Xiaomi introduced its monetary outcomes for This autumn 2024 and all the 12 months. The corporate reported a income of CNY 365.9 billion ($50.5 billion), setting a brand new file. This represents a major 35% enhance from the earlier 12 months, pushed by robust performances throughout all sectors: smartphones, electrical automobiles, IoT, and web companies.
The smartphone income reached CNY 191.8 billion ($26.5 billion), accounting for 52% of total gross sales. Xiaomi bought 169 million items in 2024, rating among the many high three smartphone producers in 56 international locations and among the many high 5 in 13 extra international locations.
The report highlighted a momentum in category-wide premiumization, elevating the premium market to new heights. Xiaomi captured 24.3% of the CNY 4,000 – 5,000 ($550-$700) value phase and 9.7% within the CNY 5,000 – 6,000 ($700-$850) phase vary.
Globally, the Xiaomi ecosystem boasts 700 million Month-to-month Lively Customers (MAU), with simply 170 million situated in China. This determine encompasses smartphone customers, good house gadget house owners, wearables, and even EVs.
Talking of electrical automobiles Xiaomi elevated its deliveries with each quarter, totaling 136,854 automobiles bought in 2024. After the corporate already reached 200,000 items whole yesterday, the supply purpose for 2025 was adjusted upwards to 350,000 items.
Xiaomi SU7 Extremely
Xiaomi disclosed having 21,190 people engaged in analysis and growth. The funding in R&D amounted to CNY 24.1 billion ($3.3 billion), with plans to spice up spending by 25%, aiming for CNY 30 billion ($4.15 billion) in 2025.
