Xiaomi reports RMB14.2 billion first-half net profit as revenue falls 8.4%
Xiaomi reported first-half revenue of RMB208.06 billion, down 8.4% year over year, and net profit attributable to shareholders of RMB14.19 billion.
Chinese technology firm Xiaomi announced its financial results for the first half of the year, revealing an 8.4% decrease in revenue compared to the previous year, totaling RMB208.06 billion.
Net profit attributable to shareholders for the period reached RMB14.19 billion. The company also noted that second-quarter revenue surpassed RMB100 billion, according to its interim results report.
The reported figures encompass Xiaomi's operations across its smartphone, connected devices, internet services, and electric vehicle segments. This provides a comprehensive view of the company's performance, extending beyond specific business updates such as the recent announcement of exceeding 500,000 SU7 electric vehicle deliveries.