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Xiaomi Group Reported Operating Revenue Of CNY72.2 Billion In Q3 2020



Xiaomi Group recently published its financial report for the third quarter of 2020, stating that the group’s total revenue reached CNY72.2 billion, a year-on-year increase of 34.5%.


Its net profit after adjustment was CNY4.1 billion, a year-on-year increase of 18.9%.



For details, Xiaomi’s smartphone business realized revenue of CNY47.6 billion, a year-on-year increase of 47.5%; its AIoT and lifestyle consumer products realized revenue of CNY18.1 billion, a year-on-year increase of 16.1%; its Internet service revenue was CNY5.8 billion, a year-on-year increase of 8.7%; its advertising business revenue was CNY3.3 billion, a year-on-year increase of 13.7%; and its gaming revenue was CNY800 million, a year-on-year decrease of 1.9%.


Meanwhile, Xiaomi’s overseas Internet service revenue saw a year-on-year increase of 75.6% to CNY700 million.


For smartphone shipment, Xiaomi Group shipped 46.6 million smartphones in the third quarter of 2020, a year-on-year increase of 45.3%.


In addition, by September 30, 2020, Xiaomi had invested in over 300 companies with the total book value of CNY39.5 billion, a year-on-year increase of 37.5%. Its total investments reached CNY50.6 billion.

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