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小米集团-W(01810) - 2020 - 年度财报
01810XIAOMI(01810)2021-04-26 09:32

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 5billion[7]−Revenuefor2021increasedby155 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]−Thecompany′srevenuefor2020reached139.3billion,a77.2184,201,077[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 22,375.7million,asignificantincreasefromthepreviousquarter′slossof22,375.7 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 62.66billion[127]−Thecompanyreportedanetincomeof62.66 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 700millionin2020[176]−Thecompany′ssubsidiary,LinkedIn,achieveda44700 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 1.2billionin2020[177]−Thecompany′ssubsidiary,LinkedIn,achieveda531.2 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