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Xiao Mi revealed its performance exceeded expectations. By setting new records for both quarterly and net profit | AV Tech Guide, Online Media, News Reviews, HiFi Audio, Home Theater, TV, Smartphone, IT, Multimedia and Innovative Products

Bangkok, Thailand, November 25, 2020 – Xiaomi Corporation (Xiaomi; Stock Code: 1810), an Internet specialist company, is the leader in connected smartphones and smart hardware on the Internet of Things platform ( IoT) released results for three months and nine months ended September 30, 2020 (“period”).

Xiaomi’s outstanding performance in the third quarter of 2020, which set 15 new records:

– Total revenue was CNY 2 billion, an increase of 34.5% compared to the same period a year ago.

– Adjusted net profit of CNY 1 billion, an increase of 18.9% compared to the same period last year.

– Smartphone revenue was CNY 6 billion, an increase of 47.5% compared to the same period a year ago.

– The number of smartphone shipments was 6 million, an increase of 45.3% compared to the same period last year.

– Revenue from foreign markets

– Revenue from IoT and lifestyle products abroad

– Income from internet services abroad

– The number of MIUI users per month abroad

– income from internet advertising

– Global MIUI number of monthly users

– Number of Users per month of Smart TV and Mi Box

– Number of connected IoT devices (smartphones and laptops not included) on the AIoT platform.

– Number of users with five or more devices connected to Xiaomi’s AIoT platform (smartphones and laptops not included).

– Number of monthly users of the Mi Home App

– Number of users per month of AI Assistant

Xiao Mi Corporation said, “The Xiao Mi Group has been able to maintain its strong growth momentum in the third quarter of 2020, and has the highest quarterly revenue and net profit. We have seen steady growth in different business segments this quarter.

Siao Mi Group continues to operate in accordance with the core strategy, “Smartphone X AIoT”.

“We have the world’s leading smartphone business and a consumer IoT platform. Our smartphone business continues to grow in spite of the obstacles. We take advantage of the Dual Brand strategy and continuous technological development as well as the ‘Three Principles’.

Which consists of Relentlessly exploring and innovating, offering products with the right price-performance ratio. And efforts to create the best products

These three principles make us successful. And able to maintain its position in the premium market And has the number of smartphone shipments ranked 1 in 3 in the world again With a wide range of business ecosystems and internet services, our AIoT terminals continue to attract users, and its monetization capabilities significantly strengthen the value chain. Obviously “

The number of smartphone shipments ranks among the top 3 in the world by maintaining its position in the premium smartphone market.
In the third quarter of 2020, Xiaomi’s smartphone business Huge growth in both revenue and shipments record high It is also able to maintain its growth momentum in both mainland China and overseas markets.

It recorded smartphone revenues of RMB 47.6 billion in the quarter, up 47.5 percent from the same period a year ago. And a total of 46.6 million smartphone shipments, a 45.3 percent increase compared to the same period last year.

According to Canalys, in Q3 2020, Xiaomi was ranked No. 3 in the world in terms of smartphone shipments. With a 13.5% market share

In the first ten months of 2020, the Xiaomi Group sold more than 8 million smartphones worldwide, with a retail price of approximately CNY 3,000 or more in mainland China and € 300, or equivalent in international markets.

Xiaomi Group The company remains firmly committed to the “Dual Brand” strategy, which has yielded excellent results in mainland China, with growth in both volume and average selling prices. Xiao Mi has successfully maintained its position in the premium smartphone market, leading the industry’s advancement in key smartphone features.

Such as cameras and fast charging, according to Canalys report, Xiaomi’s smartphone shipments in mainland China rose to 12.6% in Q3 2020, up from 9.0% in the period. The same time of 2019 and still retains the position in the top 4

In the meantime Xiaomi’s average smartphone sales prices in mainland China increased 14.7% compared to the same period last year. Driven by a higher percentage of sales from premium smartphones

During the Singles Day Shopping Festival in 2020, Xiao Mi was ranked No. 1 in the sales of Android smartphones on Tmall.com, JD.com and Suning.com.

In addition, according to Canalys reports, the Redmi brand was also ranked 3rd in the world’s top 10 best selling smartphones in Q3 2020.

It continues to be the leader in the Smart Living group as the “Smartphone X AIoT” strategy starts to take effect.
By leveraging the large user base and new retail channel capabilities supported by the “Smartphone X AIoT” strategy, the Xiaomi Group has revenue from IoT and lifestyle products of 18.1 billion. Yuan in Q3 2020, an increase of 16.1% compared to the same period last year.

Revenue from IoT and lifestyle products in overseas markets increased 56.2% compared to the same period last year. Which is the highest record

Xiao Mi remains the leader in mainland China’s smart TV market. And launched a flagship product in the Mi TV Master Series in Q3 2020, strengthening its position in the premium market.

Xiaomi’s smart TV shipments worldwide reached 3.1 million, according to All View Cloud (“AVC”) data. Xiaomi was ranked number one in mainland China in terms of TV shipments for the seventh quarter. Consecutive, while retaining the top five positions in the world

In addition, this quarter, Xiaomi maintained a leading position in various IoT products and continued to expand its product portfolio. As well as bringing innovative technology to users

According to IDC last quarter Xiao Mi is ranked 1 in 3 in terms of shipments in mainland China in a wide range of products such as smart door locks Air purifier Robot vacuum cleaners, cordless headphones, and wrist-worn devices, etc.

As of September 30, 2020, the number of connected IoT devices (excluding smartphones and laptops) on Xiaomi’s AIoT platform reached 289.5 million, an increase of 35.8% compared to the same period last year.

The number of users with five or more devices connected to Xiaomi’s AIoT platform (excluding smartphones and laptops) reached 5.6 million, an increase of 59.0% compared to the same period last year. Xiao Mi AI assistant “小 愛 同學” had 78.4 million monthly active users in September 2020, an increase of 35.5% compared to the same period last year.

Meanwhile, Mi Home App had 43.1 million monthly active users, a 34.2% increase compared to the same period last year.

The increased revenue capability of internet services
Internet services revenue increased 8.7% from Q3 2019 to RMB 5.8 billion in Q3 2020.Overseas internet services revenue increased 75.6% compared to the same period a year ago to RMB 0.7 billion, equivalent to 12.0% of total internet service revenue

From the strong growth of the smartphone shipments. MIUI’s monthly user numbers rose 26.3% to 368.2 million in September 2020, while MIUI’s monthly user numbers in mainland China reached 109.4 million.

In Q3 2020, ad revenue recorded a record 3.3 billion yuan, a 13.7 percent increase compared to the same period a year ago.

This was mainly due to the optimization of the Xiaomi Group’s income generation. And strong overseas ad revenue growth. Meanwhile, gaming business revenue for the third quarter of 2020 was RMB 800 million.

As of September 2020, the number of monthly users of the Smart TV and Mi Box reached 35.8 million, a 49.9% increase compared to the same period last year.

As of September 30, 2020, the number of paid subscribers increased 28.2 compared to the same period of the previous year to 4.2 million.

Over half of all revenues from the overseas market for the first time.
In the third quarter of 2020, Xiao Mi’s revenues from overseas markets increased 52.1% year-on-year to 39.8 billion yuan, accounting for 55.1% of total revenues, the highest quarterly foreign market revenue. And has the highest percentage of total income in history

According to Canalys, this quarter, Xiaomi’s smartphone shipments in Western Europe increased 107.3% compared to the same period last year.

It has a 13.3% market share and is ranked first in 3 in the region for the first time. Especially Xiao Mi retained the highest smartphone shipments position for the third straight quarter in Spain. With 33.9% market share

Xiaomi is also growing rapidly in other markets such as Latin America, the Middle East and Africa.

Xiaomi has strengthened its existing channel network. And there has been great progress in the mobile network operator channels.

On September 30, 2020, Xiaomi has partnered with more than 50 telecom operators covering more than 100 subnets in 50 countries.

In the first nine months of the year Xiaomi has shipped over 10 million smartphones to overseas markets. Except India Via e-commerce channel

Investment in research and development continues to rise
Xiao Mi is dedicated to advanced technology. A lot of research and development has been undertaken in order to enhance the user experience.

During this time Xiaomi has launched a revolutionary ultra wideband (UWB) technology. With this technology The user’s smartphone will be able to recognize the signals from the surrounding smart devices and control them.

Just point your smartphone at those smart devices, Xiaomi also launched 3rd generation under-screen camera technology, including 80W Mi wireless charging technology.

At the Mi Developer Conference (MIDC 2020) held in November In 2020, Xiaomi Group launched Xiaomi Vela, an IoT software platform built on the Nuttx open-source embedded operating system.

The platform aims to improve interconnection in all everyday situations to support the IoT ecosystem.

In addition, at this event, Xiaomi introduced a new generation of AI assistant “XiaoAi AI Assistant 5.0” that offers functions such as complete collaboration in different situations as well as interactive conversations. Active And customizable sound

To date, Xiao Mi has established a large engineering team consisting of over 10,000 talented engineers in 2021, the Xiao Mi Group will continue to invest and provide additional engineers to strengthen its research and development capabilities. Next

The Xiaomi Group aims to expand Xiaomi’s technology capabilities in key areas.

Including photography, screen display, fast charging / wireless charging, voice, platform and connectivity, IoT, AI and voice interaction, 5G / 6G Big Data and cloud services, the process of making Digitalization and workflow management system Including intelligent production systems

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