Xiaomi announced its third-quarter earnings report, showing that it has achieved a record high gross profit margin in the smartphone and Internet of Things and consumer goods businesses. The total revenue reached 70.9 billion yuan, a year-on-year increase of 1829%。Adjusted net profit reached 6 billion yuan.
In the global smartphone market, Xiaomi's share has also increased, reaching 141%。This is a remarkable achievement that shows Xiaomi's competitive strength and influence in the global market. In particular, the Xiaomi 14 series achieved sales of more than one million in the first sales period and won a high user reputation.
Xiaomi's success is not only due to its unique product positioning, but also due to its continuous investment in innovation and efficient R&D team. According to reports, Xiaomi's R&D investment in this quarter reached 5 billion yuan, of which R&D personnel accounted for more than 53%. This initiative shows the importance that Xiaomi attaches to technological research and innovation, and provides strong support for the company's development.
Lu Weibing, president of Xiaomi, said that the success of the Xiaomi 14 series is due to innovation and accurate product positioning, which he believes are also the key factors for Xiaomi to achieve such results. As a technology company with technological innovation at its core, Xiaomi has always been committed to providing users with excellent products and services. Xiaomi's continuous innovation in technology and design has made consumers willing to choose Xiaomi's products, and has brought reference and inspiration to other manufacturers.
In addition to its outstanding performance in the smartphone sector, Xiaomi's IoT and consumer goods business has also achieved significant growth. Xiaomi's deep cultivation in the field of the Internet of Things and the active layout of smart home products have given it a considerable competitive advantage in this field. The improvement of Xiaomi's gross profit margin also reflects the company's good strategic layout and market performance in the field of Internet of Things.
Xiaomi's success has brought lessons and inspiration to other manufacturers. Xiaomi stands out for its innovative capabilities and excellent product positioning, which has brought a positive impact on the entire industry.
Other manufacturers should learn from Xiaomi's successful experience and make good innovations in product development and market positioning.
Xiaomi's third-quarter earnings report showed strong growth and profitability for the company. Through technological innovation and excellent product positioning, Xiaomi has made remarkable achievements in the field of smartphones and the Internet of Things, and has expanded its share in the global market. Xiaomi's success has been a revelation to other manufacturers and has boosted the momentum of the entire industry. Looking ahead, Xiaomi will continue to be driven by innovation to provide users with better products and services.
After the news of Xiaomi's financial results for the third quarter of this year, people were surprised and admired for Xiaomi's success. Xiaomi's total revenue reached 70.9 billion yuan, an increase of 182 percent year-on-year9%, a truly staggering number. The adjusted net profit reached 6 billion yuan, showing Xiaomi's advantages and strength in market competition.
In the quarter, Xiaomi achieved record gross margins of 227%。This data shows Xiaomi's outstanding performance in product research and development and chain management. Among them, the Xiaomi 14 series has become a representative of good sales, with sales exceeding one million in the first sales period, and has won a high user reputation. The success of this series of products is due to Xiaomi's innovative spirit and excellent product positioning. Lu Weibing, President of Xiaomi, said that Xiaomi has been committed to developing innovative technologies to provide consumers with high-quality products and services, which is why Xiaomi can stand out in the fierce market competition.
In addition, Xiaomi's R&D investment in the third quarter was as high as 5 billion yuan, of which R&D personnel accounted for more than 53%. This data once again highlights Xiaomi's emphasis and investment in technological innovation. With its strong R&D strength and unique product positioning, Xiaomi has not only achieved great success in the domestic market, but also increased its market share in the global smartphone market, reaching 141%。
This once again proves Xiaomi's competitiveness and influence in the international market.
Xiaomi's success has brought lessons and inspiration to other manufacturers. Xiaomi's business model and development strategy have become a hot topic in the industry. Xiaomi has attracted the attention of a large number of consumers through first-class sales and cost-effective products, forming a strong user stickiness. Xiaomi's ecological chain layout is also helping it to achieve diversified development and further enhance the company's competitiveness.
It is worth mentioning that Xiaomi is not just a smartphone manufacturer, but a technology company involved in many fields. Through the Internet of Things and the layout of the ecological chain, Xiaomi has brought intelligence into people's daily life. In addition to smartphones, Xiaomi has also launched smart home products, smart wearable devices, etc., to meet consumers' needs for smart life. This diversified development strategy reduces market risk to a certain extent and brings more profit growth points to the company.
In the future, Xiaomi will continue to adhere to the drive of technological innovation and provide high-quality products and services. At the same time, Xiaomi will also increase its investment in R&D and continue to strengthen its layout in the field of the Internet of Things and ecological chain. Xiaomi believes that through continuous innovation and excellent product positioning, it will maintain its leading position in the market competition and create greater value for shareholders and consumers.
In conclusion, Xiaomi achieved impressive financial results and market performance in the third quarter of this year. Through continuous innovation and excellent product positioning, Xiaomi has successfully consolidated its position in the smartphone market and has also made significant progress in the field of IoT and ecological chains. Xiaomi's success has brought inspiration to other manufacturers, and at the same time, it has also provided consumers with more high-quality, intelligent products and services. In the future, Xiaomi will continue to devote itself to technological innovation to create a better smart life experience for users.