XIAOMI(XIACY) - 2023 Q3 - Earnings Call Transcript

Andy Meng - Morgan Stanley Thompson Wu - UBS Huang Leping - Huatai Total revenue for Q3 reached RMB 70.9 billion. Year-on-year growth has been realized. We continue to deliver solid performance in profitability and net margin reaching RMB 6 billion, remarkable 183% year-on-year growth in the Q3 of 2023, excluding RMB 1.7 billion expenditures related to our smart EV business and other new initiatives. Our core business adjusted profit reached RMB 7.7 billion. In the meantime, we have also upgraded our strate ...