Sina science and technology news on the afternoon of August 26, millet The Group released its financial report for the second quarter of 2020, with revenue of 53.54 billion yuan in the second quarter and market expectation of 51.4 billion yuan, compared with 51.951 billion yuan in the same period last year. In the second quarter of 2020, the net profit was 3.37 billion yuan, 3.635 billion yuan in the same period last year, down 7.2% year on year.
The financial report shows that as of June 30, 2020, the revenue of Xiaomi Group in the first half of the year was 103.24 billion yuan, and the adjusted net profit was 5.67 billion yuan, a year-on-year decrease of 0.7%.
Performance:
In the first half of 2020, the total revenue of Xiaomi Group reached 103.2 billion yuan, up 7.9% year on year, and the adjusted net profit reached 5.7 billion yuan. In the second quarter of 2020, the revenue of Xiaomi Group reached 53.5 billion yuan, up 3.1% year on year. The adjusted net profit reached 3.4 billion yuan.
According to Canalys' statistics, in the second quarter of 2020, our global smartphone shipments continued to rank among the top four in the world; In June 2020, global MIUI monthly active users reached 343.5 million, with a year-on-year growth of 23.3%.
In the second quarter of 2020, the scale of our IoT platform continues to expand, maintaining the global leading edge. As of June 30, 2020, the number of connected IoT devices (excluding smart phones and laptops) on our IoT platform has reached 271.0 million, up 38.3% year on year. The monthly active users of AI assistant "Little Love Students" reached 78.4 million in June 2020, up 57.1% year on year.
Thanks to the diversified development of Internet business in terms of regions and business types, our Internet business performed well in the second quarter of 2020, with a year-on-year growth of 29.0%, reaching 5.9 billion yuan. We bucked the trend of growth in overseas markets and performed well in major global markets. According to Canalys' data, in the second quarter of 2020, our smartphone shipments in the European market increased by 64.9% year on year, ranking the top three in terms of market share for the first time. Among them, in the Spanish market, we achieved the first market share in shipments for two consecutive quarters; In the French market, our market share in the second quarter reached the top two for the first time.
We continue to be recognized globally and have won many awards: in August 2020, we were again listed in the Fortune Global 500, ranking 422. In addition, in June 2020, we were selected as BCG's "Top 50 Global Innovators in 2020", ranking 24th. In August 2020, Xiaomi was listed in the "Twente 2020 Global Top 100 Innovation Institutions" list for the second consecutive year, becoming one of the three mainland Chinese enterprises on the list.
Intelligent mobile phone:
In the second quarter of 2020, the global epidemic will have a great impact on the overall smartphone market. The revenue of smart phones in this quarter was 31.6 billion yuan, down 1.2% year on year. Our sales of smart phones in this quarter were 28.3 million units.
At the same time, thanks to the increase in the proportion of sales of medium and high-end mobile phones, our global average smartphone price ("ASP") continued to rise, up 11.8% year on year and 7.5% month on month. According to Canalys' statistics, in the second quarter of 2020, our global smartphone shipments ranked fourth in the world, with a market share of 10.1%.
IoT and consumer products:
In the second quarter of 2020, the revenue of IoT and consumer products was 15.3 billion yuan, an increase of 2.1% over the same period last year.
The sales revenue of smart TV and notebook computers decreased by 12.2% from 5.5 billion yuan in the second quarter of 2019 to 4.8 billion yuan in the second quarter of 2020, mainly due to the reduction of sales activities caused by the epidemic and the lack of new products for notebook computers. Epidemic situation millet The production, transportation, sales and release rhythm of some products of the Group have all had an impact, resulting in a slowdown in the overall growth rate.
In the second quarter, the global TV market shipments slowed down as a whole, and the global shipments of Xiaomi smart TV still reached 2.8 million units, maintaining year-on-year growth. According to the statistics of Ovi Cloud, the shipment of Xiaomi TV in the second quarter of 2020 has ranked first in mainland China for six consecutive quarters.
Internet services:
In the second quarter of 2020, millet The Group's Internet service revenue was 5.9 billion yuan, up 29.0% year on year, accounting for 11.0% of the total revenue. Advertising, games and other value-added services all grew.
In June 2020, the monthly active users of MIUI increased to 343.5 million, with a year-on-year growth of 23.3%. Among them, the monthly active users of MIUI in mainland China are 109.7 million.
In the second quarter of 2020, Xiaomi's advertising revenue was 3.1 billion yuan, up 23.2% year on year. In the second quarter of 2020, the game revenue reached 1 billion yuan, with a year-on-year growth of 54.5%, mainly due to the continued good performance of the game market in mainland China in the second quarter.
In addition, the revenue from other Internet value-added services reached 1.8 billion yuan, up 27.0% year on year, mainly due to the growth of income from financial technology business, product e-commerce platforms and TV members.
In the second quarter of 2020, the revenue from Internet services other than smart phone advertising and games in mainland China, including those generated by product e-commerce platforms, financial technology businesses, TV Internet services and overseas Internet services, increased by 39.5% year on year, accounting for 39.0% of the total revenue from Internet services.
Overseas market:
In the second quarter of 2020, millet The overseas market revenue was 24 billion yuan, up 10.0% year on year, accounting for 44.9% of the total revenue.
In the second quarter of 2020, according to Canalys' data, Xiaomi's smartphone shipments in Europe increased by 64.9% year on year, with a market share of 16.8%, ranking the first time in the top three. In Western Europe, Xiaomi's smartphone shipments grew by 115.9% year on year, accounting for 12.4% of the market. In addition, in the second quarter of 2020, Xiaomi's smartphone shipments accounted for 30.7% of the Indian smartphone market. In Latin America, the Middle East and Africa, the year-on-year growth of Xiaomi smartphone shipments reached 99.4%, 66.3% and 113.0% respectively.
