Xiaomi expects to ship 190 million mobile phones this year

Xiaomi Group today released the third-quarter financial report as of September 30, 2021, and announced some data. According to the financial report, Xiaomi Group's third-quarter revenue was 78.06 billion yuan, a year-on-year increase of 8.2%, and the market was estimated to be 77.46 billion yuan. Under non-IFRS, adjusted net profit was 5.176 billion yuan, a year-on-year increase of 25.4%. Earnings per share for the third quarter were RMB 0.03, and the market expected RMB 0.22.

It is reported that on March 30, 2021, Xiaomi officially announced the establishment of a wholly-owned subsidiary responsible for Xiaomi's smart electric vehicle business. At present, the smart electric vehicle business is progressing smoothly, with more than 500 team members. Its smart electric vehicles are expected to be officially mass-produced in the first half of 2024.

Xiaomi Group said that in the third quarter, smartphone business revenue reached 47.8 billion yuan, with a gross profit margin of 12.8%, a year-on-year increase of 4.4%; Xiaomi's global smartphone shipments reached 43.9 million units, ranking third in the world, with a market share of 13.5%. Xiaomi Group expects that the annual mobile phone shipments in 2021 will be approximately 190 million.

Regarding the supply chain and global core shortage, Xiaomi Group stated that the chip shortage will be alleviated in 2022, especially in the second half of the year.

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