Xiaomi reported strong financial results for 2024:
- Total revenue reached RMB 365.9 billion, up 35% year-over-year
- Adjusted net profit was RMB 27.2 billion, up 41.3% year-over-year
- Core business profit (excluding new initiatives) hit RMB 33.5 billion, up 29% year-over-year
- Smartphone shipments grew 15.7% to 168.1 million units globally
- IoT revenue exceeded RMB 100 billion for the first time, up 30% year-over-year
- Internet services revenue reached RMB 34.1 billion, up 13% year-over-year
- EV business delivered 136,854 units with an average selling price of RMB 234,470

Key strategic focus areas highlighted:
1. Continued R&D investment (RMB 24.1 billion in 2024)
2. Expanding premium product strategy globally
3. Enhancing new retail model in China and overseas
4. Driving AI integration across product lines
5. Targeting 350,000 EV deliveries in 2025
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.