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Tag: Leading Position in Smart Living Market

Xiaomi’s Revenue Exceeds RMB200 Billion in 2019

Xiaomi’s Revenue Exceeds RMB200 Billion in 2019

Business, Business, Financial
All Segments Grow Despite Headwinds, Adjusted Net Profit of RMB 11.5 billion Both Beat ConsensusStrengthen Leading Position in Smart Living Market, Driven by Successful “Smartphone + AIoT” Dual-Engine StrategyHong Kong — Xiaomi Corporation (“Xiaomi” or the “Group”; Stock Code:1810), an internet company with smartphone and smart hardware connected by an Internet of Things(“IoT”) platform at its core, today announced its audited consolidated results for the year ended December 31, 2019.In 2019, Xiaomi achieved solid growth across all business segments. The Group’s total revenue exceeded RMB200 billion for the first time, reaching RMB205.8 billion, up 17.7% year-on-year (“YoY”), representing a 9-year CAGR of 112%. Adjusted net profit was RMB11.5 billion, up 34.8% YoY.In the f