Xiaomi 2024 Results: Record Revenue, Profit; Strong Growth in Smartphones, AIoT, and EV

Live Track

Yesterday

Xiaomi Group held its 2024 annual results conference call. Key highlights:
1. Record-breaking performance: Total revenue reached 365.9 billion yuan, up 35% YoY. Adjusted net profit hit 27.2 billion yuan, up 41% YoY.
2. Smartphone business: Shipments increased over 15%, outpacing top 5 manufacturers. Global market share rose 1 percentage point to 13.8%.
3. AIoT business: Revenue exceeded 100 billion yuan for the first time. Smart TV business grew over 55% YoY.
4. Xiaomi EV: Delivered 113,600 units in the first 9 months, with over 248,000 orders.
5. High-end strategy: Market share in 4,000-6,000 yuan segment in mainland China increased from 5.6% to 16.8% over five years.
6. Retail expansion: Aims to have 20,000 Mi Home stores in mainland China and 10,000 overseas stores in the next five years.
7. R&D investment: Plans to invest 300 billion yuan in R&D in 2025, totaling over 100 billion yuan from 2021 to 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.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. 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/1143190997"},"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:\"1143190997\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/1143190997?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-18 20:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1143190997","market":"us","top_or_hot":-1,"title":"Xiaomi 2024 Results: Record Revenue, Profit; Strong Growth in Smartphones, AIoT, and EV","media":"Live Track","content":"<br>Xiaomi Group held its 2024 annual results conference call. Key highlights:<br>1. Record-breaking performance: Total revenue reached 365.9 billion yuan, up 35% YoY. Adjusted net profit hit 27.2 billion yuan, up 41% YoY.<br>2. Smartphone business: Shipments increased over 15%, outpacing top 5 manufacturers. Global market share rose 1 percentage point to 13.8%.<br>3. AIoT business: Revenue exceeded 100 billion yuan for the first time. Smart TV business grew over 55% YoY.<br>4. Xiaomi EV: Delivered 113,600 units in the first 9 months, with over 248,000 orders.<br>5. High-end strategy: Market share in 4,000-6,000 yuan segment in mainland China increased from 5.6% to 16.8% over five years.<br>6. Retail expansion: Aims to have 20,000 Mi Home stores in mainland China and 10,000 overseas stores in the next five years.<br>7. R&D investment: Plans to invest 300 billion yuan in R&D in 2025, totaling over 100 billion yuan from 2021 to 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 2024 Results: Record Revenue, Profit; Strong Growth in Smartphones, AIoT, and EV</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 2024 Results: Record Revenue, Profit; Strong Growth in Smartphones, AIoT, and EV\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 20:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<br>Xiaomi Group held its 2024 annual results conference call. Key highlights:<br>1. Record-breaking performance: Total revenue reached 365.9 billion yuan, up 35% YoY. Adjusted net profit hit 27.2 billion yuan, up 41% YoY.<br>2. Smartphone business: Shipments increased over 15%, outpacing top 5 manufacturers. Global market share rose 1 percentage point to 13.8%.<br>3. AIoT business: Revenue exceeded 100 billion yuan for the first time. Smart TV business grew over 55% YoY.<br>4. Xiaomi EV: Delivered 113,600 units in the first 9 months, with over 248,000 orders.<br>5. High-end strategy: Market share in 4,000-6,000 yuan segment in mainland China increased from 5.6% to 16.8% over five years.<br>6. Retail expansion: Aims to have 20,000 Mi Home stores in mainland China and 10,000 overseas stores in the next five years.<br>7. R&D investment: Plans to invest 300 billion yuan in R&D in 2025, totaling over 100 billion yuan from 2021 to 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.\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01810","symbol_name":"小米集团-W","start_time":0,"source_url":"","article_id":"1143190997","we_media_id":"1002722034","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1143190997","pubTimestamp":1742301678,"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 Group held its 2024 annual results conference call. Key highlights:1. Record-breaking performance: Total revenue reached 365.9 billion yuan, up 35% YoY. Adjusted net profit hit 27.2 billion yuan, up 41% YoY.2. Smartphone business: Shipments increased over 15%, outpacing top 5 manufacturers. Global market share rose 1 percentage point to 13.8%.3. AIoT business: Revenue exceeded 100 billion yuan for the first time. Smart TV business grew over 55% YoY.4. Xiaomi EV: Delivered 113,600 units in","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"81810":"小米集团-WR","01810":"小米集团-W","XIACY":"小米集团ADR"},"translate_title":"小米2024年业绩：营收、利润创历史新高；智能手机、AIoT和EV强劲增长","themeId":"c6c590377e6a4b4b8a4950ace5774714","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":1,"01810":1,"XIACY":1},"content_text":"Xiaomi Group held its 2024 annual results conference call. Key highlights:1. Record-breaking performance: Total revenue reached 365.9 billion yuan, up 35% YoY. Adjusted net profit hit 27.2 billion yuan, up 41% YoY.2. Smartphone business: Shipments increased over 15%, outpacing top 5 manufacturers. Global market share rose 1 percentage point to 13.8%.3. AIoT business: Revenue exceeded 100 billion yuan for the first time. Smart TV business grew over 55% YoY.4. Xiaomi EV: Delivered 113,600 units in the first 9 months, with over 248,000 orders.5. High-end strategy: Market share in 4,000-6,000 yuan segment in mainland China increased from 5.6% to 16.8% over five years.6. Retail expansion: Aims to have 20,000 Mi Home stores in mainland China and 10,000 overseas stores in the next five years.7. R&D investment: Plans to invest 300 billion yuan in R&D in 2025, totaling over 100 billion yuan from 2021 to 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.","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}}}