Company: YIBO
Filing Date: 2025-06-03
Form Type: F-3
Source: 0001213900-25-050771
Chunk: 17

Company: Planet Image International Ltd
Filing Date: 2025-06-03
Form: F-3
Chunk 17
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 toner cartridges
that can be used with this new printer model in a short period of time. With their efficient production team and sales team, the operating
subsidiaries are generally able to make their compatible toner cartridges available for sale within three to six months after the launch
of a new printer model. We believe that the short time-to-market for the products of the operating subsidiaries is a key competitive advantage.

We believe that the integrated business model
of the operating subsidiaries, encompassing a value chain from our research and development, patented technology, manufacturing, and operating
localized sales branches and online sales channels allows the operating subsidiaries to capture industry opportunities in a timely manner
and provides us with significant growth potential.

<div align='center'>3</div>

What have we accomplished During the years ended December 31, 2022, 2023, and 2024, our revenue was primarily generated from North America and Europe. Our revenue grew from US$142.1 million for the year ended December 31, 2022 to US$150.2 million for the year ended December 31, 2023, representing a compound annual growth rate (“CAGR”) of 5.7%. Our net profit increased from US$7.2 million for the year ended December 31, 2022 to US$7.8 million for the year ended December 31, 2023, representing a CAGR of 7.4%. Our revenue decreased from US$150.2 million for the year ended December 31, 2023 to US$149.8 million for the year ended December 31, 2024, representing a CAGR of 0.3%. Our net profit decreased from US$7.8 million for the year ended December 31, 2023 to US$7.1 million for the year ended December 31, 2024, representing a CAGR of 8.5%. Summary of Risk Factors Investing in our securities involves significant risks. You should carefully consider all of the information in this prospectus before making an investment in our securities. Below please find a summary of the principal risks we face, organized under relevant headings. These risks are discussed more fully under “ Item 3. Key Information—D. Risk Factors” in the 2024 Annual Report. Risks Related to Doing Business in the PRC (for a more detailed discussion, see “Item 3. Key Information—D. Risk Factors—Risks Related to Doing Business in