Xiaomi Group announced its unaudited consolidated results for the three and six months ended June 30, 2024. The report shows significant growth in revenue and gross profit, with total revenue reaching RMB 88.9 billion in the second quarter, a record high, representing a year-on-year increase of 32.0%. Gross profit also increased by 29.9% year-on-year. Operating profit and period profit increased by 45.7% and 38.3% respectively. In addition, the company continued to advance its 'all-around smart ecosystem' strategy and officially launched its first smart electric vehicle, the Xiaomi SU7 series, on March 28, 2024, delivering 27,307 new vehicles in the second quarter. Research and development expenses increased by 20.7% year-on-year, with a total of 18,290 research and development personnel, accounting for 48.7% of the total number of employees. The company is also actively repurchasing stocks to enhance shareholder value, and bought back and cancelled 247,548,200 Class B shares in the first half of 2024.

Xiaomi Group announced its unaudited consolidated results for the three and six months ended June 30, 2024. The report shows significant growth in revenue and gross profit, with total revenue reaching RMB 88.9 billion in the second quarter, a record high, representing a year-on-year increase of 32.0%. Gross profit also increased by 29.9% year-on-year. Operating profit and period profit increased by 45.7% and 38.3% respectively. In addition, the company continued to advance its 'all-around smart ecosystem' strategy and officially launched its first smart electric vehicle, the Xiaomi SU7 series, on March 28, 2024, delivering 27,307 new vehicles in the second quarter. Research and development expenses increased by 20.7% year-on-year, with a total of 18,290 research and development personnel, accounting for 48.7% of the total number of employees. The company is also actively repurchasing stocks to enhance shareholder value, and bought back and cancelled 247,548,200 Class B shares in the first half of 2024.