Xiaomi Reports Record 2024 Revenue of RMB 365.9B, Up 35% YoY; EV Business Ramps Up

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Yesterday

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.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1113271416"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1113271416\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1113271416?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-18 21:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1113271416","market":"hk","top_or_hot":-1,"title":"Xiaomi Reports Record 2024 Revenue of RMB 365.9B, Up 35% YoY; EV Business Ramps Up","media":"Live Track","content":"<br>Xiaomi reported strong financial results for 2024:<br>- Total revenue reached RMB 365.9 billion, up 35% year-over-year<br>- Adjusted net profit was RMB 27.2 billion, up 41.3% year-over-year <br>- Core business profit (excluding new initiatives) hit RMB 33.5 billion, up 29% year-over-year<br>- Smartphone shipments grew 15.7% to 168.1 million units globally<br>- IoT revenue exceeded RMB 100 billion for the first time, up 30% year-over-year<br>- Internet services revenue reached RMB 34.1 billion, up 13% year-over-year<br>- EV business delivered 136,854 units with an average selling price of RMB 234,470<br><br>Key strategic focus areas highlighted:<br>1. Continued R&D investment (RMB 24.1 billion in 2024)<br>2. Expanding premium product strategy globally <br>3. Enhancing new retail model in China and overseas<br>4. Driving AI integration across product lines<br>5. Targeting 350,000 EV deliveries in 2025<br>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.","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xiaomi Reports Record 2024 Revenue of RMB 365.9B, Up 35% YoY; EV Business Ramps Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi Reports Record 2024 Revenue of RMB 365.9B, Up 35% YoY; EV Business Ramps Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1002722034\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Live Track </p>\n<p class=\"h-time\">2025-03-18 21:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<br>Xiaomi reported strong financial results for 2024:<br>- Total revenue reached RMB 365.9 billion, up 35% year-over-year<br>- Adjusted net profit was RMB 27.2 billion, up 41.3% year-over-year <br>- Core business profit (excluding new initiatives) hit RMB 33.5 billion, up 29% year-over-year<br>- Smartphone shipments grew 15.7% to 168.1 million units globally<br>- IoT revenue exceeded RMB 100 billion for the first time, up 30% year-over-year<br>- Internet services revenue reached RMB 34.1 billion, up 13% year-over-year<br>- EV business delivered 136,854 units with an average selling price of RMB 234,470<br><br>Key strategic focus areas highlighted:<br>1. 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It does not constitute investment advice or commitments.\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XIACY","symbol_name":"小米集团ADR","start_time":0,"source_url":"","article_id":"1113271416","we_media_id":"1002722034","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113271416","pubTimestamp":1742302872,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Live Track","introduction":"real-time reporting","home_visible":1,"id":"1002722034","head_image":"https://community-static.tradeup.com/news/5b82af1deb17dfa8f94b4741b9ea2738"},"summary":"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  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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"81810":"小米集团-WR","XIACY":"小米集团ADR","01810":"小米集团-W"},"translate_title":"小米公布2024年收入创历史新高，达到人民币365.9 B元，同比增长35%；电动汽车业务增长","themeId":"c6c590377e6a4b4b8a4950ace5774714","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":1,"01810":1,"XIACY":1},"content_text":"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 234,470Key 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 overseas4. Driving AI integration across product lines5. Targeting 350,000 EV deliveries in 2025Disclaimer: 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.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"earningsCall","news_rank":0,"symbols":[],"gpt_button":1}}}