, a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an Internet of Things platform at its core, announced its unaudited consolidated results for the three months ended September 30, 2023 .
In Q3, Xiaomi’s cash resources continue to exhibit an upward trend, reaching a new high of RMB151.6 billion as of September 30, 2024. In Q3, Xiaomi’s smartphone revenue reached RMB47.5 billion, an increase of 13.9% YoY. It continued to make significant progress in its smartphone premiumization strategy.
IoT business gross profit margin reaches a new high, with air conditioner and washing machine shipments growing by over 50% According to Canalys, Xiaomi’s global tablet shipment continued to achieve rapid growth, maintaining No. 5 ranking globally and No. 3 ranking in mainland China. The shipment of Xiaomi’s
Xiaomi will strive to achieve the delivering of 130,000 vehicles for the entire year of 2024. Xiaomi’s sales and service network is also rapidly expanding, with 127 smart EV sales centres across 38 cities in mainland China as of September 30, 2024, driving the Group to speed up the delivery.completed its Nürburgring Nordschleife lap challenge, breaking the record for “The Nürburgring Nordschleife World’s Fastest Four-Door Car” with a time of 6’ 46”874.
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