Xiaomi (HK:1810) has released an update.
Xiaomi Corporation reports a robust growth in revenue and profitability, with a record-breaking total revenue of RMB 88.9 billion in Q2 2024, marking a 32% increase year-over-year. The company’s smartphone and AIoT segments remain strong, while its new smart Electric Vehicle initiative is gaining momentum with the launch of the Xiaomi SU7 Series. Global smartphone shipments have maintained Xiaomi’s top three global ranking, with an impressive 28.1% growth in shipments and a significant increase in monthly active users to 675.8 million.
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