Slide 1: Xiaomi Corporation Q3 2024 Results Announcement
Xiaomi Corporation Q3 2024 Results Announcement
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Xiaomi Corporation (the “Company”, and together with its sub
Slide 3: Q3 2024 Overall Financial Highlights
Q3 2024 Overall Financial Highlights Group Smartphone x AIoT4 Revenue Gross Profit Margin Revenue Gross Profit Margin RMB % RMB % 92.5 billion 20.4% 82.8 billion 20.8% +30.5% YoY +16.8% YoY Adjusted Net Profit1 Cash Resources3 RMB RMB Smart EV and Other New Initiatives 6.3 billion 151.6 billion Reve
Slide 4: Q3 2024 Overall Business Highlights
Q3 2024 Overall Business Highlights Solid Smartphone Position Leading AIoT Platform AIoT Connected Users with 5 or More Global Ranking1 Global Market Share1 Devices2 Connected Devices2 #3 13.8% 861.4 million 17.1 million +23.2% YoY +24.9% YoY Strong EV Momentum Broad User Base Number of Vehicle Numb
Slide 5: Human x Car x Home Strategy Drives Growth and Breakthrough Across All Businesses
Human x Car x Home Strategy Drives Growth and Breakthrough Across All Businesses Global Smartphone Shipments1 Number of Smart EVs Delivered1 Global Tablet Shipments1 +19.7% YoY 67,157 Vehicles +85% YoY Mainland China Smartphone Market Share2 Achieved Production in 230 Days Smart Large Home Appliance
Slide 6: Continue to Increase Investment in Research and Development
Continue to Increase Investment in Research and Development Aim to Become a Leader in the Realm of Cutting-edge Technologies R&D Expenses RMB Billions Q3 2024 Number of R&D Number of Granted R&D Expenses Employees1 Patents Globally1 ~30.0 up 19.9% YoY 20,000+ 41,000+ ~24.0 19.1 16.6 Ranking of Valid
Slide 7: A Big Stride Towards AI-Based Ecosystem: Xiaomi HyperOS
A Big Stride Towards AI-Based Ecosystem: Xiaomi HyperOS 2 Xiaomi HyperOS 2 Xiaomi HyperAI Powerful · User-Friendly · Smart Xiaomi HyperConnect Performance Graphics AI-writing AI-voice Dual-camera Consolidation Smart Mirroring Recognition Network Security AI Album AI Wallpaper Cross-device Intelligen
Slide 8: Acceleration and Upgrade of New Retail Strategy
Acceleration and Upgrade of New Retail Strategy Fully Support Human x Car x Home Strategy Number of Offline Stores in Mainland China1 Expand to 500 Offline Stores ~20,000 ~15,000 13,000+ 10,000+ Offline Stores Ensuring High-quality Monthly Deliveries of Smart EVs 2023 Q3 2024 2024 2025 In Q3 2024, 3
Slide 9: Record Results During Double 11 Shopping Festival
Record Results During Double 11 Shopping Festival Omnichannel Cumulative Paid GMV No.1 in Cumulative Sales Volume and Offline Store GMV up 65% YoY over RMB31.9 billion1 Sales Value among Domestic Smartphone Ranked No.1 in 100 Smart Ecosystem A Record High Brand on TMALL2 Categories on TMALL and JD.c
Slide 10: Strong Brand Recognition Globally
Strong Brand Recognition Globally Interbrand’s Best Global Brands 2024 Ranked #87 10
Slide 11: Smartphones
Smartphones
Slide 12: Global Smartphone Shipments Ranked Top 3 for 17 Consecutive Quarters
Global Smartphone Shipments Ranked Top 3 for 17 Consecutive Quarters and Achieved YoY Growth for 5 Consecutive Quarters Q3 2024 Shipments YoY Shipments Vendor Q3 2024 Market Share (Million Units) Change 14.6% 300.0 13.8% 13.8% Samsung 57.5 18.5% -2.0% 250.0 12.8% 12.8% 200.0 Apple 54.5 17.6% 8.8% 15
Slide 13: Mainland China Smartphone Market Share Steadily Rising
Mainland China Smartphone Market Share Steadily Rising Q3 2024 Shipments Q3 2024 Market YoY Shipments Vendor 14.7% (Million Units) Share Change 14.0 14.0% 14.2% vivo 13.0 18.9% 24.8% 13.0 13.6% 12.0 12.8% 13.0% Huawei 10.8 15.7% 24.1% 11.0 10.0 10.2 HONOR 10.3 14.9% -13.0% 10.0 9.5 9.5 9.1 9.0 Xiaom
Slide 14: Leadership Across All Major Markets Globally
Leadership Across All Major Markets Globally Q3 2024 Smartphone Shipments Ranking and Market Share YoY Market Share Change No.3 No.3 20.4% +1.2% Europe No.4 13.8% No.2 14.7% Global 16.4% Mainland China Middle East No.4 +0.6% No.3 15.5% 16.4% No.3 Southeast Latin America 11.7% No.3 Asia Africa 16.7%
Slide 15: Relentless Execution of Smartphone Premiumization Strategy
Relentless Execution of Smartphone Premiumization Strategy Premium Smartphone as % of Premium Smartphone Total Smartphone Units Sold in Mainland China1 Market Share1 in Mainland China 22.6% 18.1% 21.3% 20.3% 12.9% 17.7% 17.0% 17.4% 8.9% 6.9% 4.5% 2021 2022 2023 9M 2023 9M 2024 RMB3,000-4,000 RMB4,00
Slide 16: Xiaomi 15 Series: The Ultimate Flagship Experience
Xiaomi 15 Series: The Ultimate Flagship Experience Embedded with Xiaomi HyperOS 2 Xiaomi 15 Series Bright Silver Edition Diamond Limited Edition Achieved 1 million unit Sales Volume Faster than the Previous Generation 20 Custom Color Options Launched in Mainland China in October 2024 16
Slide 17: IoT and Lifestyle Products
IoT and Lifestyle Products
Slide 18: Global Leading Consumer AIoT Platform
Global Leading Consumer AIoT Platform Number of Connected Devices1 Users with 5 or More Devices Millions Connected to Xiaomi’s AIoT Platform1 861.4 Millions 822.2 786.1 739.7 17.1 15.2 16.1 698.9 14.5 13.7 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Mi Home App MA
Slide 19: Smart Large Home Appliances: Continue Robust Growth Momentum
Smart Large Home Appliances: Continue Robust Growth Momentum Air Washing Refrigerators Conditioners Machines Air conditioner shipments Refrigerator shipments Washing machine shipments exceeded 1.7mn units in Q3 2024 exceeded 810k units in Q3 2024 exceeded 480k units in Q3 2024 up 55%+ YoY up 20%+ Yo
Slide 20: Explore In-house Development of Smart Home Appliances
Explore In-house Development of Smart Home Appliances Xiaomi Smart Home Appliances Vast Potential for Innovation Center Product Innovation Launched in Mainland China in October 2024 Total Investment Innovative Top-out Airflow Design RMB 120 million Level 1+ Energy Efficiency1 Support Xiaomi HyperOS
Slide 21: Wearables: Leading Position Globally
Wearables: Leading Position Globally Leading Position New Product Launch Launched in Mainland China in October 2024 Wearables Smart Watch and TWS Global shipments in Global shipments in Feature Xiaomi HyperOS 2 Q3 2024 Q3 2024 Control Mi Home Devices Directly Support Dual-mode Intercom1 up 50%+ YoY
Slide 22: Tablets: Ranked No.5 Globally, Maintain Strong Growth Momentum
Tablets: Ranked No.5 Globally Maintain Strong Growth Momentum Q3 2024 Q3 2024 YoY Shipments Vendor Global Shipments Market Share Change Ranked No.3 in Mainland China (Million Units) Apple 13.6 36.3% 0.3% Ranked No.5 Globally Samsung 6.9 18.4% 12.4% Lenovo 3.0 7.9% 14.4% Huawei 2.9 7.7% 28.8% Xiaomi
Slide 23: Smart EV and Other New Initiatives
Smart EV and Other New Initiatives
Slide 24: Best-selling Sedan in Multiple Rankings in Mainland China in October
Best-selling Sedan in Multiple Rankings in Mainland China in October Best-selling Sedan Best-selling Sedan Best-selling Sedan Among Emerging Brand Sedans Among Sedans Priced Among Mid-full Size Above RMB200,000 Electric Sedans 1 Source: Yiche Rankings 2 Defined as Mercedes-Benz E-Class 24 3 Defined
Slide 25: The Fastest New Auto OEM to Produce 100,000 Vehicles
The Fastest New Auto OEM to Produce 100,000 Vehicles The 100,000 th Xiaomi SU7 rolled off the production line in just 230 days 25
Slide 26: Excellent Performance And Build Quality
Excellent Performance And Build Quality Xiaomi SU7 Earned Top Safety Ratings Across Three Categories According to the China Insurance Research Institute (CIRI) Test Results Occupant Safety Index G+ Pedestrian Safety Index G+ Vehicle Assisted Safety Index G+ Rating Standards G+ Good+ | G Good | A Acc
Slide 27: Ramping up Autonomous Driving Capabilities
Ramping up Autonomous Driving Capabilities Late Launch the Pioneer Version1 of the Full-scenario Hyper Autonomous Driving December (HAD) Solution Late City NOA Feature Available Across the October Country August Launched the Pioneer Version1 of City NOA Nationwide June City NOA Across 10 Cities in M
Slide 28: Continued to Expand EV Sales Network
Continued to Expand EV Sales Network October 31 138 EV Sales Centers in 38 Cities September 30 127 EV Sales Centers in 38 Cities June 30 87 EV Sales Centers in 30 Cities March 28 59 EV Sales Centers in 29 Cities 28
Slide 29: Monthly Delivery of Xiaomi SU7 Steadily Increased
Monthly Delivery of Xiaomi SU7 Steadily Increased Deliver upon Launch Xiaomi SU7 In the 3rd month Delivered 10,000+ vehicles Monthly Delivery In the 7th month Delivered 20,000+ vehicles 20,000+ 20,000+ Strive to deliver 130,000 vehicles in 2024 2024.04 2024.05 2024.06 2024.07 2024.08 2024.09 2024.10
Slide 30: Start with Core Fundamental Technologies
Start with Core Fundamental Technologies Committed to Invest Tenfold to Produce an Outstanding Car Human x Car x Home Brand Image Premiumization Strategy Product-oriented R&D Capabilities Group Resources Approach Core Foundational Self-Developed Supply Chain Customer Killer Product Sales Channel Tec
Slide 31: Xiaomi SU7 Ultra: Aim to Become the Fastest 4-door Mass-produced EV
Xiaomi SU7 Ultra: Aim to Become the Fastest 4-door Mass-produced EV Xiaomi SU7 Ultra: RMB 814,900 Officially Launching in March 2025 1.98s 1,548ps 350km/h 0-100 km/h Max Top Acceleration Horsepower Speed Three High-Performance Track-Specific Self-Developed Motors Ultra Battery Pack Cooling System Pr
Slide 32: Pushing the Boundaries
Pushing the Boundaries 6 46 874 ’’ ’ Breaking the lap record, becoming the fastest four-door car in Nürburgring Nordschleife history 32
Slide 33: ESG
ESG
Slide 34: The 5th Year of the Xiaomi Foundation
The 5th Year of the Xiaomi Foundation Poverty and Disaster Relief Over RMB160 million1 Cumulative Donation Talent Development Xiaomi Scholarships Program Funded a Total 12,000 Colleges and Universities Students1 Technology Innovation Xiaomi Innovation Joint Fund The Xiaomi Foundation Donated a Total
Slide 35: ESG Ratings Achieved Steady Improvement
ESG Ratings Achieved Steady Improvement Environment Social The Volume of Electronic Waste Development of Human Capital Recycled has Significantly Number of R&D Employees Accounted for Increased YoY 53% of the Total Employees October 2024 Established a Comprehensive Training MSCI System for All Emplo
Slide 36: Recognitions and Awards for ESG Efforts
Recognitions and Awards for ESG Efforts Best Employer China ESG 50 Recognized on the Named on the 2024 BEST EMPLOYER SELECTION 2024 ESG 50 List by Forbes China List by Forbes China On the list for To recognize companies with 3 consecutive years best practices in ESG 36
Slide 37: Financial Highlights
Financial Highlights
Slide 38: Q3 2024 Total Revenue Grew 30.5% YoY
Q3 2024 Total Revenue Grew 30.5% YoY Revenue RMB Billions 92.5 92.5 88.9 9.7 9.7 70.9 6.4 8.5 7.8 26.1 20.7 82.5 82.8 73.2 75.5 70.9 41.6 47.5 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q3 2023 Q3 2024 Smartphones IoT and lifestyle products Smartphone x AIoT1 Smart EV and other new initiatives Internet
Slide 39: Q3 2024 Revenue by Segment
Q3 2024 Revenue by Segment Smartphones Revenue IoT and Lifestyle Products Revenue RMB Billions RMB Billions 46.5 47.5 41.6 Smartphones revenue reached RMB47.5 26.8 26.1 IoT and lifestyle products revenue billion, up 13.9% YoY reached RMB26.1 billion, up 26.3% YoY 20.7 Smartphone shipments reached 43
Slide 40: Gross Profit Margins Remained Healthy
Gross Profit Margins Remained Healthy AIoT Gross Profit Margin Reached Record High Overall Smartphone x AIoT1 Smart EV and Other New Initiatives % % % 22.7% 22.7% 20.7% 20.4% 21.1% 20.8% 17.1% 15.4% Q3 2023 Q2 2024 Q3 2024 Q3 2023 Q2 2024 Q3 2024 Q3 2023 Q2 2024 Q3 2024 Smartphones IoT and Lifestyle
Slide 41: Operating Expenses Ratio Continued to Decline
Operating Expenses Ratio Continued to Decline Total Operating Expenses 25.0 18.0% RMB Billions 16.0% 20.0 13.9% 12.9% 12.8% 12.4% 14.0% 11.7% 12.0% 15.0 10.0% 2.7 3.3 8.0% 2.5 2.9 10.0 1.9 6.0% 4.0% 5.0 9.1 10.2 9.6 9.6 10.3 2.0% - 0.0% Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Operating expenses rela
Slide 42: Continuously Optimizing Profitability Level
Continuously Optimizing Profitability Level Loss from New Businesses Continued to Narrow Down Adjusted Net Profit1 RMB Billions 13.0% 14.0 11.0% 11.6% 12.0 10.9% 10.0% 9.6% 9.3% 9.0% 10.0 8.4% 8.6% 7.0% 6.7% 6.9% 6.8% 5.0% 8.0 2.3 1.7 1.8 1.5 3.0% 6.0 2.4 1.0% 4.0 6.5 -1.0% 6.0 6.2 6.3 2.0 4.9 -3.0%
Slide 43: Record High Cash Position
Record High Cash Position Cash Resources1 RMB Billions Our cash resources1 were RMB151.6 billion 151.6 +18.7% YoY 127.6 Returned cash to shareholders through repurchasing 249.2 million shares (HKD3.71 billion2) in 20243 Q3 2023 Q3 2024 1 Including but not limited to (i) cash and cash equivalents, (i
Slide 44: IR@xiaomi.com
IR@xiaomi.com https://ir.mi.com/