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Xiaomi in Q2 2020: Over 50 billion in turnover and 28 million smartphones shipped

August 26 2020

she jun cfo xiaomi Alain Lam Xiaomi Q2 2020 Q2 2022

This afternoon Xiaomi Group released its financial report for the second quarter of 2020. Starting with the turnover of 53,54 billion yuan (6,5 billion euros) achieved in the second quarter, compared to 51,951 billion yuan (6,3, 2020 billion euros) in the same period last year. Net profit in the second quarter of 3,37 was 400 billion yuan (3,635 million euros), so compared to 440 billion yuan (7,2 million euros) in the same period last year, there is was a XNUMX% year-on-year decline.

Xiaomi in Q2 2020: Over 50 billion in turnover and 28 million smartphones shipped

This financial report confirms that in the second quarter of 2020 the global epidemic had a greater impact on the global smartphone market than in the first quarter. With revenues from Xiaomi smartphone sales that in the quarter were 31,6 billion yuan (3,8 billion euros), down 1,2% year-on-year. Specifically, 28,3 million units were sold-

Xiaomi said that at the same time, benefiting from the increase in the percentage of sales of mid to high-end smartphones, Xiaomi's global average selling price ("ASP") continued to increase, up to 11,8% on annual basis and 7,5% on a monthly basis. According to Canalys statistics, in the second quarter of 2020, Xiaomi's global smartphone shipments ranked fourth in the world, with a market share of 10,1%.

Also in the second quarter of 2020, the Xiaomi Group's online services revenues were 5,9 billion yuan (725 million euros), an increase of 29,0% on an annual basis, equal to 11,0% of total revenue. Advertising, gaming and other value-added services have all seen growth.

In June 2020, MIUI's monthly active users increased to 343,5 million, an increase of 23,3% year-on-year. Among them, there are 109,7 million monthly active users in China alone.

While Xiaomi's advertising revenues were 3,1 billion yuan (380 million euros), an increase of 23,2% year-on-year. Video game revenue reached 1 billion yuan, up 54,5% year on year, mainly due to the continued good performance of the video game market in China.

In addition, revenues from other online services reached 1,8 billion yuan (221 million euros), an increase of 27,0% year-on-year, mainly thanks to the growth of the Youpin e-commerce platform and revenues from TV subscriptions.

Revenues from online services other than smartphone advertising and games, including revenues generated by Youpin e-commerce platforms, financial technology companies, Internet TV services and Internet services overseas, therefore increased by 39,5, 39,0% on an annual basis, representing XNUMX% of total revenues.

The financial report also shows that in the second quarter of 2020, IoT (Internet of Things) and consumer products revenue will amount to 15,3 billion yuan (1,8 billion euros), an increase of 2,1 , XNUMX% compared to the same period last year.

Revenues from sales of smart TVs and laptops decreased by 12,2% from 5,5 billion yuan (670 million euros) in the second quarter of 2019 to 4,8 billion yuan (590 million euros) in the second. quarter of 2020, mainly due to the reduction in sales activities due to the epidemic and the lack of new products. The epidemic has in fact affected the production, transport, sale and release rate of some products of the Xiaomi Group, causing a slowdown in overall growth.

Global TV market shipments slowed overall, and global Xiaomi smart TV shipments reached 2,8 million units, maintaining slight year-on-year growth. According to statistics from Aowei Cloud Network, Xiaomi TV shipments in the second quarter of 2020 still ranked # XNUMX in China for six consecutive quarters.

As for revenues in markets outside China, these amounted to 24 billion yuan (2,9 billion euros), an increase of 10,0% year on year, or 44,9% of total revenue.

Finally, in the second quarter of 2020, according to data from Canalys, Xiaomi's smartphone shipments in Europe increased by 64,9% on an annual basis, with a market share of 16,8%, climbing to the top three for first time. In Western Europe, Xiaomi's smartphone shipments increased 115,9% year-on-year, with a 12,4% market share. Also, in the second quarter of 2020, Xiaomi smartphone shipments accounted for 30,7% of the Indian market. In Latin America, the Middle East, and Africa, Xiaomi's smartphone shipments increased by 99,4%, 66,3% and 113,0% year-on-year, respectively.