Xiaomi4Q gross margin 17.1%, forecast 17%; 4Q net income 2.4...
Xiaomi4Q gross margin 17.1%, forecast 17%; 4Q net income 2.44b yuan, forecast 4.26b yuan; 4Q rev. 85.58b yuan, forecast 81.46b yuan; 4Q adj net 4.47b yuan, forecast 4.17b yuan. 2021 global smartphone shipments grew 30.0% year-over-year to reach 190.3 million units, a record high.
Xiaomi Group: In 2021, the annual smart phone revenue reached RMB 208.9 billion, a year-on-year increase of 37.2%; the annual smart phone shipment was 190.3 million units, a year-on-year increase of 30.0%. Fourth quarter revenue was RMB 85.58 billion, estimated at RMB 81.46 billion. Fourth quarter net income was RMB 2.44 billion, estimated at RMB 4.26 billion. Fourth quarter adjusted net income was RMB 4.47 billion, estimated at RMB 4.17 billion.
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