Xiaomi Total Revenue Amounted to RMB328.3 billion in 2021, An Increase of 33.5% Year-over-Year

In 2021, Xiaomi total revenue amounted to RMB328.3 billion, an increase of 33.5% year-over-year; adjusted net profit was RMB22.0 billion, an increase of 69.5% year-over-year.

In the fourth quarter of 2021, Xiaomi total revenue reached RMB85.6 billion, an increase of 21.4% year-over-year; adjusted net profit was RMB4.5 billion, an increase of 39.6% year-over-year.

According to Canalys, in 2021, Xiaomi ranked No. 3 in smartphone shipments in mainland China, and its market share increased to a record high 15.2% from 12.1% in 2020. In December 2021, the MAU of MIUI in mainland China grew 17.0% year-over-year to 129.8 million, an increase of 18.9 million users in 2021. Xiaomi continued to reinforce leadership in the online channel. According to third-party data, its smartphone market share in mainland China through the online channel increased from 23.4% in 2020 to 33.6% in 2021. At the same time, they continued to expand offline channel coverage in mainland China, and the number of offline retail stores exceeded 10,200 as of December 31, 2021.

In 2021, Xiaomi revenue from overseas markets reached RMB163.6 billion, representing an increase of 33.7% year-over-year and accounting for 49.8% of its total revenue. According to Canalys, Xiaomi market share of smartphone shipments in 2021 ranked No. 1 in 14 countries and regions and among the top five in 62 countries and regions globally, including ranking No. 2 in Europe. In 2021, Xiaomi has improved regional smartphone market shares in all major regions including mainland China, Europe, Latin America, the Middle East, Africa and Asia Pacific.

Smart electric vehicles

Since announcing its plan to enter the smart electric vehicle business in March 2021, Xiaomi progress has been ahead of schedule. Currently, Xiaomi smart electric vehicle research and development team exceeds 1,000 people. Looking ahead, Xiaomi will continue to expand research and development in core areas such as autonomous driving and smart cabin. Xiaomi continues to expect mass production to officially begin in the first half of 2024.

Investment

As of December 31, 2021, Xiaomi had invested in more than 390 companies with an aggregate book value of RMB60.3 billion, an increase of 25.7% year-over-year. In 2021, Xiaomi recorded a net gain on disposal of investments (after tax) of RMB3.3 billion.

Profit for the Year

Xiaomi had a profit of RMB19.3 billion in 2021, compared with a profit of RMB20.3 billion for the year ended December 31, 2020.

Adjusted Net Profit

Xiaomi adjusted net profit increased by 69.5% from RMB13.0 billion for the year ended December 31, 2020 to RMB22.0 billion for the Reporting Period.