comscore Xiaomi reveals financial results and earnings for 2019 | BGR India
News

Xiaomi reveals financial results and earnings, shipped 124.6 million smartphones in 2019

Xiaomi's total revenue exceeded RMB 200 billion for the first time, reaching RMB 205.8 billion.

  • Published: April 1, 2020 4:30 PM IST
Xiaomi Redmi Note 8 First Impressions 1

Chinese company Xiaomi yesterday announced its financial results for the year-end as of December 31, 2019. The company declared a solid growth across all business segments. The group’s total revenue exceeded RMB 200 billion for the first time, reaching RMB 205.8 billion. That is 17.7 percent year-on-year representing a 9-year CAGR of 112 percent. The Adjusted Net Profit was RMB 11.5 billion, up 34.8 percent YoY. Also Read - Xiaomi to announce 22 products during Mi Fan Festival; will mark 10 year anniversary

In the fourth quarter of 2019, Xiaomi’s total revenue grew by 27.1 percent to RMB 56.5 billion. The adjusted net profit was RMB2.3 billion, increasing by 26.5% YoY. In 2019, Xiaomi’s total revenue was approximately RMB 205.84 billion, up 17.7 YoY beat market consensus. The company’s gross profit was approximately RMB 28.55 billion, up 28.7 percent YoY. The company’s non-IFRS adjusted net profit was RMB 11.53 billion, up 34.8 percent YoY, beat market consensus. Per-share, Xiaomi’s earnings were RMB 0.0423. Meanwhile, the aggregate amount of cash resources was RMB 66 billion. Also Read - Xiaomi, Poco and Oppo phones get a price hike in India: Here's why

Watch: Top 5 smartphones under Rs 20000

Xiaomi’s financial figures in Q4 2019

In just Q4 2019, Xiaomi’s total revenue was high at RBM 56.47billion, up 27.1 percent YoY, being the best quarter of the year. Gross Profit was approximately RMB 7.84 billion, up 38.5 percent YoY. Non-IFRS adjusted net profile was RMB 2.34 billion, up 26.5 percent YoY. Also Read - Xiaomi pledges to donate Rs 15 crore to battle against Coronavirus outbreak in India

“Despite headwinds from the Sino-US trade war and global economic downturn, Xiaomi stood out in 2019 with a commendable set of results as our revenue exceeded RMB200 billion for the first time. We also celebrated several key milestones, ranging from the successful launch of our dual-brand strategy as Xiaomi and Redmi are spun-off and independently operated, the affirmation of ‘5G+AIoT’ as our strategic roadmap, to our inaugural entries into the prestigious ranks of the Fortune Global 500 and BrandZ’s Top 100 Most Valuable Global Brands,” said Xiaomi Chairman and CEO Lei Jun.

In 2019, Xiaomi’s revenue of the smartphone segment reached RMB 122.1 billion, up 7.3 percent year-over-year. In the fourth quarter of 2019, revenue of the smartphone segment was RMB30.8 billion, an increase of 22.8 percent year-over-year. For 2019, Xiaomi shipped 124.6 million units of smartphones while in the fourth quarter, shipments were approximately 32.6 million, up 30.5 percent year-over-year. According to Canalys, for the fourth quarter of 2019, Xiaomi achieved the highest year-over-year smartphone shipment growth among the top five smartphone companies.

“While the entire world is still under the dark shadows of COVID-19, we have maintained our keen focus on efficiency to tide over this economic ‘black swan’ with everyone. At Xiaomi, we firmly believe that our long-term business success is underpinned by technological innovations, and to that effect, we plan to invest RMB50.0 billion in the next five years, as we relentlessly focus on technological innovation and user experience to grow our loyal Mi Fan base. Overall, we remain committed to using technology to connect and improve lives everywhere in the future,” Lei Jun added

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: April 1, 2020 4:30 PM IST



new arrivals in india

Samsung Galaxy M51
Samsung Galaxy M51

24,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Xiaomi Redmi 9A
Xiaomi Redmi 9A

6,799

Vivo Y20
Vivo Y20

12,990

Xiaomi Redmi 9
Xiaomi Redmi 9

8,999

Nokia 5.3
Nokia 5.3

13,999

Motorola Moto G9
Motorola Moto G9

11,499

Realme C15
Realme C15

9,999

Realme C12
Realme C12

8,999

Samsung Galaxy Note 20
Samsung Galaxy Note 20

77,999

Xiaomi Redmi 9 Prime
Xiaomi Redmi 9 Prime

9,999

Oppo Reno4 Pro
Oppo Reno4 Pro

34,990

Samsung Galaxy M01 Core
Samsung Galaxy M01 Core

5,499

Realme 6i
Realme 6i

12,999

Asus Rog Phone 3
Asus Rog Phone 3

49,999

OnePlus Nord
OnePlus Nord

24,999

Infinix Smart 4 Plus
Infinix Smart 4 Plus

7,999

Xiaomi Redmi Note 9
Xiaomi Redmi Note 9

11,999

Samsung Galaxy M01s
Samsung Galaxy M01s

9,999

Vivo X50 Pro 5G
Vivo X50 Pro 5G

49,990

Vivo X50 5G
Vivo X50 5G

34,990

Realme C11
Realme C11

7,499

Poco M2 Pro
Poco M2 Pro

13,999

Realme X3
Realme X3

24,999

Realme X3 SuperZoom
Realme X3 SuperZoom

27,999

Tecno Spark Power 2
Tecno Spark Power 2

9,999

Oppo A12
Oppo A12

9,990

Oppo A52
Oppo A52

16,990

Samsung Galaxy A21s
Samsung Galaxy A21s

15,999

Oppo Find X2
Oppo Find X2

64,990

Motorola One Fusion Plus
Motorola One Fusion Plus

17,499

Samsung Galaxy A31
Samsung Galaxy A31

20,999

Samsung Galaxy M01
Samsung Galaxy M01

8,999

Samsung Galaxy M11
Samsung Galaxy M11

10,999

Infinix Hot 9 Pro
Infinix Hot 9 Pro

9,999

LG Velvet
LG Velvet

Price Not Available

Xiaomi Mi Note 10 Lite
Xiaomi Mi Note 10 Lite

Price Not Available

Apple iPhone SE 2020
Apple iPhone SE 2020

42,500

Honor 30 Pro
Honor 30 Pro

Price Not Available

Honor 30
Honor 30

Price Not Available

OnePlus 8
OnePlus 8

44,999

OnePlus 8 Pro
OnePlus 8 Pro

54,999

Xiaomi Redmi Note 9 Pro
Xiaomi Redmi Note 9 Pro

13,999

Motorola Moto E4
Motorola Moto E4

8,999

Samsung Galaxy On Max
Samsung Galaxy On Max

9,775

nubia N2
nubia N2

15,999

Karbonn K9 Kavach 4G
Karbonn K9 Kavach 4G

5,290

Motorola Moto C Plus
Motorola Moto C Plus

6,999

Best Sellers