Xiaomi Key Executives
This section highlights Xiaomi's key executives, including their titles and compensation details.
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Xiaomi Earnings
This section highlights Xiaomi's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-18 | $0.03 | $0.05 |
| Read Transcript | Q3 | 2024 | 2024-11-18 | $0.03 | $0.03 |
| Read Transcript | Q2 | 2024 | 2024-08-21 | $0.03 | $0.03 |
| Read Transcript | Q1 | 2024 | 2024-05-23 | $0.03 | $0.02 |
| Read Transcript | Q4 | 2023 | 2024-03-20 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-20 | N/A | N/A |
Xiaomi Corporation, an investment holding company, provides hardware, software, and internet services in Mainland China, India, Europe, and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products. The Internet Services segment provides advertising services and internet value-added services; and engages in the online game and fintech businesses. The Others segment offers hardware repair services for its products. The company also engages in the wholesale and retail of smartphones and ecosystem partners' products; development and sale of software, hardware, and electronic products; procurement and sale of smartphones, ecosystem partners' products, and spare parts; procurement of raw materials; and operation of retail stores. It is also involved in the research and development of computer software and information technology; property management and commercial factoring activities; e-commerce and market research businesses; sale of e-books; investment, asset management, project investment, property management, and investment consulting, as well as technology diffusion, transfer, and consulting activities; and provision of internet finance, consumer loan, virtual banking, software related, information technology advisory, electronic payment, and internet services. Xiaomi Corporation was incorporated in 2010 and is headquartered in Beijing, the People's Republic of China.
$7.15
Stock Price
$179.39B
Market Cap
-
Employees
Beijing, None
Location
Financial Statements
Access annual & quarterly financial statements for Xiaomi, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $270.97B | $280.04B | $328.31B | $245.87B | $205.84B |
| Cost of Revenue | $213.49B | $232.47B | $270.05B | $209.11B | $177.28B |
| Gross Profit | $57.48B | $47.58B | $58.26B | $36.75B | $28.55B |
| Gross Profit Ratio | 21.21% | 16.99% | 17.70% | 14.95% | 13.87% |
| Research and Development Expenses | $19.10B | $16.03B | $13.17B | $9.26B | $7.49B |
| General and Administrative Expenses | $5.13B | $5.11B | $4.74B | $3.75B | $3.10B |
| Selling and Marketing Expenses | $19.23B | $21.32B | $20.98B | $14.54B | $10.38B |
| Selling General and Administrative Expenses | $24.35B | $26.44B | $25.72B | $18.29B | $13.48B |
| Other Expenses | $-5.98B | $-1.01B | $-657.18M | $-561.52M | $-305.86M |
| Operating Expenses | $37.47B | $41.46B | $38.23B | $26.98B | $20.67B |
| Cost and Expenses | $250.96B | $273.92B | $308.28B | $236.09B | $197.95B |
| Interest Income | $3.56B | $2.25B | $1.23B | $963.55M | $930.89M |
| Interest Expense | $1.56B | $1.13B | $2.84B | $3.36B | $528.46M |
| Depreciation and Amortization | $4.84B | $3.71B | $3.06B | $1.71B | $1.38B |
| EBITDA | $28.40B | $8.77B | $24.28B | $13.53B | $9.87B |
| EBITDA Ratio | 10.48% | 3.84% | 7.39% | 5.50% | 4.80% |
| Operating Income | $20.01B | $7.05B | $26.03B | $11.82B | $8.49B |
| Operating Income Ratio | 7.38% | 2.52% | 7.93% | 4.81% | 4.13% |
| Total Other Income Expenses Net | $2.00B | $-3.12B | $-1.61B | $-2.40B | $402.43M |
| Income Before Tax | $22.01B | $3.93B | $24.42B | $21.63B | $12.16B |
| Income Before Tax Ratio | 8.12% | 1.40% | 7.44% | 8.80% | 5.91% |
| Income Tax Expense | $4.54B | $1.43B | $5.13B | $1.32B | $2.06B |
| Net Income | $17.48B | $2.47B | $19.34B | $20.36B | $10.04B |
| Net Income Ratio | 6.45% | 0.88% | 5.89% | 8.28% | 4.88% |
| EPS | $0.69 | $0.10 | $0.78 | $0.85 | $0.42 |
| EPS Diluted | $0.69 | $0.10 | $0.76 | $0.83 | $0.41 |
| Weighted Average Shares Outstanding | 25.33B | 24.83B | 24.93B | 23.99B | 23.75B |
| Weighted Average Shares Outstanding Diluted | 25.32B | 25.30B | 25.51B | 24.67B | 24.51B |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $- | $88.89B | $75.51B | $73.24B | $70.89B | $67.35B | $59.48B | $66.05B | $70.47B | $70.17B | $73.35B | $85.58B | $78.06B | $87.79B | $76.88B | $70.46B | $72.16B | $53.54B | $49.70B | $56.47B |
| Cost of Revenue | $- | $70.49B | $58.68B | $57.63B | $54.78B | $53.19B | $47.89B | $54.67B | $58.75B | $58.40B | $60.64B | $70.92B | $63.77B | $72.64B | $62.72B | $59.14B | $62.00B | $45.84B | $42.14B | $48.63B |
| Gross Profit | $- | $18.39B | $16.83B | $15.61B | $16.11B | $14.16B | $11.59B | $11.38B | $11.72B | $11.77B | $12.71B | $14.66B | $14.29B | $15.15B | $14.16B | $11.33B | $10.17B | $7.70B | $7.56B | $7.84B |
| Gross Profit Ratio | 0.00% | 20.70% | 22.30% | 21.30% | 22.70% | 21.00% | 19.50% | 17.20% | 16.60% | 16.80% | 17.30% | 17.10% | 18.30% | 17.30% | 18.40% | 16.07% | 14.09% | 14.39% | 15.21% | 13.89% |
| Research and Development Expenses | $- | $5.50B | $5.16B | $5.46B | $4.97B | $4.55B | $4.11B | $4.70B | $4.07B | $3.76B | $3.49B | $3.85B | $3.24B | $3.06B | $3.01B | $3.11B | $2.32B | $1.96B | $1.87B | $2.25B |
| General and Administrative Expenses | $- | $1.18B | $1.52B | $1.48B | $1.37B | $1.14B | $1.14B | $1.30B | $1.26B | $1.32B | $1.24B | $1.33B | $1.27B | $1.15B | $987.65M | $1.28B | $852.72M | $836.43M | $781.53M | $904.61M |
| Selling and Marketing Expenses | $- | $5.90B | $5.48B | $5.91B | $4.74B | $4.48B | $4.10B | $5.85B | $4.88B | $5.33B | $5.26B | $6.25B | $4.88B | $5.68B | $4.16B | $5.09B | $3.60B | $3.22B | $2.62B | $3.70B |
| Selling General and Administrative Expenses | $- | $7.08B | $7.00B | $7.39B | $6.10B | $5.62B | $5.24B | $7.15B | $6.14B | $6.65B | $6.50B | $7.58B | $6.16B | $6.83B | $5.15B | $6.37B | $4.45B | $4.06B | $3.41B | $4.61B |
| Other Expenses | $- | $-73.85M | $- | $-367.74M | $119.81M | $71.22M | $-164.83M | $-463.49M | $-195.67M | $200.27M | $-125.87M | $-570.70M | $-472.30M | $1.10B | $87.35M | $-768.53M | $139.29M | $-27.73M | $-510.19M | $-305.86M |
| Operating Expenses | $- | $12.51B | $12.16B | $12.86B | $10.94B | $9.99B | $9.19B | $11.39B | $10.01B | $10.61B | $9.87B | $11.40B | $9.16B | $9.66B | $8.08B | $8.84B | $6.88B | $5.87B | $5.20B | $7.47B |
| Cost and Expenses | $- | $83.00B | $70.84B | $70.49B | $65.72B | $63.18B | $57.07B | $66.06B | $68.76B | $69.01B | $70.51B | $82.31B | $72.93B | $82.30B | $70.80B | $67.98B | $68.87B | $51.71B | $47.35B | $56.09B |
| Interest Income | $- | $876.88M | $1.54B | $1.06B | $971.59M | $915.15M | $678.15M | $1.15B | $455.13M | $379.99M | $495.33M | $313.98M | $317.99M | $322.65M | $909.22M | $- | $219.69M | $221.79M | $130.90M | $547.65M |
| Interest Expense | $- | $86.21M | $- | $416.60M | $95.60M | $258.99M | $1.11B | $698.98M | $284.81M | $376.18M | $495.33M | $845.04M | $1.26B | $1.37B | $- | $- | $1.23B | $540.58M | $- | $- |
| Depreciation and Amortization | $- | $1.16B | $1.39B | $1.23B | $1.64B | $1.03B | $925.08M | $950.54M | $931.01M | $947.41M | $878.43M | $876.09M | $800.19M | $728.04M | $657.33M | $93.10M | $639.27M | $155.67M | $351.92M | $347.94M |
| EBITDA | $- | $7.05B | $6.15B | $3.99B | $7.50B | $5.21B | $6.58B | $1.06B | $1.48B | $2.03B | $2.88B | $4.73B | $5.02B | $11.05B | $6.09B | $10.67B | $6.92B | $5.63B | $2.62B | $2.98B |
| EBITDA Ratio | 0.00% | 7.93% | 8.03% | 5.44% | 8.86% | 6.60% | 5.25% | 1.61% | 2.11% | 2.28% | 8.71% | 3.43% | 6.43% | 7.84% | 5.23% | 15.14% | -0.18% | -1.53% | 4.04% | 5.27% |
| Operating Income | $- | $5.89B | $4.67B | $2.76B | $5.01B | $4.04B | $5.90B | $3.36B | $1.03B | $1.20B | $-911.26M | $4.42B | $2.73B | $10.73B | $8.16B | $9.60B | $6.70B | $5.41B | $2.32B | $2.70B |
| Operating Income Ratio | 0.00% | 6.62% | 6.18% | 3.77% | 7.07% | 6.00% | 9.92% | 5.08% | 1.46% | 1.71% | -1.24% | 5.16% | 3.50% | 12.22% | 10.61% | 13.63% | 9.28% | 10.11% | 4.67% | 4.78% |
| Total Other Income Expenses Net | $- | $790.66M | $400.71M | $556.71M | $875.99M | $915.15M | $-429.50M | $448.00M | $170.32M | $538.41M | $495.33M | $-531.07M | $-942.57M | $-1.05B | $909.22M | $-741.03M | $-1.25B | $-545.23M | $130.90M | $19.19M |
| Income Before Tax | $- | $6.68B | $5.07B | $5.61B | $5.89B | $4.96B | $5.47B | $3.80B | $-1.19B | $1.74B | $-415.93M | $3.88B | $1.79B | $9.68B | $9.07B | $8.86B | $5.45B | $4.87B | $2.45B | $2.72B |
| Income Before Tax Ratio | 0.00% | 7.51% | 6.71% | 7.66% | 8.30% | 7.36% | 9.20% | 5.76% | -1.69% | 2.48% | -0.57% | 4.54% | 2.29% | 11.02% | 11.79% | 12.58% | 7.55% | 9.09% | 4.94% | 4.81% |
| Income Tax Expense | $- | $1.61B | $1.05B | $973.99M | $1.02B | $1.29B | $1.25B | $662.08M | $283.23M | $371.46M | $114.62M | $1.44B | $998.60M | $1.42B | $1.28B | $65.87M | $586.33M | $374.32M | $294.19M | $280.12M |
| Net Income | $- | $5.10B | $4.18B | $4.73B | $4.87B | $3.67B | $4.20B | $3.15B | $-1.47B | $1.39B | $-530.55M | $2.49B | $792.26M | $8.27B | $7.79B | $8.81B | $4.88B | $4.50B | $2.16B | $2.44B |
| Net Income Ratio | 0.00% | 5.74% | 5.54% | 6.45% | 6.87% | 5.45% | 7.07% | 4.77% | -2.09% | 1.98% | -0.72% | 2.90% | 1.01% | 9.42% | 10.14% | 12.51% | 6.76% | 8.40% | 4.35% | 4.32% |
| EPS | $0.22 | $0.20 | $0.17 | $0.19 | $0.20 | $0.15 | $0.17 | $0.13 | $-0.06 | $0.06 | $-0.02 | $0.09 | $0.03 | $0.33 | $0.31 | $0.35 | $0.20 | $0.19 | $0.09 | $0.10 |
| EPS Diluted | $0.21 | $0.20 | $0.16 | $0.19 | $0.20 | $0.15 | $0.17 | $0.13 | $-0.06 | $0.06 | $-0.02 | $0.09 | $0.03 | $0.32 | $0.30 | $0.34 | $0.20 | $0.18 | $0.09 | $0.10 |
| Weighted Average Shares Outstanding | 24.80B | 25.49B | 25.04B | 25.05B | 24.92B | 24.88B | 24.93B | 24.93B | 24.60B | 23.11B | 29.38B | 26.41B | 25.09B | 25.06B | 25.14B | 25.06B | 24.40B | 23.80B | 23.77B | 23.84B |
| Weighted Average Shares Outstanding Diluted | 25.41B | 25.45B | 25.48B | 25.05B | 24.92B | 25.22B | 24.93B | 25.22B | 24.60B | 23.11B | 29.38B | 26.41B | 26.41B | 25.84B | 25.98B | 25.80B | 24.40B | 24.58B | 24.31B | 24.33B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $33.63B | $27.61B | $23.51B | $54.75B | $25.92B |
| Short Term Investments | $74.08B | $40.17B | $62.66B | $40.77B | $37.99B |
| Cash and Short Term Investments | $107.71B | $67.78B | $86.17B | $95.53B | $63.91B |
| Net Receivables | $12.28B | $35.25B | $18.00B | $10.36B | $38.33B |
| Inventory | $44.42B | $50.44B | $52.40B | $41.67B | $32.59B |
| Other Current Assets | $34.65B | $30.36B | $29.28B | $28.73B | $34.10B |
| Total Current Assets | $199.05B | $160.41B | $185.85B | $176.28B | $137.54B |
| Property Plant Equipment Net | $23.70B | $19.50B | $10.18B | $7.18B | $7.97B |
| Goodwill | $1.70B | $1.70B | $1.70B | $253.25M | $248.17M |
| Intangible Assets | $6.93B | $3.19B | $11.52B | $8.50B | $4.28B |
| Goodwill and Intangible Assets | $8.63B | $4.89B | $13.22B | $8.76B | $4.53B |
| Long Term Investments | $85.78B | $40.94B | $14.23B | $17.07B | $-7.42B |
| Tax Assets | $- | $2.28B | $1.66B | $2.01B | $1.28B |
| Other Non-Current Assets | $7.09B | $45.49B | $67.75B | $42.38B | $39.73B |
| Total Non-Current Assets | $125.19B | $113.09B | $107.04B | $77.40B | $46.09B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $324.25B | $273.51B | $292.89B | $253.68B | $183.63B |
| Account Payables | $62.10B | $53.09B | $74.64B | $72.20B | $59.53B |
| Short Term Debt | $6.90B | $3.10B | $8.21B | $7.33B | $13.24B |
| Tax Payables | $1.84B | $2.27B | $3.40B | $1.22B | $1.10B |
| Deferred Revenue | $13.61B | $9.59B | $9.29B | $12.00B | $8.24B |
| Other Current Liabilities | $31.14B | $31.17B | $20.19B | $15.18B | $10.08B |
| Total Current Liabilities | $115.59B | $89.63B | $115.73B | $107.93B | $92.18B |
| Long Term Debt | $22.93B | $22.96B | $22.47B | $11.15B | $5.35B |
| Deferred Revenue Non-Current | $- | $61.00M | $15.79B | $10.17B | $3.74B |
| Deferred Tax Liabilities Non-Current | $- | $983.26M | $1.20B | $300.56M | $579.90M |
| Other Non-Current Liabilities | $21.47B | $15.95B | $1.48B | $420.97M | $701.10M |
| Total Non-Current Liabilities | $44.40B | $39.96B | $39.73B | $21.74B | $9.79B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $159.99B | $129.58B | $155.46B | $129.67B | $101.97B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $407.00K | $406.00K | $407.00K | $409.00K | $388.00K |
| Retained Earnings | $91.57B | $71.41B | $69.30B | $50.91B | $30.77B |
| Accumulated Other Comprehensive Income Loss | $12.08B | $12.95B | $8.54B | $8.16B | $8.03B |
| Other Total Stockholders Equity | $60.34B | $72.24B | $57.05B | $64.62B | $42.53B |
| Total Stockholders Equity | $164.00B | $143.66B | $137.21B | $123.69B | $81.33B |
| Total Equity | $164.26B | $143.92B | $137.43B | $124.01B | $81.66B |
| Total Liabilities and Stockholders Equity | $324.25B | $273.51B | $292.89B | $253.68B | $183.63B |
| Minority Interest | $266.28M | $264.60M | $219.59M | $321.82M | $327.10M |
| Total Liabilities and Total Equity | $324.25B | $273.51B | $292.89B | $253.68B | $183.63B |
| Total Investments | $162.14B | $81.11B | $76.89B | $57.84B | $30.57B |
| Total Debt | $29.83B | $26.33B | $30.68B | $18.48B | $18.58B |
| Net Debt | $-3.81B | $-1.28B | $7.17B | $-36.28B | $-7.34B |
Balance Sheet Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $39.34B | $39.39B | $38.43B | $31.65B | $31.46B | $26.18B | $27.61B | $28.07B | $28.18B | $34.71B | $23.51B | $32.65B | $31.88B | $34.28B | $54.75B | $30.26B | $22.84B | $25.07B | $25.92B | $35.54B |
| Short Term Investments | $58.49B | $62.63B | $74.08B | $67.03B | $57.81B | $45.06B | $40.17B | $38.39B | $46.71B | $41.52B | $62.66B | $49.23B | $61.74B | $60.23B | $40.77B | $36.46B | $37.50B | $26.13B | $37.99B | $19.02B |
| Cash and Short Term Investments | $97.83B | $102.02B | $112.50B | $98.68B | $89.27B | $71.24B | $67.78B | $66.46B | $74.90B | $76.24B | $86.17B | $81.88B | $93.63B | $94.51B | $95.53B | $66.72B | $60.34B | $51.21B | $63.91B | $54.56B |
| Net Receivables | $13.71B | $22.52B | $38.46B | $14.50B | $14.18B | $11.42B | $35.25B | $14.53B | $15.30B | $22.75B | $18.00B | $21.63B | $14.76B | $21.15B | $10.36B | $13.48B | $8.47B | $7.82B | $6.95B | $9.80B |
| Inventory | $51.52B | $51.92B | $46.21B | $36.84B | $38.45B | $42.60B | $50.44B | $53.00B | $57.80B | $56.14B | $52.40B | $58.18B | $56.80B | $49.54B | $41.67B | $35.00B | $38.86B | $34.11B | $32.59B | $26.24B |
| Other Current Assets | $39.91B | $23.56B | $34.65B | $29.45B | $31.59B | $26.54B | $30.36B | $31.30B | $31.66B | $29.06B | $29.28B | $27.55B | $35.14B | $25.07B | $28.73B | $34.73B | $34.47B | $31.91B | $34.10B | $33.87B |
| Total Current Assets | $202.98B | $200.02B | $199.05B | $179.48B | $173.50B | $151.80B | $160.41B | $165.29B | $179.66B | $184.20B | $185.85B | $189.25B | $200.33B | $190.27B | $176.28B | $149.93B | $142.14B | $125.05B | $137.54B | $124.47B |
| Property Plant Equipment Net | $26.28B | $14.32B | $24.76B | $12.71B | $12.02B | $9.72B | $19.50B | $8.47B | $7.67B | $7.22B | $10.18B | $7.14B | $6.99B | $6.65B | $7.18B | $6.99B | $11.05B | $7.24B | $7.97B | $7.16B |
| Goodwill | $1.70B | $- | $1.70B | $- | $1.70B | $- | $1.70B | $- | $1.70B | $- | $1.70B | $- | $253.25M | $- | $253.25M | $- | $248.17M | $- | $248.17M | $- |
| Intangible Assets | $6.02B | $8.08B | $15.07B | $6.36B | $12.43B | $4.29B | $3.19B | $4.94B | $3.41B | $5.29B | $11.52B | $5.83B | $3.44B | $3.98B | $8.50B | $1.36B | $2.11B | $1.58B | $4.28B | $1.70B |
| Goodwill and Intangible Assets | $7.72B | $8.08B | $16.77B | $6.36B | $6.02B | $4.29B | $4.89B | $4.94B | $5.11B | $5.29B | $13.22B | $5.83B | $3.69B | $3.98B | $8.76B | $1.36B | $2.36B | $1.58B | $4.53B | $1.70B |
| Long Term Investments | $98.72B | $85.18B | $88.07B | $18.54B | $24.05B | $35.09B | $40.94B | $42.51B | $35.86B | $33.86B | $14.23B | $24.55B | $13.04B | $5.47B | $17.07B | $9.39B | $2.22B | $8.54B | $-7.42B | $9.69B |
| Tax Assets | $2.16B | $2.36B | $2.16B | $2.39B | $2.62B | $2.35B | $2.28B | $2.38B | $2.20B | $1.92B | $1.66B | $1.15B | $1.58B | $1.72B | $2.01B | $1.71B | $1.51B | $1.47B | $1.28B | $1.22B |
| Other Non-Current Assets | $4.31B | $17.01B | $-6.57B | $82.28B | $73.35B | $60.94B | $45.49B | $54.53B | $62.58B | $57.49B | $67.75B | $60.45B | $70.80B | $68.99B | $42.38B | $42.22B | $39.24B | $31.89B | $39.73B | $23.97B |
| Total Non-Current Assets | $139.20B | $126.95B | $125.19B | $122.27B | $118.06B | $112.39B | $113.09B | $112.83B | $113.42B | $105.78B | $107.04B | $99.11B | $96.09B | $86.81B | $77.40B | $61.68B | $56.37B | $50.73B | $46.09B | $43.73B |
| Other Assets | $- | $1 | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $342.18B | $326.97B | $324.25B | $301.74B | $291.56B | $264.20B | $273.51B | $278.12B | $293.08B | $289.98B | $292.89B | $288.36B | $296.42B | $277.07B | $253.68B | $211.61B | $198.51B | $175.77B | $183.63B | $168.19B |
| Account Payables | $66.77B | $60.55B | $62.10B | $54.68B | $55.11B | $41.58B | $53.09B | $58.95B | $69.68B | $74.87B | $74.64B | $73.36B | $91.37B | $82.31B | $72.20B | $63.26B | $60.43B | $53.91B | $59.53B | $49.55B |
| Short Term Debt | $10.75B | $5.03B | $6.90B | $2.06B | $1.89B | $1.58B | $3.10B | $2.52B | $9.27B | $9.22B | $8.21B | $4.89B | $-4.97B | $7.39B | $7.33B | $11.39B | $13.75B | $11.13B | $13.24B | $10.20B |
| Tax Payables | $2.50B | $2.19B | $1.84B | $2.51B | $2.31B | $1.67B | $2.27B | $1.57B | $1.39B | $2.09B | $3.40B | $1.61B | $1.38B | $826.12M | $1.22B | $835.54M | $758.41M | $496.15M | $1.10B | $757.81M |
| Deferred Revenue | $- | $13.16B | $13.61B | $11.19B | $9.89B | $8.36B | $9.59B | $8.64B | $7.82B | $8.47B | $-2.69B | $11.61B | $11.91B | $11.64B | $- | $- | $- | $- | $- | $- |
| Other Current Liabilities | $45.98B | $32.74B | $31.14B | $28.54B | $35.28B | $22.81B | $31.17B | $22.43B | $19.17B | $19.37B | $29.48B | $23.06B | $20.25B | $17.63B | $27.18B | $24.06B | $17.75B | $14.96B | $18.31B | $17.26B |
| Total Current Liabilities | $126.00B | $113.67B | $115.59B | $98.98B | $94.59B | $76.01B | $89.63B | $94.10B | $107.33B | $114.03B | $115.73B | $114.52B | $130.97B | $119.80B | $107.93B | $99.54B | $92.69B | $80.49B | $92.18B | $77.77B |
| Long Term Debt | $23.60B | $22.67B | $22.93B | $22.77B | $23.05B | $20.88B | $22.96B | $23.24B | $27.47B | $20.49B | $22.47B | $21.01B | $13.26B | $13.61B | $11.15B | $7.18B | $10.55B | $5.35B | $5.35B | $5.33B |
| Deferred Revenue Non-Current | $- | $1 | $2.12B | $974.95M | $1.07B | $- | $61.00M | $- | $- | $- | $15.79B | $951.44M | $971.10M | $844.06M | $10.17B | $750.52M | $4.60B | $686.29M | $3.74B | $897.14M |
| Deferred Tax Liabilities Non-Current | $- | $1.34B | $1.49B | $1.20B | $1.33B | $1.25B | $983.26M | $942.24M | $1.07B | $808.99M | $1.20B | $582.54M | $415.97M | $378.97M | $300.56M | $419.57M | $415.31M | $532.74M | $579.90M | $515.31M |
| Other Non-Current Liabilities | $19.37B | $23.04B | $21.47B | $18.95B | $18.87B | $17.68B | $15.95B | $18.04B | $16.39B | $18.81B | $1.48B | $16.11B | $15.18B | $10.56B | $420.97M | $9.57B | $518.81M | $4.34B | $701.10M | $4.09B |
| Total Non-Current Liabilities | $42.98B | $45.71B | $44.40B | $42.70B | $41.92B | $39.81B | $39.96B | $42.23B | $44.93B | $39.30B | $39.73B | $38.07B | $29.42B | $25.02B | $21.74B | $17.50B | $15.66B | $10.37B | $9.79B | $10.32B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $168.98B | $159.38B | $159.99B | $141.68B | $136.50B | $115.82B | $129.58B | $136.33B | $152.27B | $153.33B | $155.46B | $152.60B | $160.39B | $144.82B | $129.67B | $117.04B | $108.35B | $90.87B | $101.97B | $88.09B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $407.00K | $405.00K | $407.00K | $407.00K | $407.00K | $407.00K | $406.00K | $407.00K | $406.00K | $407.00K | $407.00K | $408.00K | $408.00K | $410.00K | $409.00K | $392.00K | $391.00K | $389.00K | $388.00K | $385.00K |
| Retained Earnings | $97.47B | $- | $88.17B | $- | $79.28B | $- | $71.41B | $- | $70.11B | $- | $69.30B | $- | $66.97B | $- | $52.29B | $- | $37.42B | $- | $31.93B | $- |
| Accumulated Other Comprehensive Income Loss | $- | $167.34B | $15.48B | $159.79B | $15.26B | $148.10B | $12.95B | $141.52B | $11.36B | $136.37B | $8.54B | $135.50B | $7.54B | $131.94B | $-1.46B | $94.23B | $-1.19B | $84.58B | $-956.80M | $79.94B |
| Other Total Stockholders Equity | $75.11B | $- | $56.94B | $- | $60.23B | $- | $72.24B | $- | $59.08B | $- | $57.05B | $- | $61.26B | $- | $64.62B | $- | $43.48B | $- | $42.53B | $- |
| Total Stockholders Equity | $172.57B | $167.34B | $164.00B | $159.79B | $154.77B | $148.10B | $143.66B | $141.52B | $140.55B | $136.38B | $137.21B | $135.50B | $135.77B | $131.94B | $123.69B | $94.23B | $89.81B | $84.58B | $81.33B | $79.94B |
| Total Equity | $173.20B | $167.59B | $164.26B | $160.06B | $155.05B | $148.37B | $143.92B | $141.79B | $140.82B | $136.65B | $137.43B | $135.76B | $136.04B | $132.26B | $124.01B | $94.57B | $90.16B | $84.91B | $81.66B | $80.10B |
| Total Liabilities and Stockholders Equity | $342.18B | $326.97B | $324.25B | $301.74B | $291.56B | $264.20B | $273.51B | $278.12B | $293.08B | $289.98B | $292.89B | $288.36B | $296.42B | $277.07B | $253.68B | $211.61B | $198.51B | $175.77B | $183.63B | $168.19B |
| Minority Interest | $624.08M | $257.58M | $266.28M | $272.81M | $278.34M | $272.59M | $264.60M | $276.46M | $263.09M | $273.48M | $219.59M | $266.49M | $269.38M | $318.98M | $321.82M | $339.84M | $355.79M | $329.10M | $327.10M | $159.48M |
| Total Liabilities and Total Equity | $342.18B | $326.97B | $324.25B | $301.74B | $291.56B | $264.20B | $273.51B | $278.12B | $293.08B | $289.98B | $292.89B | $288.36B | $296.42B | $277.07B | $253.68B | $211.61B | $198.51B | $175.77B | $183.63B | $168.19B |
| Total Investments | $157.21B | $147.81B | $162.14B | $85.57B | $81.86B | $80.16B | $81.11B | $80.90B | $82.58B | $75.38B | $76.89B | $73.79B | $74.78B | $65.70B | $57.84B | $45.85B | $39.72B | $34.68B | $30.57B | $28.70B |
| Total Debt | $34.35B | $27.71B | $29.83B | $24.84B | $22.89B | $22.46B | $26.33B | $25.76B | $32.57B | $29.71B | $30.68B | $25.90B | $19.31B | $21.00B | $18.48B | $18.57B | $24.30B | $16.48B | $18.58B | $15.54B |
| Net Debt | $-4.99B | $-11.68B | $-8.60B | $-6.82B | $-8.57B | $-3.72B | $-1.28B | $-2.31B | $4.39B | $-5.00B | $7.17B | $-6.75B | $-12.57B | $-13.27B | $-36.28B | $-11.69B | $1.45B | $-8.59B | $-7.34B | $-20.00B |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $22.01B | $3.93B | $24.42B | $21.63B | $12.16B |
| Depreciation and Amortization | $4.84B | $3.71B | $3.06B | $1.71B | $1.38B |
| Deferred Income Tax | $- | $- | $-6.02B | $-10.51B | $-1.09B |
| Stock Based Compensation | $3.38B | $2.50B | $2.04B | $2.33B | $2.20B |
| Change in Working Capital | $17.32B | $-21.25B | $-15.73B | $4.32B | $9.55B |
| Accounts Receivables | $-3.64B | $1.80B | $-3.84B | $-3.55B | $-4.73B |
| Inventory | $2.17B | $-5.45B | $-13.75B | $-11.60B | $-6.96B |
| Accounts Payables | $11.15B | $-20.51B | $2.46B | $10.34B | $13.53B |
| Other Working Capital | $7.63B | $2.91B | $-593.05M | $9.13B | $7.71B |
| Other Non Cash Items | $-6.24B | $6.73B | $2.02B | $2.40B | $-402.43M |
| Net Cash Provided by Operating Activities | $41.30B | $-4.39B | $9.79B | $21.88B | $23.81B |
| Investments in Property Plant and Equipment | $-6.27B | $-5.80B | $-7.17B | $-3.03B | $-3.41B |
| Acquisitions Net | $-18.14M | $308.02M | $1.36B | $-1.26B | $-119.95M |
| Purchases of Investments | $-171.46B | $-150.20B | $-264.03B | $-251.60B | $-164.72B |
| Sales Maturities of Investments | $138.22B | $169.72B | $223.33B | $236.98B | $135.39B |
| Other Investing Activities | $4.35B | $1.52B | $1.49B | $1.24B | $1.28B |
| Net Cash Used for Investing Activities | $-35.17B | $15.55B | $-45.01B | $-17.68B | $-31.57B |
| Debt Repayment | $3.73B | $-3.97B | $9.23B | $3.80B | $6.62B |
| Common Stock Issued | $69.92M | $83.92M | $83.01M | $20.16B | $186.84M |
| Common Stock Repurchased | $-1.36B | $-2.39B | $-7.01B | $-454.87M | $-2.93B |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-2.95B | $-1.58B | $2.20B | $2.71B | $-752.79M |
| Net Cash Used Provided by Financing Activities | $-504.97M | $-7.85B | $4.50B | $26.22B | $3.12B |
| Effect of Forex Changes on Cash | $397.58M | $791.44M | $-516.89M | $-1.58B | $328.26M |
| Net Change in Cash | $6.02B | $4.10B | $-31.24B | $28.83B | $-4.31B |
| Cash at End of Period | $33.63B | $27.61B | $23.51B | $54.75B | $25.92B |
| Cash at Beginning of Period | $27.61B | $23.51B | $54.75B | $25.92B | $30.23B |
| Operating Cash Flow | $41.30B | $-4.39B | $9.79B | $21.88B | $23.81B |
| Capital Expenditure | $-6.27B | $-5.80B | $-7.17B | $-3.03B | $-3.41B |
| Free Cash Flow | $35.03B | $-10.19B | $2.62B | $18.85B | $20.41B |
Cash Flow Charts
| Breakdown | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.10B | $4.18B | $4.73B | $4.87B | $3.67B | $4.20B | $3.15B | $-1.47B | $1.39B | $-530.55M | $2.49B | $792.26M | $8.27B | $7.79B | $8.81B | $4.88B | $4.50B | $2.16B | $2.44B | $2.53B |
| Depreciation and Amortization | $1.41B | $1.39B | $1.23B | $1.64B | $1.03B | $925.08M | $950.54M | $931.01M | $947.41M | $878.43M | $876.09M | $800.19M | $728.04M | $657.33M | $589.71M | $421.83M | $373.12M | $351.92M | $347.94M | $355.83M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $-467.66M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $909.02M | $950.25M | $908.33M | $898.83M | $708.15M | $863.35M | $619.24M | $624.75M | $1.01B | $402.29M | $448.60M | $298.49M | $622.81M | $665.68M | $660.62M | $579.19M | $518.58M | $569.92M | $597.15M | $586.27M |
| Change in Working Capital | $- | $- | $-4.30B | $- | $- | $- | $-1.10B | $- | $- | $- | $-18.18B | $- | $- | $- | $-6.02B | $- | $- | $- | $-3.98B | $- |
| Accounts Receivables | $- | $- | $-1.65B | $- | $- | $- | $4.35B | $- | $- | $- | $-7.55B | $- | $- | $- | $-4.27B | $- | $- | $- | $-1.28B | $- |
| Inventory | $- | $- | $-8.10B | $- | $- | $- | $-5.45B | $- | $- | $- | $-13.75B | $- | $- | $- | $-11.60B | $- | $- | $- | $-6.96B | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $-361.55M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $- | $- | $3.80B | $- | $- | $- | $361.55M | $- | $- | $- | $3.11B | $- | $- | $- | $9.85B | $- | $- | $- | $4.26B | $- |
| Other Non Cash Items | $4.40B | $-12.07B | $7.89B | $5.91B | $13.54B | $-4.77B | $960.93M | $-1.55B | $-1.70B | $-8.15B | $9.25B | $-11.02B | $-1.44B | $-6.34B | $4.71B | $7.40B | $-219.04M | $-10.37B | $7.46B | $467.51M |
| Net Cash Provided by Operating Activities | $11.82B | $-9.29B | $11.39B | $13.33B | $18.94B | $1.22B | $4.11B | $-1.47B | $1.65B | $-8.68B | $11.73B | $-10.23B | $6.83B | $1.45B | $13.53B | $12.28B | $4.28B | $-8.21B | $9.90B | $2.99B |
| Investments in Property Plant and Equipment | $67.39M | $-2.34B | $-6.27B | $3.72B | $-2.17B | $-1.56B | $-5.80B | $2.72B | $-2.72B | $- | $-7.17B | $1.83B | $-1.83B | $- | $-3.03B | $1.13B | $-1.13B | $- | $-3.41B | $1.48B |
| Acquisitions Net | $- | $- | $177.99M | $-61.89M | $61.89M | $- | $-25.11M | $- | $- | $- | $34.98M | $-7.22M | $- | $- | $38.52M | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-8.07B | $13.05B | $-5.85B | $-18.49B | $-10.77B | $-65.75M | $5.12B | $5.91B | $-7.22B | $17.57B | $-20.07B | $7.05B | $-6.44B | $-25.55B | $-10.51B | $-2.96B | $-12.42B | $8.21B | $-19.80B | $-3.74B |
| Net Cash Used for Investing Activities | $-8.00B | $10.71B | $-9.52B | $-14.83B | $-12.87B | $-1.62B | $-708.14M | $8.63B | $-9.94B | $17.57B | $-20.07B | $7.05B | $-6.44B | $-25.55B | $-10.51B | $-2.96B | $-12.42B | $8.21B | $-19.80B | $-3.74B |
| Debt Repayment | $1.28B | $2.70B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $- | $- | $2.15B | $- | $- | $- | $- | $- | $82.12M | $-48.39M | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-1.14B | $-1.90B | $-500.00M | $-37.59M | $-456.05M | $- | $-2.39B | $-40.84M | $-1.04B | $- | $-6.93B | $4.16B | $-4.17B | $- | $-454.87M | $-131.24M | $-454.87M | $- | $-2.93B | $-464.12M |
| Dividends Paid | $-588.72M | $- | $- | $- | $-753.87M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $1.01B | $-911.04M | $43.28M | $1.74B | $-1.42B | $-866.85M | $-1.23B | $-7.83B | $1.28B | $2.35B | $-550.05M | $3.98B | $-2.51B | $3.58B | $22.38B | $-953.48M | $6.02B | $-1.23B | $544.27M | $684.97M |
| Net Cash Used Provided by Financing Activities | $566.34M | $-111.04M | $824.16M | $1.74B | $-1.42B | $-866.85M | $-3.62B | $-7.87B | $1.28B | $2.35B | $-550.05M | $3.98B | $-2.51B | $3.58B | $22.38B | $-953.48M | $6.02B | $-1.23B | $544.27M | $684.97M |
| Effect of Forex Changes on Cash | $57.55M | $-48.00M | $-27.56M | $-43.43M | $624.64M | $-156.07M | $-250.92M | $600.55M | $479.64M | $-37.83M | $-248.01M | $-30.40M | $-274.67M | $36.18M | $-902.65M | $-948.07M | $-112.02M | $380.10M | $-264.65M | $678.90M |
| Net Change in Cash | $4.44B | $963.36M | $2.05B | $193.61M | $5.28B | $-1.43B | $-463.84M | $-112.00M | $-6.53B | $11.20B | $-9.14B | $768.46M | $-2.40B | $-20.47B | $24.49B | $7.41B | $-2.23B | $-846.17M | $-9.62B | $618.14M |
| Cash at End of Period | $39.34B | $39.39B | $38.43B | $31.65B | $31.46B | $26.18B | $27.61B | $28.07B | $28.18B | $34.71B | $23.51B | $32.65B | $31.88B | $34.28B | $54.75B | $30.26B | $22.84B | $25.07B | $25.92B | $35.54B |
| Cash at Beginning of Period | $34.90B | $38.43B | $36.38B | $31.46B | $26.18B | $27.61B | $28.07B | $28.18B | $34.71B | $23.51B | $32.65B | $31.88B | $34.28B | $54.75B | $30.26B | $22.84B | $25.07B | $25.92B | $35.54B | $34.92B |
| Operating Cash Flow | $11.82B | $-9.29B | $11.39B | $13.33B | $18.94B | $1.22B | $4.11B | $-1.47B | $1.65B | $-8.68B | $11.73B | $-10.23B | $6.83B | $1.45B | $13.53B | $12.28B | $4.28B | $-8.21B | $9.90B | $2.99B |
| Capital Expenditure | $67.39M | $-2.34B | $-6.27B | $3.72B | $-2.17B | $-1.56B | $-5.80B | $2.72B | $-2.72B | $- | $-7.17B | $1.83B | $-1.83B | $- | $-3.03B | $1.13B | $-1.13B | $- | $-3.41B | $1.48B |
| Free Cash Flow | $11.89B | $-11.62B | $5.12B | $17.05B | $16.78B | $-337.64M | $-1.69B | $1.25B | $-1.07B | $-8.68B | $4.56B | $-8.40B | $5.00B | $1.45B | $10.50B | $13.41B | $3.15B | $-8.21B | $6.50B | $4.48B |
Xiaomi Dividends
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Xiaomi News
Read the latest news about Xiaomi, including recent articles, headlines, and updates.
Xiaomi: Strong Business Momentum But Valuation Demands Caution
Xiaomi's 4Q24 results exceeded expectations, driven by strong performance in smartphones, IoT, and EVs, solidifying its competitive moat and ecosystem. Despite positive fundamentals, Xiaomi's 70% YTD appreciation and current valuation led to a downgrade to HOLD from BUY, suggesting profit-taking or waiting for a better entry point. Xiaomi's ecosystem, bolstered by premium smartphones, IoT devices, and successful EV launches, positions it as a top tech pick in China.
Xiaomi Corporation (XIACF) Q4 2024 Earnings Call Transcript
Xiaomi Corporation (OTCPK:XIACF) Q4 2024 Earnings Conference Call March 18, 2025 8:30 AM ET Company Participants Anita Chan - Head, Investor Relations and Corporate Finance Lu Weibing - President Alain Lam - Chief Financial Officer Conference Call Participants Andy Meng - Morgan Stanley Timothy Zhao - Goldman Sachs Wen Hanjing - CICC Xu Yingbo - CITIC Leping Huang - Huatai Zoe Xu - UBS Operator Good evening, everyone. Welcome to the online telephone call of Xiaomi 2024.
Xiaomi to sell EVs globally 'within the next few years' after launching $73,000 premium car
Xiaomi plans to begin selling its electric vehicles outside of China "within the next few years," the company's president William Lu said on Sunday. This week, Xiaomi launched its first premium EV in China called the SU7 Ultra, which starts at 529,000 Chinese yuan ($72,627).
Undercovered Dozen: Hammond Power Solutions, Blaize Holdings, Xiaomi, Coherent +
The 'Undercovered' Dozen series highlights lesser-known stocks, offering fresh investment ideas and sparking discussion among investors. Woodside Energy Group Ltd. and Glencore plc are recommended buys due to market neglect and strategic moves, respectively. Candel Therapeutics and The Honest Company show promising growth potential in their respective sectors, backed by recent positive developments.
Beyond DeepSeek: 4 Chinese ETFs for AI & Tech Exposure
As Chinese artificial intelligence company DeepSeek continues to challenge American chip manufacturer NVIDIA for chip dominance, investors are looking to China for their next tech investments. Billionaire investor and founder of Appaloosa Management recently increased his firm's holdings in companies like Alibaba Group NYSE: BABA while drastically decreasing holdings in American companies like Meta Platforms NASDAQ: META.
Xiaomi: Charging Ahead In The Ecosystem Race With A Spinning Flywheel
Xiaomi's robust ecosystem, rivaling Apple and Amazon, drives growth across smartphones, IoT, and EV segments, with a 40% upside potential at a 3x forward multiple. Premium smartphones like Xiaomi 15 Ultra and expanding IoT products are key growth drivers, enhancing brand equity and consumer stickiness. The successful launch of the SU7 EV and upcoming Yu7 model highlight Xiaomi's competitive edge in the EV market, reinforcing its ecosystem.
INDIA BUDGET India axes import tax on some smartphone parts in boost to Apple, Xiaomi
India has removed import duties on some components key to producing mobile phones, Finance Minister Nirmala Sitharaman announced in the annual budget on Saturday, in a boost for local production efforts and benefiting firms such as Apple and Xiaomi.
Stock Picks From Seeking Alpha's November 2024 New Analysts
Twenty-six new analysts joined Seeking Alpha in November, sharing diverse investment ideas highlighting their unique backgrounds and expertise. Top picks include U.S. Bancorp Preferred Series A, Hershey, and PepsiCo, emphasizing undervalued opportunities, dividend stability, and strategic growth potential. Analysts also spotlighted strong sell recommendations like BlackRock Science and Technology Trust and Luckin Coffee, citing fundamental flaws and competitive disadvantages.
Xiaomi: A Unified Tech Leader Bridging Smartphone, EVs, And Home Electronics
The global smartphone market recovery continues. Strong 4Q24 China shipments will be supported by government purchase subsidies. Xiaomi 15 will boost market share. SU7 delivery will exceed 120k in 24E, with a projection to hit 240k in 25E. Ultra (luxury sport sedan) is expected to launch in 2Q25E. The news suggests Xiaomi and Goertek are developing AI glasses, targeting Ray-Ban Meta Smart Glasses as a competitor, with a potential launch in 2Q25E.
Xiaomi Corporation (XIACF) Q3 2024 Earnings Call Transcript
Xiaomi Corporation (OTCPK:XIACF) Q3 2024 Earnings Conference Call November 18, 2024 7:30 AM ET Company Participants Anita Chan - Head of IR and Corporate Finance Lu Weibing - Vice President Alain Lam - CFO Conference Call Participants Timothy Zhao - Goldman Sachs Andy Meng - Morgan Stanley Leping Huang - Huatai Hanjing Wen - CICC Zoe Xu - UBS Yayuan Huang - Citi Operator 2024 Third Quarter Results Announcement. Investor Conference Call and Audio Webcast.
Xiaomi outdoes expectations as electric vehicles sales take off
Xiaomi Corp has unveiled better-than-expected results for the third quarter, thanks in part to soaring electric vehicles sales following its entry to the market earlier this year. Some 39,790 Xiaomi SU7 Series vehicles were delivered over the quarter, taking the year-to-date total to 67,157 and leaving the company targeting 130,000 sales for 2024.
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