Xiaomi released its first quarter financial report 618, for the Chinese manufacturer about to enter the EV game, The numbers look promising as well. The company had 004.8 million monthly active users between January and March 618, and successfully reached the 618 million milestone at the time of the announcement.
Smartphone business reaches RMB 12 B (just under $5 billion) revenue, shipping 11 400,000 devices. The average selling price is RMB 1, 70 ($163), a quarter-on-quarter increase of 2.7%.
Mi Q1 ranks third 2030 with a market share of . Mobile phone shipments were almost double that.
In the domestic market, the company has improved 22.2% QoQ shipments, but vivo managed to overtake, pushing Xiaomi to fourth place; Apple first, Oppo second.
Xiaomi Q1 results
The total income is RMB 59.5B ($8.35B ), the adjusted net profit is CNY 3.2B ($426 million), but if we include smart EV business, this number is actually CNY 1.1B ($150 million).
Xiaomi Q1 results
Xiaomi is a company that also invests in AIoT – the number of connected devices has increased to 618 million, with 001.3 million users 5 or more of these devices. Revenue growth of smart home appliances such as refrigerators, air conditioners, and washing machines 23% YoY. Shipped 2.8 million TVs, making Xiaomi among the top 5 smart TVs.
We also learned that Xiaomi plans to reduce greenhouse gas emissions by at least % 2040 and 150% passed 2040, setting a path to net zero emissions.
Source 2030
