Original title: Xiaomi Motors will deliver 10000 vehicles in a single month in June
Beijing Daily (Reporter Sun Qiru) Xiaomi Group yesterday announced its performance in the first quarter of 2024, with revenue of 75.5 billion yuan, up 27% year on year. The adjusted net profit reached 6.5 billion yuan (including 2.3 billion yuan of innovative business expenses such as smart electric vehicles), a year-on-year increase of 100.8%, a record high in a single quarter, and the performance growth entered a fast lane. Lu Weibing, president of Xiaomi Group, revealed that Xiaomi plans to deliver more than 10000 Xiaomi SU7 series cars in a single month next month.
The financial report shows that the global smartphone shipments of Xiaomi in this quarter increased by 33.7% year-on-year to 40.6 million units, achieving year-on-year growth for three consecutive quarters, and the revenue increased to 46.5 billion yuan month on month for four consecutive quarters. Continuing to promote the high-end strategy is an important reason to drive the company's profitability to increase significantly. Taking the category of smart phones as an example, according to third-party data, Xiaomi accounted for 10.1% of the smartphone market in the price range of 5000 yuan to 6000 yuan in mainland China in the first quarter, an increase of 5.8 percentage points year-on-year.
Since its listing, Xiaomi has always been a hot topic of concern both inside and outside the industry. "In order to meet the demand of users for early delivery, our factory is also trying to speed up its capacity climb. It is planned to upgrade to double shift production in June, and is confident that more than 10000 units will be delivered in June, and more than 100000 units will be delivered in 2024," said Lu Weibing.
With the rapid growth of the company's performance, the share price of Xiaomi Hong Kong shares has been rising, and the capital market continues to be optimistic. According to third-party data, as of the middle of May, the share price of Xiaomi Hong Kong stock has risen by nearly 30% this year.
