The first electric news on November 18, Xiaomi Group today released its third-quarter 2024 financial report, with strong performance, setting a record high.
In the third quarter, Xiaomi Group’s total revenue reached 92.
5 billion yuan, a year-on-year increase of 30.
5%, and adjusted net profit was 6.
3 billion yuan, a year-on-year increase of 4.4%. 
, in terms of new energy vehicles, the target of delivering 100,000 new vehicles was completed ahead of schedule on November 18.
Rush towards the delivery target of 130,000 units for the whole year of 2024.
For the production version of Xiaomi SU7 Ultra alone, orders exceeded 3680 units within 10 minutes of release.
The modified model will be officially released in March 2025.
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, in terms of smartphone business, Xiaomi’s global smartphone shipments reached 43.
1 million units in the third quarter, a year-on-year increase of 3.1%. According to Canalys data, Xiaomi ranked among the top three in global smartphone shipments, with a market share of 13.
8%, ranking among the top three in the world for 17 consecutive quarters.
The revenue from the mobile phone xAIoT segment was RMB 82.
8 billion, a year-on-year increase of 16.
8%, and the revenue from the innovative business segment such as smart electric vehicles was RMB 9.
7 billion.
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, in terms of IoT business, high-tech home appliances are frequently available.
Global shipments of tablets increased by 58.
4% year-on-year, ranking among the top five in the world, and China ranked third.
shipments of air conditioners exceeded 1.
7 million units, a year-on-year increase of over 55%.
shipments of washing machines exceeded 480,000 units, a year-on-year increase of over 50%.
The number of monthly users of Xiao ‘ai reached 135 million.
, Xiaomi Group CEO Lei Jun said that this is the best quarterly report in Xiaomi’s history, demonstrating the company’s strong growth and solid improvement of market leadership in multiple business areas such as new energy vehicles, smartphones and IoT.
Xiaomi Group continues to increase its R & D investment.
R & D expenditure in this quarter reached RMB 5.
5 billion, an increase of 20.
7% compared with the same period last year, bringing greater certainty to the company’s long-term development.
Many investment banks are optimistic about the long-term development of “people, cars, homes and whole ecosystems”.
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