 862700 shares, or made a profit of 257 million yuan.

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