Zhitong Finance APP learned that Xiaomi Group (01810) will announce its results for the first quarter of this year next Wednesday (May 26th). According to the earlier research data of IDC, a survey organization, the company's smartphone shipment volume in the first quarter of this year increased by nearly 65% year-on-year to 48.6 million units. Benefiting from the high-end smartphone products, based on the forecast of seven securities firms, the company's non-IFRS adjusted net profit forecast for the first quarter of 2021 ranged from 3.362 billion to 4.566 billion yuan, up 46.4% to 98.5% year-on-year from 2.3 billion yuan in the first quarter of 2020; The median was RMB4.162 billion, up 81% year-on-year.
Based on the forecasts of five securities firms, the company's profit forecast for the first quarter of 2021 ranges from RMB3.368 billion to RMB4.71 billion, representing an increase of 55.9% to 118% from the profit of RMB2.16 billion in the first quarter of 2020; The median was RMB3.613 billion, representing a year-on-year increase of 67.3%. It is expected that the company's smartphone market share in the European market will increase in the first quarter, which can offset the impact of the loss of market share in India, and the company's switch to mobile phones with higher prices can improve its revenue performance. I believe investors will pay attention to the competition brought by competitors Glory, the Indian market situation and the company's guidance on expanding new energy electric vehicles.
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