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Xiaomi Group communicates the results obtained in the Q32019

Xiaomi Group has just announced the results obtained in the third quarter of the 2019 and finished the 30 September 2019. If you are a fan of the brand and are interested in knowing all the official data, read on!

Xiaomi Group communicates the results obtained in the Q32019

Xiaomi Group Q32019

Let's start with total revenues, which increased by 5,5% compared to the previous year with a total of 53,7 billion RMB, or almost 7 billion. The highest number ever reached since its foundation. While the adjusted net profit was 3,5 billion RMB, on the 450 million, with an increase of 20,3% compared to the previous year. With the total adjusted net profit of the Group in the first three quarters that instead was equal to 9,2 billion RMB, just over 1 billion.

During these months 12, Xiaomi claims to have continued to operate prudently, constantly improving its capacity to resist risk and significantly optimizing its gross profit. The latter is in fact equal to 15,3%, increasing by 25,2% compared to the previous year, for a total of 8,2 billion RMB (1 billion). While the total liquidity was equal to 56,6 billion RMB, 7,3 billion.

Xiaomi Group Q32019

So let's summarize the most important financial data on the Q3 2019:

  • The total turnover was around 53,7 billion RMB (€ 7 Mrd), with an increase of 5,5% compared to the previous year
  • Gross profit was approximately 8,2 billion RMB (1 € Mrd), up 25,2% compared to the previous year
  • Non-IFRS adjusted net profit was approximately 3,5 billion RMB (€ 450 Mio), with an increase of 20,3% compared to the previous year
  • Earnings per share is equal to 0,106 RMB (€ 0.01369).

Moving on to products instead. Xiaomi has announced that since the beginning of the "Smartphone + AIoT" strategy, the brand has made continuous progress resulting in an expansion of the user base.

The brand has also been included in the Fortune Global 500 and Forbes Global 2000 rankings of the 2019, the Fortune Future 50 and the Top 100 Digital Companies compiled by Forbes. A great international recognition for engagement in the digital economy and business strategy.

Xiaomi 5G

As for the future instead, Lei Jun, CEO and founder of Xiaomi Group said that "In anticipation of the next era of 5G technology, in the 2020, the Group will continue to focus on market trends and operate prudently. With healthy and stable cash flow and profitability, we are ready to seize and respond to the enormous market opportunities that will result from the widespread adoption of 5G, and we plan to launch at least 10 5G smartphone models in the 2020 on the market. "

So, in conclusion, very positive data for the brand that continues to grow, especially in Europe as we saw a few days ago this article.

Source

Xiaomi Group communicates the results obtained in the Q32019
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