Xiaomi's Q2 revenue was 70.2 billion yuan, and the global mobile phone market share continued to increase month-on-month

time:2022-09-27 05:54:39 source:scripttoolbox.com author:System
Xiaomi's Q2 revenue was 70.2 billion yuan, and the global mobile phone market share continued to increase month-on-month

Today, Xiaomi Group released its second quarter 2022 results announcement. During the reporting period, the total revenue was RMB 70.2 billion, and the adjusted net profit was RMB 2.1 billion, including RMB 611 million in innovative business expenses such as smart electric vehicles. In the second quarter of this year, the global macro environment fluctuated and the domestic epidemic rebounded, resulting in continued weak consumption and overall pressure on the global mobile phone market. According to Canalys, global smartphone shipments in the second quarter fell 8.9% year-on-year and 7.7% month-on-month. Smartphone shipments in China were 67.4 million units, down 10.1% year-on-year. In this context, Xiaomi's global smartphone market share has increased for two consecutive quarters. According to Canalys, in terms of smartphone shipments, Xiaomi will remain third globally in Q2 2022, with a market share of 13.8%, up 1.2 percentage points month-on-month, ranking the top three in 55 countries and regions around the world. Among them, it ranked second in Europe, and its market share increased to 21.7%. As of June 2022, the global and mainland China MIUI monthly active users reached 547 million and 140 million respectively. Revenue from overseas internet services reached a record quarterly high of RMB 1.7 billion, accounting for 23.9% of the total internet service revenue. As of June 30, 2022, the number of connected IoT devices (excluding smartphones, tablets and laptops) on the Xiaomi AIoT platform reached 527 million, a year-on-year increase of 40.7%. The number of users with 5 or more devices connected to the AIoT platform (excluding smartphones, tablets and laptops) exceeded 10 million for the first time, reaching 10.2 million. In Q2 2022, the global shipments of Xiaomi smart TVs rose against the trend. According to Aowei Cloud, Xiaomi’s TV shipments have ranked first in China for 14 consecutive quarters. At the same time, air-conditioning products have achieved strong growth. As of July 2022, Xiaomi's air-conditioning product shipments have exceeded 2 million units in 2021. In the second quarter of 2022, Xiaomi's R&D expenditure reached RMB 3.8 billion, a year-on-year increase of 22.8%. At the recent Xiaomi new product launch conference, Lei Jun mentioned that since 2017, the compound growth rate of Xiaomi’s R&D investment has reached 39.7%. Yuan. During the reporting period, Xiaomi not only launched a new self-developed Surging G1 battery management chip to optimize the battery life performance of mobile phone products, but also continued to strengthen the strength of high-end products, making significant breakthroughs in imaging technology and mobile phone form. In May 2022, Xiaomi announced that it has reached a long-term imaging strategic cooperation with Leica, and the imaging strategy has been fully upgraded, which has become another key step in Xiaomi's high-end process. In July this year, Xiaomi released the first model Xiaomi 12S series jointly developed by the two parties. Xiaomi 12S Ultra is equipped with Leica professional optical lens, Sony IMX989 one-inch image sensor, and Leica classic and vivid dual image quality, providing a very textured image. Mobile video experience. With the release of the Xiaomi 12S series, the third-generation high-end Xiaomi with "performance first, experience first" has emerged in an all-round way. According to the Jingdong platform, the Xiaomi 12S series has a positive rate of 98% and above, which has been positively recognized by the market. On August 11, Xiaomi released the second-generation flagship mobile phone with a folding screen, Xiaomi MIX Fold 2, which once again launched an impact on the high-end market. With the self-developed micro-water droplet-shaped hinge, it successfully broke through the historical problem that the folding screen felt heavy, with a 5.4mm ultra-thin flat design. In addition, Xiaomi actively explores the future and focuses on long-term technological value. Progress has been made in the field of autonomous driving technology and humanoid bionic robots. At present, Xiaomi adopts a technology layout strategy of full-stack self-developed algorithms in the field of autonomous driving. The first phase plans to invest RMB 3.3 billion in research and development expenses. In the first phase, more than 140 autonomous driving test vehicles will be invested, which will be tested successively across the country. On August 11, Xiaomi's first full-stack self-developed humanoid bionic robot, CyberOne, was officially unveiled. The self-research and conquest of cutting-edge technology shows Xiaomi's strong high-tech leadership, and also greatly promotes the comprehensive evolution and improvement of Xiaomi's high-end capabilities. In Q2 2022, facing the challenges of economic fluctuations and slowing demand brought about by the special period, Xiaomi's long-term accumulation of capacity building supports its development resilience and injects confidence into the market. At the same time, strong endogenous power will lead Xiaomi to overcome short-term fluctuations and reshape long-term development pattern.

(Responsible editor:Chassis)

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