KUALA LUMPUR, November 27 — Xiaomi Corporation announced record-breaking Q3 2024 revenue of RMB92.5 billion, marking a 30.5% year-over-year increase and the third consecutive quarter of robust growth. Adjusted net profit reached RMB6.3 billion, bolstered by the company’s premiumization strategy and its expanding “Human x Car x Home” smart ecosystem. Core businesses, including smartphones, IoT products, and internet services, contributed significantly, while its smart EV segment neared the RMB10 billion revenue milestone.
The company also reported rapid advancements in premium smartphone sales, IoT products, and its smart EV lineup. Xiaomi’s global smartphone shipments rose to 43.1 million units, while its Xiaomi 15 Series reached 1 million sales faster than its predecessor. Smart EV sales saw record deliveries of the Xiaomi SU7 Series, achieving a cumulative production of 100,000 units by November 2024. Additionally, Xiaomi highlighted its R&D investments, unveiling groundbreaking technologies and positioning itself as a global leader in innovation.
