Xiaomi
$XIAOMI-W (01810.HK)$ (01810.HK) 2Q24 Earnings: Surprise
CEO Lei Jun: The Best Performance in Xiaomi's History!
Revenue: 888.88 billion yuan (+32% YoY)
Adjusted net income: RMB6.2 billion (+20.1% YoY)
R&D expenses: RMB5.5 billion (+20.7% YoY)
EV Business: Expected early November delivery target of 100,000 units per year this year
Q2 DELIVERY TOTAL OF 27,307 Units.
Revenue of 6.4 Billion yuan, GPM 15.4% and Net Loss of 1.8 Billion yuan, Still in Capital Infusion Stage
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