November 23rd news, Xiaomi Group announced its third quarter financial report for 2021. According to the financial report, the total revenue of Xiaomi in Q3 2021 was 78.06 billion yuan; the adjusted net profit was RMB 5.18 billion; the net profit was RMB 792.3 billion; the operating profit was RMB 2.73 billion.
For smartphones, Xiaomi's smartphone business revenue in the third quarter reached 47.8 billion yuan, global smartphone shipments reached 43.9 million units, and the gross profit margin was 12.8% increased by 4.4 percentage points year-on-year. According to Canalys data, Xiaomi ranked third in global smartphone shipments in the third quarter, with a market share of 13.5%. In addition, Xiaomi's revenue in the third quarter was 20.94 billion yuan, with analysts' estimate of 21.86 billion yuan; Internet service revenue was 7.34 billion yuan, with analysts' estimate of 7.31 billion yuan.
It is worth noting that Xiaomi stated in the announcement that as of September 30, 2021, there were more than 360 companies invested, with a total book value of 59.1 billion yuan, a year-on-year increase of 49.8%. In the third quarter, self-disposal investments recorded net income of 600 million yuan after tax. Due to the weakening of global macro environment and the weakening of market sentiment in China's technology industry in the third quarter of 2021, the long-term investment held by the Group in the current period, which included profit and loss at fair value , caused unrealized financial losses. Among them, the unrealized financial losses of the listed companies in the investment were RMB 3.5 billion, which had a significant impact on the Group's net profit this quarter. (Text | Pei Yan)
