Financial Performance - Xiaomi's total revenue reached RMB 365.9 billion, a 35.0% year-over-year increase[10] - Adjusted net profit was RMB 27.2 billion, up 41.3% year-over-year[10] - The gross profit margin was 20.9%[10] - R&D expenses are expected to exceed RMB 100 billion from 2021 to 2025[18] Smartphone Business - Global smartphone shipments ranked No 3 with a 13.8% market share in 2024[13] - Mainland China smartphone market share increased by 1.7 percentage points year-over-year[13] - Premium smartphones accounted for 23.3% of total smartphone units sold in Mainland China, an increase of 3.0 percentage points[13] - Smartphone revenue reached RMB 191.8 billion, up 21.8% year-over-year[105] AIoT and Smart EV - IoT and lifestyle products revenue reached RMB 104.1 billion, up 30.0% year-over-year[108] - Smart EV and other new initiatives revenue reached RMB 32.8 billion[10, 112] - Delivered 136,854 vehicles in 2024 and targets 350,000 vehicle deliveries in 2025[13, 72]
XIAOMI(XIACY) - 2024 Q4 - Earnings Call Presentation