Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com May 24 news, Xiaomi today released the first quarter of 2023 results. According to the financial report, the company's total revenue in the first quarter reached 59.5 billion yuan, down 18.9% from the same period in 2022, while the adjusted net profit was 3.233 billion yuan, an increase of 13.1% over the same period in 2022. It includes 1.1 billion yuan for innovative business such as intelligent electric vehicles. In the first quarter of 2023, Xiaomi's overall gross profit margin reached 19.5%, an all-time high.

According to the financial report, Xiaomi shipped 30.4 million smartphones worldwide in the first quarter of 2023, down 13.3% from a year earlier and the lowest Q1 shipment since 2014. In the quarter, Xiaomi earned 35 billion yuan from its smartphone business. Xiaomi ranks third in global smartphone shipments this quarter, with a market share of 11.3%, according to Canalys.

According to the financial report, Xiaomi's income from IoT and consumer products in the first quarter was 16.8 billion yuan, down 13.6% from the same period last year, and the gross profit margin of the business was 15.7%.

According to the financial report, Xiaomi's Internet service revenue in the first quarter was 7 billion yuan, down 1.2% from the same period last year, with a gross profit margin of 72.3%. Of this total, advertising revenue was 4.4 billion yuan, compared with 4.5 billion yuan in the same period last year, while game revenue was 1.3 billion yuan, up 16.3% from the same period last year.

According to the financial report, Xiaomi has 595 million monthly active users of MIUI worldwide, an increase of 12.4% over the same period last year. Among them, the number of Chinese mainland MIUI monthly active users reached 146 million, an increase of 7.8% over the same period last year. As of March 31, 2023, the number of IoT devices (excluding smartphones, tablets and laptops) connected to the AIoT platform reached 618 million, an increase of 29.2% year-on-year. In March 2023, the number of monthly active users of Mijia App increased by 18.8% to 78.1 million compared with the same period last year.

According to the financial report, Xiaomi spent 4.1 billion yuan on R & D in the first quarter of 2023, an increase of 17.7 percent over the same period last year. It is estimated that the R & D investment for the whole year will exceed 20 billion yuan.

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