On August 21, Xiaomi Group released its
second quarter performance report as of June 30, 2024. The financial report
shows that in the second quarter of 2024, Xiaomi Group's total revenue was RMB
88.9 billion, a record high, a year-on-year increase of 32%.
In terms of business, Xiaomi's mobile phone
xAIoT department had revenue of 82.5 billion yuan in the quarter, and
innovative business departments such as smart electric vehicles had revenue of
6.4 billion yuan.
In the second quarter of 2024, Xiaomi
Group's adjusted net profit was 6.2 billion yuan, a year-on-year increase of
20.1%, including an adjusted net loss of 1.8 billion yuan for innovative
businesses such as smart electric vehicles.
In this quarter, Xiaomi continued to
promote the full ecological group strategy of people, cars and homes. In the
second quarter of 2024, Xiaomi's global smartphone shipments reached 42.2
million units, a year-on-year increase of 28.1%.
According to Canalys data, Xiaomi ranked in
the top three in global smartphone shipments this quarter, with a market share
of 14.6%, and was the brand with the fastest year-on-year growth in shipments
among the top five.
In June 2024, Xiaomi's global active user
base hit a new record high of 675.8 million, a year-on-year increase of 11.5%.
As of June 30, 2024, the number of IoT
devices (excluding smartphones, tablets and laptops) connected to the Xiaomi
AIoT platform has increased to 822.2 million, a year-on-year increase of 25.6%.
In the second quarter of 2024, the Xiaomi
SU7 series delivered 27,307 new vehicles. It is expected that the goal of
delivering 100,000 vehicles of the Xiaomi SU7 series will be completed ahead of
schedule in November 2024, and the new goal of delivering 120,000 new vehicles
in 2024 will be achieved.
As of June 30, 2024, Xiaomi Group's cash
reserves were RMB 141 billion.