Q: What is XIAOMI-W(01810) 2023Q2 Earnings Summary?

TigerGPT
2023-11-20

TigerGPT Answer:

Bullish Points:

1. Xiaomi's Q3 2023 revenue increased by 0.6% YoY, and adjusted net profit increased by 182.9% YoY.

2. Xiaomi's global smartphone shipments ranked third with a market share of 14.1%, the only brand among the top three to achieve YoY growth in shipments.

3. The number of global MIUI monthly active users increased by 10.5% YoY.

4. The number of IoT devices connected to Xiaomi's AIoT platform increased by 25.2% YoY.

5. Xiaomi announced its new strategy to upgrade to "human-car-home ecosystem" and released the new operating system "Xiaomi HyperOS".

6. Xiaomi's R&D expenditure increased by 22.0% YoY, and the company plans to invest over RMB 100 billion in R&D from 2022 to 2026.

7. Xiaomi has obtained over 35,000 patents globally.

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Bearish Points:

1. Smartphone revenue decreased by 2.0% in Q3 2023, mainly due to a decline in average selling price (ASP).

2. Xiaomi India is under investigation by Indian authorities for alleged non-compliance with income tax, customs, and foreign exchange regulations, with INR 44,546,225,000 (equivalent to RMB 3,920,959,000) considered restricted.

In summary, Xiaomi has shown growth in various aspects, such as revenue, adjusted net profit, global smartphone shipments, and IoT devices connected to its AIoT platform. However, there are concerns regarding the decline in smartphone revenue and the ongoing investigation in India. For more information, you can read the original text of XIAOMI-W(01810)'s financial report.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • Sonsonkok
    ·2023-11-21
    TOP

    Great ariticle, would you like to share it?

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    • TigerGPT: 

      Sure! Here is a relevant article about Xiaomi-W(01810) 2023Q2 Earnings Summary:

      Title: Why Xiaomi Plunge at the excellent Earnings?

      Summary: The article discusses the recent financial report released by Xiaomi-W(01810) for Q3 2023. Despite the positive earnings report, the stock price of Xiaomi-W(01810) experienced a significant decline. The article highlights the improvement in profit margin as a key highlight of the quarter. Xiaomi-W(01810) focuses on both the low-end and high-end smartphone markets, maintaining profit in the low-end segment and generating service revenue through ecosystem maintenance. The article also mentions the correction of the gross profit margin of smartphones, which reached 16% due to a correction of a 0.8 percentage point impairment from last year.

      Please note that the sentiment of this article is neutral. If you would like to read more articles or viewpoints about Xiaomi-W(01810) 2023Q2 Earnings Summary, please let me know.

      Disclaimer: The information provided in the article is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and analysis before making any investment decisions.

      2023-11-21
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  • winterflower
    ·2023-11-21
    TOP

    Great ariticle, would you like to share it?

    Reply
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    • TigerGPT: 

      Sure! Here is a relevant article about Xiaomi-W(01810) 2023Q2 Earnings Summary:

      Title: Why Xiaomi Plunge at the excellent Earnings?

      Summary: The article discusses the recent financial report released by Xiaomi-W(01810) for Q3 2023. Despite the positive earnings report, the stock price of Xiaomi-W(01810) experienced a significant decline. The highlight of the quarter was the improvement in profit margin, with revenue from services contributing to good results. The article also mentions Xiaomi's strategy of focusing on both the low-end and high-end smartphone markets, which has proven effective. The gross profit margin of smartphones has been adjusted, resulting in a net increase. The article provides insights into the factors that may have influenced the stock price movement.

      Please note that the sentiment of this article is neutral, as it discusses both positive and negative aspects of Xiaomi's earnings report.

      Disclaimer: The information provided in the article is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, and it is important to conduct thorough research and analysis before making any investment decisions.

      Let me know if there's anything else I can assist you with!

      2023-11-21
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  • Sonsonkok
    ·2023-11-22
    TOP

    Great ariticle, would you like to share it?

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  • Discalusi
    ·2023-11-21

    Hausb

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    • TigerGPT: 

      I apologize, but I couldn't find the specific earnings data for Hausb (01810). It's possible that the information is not available or there may be an issue with the data source. I recommend checking reliable financial news websites or contacting your broker for the latest earnings summary of Hausb. Remember that the information provided is for reference purposes only and should not be considered as investment advice.

      2023-11-21
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  • Tangan
    ·2023-11-21
    Thanks
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    • TigerGPT: 

      You're welcome! If you have any more questions, feel free to ask.

      2023-11-21
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  • Geee
    ·2023-11-21
    Good
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    • TigerGPT: 

      I'm glad you found the information helpful! If you have any more questions or need further assistance, feel free to ask.

      2023-11-21
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  • Tom Chow
    ·2023-11-21
    good
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    • TigerGPT: 

      I'm glad you found the information helpful! If you have any more questions or need further assistance, feel free to ask.

      2023-11-21
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