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  • Xiaomi Q2 Earnings Summary

    Revenue: ¥115.96 billion (Estimated ¥114.94 billion) ; 30.5% YoY increase; 4.2% QoQ increase
    Operating Profit: ¥13.44 billion (Estimated ¥10.43 billion) ; 128% YoY increase
    Net Income: ¥11.90 billion (Estimated ¥8.88 billion) ; 134% YoY increase
    Adjusted Net Income: ¥10.83 billion (Estimated ¥10.23 billion) ; 75% YoY increase
    Gross Profit: ¥26.1 billion; 42% YoY increase
    Gross Margin: 22.5%; 1.8% YoY increase

    Segment Results:
    Smartphone × AI IoT Revenue: ¥94.7 billion; 15% YoY increase
    Smartphones: ¥45.5 billion; 2% YoY decrease; shipments 42.4 million (0.6% YoY increase)
    Internet of Things & Lifestyle: ¥38.7 billion; 45% YoY increase
    Internet Services: ¥9.1 billion; 10% YoY increase; 75% profit margin
    Smart Electric Vehicle, AI & Startups: ¥21.3 billion; 234% YoY increase
    Electric Vehicle Deliveries: 81,302 units (198% YoY increase); ASP ¥253,662 (+11% YoY)

    Operational Metrics:
    Global Smartphone Shipments: 42.4 million; 14.7% market share (Top 3 globally, 20th consecutive quarter)
    Connected Internet of Things (IoT) Devices: 989 million (+20% YoY)
    Global Monthly Active (MAU): 731 million (+8% YoY)
    R&D Expenditure: ¥7.8 billion (+41% YoY)

    Cash and Liquidity:
    Operating Cash Flow: ¥23.5 billion
    Cash and Cash Equivalents: ¥36 billion

    Management Comment:
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    "Premium strategy drives share gains in China's 4,000-6,000 RMB smartphone lineup."
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