2024-11-18 12:23Financial Performance - Group revenue reached RMB 92.5 billion, a 30.5% year-over-year increase[11] - Adjusted net profit was RMB 6.3 billion, up 4.4% year-over-year[11] - Cash resources totaled RMB 151.6 billion, an 18.7% year-over-year increase[11] - Smart EV and other new initiatives revenue reached RMB 9.7 billion, a 52.3% quarter-over-quarter increase[11] Business Highlights - Global smartphone shipments ranked 3 with a 13.8% market share[14] - AIoT connected devices reached 861.4 million, a 23.2% year-over-year increase[14] - Number of Vehicle Delivered 39,790[14] - Global MAU reached 685.8 million, a 10.1% year-over-year increase[14] Strategic Initiatives - Xiaomi HyperOS 2 was launched, aiming for an AI-based ecosystem[25] - Offline store expansion continued, with over 13,000 stores in Mainland China as of Q3 2024[28] - The company is committed to increasing investment in research and development, with expenses reaching approximately RMB 24 billion in 2024 and an estimated RMB 30 billion in 2025[19, 20]