Performance report Xiaomi Q3 revenue increased by 8% year-on-year to 786,543.8+billion yuan, and Internet revenue continued to hit a new high.

Internet of Things and Internet revenue continue to grow, and mobile phone shipments are impacted by the shortage of supply and the return of glory.

Xiaomi announced the 20021third quarter financial report. The financial report shows that Xiaomi's revenue in this quarter was 78.065438 billion yuan, higher than the market expectation of 77.46 billion yuan, up 8% year-on-year. Xiaomi's net profit in this quarter was 5010.60 billion yuan, up 25.4% year-on-year and down 18. 1% quarter-on-quarter.

In terms of specific business, Xiaomi's smartphone business revenue reached 47.8 billion yuan this quarter, up 4.4% year-on-year, and its gross profit margin was 12.8%. The average selling price of smartphones rose from 1022.3 yuan in the third quarter of 2020 to 1090.5 yuan.

In this quarter, Xiaomi's global smartphone shipments were 43.9 million units, ranking second in the world and third in the world, with a market share of 13.5%. Xiaomi also mentioned the shipment of high-end mobile phones in the financial report-the global shipment of smartphones with a price of more than 3,000 yuan in Chinese mainland and more than 300 euros overseas is nearly180,000, accounting for more than 12% of the total shipment.

In the Internet of Things and consumer products business, Xiaomi's revenue in this quarter reached 20.9 billion yuan, a year-on-year increase of 65,438+05.5%. Xiaomi said in the financial report that due to factors such as overseas shipping and logistics, the income of overseas Internet of Things and consumer products still hit a new high in a single quarter.

Xiaomi mentioned in the financial report that as of September 30th, 20021year, the number of IOT devices connected to the AIoT platform exceeded 400 million for the first time, and the number of users of five or more devices connected to our AIoT platform exceeded 8 million.

In terms of Internet revenue, the revenue in this quarter was 7.3 billion yuan, which continued the growth in the previous quarter and reached a record high in a single quarter, with a year-on-year increase of 27. 1%. Gross profit margin has also been greatly improved. The gross profit margin of Internet business was 73.6%, up 13.438+0% year-on-year.

In the Internet business, advertising contributed the main income-in this quarter, Xiaomi's advertising business income reached RMB 4.8 billion, up 44.7% year-on-year. Xiaomi mentioned in the financial report that this is mainly due to the growth of the user base, the increase in the proportion of high-end mobile phone users and the continuous improvement of commercialization capabilities.

In this quarter, Xiaomi's overseas market revenue reached 40.9 billion yuan, accounting for 52.4% of the total revenue.

In terms of foreign investment, as of September 30th, 20021year, Xiaomi * * * invested in more than 360 companies with a total book value of RMB 59 1 billion, up 49.8% year-on-year, and recorded a net income after tax of RMB 600 million.

R&D investment continued to grow. The financial report shows that in the first three quarters of this year, Xiaomi's accumulated R&D expenditure has reached 9.3 billion yuan, a year-on-year increase of 5 1.4%.