The decline in high expenditures and revenue has caused Xiaomi's total revenue and net profit in the third quarter, and net profit has fallen by 59.1%year -on -year.However, Wang Xiang, president of Xiaomi, said that the high investment causing business will not have a significant impact on the operation, and it will still ensure that the first car is mass -produced in 2024.
According to the third quarter financial report released by Xiaomi Wednesday (November 23), in the third quarter of this year, Xiaomi revenue was 70.47 billion yuan (RMB, the same below, about 13.56 billion yuan), year -on -year year -on -yearThe decline was 9.7%; the net loss was 1.5 billion yuan, and the profit was 788 million yuan in the same period last year; after adjustment, the net profit was 2.1 billion yuan, a year -on -year decrease of 59.1%.
Xiaomi stated in the financial report that the profit and profit during the adjustment of the third quarter were losing money. The main reason was that due to the impact of the fair value of the company's investment in the company's investment portfolio, it was not Xiaomi's actual performance loss.
According to the surging news report, Xiaomi President Wang Xiang said in the telephone meeting after the financial report that global inflation, US dollar rate hikes, exchange rate fluctuations, etc. have brought a lot of uncertainty to Xiaomi, and said that "the domestic epidemic situationRepeated impact on us. "
He pointed out that although the shipments of smartphones have declined this year compared with the same period last year, from the previous month, the amount of shipments, income, and gross profit margin have been increased.Live in the situation. "
In response to the Xiaomi car manufacturing business, which is concerned about the outside world, the financial report shows that in the third quarter, Xiaomi invested 829 million yuan in innovative business, including cars.
Wang Xiang said in an interview with the Chinese media that the efficiency and scale of Xiaomi's investment in the car construction will not have a significant impact on operations.He also mentioned that there are about 1,800 R & D personnel of Xiaomi Automobile. The company attaches importance to the progress of electric vehicles to ensure that the first car was available at 2024 and mass production.
In terms of R & D expenditure, Xiaomi R & D expenditure in the third quarter was 4.1 billion yuan, an increase of 25.7%year -on -year. As of September, R & D personnel accounted for about 48%of the total number of employees.
