Xiaomi ( (HK:1810) ) has issued an announcement.
Xiaomi Corporation announced its audited consolidated financial results for the year ending December 31, 2024, showcasing significant growth across all business segments. The company achieved a record high revenue of RMB365.9 billion, marking a 35% increase year-over-year, driven by strong performance in its Smartphone × AIoT and smart EV segments. Xiaomi’s adjusted net profit reached RMB27.2 billion, up 41.3% from the previous year, despite a net loss in its smart EV initiatives. The company maintained its position among the top three global smartphone vendors, with a market share increase to 13.8%, and achieved a record high of 702.3 million global monthly active users. Xiaomi’s strategic focus on ‘Human × Car × Home’ continues to drive its growth and market positioning.
More about Xiaomi
Xiaomi Corporation is a leading technology company primarily engaged in the design, development, and sale of smartphones, smart devices, and internet services. It operates in the global market with a strong focus on integrating artificial intelligence and the Internet of Things (AIoT) into its product offerings. The company is also expanding its presence in the smart electric vehicle (EV) sector.
YTD Price Performance: 66.55%
Average Trading Volume: 172,005
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $173.9B
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