香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責任。 XIAOMI CORPORATION 小米集團 （於開曼群島註冊成立以不同投票股權控制的有限公司） （股份代號：1810） 截 至 2022 年 9 月 3 0 日止三個月及九個月之業績公告 小米集團（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其附屬公司（統稱「本 集團」）截至2022年9月30日止三個月及九個月的未經審核綜合業績。中期業績依據國際 會計準則第34號「中期財務報告」編製，已由本公司獨立核數師羅兵咸永道會計師事務所 根據國際審計及鑒證準則理事會頒佈的國際審閱準則第2410號「由實體的獨立核數師執 行中期財務資料審閱」審閱。中期業績亦由本公司審核委員會（「審核委員會」）審閱。 本公告內的「我們」指本公司，倘文義另有所指，指本集團。 摘要 | --- | --- | --- | --- | --- | --- | |------------------------------- ...

ml 股份代號：1810 小米集团 (於開曼群島註冊成立以不同投票權控制的有限公司) 2022年中期報告 㛮ᷯ㛡⟳␌灭劳㕉⎌ᷯ㕉䈊灮ⶴ㕾㛮℮⎺䵴䪛www.mi.com⎌倱Ṧ㈂䵴䪛 www.hkexnews.hk䘽廋˿↣怺㒉敳奿⛪᷌徲䵴䪛䘽廋ḍ℮⎺応姌灭⋇㊮Ἀ᷏ 昒㕾⸶⟳˾屣⊛⟳␌㐚奃灭⥄怫䓪灮˾ᷯ㛡⟳␌˾ᷯ㛡⟳␌㐚奃灭⥄怫䓪灮˾ 㛅嬲応␌˾᷌ⷄ㕉Ẹ˾応↿⎌ấ堪⦖ẽ堪㟾灮ầấ㛁ℸẽ㇘K悪⌲⇹㛮 ḍ偣㜳灱✉⎱奃㰄䳤⎘ᷯ㛡⟳␌ḍ⌲⇹㛮˿ ⶴ怺㒉㇘塭奘䁼ⶴ⏎パầ暽⬒㕻⻑㓸⎘℮⎺応姌㇘⛪㓸⎘㇘㿑奿㛮℮⎺䵴 䪛䘽廋ḍᷯ㛡⟳␌㘄怉⇲⚲暥䙆偣㜳灱⎱㕾㎒↼奃㰄⽎ℏ屽䌴䘾ᷯ㛡⟳␌ ⌲⇹㛮˿ 偣㜳⎱晪㘄⏓楛㷱嬋⇺䘽姚嘗灭悷 ⮆ ⛲ ✂ 䁼 楛 㷱 䀥 ẖ 䙉 ⏐ ⣩ 怕 㜳 183 嘡⏊ᷯ⾅ 17M㧕灮䘾 ↼ ⏊ 䏈 㚺 朤 応 䞧灱 ㇘ 忑 怐 暽 悷 ⛲ ✂ xiaomi.ecom@computershare.com.hk䘾↼応䞧灱奃㰄㚶㓻㈂怺㒉㓸⎘㛮℮ ⎺㖧⽎㈂㛋℮⎺応姌䙆㕻⻑灭㓸⎘⌲⇹㛮㇘忑怐㛮℮⎺䵴䪛ầ暽⬒㕻⻑㓸 ⎘灮⎌婠姂䈊㛮灭₇㓸⎘劳㕉䈊 炀㇘₇㓸⎘ᷯ㕉䈊 炀㇘⏎㘄㓸⎘ᷯ˾劳㕉 䈊灮˿ 䚰拆 憍佫 ℮⎺岉㕛 6 㐚奃 ...

Ladies and gentlemen, thank you for standing by and welcome to Xiaomi 2022 interim result announcement conference call. Today's conference is being recorded. If you have any objections, you may now disconnect at this time. If you have any questions you would like to raise during the question and answer section later, please press star 1 on your telephone keypad to register your questions. Should you wish to cancel your question, please press star 2. I'd now like to hand over the conference to your host toda ...

Ladies and gentlemen, thank you for standing by and welcome to Xiaomi 2022 first quarter result announcement conference call. Today's conference is being recorded. If you have any objections, you may now disconnect at this time. If you have any questions you would like to raise during the Q&A section, please press star 1 on your telephone keypad to register your questions. Should you wish to cancel the questions, please press star 2. I'd now like to hand the conference over to your host today, Ms. Anita Che ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何 責任。 XIAOMI CORPORATION 小米集團 （於開曼群島註冊成立以不同投票股權控制的有限公司） （股份代號：1810） 截 至 2022 年 3 月 3 1 日止三個月之業績公告 小米集團（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其附屬公司（統稱「本 集團」）截至2022年3月31日止三個月的未經審核綜合業績。中期業績依據國際會計準則 第34號「中期財務報告」編製，已由本公司獨立核數師羅兵咸永道會計師事務所根據國際 審計及鑒證準則理事會頒佈的國際審閱準則第2410號「由實體的獨立核數師執行中期財 務資料審閱」審閱。中期業績亦由本公司審核委員會（「審核委員會」）審閱。 本公告內的「我們」指本公司，倘文義另有所指，指本集團。 摘要 | --- | --- | --- | --- | --- | --- | |--------------------------------------- ...

Revenue and Profit - Revenue for 2021 reached RMB 328.3 billion, a significant increase from RMB 245.9 billion in 2020[30] - Gross profit for 2021 was RMB 58.3 billion, up from RMB 36.8 billion in 2020[30] - Operating profit for 2021 stood at RMB 26.0 billion, compared to RMB 24.0 billion in 2020[30] - Net profit attributable to the company's owners in 2021 was RMB 19.3 billion, slightly down from RMB 20.4 billion in 2020[30] - Adjusted net profit for 2021 was RMB 22.0 billion, up from RMB 13.0 billion in 2020[30] - Total revenue reached RMB 328.3 billion, a year-on-year increase of 33.5%[33] - Adjusted net profit was RMB 22 billion, up 69.5% year-on-year[33] - Gross profit rose by 58.5% from RMB 36.8 billion in 2020 to RMB 58.3 billion in 2021, with gross margin improving from 14.9% to 17.7%[73] - Adjusted net profit surged by 69.5% from RMB 13.0 billion in 2020 to RMB 22.0 billion in 2021[84] - Annual profit for 2021 was RMB 19,283,235 thousand with a net profit margin of 5.9%[143] - Non-IFRS annual profit for 2021 was RMB 22,039,474 thousand with a net profit margin of 6.7%[143] Assets and Liabilities - Total assets for 2021 amounted to RMB 292.9 billion, up from RMB 253.7 billion in 2020[31] - Non-current assets increased to RMB 107.0 billion in 2021 from RMB 77.4 billion in 2020[31] - Current assets for 2021 were RMB 185.9 billion, compared to RMB 176.3 billion in 2020[31] - Total equity attributable to the company's owners in 2021 was RMB 137.2 billion, up from RMB 123.7 billion in 2020[31] - Non-current liabilities for 2021 were RMB 39.7 billion, a significant increase from RMB 21.7 billion in 2020[31] - Cash and cash equivalents as of December 31, 2021, were RMB 23.5 billion[145] - Total cash resources as of December 31, 2021, were RMB 106 billion[145] - Asset-liability ratio as of December 31, 2021, was -31.1%, indicating a net cash position[146] - Total borrowings as of December 31, 2021, were RMB 26.2 billion, compared to RMB 25.9 billion as of September 30, 2021[153] Smartphone Business - Global smartphone shipments reached 190.3 million units, a year-on-year increase of 30.0%[36] - High-end smartphone shipments (priced above RMB 3,000 in China or €300 overseas) exceeded 24 million units, up from 10 million units in 2020[37] - Smartphone revenue reached RMB 208.9 billion, a year-on-year increase of 37.2%[39] - Smartphone segment revenue increased by 37.2% from RMB 152.2 billion in 2020 to RMB 208.9 billion in 2021, driven by higher shipment volume and ASP[63] - Smartphone shipments grew by 30.0% from 146.4 million units in 2020 to 190.3 million units in 2021, with ASP rising 5.6% from RMB 1,039.8 to RMB 1,097.5 per unit[63] - High-end smartphone shipments increased from 7% of total smartphone shipments in 2020 to 13% in 2021[63] - Smartphone shipments in Q4 2021 increased by 4.4% YoY to 44.1 million units, with ASP rising 13.3% to RMB 1,143.6 per unit[93] - Smartphone segment sales increased by 8.7% from RMB 41.7 billion in Q3 2021 to RMB 45.3 billion in Q4 2021, driven by higher shipment volumes[124] IoT and Lifestyle Products - IoT and lifestyle products revenue reached RMB 85 billion, a year-on-year increase of 26.1%[45] - IoT and lifestyle products revenue grew by 26.1% from RMB 67.4 billion in 2020 to RMB 85.0 billion in 2021, driven by smart TVs, Mi Pad 5 series, and smart air conditioners[64] - IoT and lifestyle product revenue in Q4 2021 grew 19.1% YoY to RMB 25.067 billion, driven by strong sales of smart TVs, tablets, and smartwatches[94] - IoT and lifestyle product revenue increased by 19.7% from RMB 20.9 billion in Q3 2021 to RMB 25.1 billion in Q4 2021, driven by higher sales of smart TVs, tablets, and robotic vacuum cleaners[119] - IoT and lifestyle products segment sales grew by 17.8% from RMB 18.5 billion in Q3 2021 to RMB 21.8 billion in Q4 2021, due to increased sales of IoT and lifestyle products[125] Internet Services - Internet service revenue reached RMB 28.2 billion in 2021, a year-over-year increase of 18.8%, with overseas internet service revenue growing 79.5% year-over-year in Q4 2021[47] - Internet services revenue increased by 18.8% from RMB 23.8 billion in 2020 to RMB 28.2 billion in 2021, with overseas internet services revenue surging 84.3% from RMB 2.7 billion to RMB 5.0 billion[66] - Internet service revenue in Q4 2021 increased by 17.7% YoY to RMB 7.27 billion, with overseas internet service revenue surging 79.5% to RMB 1.6 billion[96] - Internet services segment sales decreased by 10.3% from RMB 1.9 billion in Q3 2021 to RMB 1.7 billion in Q4 2021, primarily due to lower costs in other value-added services[126] R&D and Innovation - R&D expenditure reached RMB 13.2 billion, a year-on-year increase of 42.3%[36] - R&D expenditure reached RMB 13.2 billion in 2021, a year-on-year increase of 42.3%[54] - The company plans to invest over RMB 100 billion in R&D over the next five years[54] - R&D expenses increased by 42.3% from RMB 9.3 billion in 2020 to RMB 13.2 billion in 2021, mainly due to higher R&D personnel compensation[74] - R&D expenses increased by 24.1% from RMB 3.1 billion in Q4 2020 to RMB 3.9 billion in Q4 2021, primarily due to higher R&D personnel compensation and development-related expenses[104] - R&D expenses rose by 19.0% from RMB 3.2 billion in Q3 2021 to RMB 3.9 billion in Q4 2021, mainly due to increased development-related expenses[129] Overseas Market Performance - Overseas revenue accounted for 49.8% of total revenue, reaching RMB 163.6 billion, up 33.7% year-on-year[38] - Overseas market revenue reached RMB 163.6 billion in 2021, a year-over-year increase of 33.7%, accounting for 49.8% of total revenue[49] - Shipments of premium smartphones priced at €300 or above in overseas markets grew by over 160% year-over-year in 2021[50] User Base and Ecosystem - MIUI monthly active users reached 508.9 million, a year-on-year increase of 28.4%[36] - Connected IoT devices (excluding smartphones, tablets, and laptops) reached 434 million, up 33.6% year-on-year[36] - Global MIUI monthly active users reached 508.9 million in December 2021, a year-over-year increase of 28.4%[47] - AIoT connected devices (excluding smartphones, tablets, and laptops) reached 434 million by the end of 2021, a year-over-year increase of 33.6%[51] Advertising and Marketing - Advertising revenue reached RMB 18.1 billion in 2021, a year-over-year increase of 42.3%, driven by increased smartphone shipments and user base expansion[48] - Sales and marketing expenses increased by 22.9% from RMB 5.1 billion in Q4 2020 to RMB 6.3 billion in Q4 2021, driven by higher logistics and advertising costs[105] - Sales and marketing expenses increased by 28.1% from RMB 4.9 billion in Q3 2021 to RMB 6.3 billion in Q4 2021, driven by higher advertising and promotional expenses[130] Investments and Acquisitions - The company invested in over 390 companies with a total book value of RMB 60.3 billion, a 25.7% increase year-on-year[60] - The total book value of investments as of December 31, 2021, was RMB 60.3 billion, a 25.7% year-over-year increase[157] - Xiaomi completed the acquisition of Zimi on July 5, 2021, and Deepmotion Tech Limited on September 22, 2021, making both wholly-owned subsidiaries[158] - Fair value changes of investments recorded a gain of RMB 3.9 billion in Q4 2021, compared to a loss of RMB 2.0 billion in Q3 2021, due to improved market sentiment in China's tech sector[132] - Share of net profit from equity investments increased from RMB 45.1 million in Q3 2021 to RMB 247.1 million in Q4 2021, mainly due to dilution gains from Kingsoft Cloud[133] - Other net losses increased from RMB 0.5 billion in Q3 2021 to RMB 3.1 billion in Q4 2021, primarily due to impairment of equity investments, partially offset by gains from the disposal of investee companies[135] Cash Flow and Financing - Operating cash flow for 2021 was RMB 9.785 billion, a significant decrease from RMB 21.879 billion in 2020[85] - Investment cash outflow for 2021 was RMB 45.008 billion, primarily due to short-term bank deposits (RMB 13.9 billion), long-term investments (RMB 12.9 billion), and long-term bank deposits (RMB 8.4 billion)[87] - Financing cash inflow for 2021 was RMB 4.5 billion, driven by increased borrowings (RMB 9.2 billion) and funds from investors (RMB 3.5 billion), partially offset by share repurchases (RMB 7 billion)[88] - Capital expenditures for 2021 totaled RMB 20.268 billion, including RMB 7.169 billion in capital spending and RMB 13.099 billion in long-term investments[89] - Net cash generated from operating activities in Q4 2021 was RMB 11.7317 billion, compared to a net cash used in operating activities of RMB 10.2307 billion in Q3 2021[149] - Net cash used in investing activities in Q4 2021 was RMB 20.0715 billion, primarily due to changes in short-term investments at fair value (RMB 9.3 billion) and short-term bank deposits (RMB 7.2 billion)[151] - Net cash used in financing activities in Q4 2021 was RMB 550.1 million, mainly due to share repurchases (RMB 500 million) and lease liability payments (RMB 400 million), partially offset by an increase in borrowings (RMB 600 million)[152] - Capital expenditures for Q4 2021 totaled RMB 4.6025 billion, including RMB 2.0103 billion in capital expenditures and RMB 2.5922 billion in long-term investments[154] Smart Electric Vehicle Business - Smart electric vehicle business has a team of over 1,000 people, with mass production expected in the first half of 2024[56] Employee and Shareholder Information - As of December 31, 2021, Xiaomi had 33,427 full-time employees, including 14,592 R&D personnel, with total compensation expenses (including share-based compensation) of RMB 13.8 billion, a 39.4% increase year-over-year[159] - The company has conditionally granted a total of 400,906,827 unexercised B-class shares under the Pre-IPO Employee Share Option Scheme, representing approximately 1.6% of the company's issued shares as of the last practicable date[185] - During the reporting period, 71,118,410 B-class shares were exercised under the Pre-IPO Employee Share Option Scheme[185] - The total number of B-class shares that may be issued upon the exercise of all options granted under the Post-IPO Share Option Scheme and any other share option plans is 1,568,094,311, not exceeding 10% of the issued B-class shares as of the listing date, representing approximately 6.28% of the issued shares as of the last practicable date[190] - As of December 31, 2021, 233,500,000 options have been granted under the Post-IPO Share Option Scheme, with a total of 1,446,194,311 B-class shares available for issuance, representing approximately 5.79% of the company's issued share capital as of the last practicable date[195] - Total employee stock options granted under the post-IPO employee stock option plan amounted to 121,900,000 shares[196] - The maximum number of shares issuable under Xiaomi Financial Stock Option Plan II is 150,000,000 shares[199] - Xiaomi Financial Stock Option Plan I has a maximum issuable share limit of 42,070,000 shares, subject to adjustment for stock splits or dilution[199] - Lei Jun cannot be granted stock options if it would increase his beneficial interest in Xiaomi Financial above 28.0467%[199] - Stock options under Xiaomi Financial Stock Option Plan I can be exercised within 20 years from the grant date[200] - Xiaomi Financial Stock Option Plan II allows exercise of options without a minimum holding period[200] - Zhou Shouzi was appointed as an executive director effective March 24, 2021[197] - Xiaomi Financial Stock Option Plan II includes a wide range of eligible participants, including employees, directors, consultants, and business partners[198] - The exercise price for Xiaomi Financial stock options is determined at the time of grant[198] - Xiaomi Financial Stock Option Plan I aims to incentivize participants to enhance the value of Xiaomi Financial for shareholders[198] Corporate Governance and Financial Instruments - Xiaomi Best Time International Limited issued $600 million 3.375% senior notes due 2030[147] - Xiaomi Best Time International Limited issued $855 million zero-coupon convertible bonds due 2027[147] - Xiaomi issued $800 million in 2.875% senior bonds due in 2031 and $400 million in 4.100% senior green bonds due in 2051, both unconditionally and irrevocably guaranteed by the company[148] - The company's subsidiary, Xiaomi Best Time International Limited, issued $600 million of 3.375% senior notes due 2030, guaranteed by the company[170] - Xiaomi Best Time International Limited issued $855 million of zero-coupon guaranteed convertible bonds due 2027, with an initial conversion price of HK$36.74 per share[170] - Xiaomi Best Time International Limited issued $800 million of 2.875% senior notes due 2031 and $400 million of 4.100% senior green bonds due 2051, both guaranteed by the company[171] - The company repurchased a total of 418,697,200 Class B shares during the reporting period, with a total consideration of approximately HK$9,525,404,847[174] - The company's distributable reserves as of December 31, 2021, amounted to RMB 56,918.5 million[173] - The company made charitable donations of approximately RMB 22.5 million during the reporting period[169] - The company's total bank loans and borrowings as of December 31, 2021, are detailed in the annual report's "Management Discussion and Analysis" section and Note 34 of the consolidated financial statements[168] - The company's property and equipment changes during the reporting period are detailed in Note 15 of the consolidated financial statements[167] - The company's subsidiary details are provided in Note 12 of the consolidated financial statements[166] - The company's business review, including financial performance analysis, future development indicators, and major risks, is detailed in the "Chairman's Report" and "Management Discussion and Analysis" sections of the annual report[165] Other Financial Metrics - The hardware business's comprehensive net profit margin was less than 2.0% in 2021, fulfilling the company's commitment[60] - The company conducted privacy and data security checks on over 85,000 apps in the third quarter of 2021[57] - Q4 2021 revenue increased by 21.4% YoY to RMB 85.575 billion, with smartphone revenue contributing 59% (RMB 50.464 billion), IoT and lifestyle products 29.3% (RMB 25.067 billion), and internet services 8.5% (RMB 7.27 billion)[92] - Other revenue in Q4 2021 surged 363.3% YoY to RMB 2.775 billion, mainly due to the sale of apartment buildings and materials[97] - Cost of sales in Q4 2021 increased by 19.9% YoY to RMB 70.916 billion, with smartphone cost of sales rising 18.8% to RMB 45.346 billion[98][99] - IoT and lifestyle product division sales cost increased by 17.8% from RMB 18.5 billion in Q4 2020 to RMB 21.8 billion in Q4 2021, driven by higher sales of IoT and lifestyle products[100] - Internet services division sales cost decreased by 10

Ladies and gentlemen, thank you for standing by. And welcome to the Xiaomi 2021 fourth quarter and annual results announcement conference call today. Today's conference is being recorded. If you have any objections, you may now disconnect at this time. If you have any questions you would like to raise, you're in the Q&A section later. Please press star one on your telephone keypad to register your questions. If you wish to cancel the questions, please press star two. And now I'd like to hand the conference ...

ml 股份代號 : 1810 小米集团 (於開曼群島註冊成立以不同投票權控制的有限公司) 2021年中期報告 本 中 期 報 告（英 文 及 中 文 版）已 於 本 公 司 網 站www.mi.com及聯交所網站 www.hkexnews.hk登載。凡選擇閱覽在上述網站登載之公司通訊（包括但不 限於年報、財務報告摘要（如適用）、中期報告、中期報告摘要（如適用）、 會議通告、上市文件、通函及代表委任表格）以代替其任何或全部印刷本 之股東，均可要求索取中期報告之印刷本。 已選擇或被視為已同意以電子方式收取公司通訊或在收取或瀏覽本公司網 站登載之中期報告時遇到困難的股東，可於提出要求後免費獲發中期報告 印刷本。 股 東 可 隨 時 向 香 港 證 券 登 記 處（郵 寄 地 址 為 香 港 灣 仔 皇 后 大 道 東 183 號合和中心 17M樓）發 出 合 理 書 面 通 知， 或 透 過 電 郵 地 址 xiaomi.ecom@computershare.com.hk發出通知，要求更改所選擇收取本公 司日後所有公司通訊的方式（收取印刷本或透過本公司網站以電子方式收 取）及語言版本（僅收取英文版 ；或僅收取中文版 ...

Financial Performance - Xiaomi's revenue for 2020 reached 245.9 billion yuan, a year-on-year increase of 19.4%[6] - The company's adjusted net profit for 2020 was 13 billion yuan, up 12.8% year-on-year[6] - Revenue increased by 5% year-over-year in 2020, reaching $5 billion[7] - Revenue for 2021 increased by 15% compared to the previous year, driven by growth in AIoT and other new technologies[9] - Total revenue for 2020 reached 245.87 billion, representing a 19.4% year-over-year growth[16][20] - Net profit for 2020 was 24.03 billion, a significant increase compared to previous years[16] - Revenue for 2020 increased by 19.4% to RMB 245.9 billion compared to RMB 205.8 billion in 2019[39] - Operating profit for 2020 was RMB 36.8 billion, up from RMB 28.6 billion in 2019[38] - Net profit attributable to shareholders increased to RMB 20.3 billion in 2020 from RMB 10.1 billion in 2019[38] - Total revenue for 2020 reached 238 billion, a year-over-year increase of 19.7%[25] - Revenue for 2020 increased by 41.0% to 904.6 million compared to 2019, reaching 1,275.8 million[75] - Total revenue for the year reached 1,814.2 million, a 38.3% increase, driven by strong performance in the IoT and other segments[44] - Total revenue for 2020 reached 70,462.9 million, a 24.8% increase compared to 2019[62] - Net profit for 2020 was 8,795.0 million, up from 2,436.2 million in 2019[60] - Revenue for the fiscal year ending December 31, 2020, reached 22,074 million, an increase from 20,418 million in the previous year[117] - Net profit for the fiscal year ending December 31, 2020, was 15,363 million, with a significant increase in net profit margin[117] - Total revenue for the year ending December 31, 2020, was $491,799,970, with a net profit of $184,201,077[137] - The company's revenue for 2020 reached 139.3 billion, a 77.2% increase compared to the previous year[98] - The company's revenue for 2020 was 1,245.9 billion, a 40.5% increase compared to the previous year[99] - The company's revenue for 2020 was 586.3 billion, an 88.8% increase compared to the previous year[100] - Revenue for 2020 increased by 8.3% to 20,312,710, with a net profit margin of 5.3%[104] - The company's net profit for 2020 was 13,006,363, showing a strong financial performance[104] - Total revenue for the quarter ending December 31, 2020, was $13,527.5 million, a 10% increase from the previous quarter[110] - Net profit for the quarter ending December 31, 2020, was $22,375.7 million, a significant increase from the previous quarter's loss of $953.5 million[110] - Total revenue for the year ended December 31, 2020, was $62.66 billion[127] - The company reported a net income of $48.41 million for 2020, representing a 10.52% increase year-over-year[128][129] - Revenue for the year 2020 reached 107,930,000, representing a growth of 107.93% compared to the previous year[153] - Pinecone International's revenue reached 9,532,868, with a net profit margin of 48%[156] - Revenue in 2020 increased by 45% compared to 2019, reaching 763 million[180] - The company's net profit margin improved by 15% in 2020, driven by cost optimization and operational efficiency[183] Market Expansion and Global Presence - The company expanded its global market presence, with international markets accounting for a significant portion of its revenue[6] - In 2020, the company expanded its market presence in Southeast Asia, achieving a 15% market share in the region[7] - Overseas revenue accounted for 77.40 billion in 2020, showing strong international market expansion[17] - Xiaomi's overseas revenue grew by 34.1% year-over-year to 122.4 billion yuan, accounting for 49.8% of total revenue[21] - Market expansion strategy includes entering 3 new international markets in 2022[9] - Revenue from international markets accounted for 57.3% of total revenue in Q4 2020[27] - Market share in India reached 27.4% in Q4 2020, with a 13% increase year-over-year[27] - Revenue from overseas markets in 2020 was 382 billion, a 34.4% increase from 284 billion in 2019[70] - The company's market expansion strategy in 2021 focuses on increasing its market share by 30% through new product launches[141] - The company's market share in the Asia-Pacific region grew by 10% in 2020, driven by successful marketing campaigns[180] - The company's subsidiary, LinkedIn, expanded its market presence by entering new regions, contributing to a 47% increase in revenue[176] - Rokid Corporation Ltd's international revenue grew by 25% in 2020, with significant contributions from the European and North American markets[175] - Pinecone's market expansion strategy includes entering new regions with a focus on Southeast Asia and Latin America[158] R&D and Innovation - Xiaomi's R&D investment in 2020 increased by 23.5%, focusing on new technologies and product innovation[6] - In 2020, the company invested $500 million in new technology development, focusing on AI and IoT[8] - The company's R&D expenditure in 2020 was $1.5 billion, representing 15% of total revenue[7] - The company plans to invest $500 million in R&D for new AIoT products in the next fiscal year[9] - Xiaomi's R&D expenditure in 2020 reached 10 billion yuan, with plans to increase it further in the next few years[21] - In 2021, the company plans to expand its R&D team by over 5,000 engineers, focusing on AI, IoT, and 5G technologies[36] - The company's R&D expenses in 2020 were 2,892,323, reflecting a commitment to innovation[104] - The company's R&D expenses for the fiscal year ending December 31, 2020, were 40.3 million[126] - The company's R&D expenditure increased by 25% in 2020, reflecting its commitment to innovation[180] - Rokid Corporation Ltd invested in R&D for new technologies, resulting in a 30% increase in innovation-related projects from 2009 to 2018[175] - Rokid Corporation Ltd's R&D expenditure increased by 20% in 2020, focusing on AI and IoT technologies[175] - Pinecone's R&D investment increased by 12.6% compared to the previous year, focusing on AI and machine learning technologies[157] IoT and Smart Devices - The company's IoT and lifestyle products revenue grew significantly, contributing to the overall revenue growth[6] - Xiaomi's smart home ecosystem continued to grow, with over 213 million connected devices as of 2020[3] - The company launched a new AIoT platform in 2017, which has seen significant adoption, contributing to a 20% increase in IoT device sales[7] - IoT and lifestyle products revenue grew to 130 billion in 2020, up 12.8% year-over-year[20] - Xiaomi's AIoT platform connected devices reached 324.8 million units, a year-over-year increase of 38.0%[21] - Xiaomi's IoT and lifestyle products revenue reached 86.7 billion yuan, a year-over-year increase of 43.5%[21] - Revenue from IoT and lifestyle products in 2020 exceeded 30 billion yuan, with shipments surpassing 300 million units[22] - IoT device shipments in 2020 reached 674 million units, an increase of 8.6% year-over-year[23] - The company's IoT and lifestyle products revenue in Q4 2020 accounted for 20.6% of total revenue[24] - IoT and lifestyle products contributed 21,054.4 million, accounting for 29.9% of total revenue[63] - Revenue from IoT devices increased by 38.0% year-over-year, reaching 32.48 billion units[29] - The number of connected IoT devices (excluding smartphones and laptops) reached 324.8 million, a 38.0% increase year-over-year[29] - Revenue from IoT and lifestyle products in 2020 was 211 billion, up 8.0% from 195 billion in 2019[65] - IoT segment revenue in 2020 reached 18.1 billion, a 16.2% increase year-over-year, with operating income at 21.1 billion[87] - IoT segment's operating income for 2020 was 5.9 billion, up 20.3% year-over-year, with revenue at 7.1 billion[87] - IoT segment's operating margin in 2020 was 14.2%, compared to 12.1% in the previous year[93] - Revenue from IoT and smart devices grew by 29.9% to 21,054.4 million in 2020[85] - Rokid Corporation Ltd's market share in the smart home segment grew by 10% in 2020, driven by strong demand for its innovative solutions[175] Smartphone Performance - Xiaomi's global smartphone shipments in 2020 exceeded 130 million units, a 12.8% increase compared to the previous year[6] - Smartphone revenue in 2020 reached 705 billion, with a 24.8% year-over-year growth[20] - Xiaomi's smartphone market share in China increased to 14.6% in 2020, up from 9.2% in 2019[21] - Revenue from smartphone sales in 2020 reached 152.2 billion yuan, a year-on-year increase of 24.6%[22] - Smartphone shipments in 2020 totaled 146.4 million units, up 17.5% year-on-year[22] - Revenue from premium smartphones in 2020 was 42.6 billion yuan, a year-on-year increase of 38.4%[22] - Shipments of premium smartphones in 2020 reached 42.3 million units, up 29.7% year-on-year[22] - Market share of premium smartphones in 2020 increased to 14.6%, up from 9.2% in 2019[22] - The company's global smartphone shipments reached 48 million units in Q4 2020, a 31.7% year-over-year increase[35] - Revenue from smartphones in 2020 reached 426 billion, a 38.4% increase compared to 2019's 308 billion[64] - Smartphone ASP (Average Selling Price) in 2020 rose to 1,009.1, a 6.8% increase from 945.1 in 2019[64] - The company's market share in the smartphone segment increased to 8.7% in 2020, up from 7.2% in 2019, driven by new product launches like Mi 10 and Redmi series[51] - Revenue from smartphone sales increased by 135% year-over-year, reaching $135 million[111] User Base and Engagement - Xiaomi's user base expanded, with over 362 million monthly active users on its MIUI platform[3] - User base grew by 30% in 2020, with 130 million active users[8] - MIUI monthly active users reached 396.3 million in December 2020, a 28.0% increase year-over-year[19] - MIUI monthly active users grew to 396.3 million, up 28.0% year-over-year[21] - MIUI monthly active users reached 396.3 million in December 2020, a 28.0% increase year-over-year[25] - MIUI monthly active users grew to 480 million in December 2020, a 28.0% increase year-over-year[35] - MIUI monthly active users reached 309.6 million in December 2019, a 28.0% increase, and are projected to reach 396.3 million by December 2020[43] - MIUI monthly active users grew to 396.3 million in December 2020, a 28.0% increase from 309.6 million in December 2019[66] - The company's user base grew by 37.9% from 23 million in 2019 to 31 million in 2020[75] - The company's user base grew by 51% in 2020, with 20 million new users added since 2016[180] - The company achieved a 20% year-over-year growth in user base, highlighting successful market expansion[150] - Pinecone's user base grew by 20% year-over-year, reaching 1,118,806,541 users[163] - The company's subsidiary, LinkedIn, saw a 39% increase in revenue, reaching $700 million in 2020[176] - The company's subsidiary, LinkedIn, achieved a 44% increase in revenue, driven by a 51% increase in user engagement[177] - The company's subsidiary, LinkedIn, saw a 40% increase in revenue, reaching $1 billion in 2020[177] - The company's subsidiary, LinkedIn, achieved a 47% increase in revenue, driven by a 53% increase in user engagement[177] - The company's subsidiary, LinkedIn, saw a 51% increase in revenue, reaching $1.2 billion in 2020[177] - The company's subsidiary, LinkedIn, achieved a 53% increase in revenue, driven by a 51% increase in user engagement[177] Product Launches and Portfolio - The company launched new products, including the Mi Smart Camera Pro and Mi Air Purifier, to strengthen its product portfolio[4] - The company plans to launch a new product line in 2021, targeting a 20% increase in revenue from new products[7] - Redmi K40 series launched in February 2021 with a starting price of 1,999 yuan[22] - Redmi Note 9 series achieved cumulative shipments of 30 million units by the end of 2020[22] - The company launched the Redmi MAX 86" smart TV in February 2021, priced at 7,999 RMB[23] - The company launched the Redmi AX6000 Wi-Fi 6 router in December 2020, priced at 599 RMB[24] - The company launched the RedmiBook Pro laptop in February 2021, priced at 4,699 RMB[23] - The company launched 120W fast charging technology in 2020, significantly improving charging speeds[33] - The company plans to launch a new product line in 2021, targeting the premium segment of the market[180] - Rokid Corporation Ltd's revenue from new products accounted for 50% of total revenue in 2020, reflecting successful product diversification[175] - The company's new product launches contributed to a 28.0467% increase in customer engagement[149] Strategic Acquisitions and Partnerships - The company completed a $200 million acquisition of a competitor in Q4 2021[9] - The company completed a $3 billion IPO in 2018, with proceeds used for R&D and market expansion[7] - The company completed a share repurchase program, repurchasing 48,410,000 shares in 2020[129] - The company's subsidiary, Pinecone International, expanded its operations, contributing to the overall growth strategy[130] - Rokid Corporation Ltd expanded its market presence through strategic acquisitions, including a significant deal with GP Industries Limited in 2020[175] - Pinecone's merger and acquisition strategy includes targeting companies with a strong presence in emerging markets[161] - In 2021, the company completed a strategic acquisition worth 500,000 million, aimed at enhancing its market position[182] - The company has a history of partnerships with Google Inc. from 2006 to 2010 and Microsoft Corporation from 1995 to 2006[172] - The company was involved in the establishment of ADP Inc. in May 1993[172] - The company has a long history in the technology sector, starting from July 1990 with various partnerships and establishments[172] - The company has a significant presence in the design and technology education sector, with affiliations to Art Center College of Design since April 2010[173] - 5Y Capital, associated with the company since June 2007, has investments in Xunlei Limited (XNET), JOYY Inc. (YY), Agora, Inc. (API), and XPeng Inc. (XPEV)[173] - XPeng Inc. (XPEV) was established in August 2020[173] - The company's strategic acquisitions and partnerships resulted in a 3.8325% increase in operational efficiency[151] - Pinecone International's revenue growth was supported by strategic mergers and acquisitions[154] Financial Strategy and Capital Management - The company's debt-to-equity ratio improved by 44.5% in 2020, indicating better financial health[107] - The company's total liabilities decreased by 88.9% in 2020, showing effective debt management[107] - Xiaomi Best Time International Limited issued bonds worth $6 billion with a coupon rate of 3.375% maturing in 2030[108] - Xiaomi Best Time International Limited issued bonds worth $855 million with a coupon rate of 2.875% maturing in 2027[109] - The company issued 1,000,000,000 shares at 23.70 per share to Smart Mobile Holdings Limited on December 4, 2020[123] - The company issued 6 million shares at 3.375% interest to Xiaomi Best Time International Limited on April 29, 2020[126] - The company's total liabilities as of December 31, 2020, were 855 million, with a significant portion due