Mar 18, 10:16 AM

Xiaomi Reports 2024 Revenue of 365.91B Yuan, Q4 Revenue Up 48.8% to 109.01B Yuan, Net Income 23.66B Yuan

Xiaomi Corporation reported strong financial results for the fiscal year and fourth quarter of 2024. The company achieved total revenue of 365.91 billion Yuan, surpassing estimates of 358.05 billion Yuan, marking a 35% year-over-year increase. Net income for the fiscal year reached 23.66 billion Yuan, exceeding the expected 19.16 billion Yuan. In the fourth quarter alone, Xiaomi's revenue rose 48.8% year-over-year to approximately 109.01 billion Yuan, also above the forecast of 104.38 billion Yuan. Adjusted net profit for Q4 was reported at 8.32 billion Yuan, significantly higher than the estimated 6.54 billion Yuan, while net income for the quarter was 9.00 billion Yuan, compared to the anticipated 5.25 billion Yuan. The company also noted a gross margin of 20.9% for the fiscal year and repurchased shares worth 3.7 billion Hong Kong dollars, totaling 249.2 million shares in 2024.

#Xiaomi Corporation #Xiaomi #Hong Kong

Written with ChatGPT (GPT-4o mini).

Xiaomi Reports 2024 Revenue of 365.91B Yuan, Q4 Revenue Up 48.8% to 109.01B Yuan, Net Income 23.66B Yuan

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