Xiaomi Group 2023 Q2 Revenue Growth

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Xiaomi Group 2023 Q2 Revenue Growth

SHANGHAI, CHINA - AUGUST 30, 2023 - A store of consumer electronics such as Xiaomi Home smartphones is seen in Shanghai, China, August 30, 2023. Xiaomi Group released the second quarter and half year 2023 results announcement. In the second quarter, Xiaomi's total revenue reached 67.4 billion yuan, up 13% from the previous quarter, and adjusted net profit reached 5.1 billion yuan, up 147% from the same period last year. The overall gross margin hit a record high of 21.0%. The investment in innovative businesses such as Xiaomi intelligent electric vehicles continued to increase, with 1.4 billion yuan invested in the second quarter. (Photo by Costfoto/NurPhoto)


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