Xiaomi introduced its monetary effects for This autumn 2024 and all the 12 months. The corporate reported a earnings of CNY 365.9 billion ($50.5 billion), surroundings a brand new list. This represents a vital 35% build up from the former 12 months, pushed by means of sturdy performances throughout all sectors: smartphones, electrical automobiles, IoT, and web services and products.
The smartphone earnings reached CNY 191.8 billion ($26.5 billion), accounting for 52% of general gross sales. Xiaomi offered 169 million devices in 2024, rating some of the best 3 smartphone producers in 56 international locations and some of the best 5 in 13 extra international locations.
The file highlighted a momentum in category-wide premiumization, raising the top class marketplace to new heights. Xiaomi captured 24.3% of the CNY 4,000 – 5,000 ($550-$700) value section and 9.7% within the CNY 5,000 – 6,000 ($700-$850) section vary.
Globally, the Xiaomi ecosystem boasts 700 million Per 30 days Energetic Customers (MAU), with simply 170 million positioned in China. This determine encompasses smartphone customers, good house tool homeowners, wearables, or even EVs.
Talking of electrical automobiles Xiaomi greater its deliveries with each and every quarter, totaling 136,854 automobiles offered in 2024. After the corporate already reached 200,000 devices overall the day gone by, the supply function for 2025 used to be adjusted upwards to 350,000 devices.
Xiaomi SU7 Extremely
Xiaomi disclosed having 21,190 people engaged in analysis and construction. The funding in R&D amounted to CNY 24.1 billion ($3.3 billion), with plans to spice up spending by means of 25%, aiming for CNY 30 billion ($4.15 billion) in 2025.
Supply
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