Xiaomi Group 3Q Report Is Available: The Revenue Was 72.2 Billion Yuan ($10.95 Billion)

Recently, we have presented Xiaomi’s share price record. Today, in the afternoon, Xiaomi released the Xiaomi Group 3Q report, which is fantastic but not surprising. As expected, the Chinese giant manufacturer had a tangible increase in revenue.

Thus, in the 3Q 2020, Xiaomi Group’s total revenue reached RMB 72.2 billion. The year-on-year increase was 34.5% in comparison with the 3Q 2019 revenue (RMB 53.6 billion). The adjusted net profit reached RMB 4.1 billion, which is an 18.9% year-on-year increase.

It goes without saying that the most lucrative branch of production was the smartphone market. The Xiaomi Group’s smartphone revenue in the third quarter was RMB 47.6 billion (a year-on-year increase of 47.5%). Besides, the smartphone shipments amounted to 46.6 million units, which is a 45.3% year-on-year increase.

Xiaomi’s overseas market revenue hit a high record in a single quarter reaching RMB 39.8 billion. That one was a 52.1% year-on-year increase. The revenue of Xiaomi’s AIoT and consumer products segment reached RMB 18.1 billion (a year-on-year increase of 16.1%). So, the Xiaomi Group 3Q report proves that even the epidemic cannot disturb its production, shipments, and sales.

Source

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