Xiaomi Group’s adjusted net profit in the first half of the year reached 8.37 billion yuan, a year-on-year increase of 69.5%, and advertising revenue hit a record high

Xiaomi Group released its second quarter and semi-annual report tonight. Revenue in the second quarter was 67.35 billion yuan, a year-on-year decrease of 4.0%; adjusted net profit was 5.14 billion yuan, a year-on-year increase of 147.0%

Xiaomi Group’s total revenue in the first half of the year was 126.83 billion yuan, a year-on-year decrease of 11.6%; The adjusted net profit in the first half of the year was 8.37 billion yuan, a year-on-year increase of 69.5%.

This site learned from the financial report that Xiaomi Group’s smartphone segment revenue decreased from RMB 42.3 billion in the second quarter of 2022 13.4% to RMB 36.6 billion in the second quarter of 2023, primarily due to a decrease in smartphone shipments, partially offset by an increase in smartphone average selling prices.

As of June 2023, the number of global MIUI monthly active users has reached 606 million, a year-on-year increase of 10.8%. As of June 30, 2023, the number of connected IoT devices (excluding smartphones, tablets and laptops) on the Xiaomi AIoT platform has increased to 654.5 million, a year-on-year increase of 24.2%

Second in 2023 In the quarter, Xiaomi Group's advertising business revenue was RMB 5.1 billion, a year-on-year increase of 13.0%, and revenue hit a record high. With the deepening of refined advertising operations and the growth of high-end smartphone users, both domestic and overseas performance and brand advertising revenue hit record highs this quarter.

Xiaomi Group’s smart home appliances maintain strong development momentum. In the second quarter of 2023, revenue increased by more than 70% year-on-year, mainly due to the significant increase in smart air conditioner shipments in mainland China, which hit a single-quarter record high

Revenue from smart TVs and laptops increased from 2022 RMB 5.3 billion in the second quarter decreased by 10.1% to RMB 4.7 billion in the second quarter of 2023, mainly due to the decline in revenue from smart TVs and laptops in overseas markets, partly driven by the export of smart TVs in mainland China. offset by an increase in cargo volume.

Xiaomi Group’s R&D expenditure in the second quarter of 2023 reached 4.6 billion yuan, a year-on-year increase of 21.0%. Xiaomi Group plans to invest more than 100 billion yuan in R&D in the five years from 2022 to 2026. As of June 30, 2023, the number of R&D personnel of Xiaomi Group reached 16,834, accounting for nearly 52% of the total number of employees. Advertising statement: This article contains external jump links (including but not limited to hyperlinks, QR code, password, etc.), aiming to provide more information and save screening time. The results are for reference only. Please note that all articles on this site contain this statement

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