Xiaomi in Q2 2022: over 70 billion in turnover and 39 million smartphones shipped

Yesterday, Xiaomi Group released its quarterly financial report for Q2 2022. In the report we find that Xiaomi's revenue in the second quarter was 70,17 billion yuan, a year-on-year decrease of 20,1%. . While net profit in the second quarter was 1,39 billion yuan, down 67% year on year.

Xiaomi in Q2 2022: over 70 billion in turnover and 39 million smartphones shipped

In the first half of the year, the Xiaomi Group's revenue was 143,5 billion yuan, down 13% year-on-year, and its net profit was 798,8 million yuan, down 95% on an annual basis.

Smartphone segment revenue decreased 28,5% to 42,3 billion yuan in the second quarter of 2022 from 59,1 billion yuan in the second quarter of 2021, mainly due to the decrease in smartphone shipments.

In fact, smartphone shipments fell 26,2% from 52,9 million units in the second quarter of 2021 to 39,1 million units in the second quarter of 2022.

Xiaomi said its business expenses such as smart electric vehicles were 611 million yuan in the quarter. In the field of autonomous driving, an elite R&D team of over 500 people was formed and a technology layout strategy for full-stack self-developed algorithms was formulated.

The company plans to invest 3,3 billion yuan in the first phase of research and development in the field of autonomous driving and continues to promote technological innovations.

According to data from Canalys, Xiaomi ranked third in global smartphone shipments this quarter, with a market share of 13,8%, up 1,2 percentage points from the previous quarter.

Xiaomi said that “Despite the impact of the global macroeconomic environment, we have continued to strengthen our global presence and the strength of our brand has been recognized internationally. In the second quarter of 2022, our foreign market revenue was 34 billion yuan, equal to 48,4% of our total revenue ”.

According to data from Canalys, in the second quarter of 2022, Xiaomi ranked in the top three for smartphone shipments in 55 countries and regions and in the top five in 67 countries and regions of the world. Africa and other regions achieved a monthly increase in market share.

In addition, in August 2022, Xiaomi was included in the Fortune Global 500 list for the fourth consecutive year, ranking in 266th place, a leap of 72 positions from last year.

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30 November 2022 9: 28
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Price updated on: 30 November 2022 9:28
Pierpaolo Figuccia

Pierpaolo Figuccia

Nerd, passionate about technology, photography, video maker and gamer. And of course I love Xiaomi products! Available on Twitter.

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