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Wang Yuelong, editor of Meijing

Behind the “explosive” performance, Xiaomi mobile phone launched the “global sales counterattack”.

On August 21, Xiaomi Group’s latest financial report showedIn the first half of 2024, the company achieved revenue of 164.395 billion yuan, a year-on-year increase of 29.6%, and adjusted net profit of 12.666 billion yuan, a year-on-year increase of 51.3%.This means,Xiaomi Group made an average daily net profit of about 70 million yuan in the first half of the year.Profitability has been greatly improved.

"This is the best quarterly report in Xiaomi's history! Thank you for your support!"Lei Jun wrote.

Xiaomi ranks third in global smartphone market share

Nearly half of the group’s R&D personnel

On August 21, Xiaomi Group released its second quarter financial report, with total revenue of 88.9 billion yuan, a year-on-year increase of 32.0%. In response, Lei Jun wrote that this was the best quarterly report in Xiaomi's history.

Specifically, in the second quarter, Xiaomi Group's "Mobile Phone × AIoT" division revenue was RMB 82.5 billion, becoming the core driving force for performance growth. Canalys data shows that in the second quarter of 2024, global smartphone shipments were 289 million units, once again achieving double-digit growth. Among them, Samsung shipped 53.5 million units, ranking first in the world. Apple's mobile phone shipments were 45.6 million units, ranking second.Xiaomi’s mobile phone shipments reached 42.3 million units, and its market share increased to 15%, ranking third in the world.