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[News] Xiaomi Achieves Strong Growth Across All Business Segments in FY2018

2019-03-19 10:34:24
682 24
Xiaomi Corporation (“Xiaomi” or the “Group”; Stock Code: 1810), an internet company with smartphones and smart hardware connected by an Internet of Things (“IoT”) platform at its core, today announced its audited consolidated results for the year ended December 31, 2018 (“FY2018”).
  • Xiaomi Achieves Strong Growth Across All Business Segments in FY2018
  • Revenue Soars 52.6% to RMB174.9 Billion
  • International Revenue Up 118.1% to RMB70.0 Billion
  • Net Profit Reaches RMB13.478 Billion

The Group recorded a strong revenue of approximately RMB174.9 billion, representing a year-on-year increase of 52.6%, among which international revenue grew 118.1% year-on-year to RMB 70.0 billion, accounting for 40% of its total revenue. Net profit for year 2018 was approximately RMB13.478 billion. Adjusted net profit (Non-IFRS Measure) grew by 59.5% year-on-year to RMB8.6 billion.

FY2018 Financial Highlights
  • Total revenue was RMB174,915.4 million, an increase of 52.6% year-on-year
  • Gross profit was RMB22,191.9 million, an increase of 46.4% year-on-year
  • Net profit was RMB13.48 billion
  • Non-IFRS adjusted net profit was RMB8,555 million, an increase of 59.5% year-on-year
  • Earnings per share were RMB0.843

Xiaomi Founder, Chairman and CEO Mr. Lei Jun, said: “In 2018, Xiaomi continued to shine – even in the face of fierce competition from domestic and international peers – thanks to our unique and powerful “triathlon” business model. During 2018, our large home appliances business emerged from a nascent vertical to a robust business unit, and we also entered the white goods market. Besides, 2018 also marked the start of our overseas IoT business expansion. The strategies to which Xiaomi adheres, such as adopting multi-brand strategy in our smartphone business, strengthening the performance of the high-end market, accelerating the development of new retail channels and focusing on AI development and application, all yielded remarkable results during FY2018. In 2019, we officially launched the “smartphone + AIoT” dual-engine strategy. With the upcoming 5G deployment, we believe there will be more opportunities available for AIoT in the future. We expect to invest over RMB10.0 billion in the development in AIoT in the next 5 years to capture this exciting opportunity. A strong growth across all business segments in 2018 reinforces our confidence in the business and we are positive that we are able to reach our full potential in 2019.”


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2019-03-19 10:34:24
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Super moderator

rayhanh | from Redmi Note 4X

#1

that's great!
2019-03-19 10:38:48
Rayhan Hasan,
Super Moderator, Mi Community Bangladesh.
Wow, That's good news for every Mi fans and Mi lover
2019-03-19 10:39:41

Techie Team

Mahmud Af Nahin | from Redmi Note 5

#3

That's Great news
2019-03-19 10:40:30

Intern Moderator

Emdad | from Redmi 5

#4

great news.
2019-03-19 10:45:05
Emdadul Haque,
Intern Moderator, Mi community Bangladesh
Great News
2019-03-19 10:51:32
Regards,

Md Mahadi Hasan
Super Moderator
Mi Community Bangladesh
Sounds great. Thank you for sharing the news.
2019-03-19 11:54:56
Best Regards,
Shah Md. Sultan
Super Moderator, Mi Community Bangladesh
Very big news.
2019-03-19 12:38:21

Moderator

Mainul Hasan Rohan | from Redmi Note 5

#8

It's cool     
2019-03-19 13:16:41
Moderator, Mi Community Bangladesh

I ❤️ Mi
Great News
2019-03-19 13:42:22

Master Bunny

M. Ahsan Ullah | from Redmi Note 5

#10

wow!!Great news
2019-03-19 14:16:44
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