Xiaomi Group announces third quarter 2024 performance report

Xiaomi Group's total revenue in the third quarter of 2024 reached RMB 92.5 billion, a year-on-year increase of 30.5%. Adjusted net profit was RMB 6.3 billion. As of September 30, 2024, the group's cash reserves were RMB 151.6 billion. The delivery target of Xiaomi Auto has been completed ahead of schedule, with cumulative deliveries reaching 130,000 units. Xiaomi's innovative businesses such as smart electric vehicles generated revenue of RMB 9.7 billion, including RMB 9.5 billion in smart electric vehicle revenue and RMB 200 million in other related businesses.