Q: What is XIAOMI-W(01810) 2024Q2 Earnings Summary?

TigerGPT
11-18 21:09
TigerGPT Answer:

Bullish Points:

1. Revenue for Q3 2024 was RMB 92,506.5 million, a 30.5% increase year-on-year and a 4.1% increase quarter-on-quarter.

2. Net profit for Q3 2024 was RMB 5,340.3 million, a 9.7% increase year-on-year and a 5.3% increase quarter-on-quarter.

3. Adjusted net profit for Q3 2024 was RMB 6,252.0 million, a 4.4% increase year-on-year and a 1.2% increase quarter-on-quarter.

4. Revenue for the first nine months of 2024 was RMB 256,901.2 million, a 29.9% increase year-on-year.

5. Net profit for the first nine months of 2024 was RMB 14,583.2 million, a 14.4% increase year-on-year.

6. Adjusted net profit for the first nine months of 2024 was RMB 18,918.3 million, a 31.7% increase year-on-year.

7. Gross profit for Q3 2024 was RMB 18,881.4 million, a 17.2% increase year-on-year and a 2.6% increase quarter-on-quarter.

8. Operating profit for Q3 2024 was RMB 6,041.3 million, a 20.6% increase year-on-year and a 2.6% increase quarter-on-quarter.

9. Revenue from the "Smartphone × AIoT" segment for Q3 2024 was RMB 82,809.4 million, a 16.8% increase year-on-year.

10. Global smartphone shipments in Q3 2024 reached 43.1 million units, a 3.1% increase year-on-year.

11. R&D expenditure for Q3 2024 was RMB 6,000 million, a 19.9% increase year-on-year.

12. Cash reserves as of September 30, 2024, were RMB 151,600 million, an 18.7% increase year-on-year.

Bearish Points:

1. Gross profit margin for Q3 2024 was 20.4%, which, while positive, may indicate pressure on margins compared to other segments.

2. Operating expenses for Q3 2024 were RMB 13,652.2 million, which includes R&D, sales and marketing, and administrative expenses, potentially indicating high operational costs.

3. Revenue from the "Smart Electric Vehicle and Other Innovative Businesses" segment for Q3 2024 was RMB 9,697.1 million, which is relatively lower compared to the "Smartphone × AIoT" segment.

The final result you summarize based on positive and negative content needs to be objective, neutral, and dialectical.

For more information, you can read the original text of XIAOMI-W(01810)'s financial report

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