According to Futu News on November 24, XIAOMI announced its results for the third quarter ended September 30, 2020 after trading in Hong Kong today:
Revenue was 72.16 billion yuan, compared with 53.661 billion yuan in the same period last year, an increase of 34.5% over the same period last year.
The adjusted profit was 4.128 billion yuan, up 18.9% from the same period last year, and the operating profit was 6.7 billion yuan.
Earnings per share were 0.198 yuan, compared with 0.102 yuan in the same period last year.
Revenue is divided by business, specifically:
Internet service revenue reached 5.8 billion yuan, an increase of 8.7% over the same period last year.
The revenue of some smartphones reached 47.6 billion yuan, up 47.5% from the same period last year, and 46.6 million smartphones were shipped, up 45.3% from the same period last year.
The income from IoT and consumer products reached 18.1 billion yuan, an increase of 16.1% over the same period last year.
In response to this quarter's performance, XIAOMI said:
Despite the impact of the epidemic since 2020, we have successfully promoted the established strategy of the Group, and our businesses have continued to grow and demonstrate solid resilience.Our total revenue and adjusted net profit hit record highs for a single quarter.
According to Canalys, our smartphone shipments have the highest year-on-year growth rate among the top five manufacturers in the world. In addition, according to Canalys data, in 2020The firstIn the third quarter, our global smartphone shipments rose to third place, and our market share broke through an all-time high, rising to 13.5%.
Thanks to the strong growth of mobile phone shipmentsSeptember 2020The number of global MIUI monthly active users reached 368.2 million, an increase of 26.3% over the same period last year.In addition, as of September 30, 2020, the number of IoT devices (excluding smartphones and laptops) connected to our AIoT platform reached 289.5 million, an increase of 35.8% over the same period last year. Artificial intelligence assistantThe number of monthly active users of "Xiao Ai" reached 78.4 million in September 2020, an increase of 35.5% over the same period last year.
In the third quarter of 2020, our overseas business continued to grow strongly, and overseas market revenue reached a record high in a single quarter, up 52.1% from a year earlier to 39.8 billion yuan. According to Canalys, in the third quarter of 2020, weSmartphone shipments in the European market increased by 90.7% year on year, with a market share of 18.7%.For the second consecutive quarter, the market share entered the top three, while the market share in Western Europe reached the top three for the first time.
We also achieved significant growth in the Chinese mainland market in the quarter.
According to Canalys's data,In the third quarter of 2020, our smartphone shipments in Chinese mainland market increased by 18.9% compared with the same period last year, making us the only one of the top five manufacturers to achieve positive growth.
Advertising revenue in the third quarter reached a record high of 3.3 billion yuan in the third quarter, an increase of 13.7% over the same period last year, mainly due to the enhanced commercialization of the Internet and the strong growth of overseas advertising revenue.
market prediction
Previously, according to Bloomberg analysts' unanimous forecast, XIAOMI's Q3 revenue was 69.28 billion yuan, with an adjusted net profit of 3.43 billion yuan.
