XIAOMI-W(01810) Earnings Summary
Bullish Points:
1. Gross profit increased by 5.2% compared to the same period last year.
2. IoT revenue increased by 24.2% compared to the same period last year.
3. MIUI revenue increased by 10.8% compared to the same period last year.
4. AIoT revenue growth is projected to be 21.2% in 2023.
5. Smartphone market share is expected to be 12.1% in 2023 (according to Canalys).
6. New product launches include Xiaomi 12S Ultra, Xiaomi MIX Fold 2, Xiaomi 13, Xiaomi 13 Pro, Xiaomi 13 Ultra, Xiaomi MIX Fold 3, Xiaomi TV S Pro 100", Xiaomi Pad 6 Max, Xiaomi Pad 6, and Redmi Note 12 Turbo.
Bearish Points:
1. Revenue for the reporting period decreased by 11.6% compared to the same period last year.
2. Net profit decreased from 138.6 to 59.0.
3. Debt increased from 7,881,662 to 8,373,537.
4. Issued bonds with interest rates of 3.375%, 2.875%, and 4.100% in 2020 and 2021.
5. Total liabilities increased from 129,584,151 to 136,503,021.
In summary, XIAOMI-W(01810) has shown growth in gross profit, IoT revenue, MIUI revenue, and AIoT revenue, along with an expected increase in smartphone market share and new product launches. However, the company has experienced a decrease in revenue and net profit, as well as an increase in debt and total liabilities. For more information, you can read the original text of XIAOMI-W(01810)'s financial report: https://static.tigerbbs.com/7c85665df74d4ea58b797af6b80482c9
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Xiaomi's smart ecosystem covers a wide range of products in various scenarios, including home, office, and future transportation. With the introduction of their car next year, their ecosystem advantage is expected to become even more comprehensive and leading. The product quality is also quite good. In this regard, Xiaomi's position remains unassailable.
Following Apple and Huawei, Xiaomi's Redmi brand has released a new smartphone, with sales in the first hour surpassing the previous generation, continuing to achieve success. We are looking forward to the upcoming Xiaomi 14 flagship.
Starting a buyback program, planning to increase the position in Xiaomi by 50% over the next month.
Xiaomi's car is getting closer, even closer, and we believe that something wonderful is about to happen.
Adding 4 million shares every day?
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