Xiaomi Reports Record 2024 Revenue of 365.9B Yuan, Up 35% YoY; EV Deliveries Reach 136,854 Units

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1. Xiaomi reported record 2024 revenue of 365.9 billion yuan, up 35% year-on-year. Adjusted net profit reached 27.2 billion yuan, up 41.3%.

2. Smartphone business revenue was 191.8 billion yuan in 2024, up 21.8% year-on-year. Global smartphone shipments increased 15.7% to 168.1 million units.

3. IoT business revenue exceeded 100 billion yuan for the first time, reaching 104.1 billion yuan, up 30% year-on-year. Gross margin improved to 20.3%.

4. Internet services revenue hit a record high of 34.1 billion yuan, up 13% year-on-year.

5. Smart electric vehicle business delivered 136,854 units in 2024, with an average selling price of 234,470 yuan. The segment loss narrowed to 6.2 billion yuan.

6. R&D expenses increased 25.9% to 24.1 billion yuan in 2024. The company plans to invest 30 billion yuan in R&D in 2025.

7. For 2025, Xiaomi aims to deliver 350,000 electric vehicles and expand production capacity. The company expects its core business to maintain strong growth momentum.
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.

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Adjusted net profit reached 27.2 billion yuan, up 41.3%.<br><br>2. Smartphone business revenue was 191.8 billion yuan in 2024, up 21.8% year-on-year. Global smartphone shipments increased 15.7% to 168.1 million units.<br><br>3. IoT business revenue exceeded 100 billion yuan for the first time, reaching 104.1 billion yuan, up 30% year-on-year. Gross margin improved to 20.3%.<br><br>4. Internet services revenue hit a record high of 34.1 billion yuan, up 13% year-on-year.<br><br>5. Smart electric vehicle business delivered 136,854 units in 2024, with an average selling price of 234,470 yuan. The segment loss narrowed to 6.2 billion yuan.<br><br>6. R&D expenses increased 25.9% to 24.1 billion yuan in 2024. The company plans to invest 30 billion yuan in R&D in 2025.<br><br>7. For 2025, Xiaomi aims to deliver 350,000 electric vehicles and expand production capacity. The company expects its core business to maintain strong growth momentum.<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 365.9B Yuan, Up 35% YoY; EV Deliveries Reach 136,854 Units</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 365.9B Yuan, Up 35% YoY; EV Deliveries Reach 136,854 Units\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 21:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<br>1. Xiaomi reported record 2024 revenue of 365.9 billion yuan, up 35% year-on-year. Adjusted net profit reached 27.2 billion yuan, up 41.3%.<br><br>2. Smartphone business revenue was 191.8 billion yuan in 2024, up 21.8% year-on-year. Global smartphone shipments increased 15.7% to 168.1 million units.<br><br>3. IoT business revenue exceeded 100 billion yuan for the first time, reaching 104.1 billion yuan, up 30% year-on-year. Gross margin improved to 20.3%.<br><br>4. Internet services revenue hit a record high of 34.1 billion yuan, up 13% year-on-year.<br><br>5. Smart electric vehicle business delivered 136,854 units in 2024, with an average selling price of 234,470 yuan. The segment loss narrowed to 6.2 billion yuan.<br><br>6. R&D expenses increased 25.9% to 24.1 billion yuan in 2024. The company plans to invest 30 billion yuan in R&D in 2025.<br><br>7. For 2025, Xiaomi aims to deliver 350,000 electric vehicles and expand production capacity. The company expects its core business to maintain strong growth momentum.<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":"81810","symbol_name":"小米集团-WR","start_time":0,"source_url":"","article_id":"1162139962","we_media_id":"1002722034","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1162139962","pubTimestamp":1742304139,"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":"1. Xiaomi reported record 2024 revenue of 365.9 billion yuan, up 35% year-on-year. Adjusted net profit reached 27.2 billion yuan, up 41.3%.2. Smartphone business revenue was 191.8 billion yuan in 2024","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365.9 B元，同比增长35%；电动汽车交付量达到136,854辆","themeId":"c6c590377e6a4b4b8a4950ace5774714","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":1,"01810":1,"XIACY":1},"content_text":"1. Xiaomi reported record 2024 revenue of 365.9 billion yuan, up 35% year-on-year. Adjusted net profit reached 27.2 billion yuan, up 41.3%.2. Smartphone business revenue was 191.8 billion yuan in 2024, up 21.8% year-on-year. Global smartphone shipments increased 15.7% to 168.1 million units.3. IoT business revenue exceeded 100 billion yuan for the first time, reaching 104.1 billion yuan, up 30% year-on-year. Gross margin improved to 20.3%.4. Internet services revenue hit a record high of 34.1 billion yuan, up 13% year-on-year.5. Smart electric vehicle business delivered 136,854 units in 2024, with an average selling price of 234,470 yuan. The segment loss narrowed to 6.2 billion yuan.6. R&D expenses increased 25.9% to 24.1 billion yuan in 2024. The company plans to invest 30 billion yuan in R&D in 2025.7. For 2025, Xiaomi aims to deliver 350,000 electric vehicles and expand production capacity. The company expects its core business to maintain strong growth momentum.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}}}