xiaomicorporation
Q12023Resultsannoundment
ByattendingThemeetingwherethispreStationISMade, orByreadIepResntationMaterials, youagreetobefollowlimitations:
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TheinformationCommunicatedintInthispretentionmayContAINTAINTAINTANTANTSTHATAREARERE Expects "," Foreasts "," Plans "and" Anticipates "Andwordsimilaimport.bytheiRNARWARDLOOKINTEMEMERISKANTAINCAINTYETHETHEYREL ATETOEVENTSANTSANDDEPENDONCIRCUMSTATATATATATSTATATSTHATWILLINTHEFUTURE.THEREMAYBEADDI TionalmaticriSATECURRETCONSDOMATOMATOMATOMATOROFWHICHICOMThecom PANYANDITSADVISORSORREPRESENTIVAREUNAWARE.AGAINSTTHEBACKROUNDONCERTAINTIES, ReadersshouldNotheSeForwStatements.neither ThecompanynOnourceSubsidiaRies, AFFILIATES, AdvisorRESONTASSSANYRESIBILITYTOUPDATEFORDTATEMEMTOFUTUTUTUTUTUTUTUTUTOFUTUTUTUTUEVENT sordevelopments.
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Q12023OverallPerFormance
Financialperformance
Revenue
59.5billion
Adjustednetprofit1
3.2billion, up13.1%yoy
Includingexpensrelatedto
SMARTEVANDOTHERNEWINITIVES
Rmb1.1billion
Userbase
594.8million
Globalmiuimau3
12.4%yoy
146.2million
MainlandChinamiuimau37.8%yoy
SmartPhoneMarketPosition
Global
Marketshareranking2
Global
MarketShare2
Aiotplatform
618.0million
AIOTCONNECTEDEVITS429.2%yoy
12.3million
Userswith5ormoreConneCTEVIES429.6%YOY
1DefinEdasprofitFortheperiod, AsadjustedByaddingBack (I) Share-Basedcompensation, (II) NetfairvalueChangesonVestments, (III) AMortization Finationangible AssetsResultingFromacquisitions, (IV) CHANGESOFVALUFINANCIALIEFUDINVESTOS
2accordingtocanalys, byshipmentsinq12023
3inmarch2023
4ASOFMARCH31,2023, excludingsmartphones, tabletsandlaptops
ContinuetoinVestinTheFUTUR
Prudentoperations
2023KEYCORPORATESTRATEGIES
Dualemphasison
Scaleand
Profitability
MainlandChinasmartphone
ASP (RMB)
Q12022q12023
Re littleLESEXECUTIONOFSMARTPHONEPRMIMIONSTRATEGY
FourConsecutivePremiUMPRODSERIESWLLLLLLIVAMOMOMOSOSERS1
Xiaomimixfold2
Launchedinaugust2022
Xiaomi13series
LaunchedindindeCEMBER2022
Xiaomi13ultra
Launchedinapril2023
Xiaomi12Sultra
Launchedinjuly2022
RMB4,000-5,000SmartPhoneMarketShare2InMainlandChina
Rankedno.1amongandroidbrands
Q12023
Inmainlandchina, OUROVERALLPRMIUMSMARTPHONESSOLDINQ12023Increasedby23%+yoy2
Q12022
1POSITIVIEREVIEREWRATEONJD.COMINEMONTHAFTERPRODLAUNCH.BASEDONRAT
2BYUNITSSOLDINMAINLANDCHINA, Accordingtothird-PARTYDATA.PREMIUMSMARTPHONESINANECHINARTPHORTHRETAILPRESATOVOVOV3,000
StreangThenedOfflineRETAILFORMANCEINLANDCHINA
Averagesingle -storegmvbyquarter
Q12022q22022q3202222222q12023
SmartPhoneofflineMarketShare1
Q12023
OFXIAMI13Series2and
Xiaomi13ultrasold
viaoflineRetailStores3
1BYUNITSSOLDINMAINLANDCHINA, Accordingtothird-PARTYDATA
2includingxiaomi13andxiaomi13Pro
3ASOFMAY17,2023
NumberofgranteDPatentsglobal1
32,000+
R & deXPensrmbbmings;
20020202120222023
R & Dexpensreachedrmb4.1billioninq12023
Numberofr & demployees1;
OFTOTALEMPLOYEES1
Xiaomicameraalgorithmteam
WON4CHAMPIONSINCVPR2023
CVPRISTHEMOSTINFLUENTIALSEMINARGLOBALYINTHECOMPUTERVISIONFIELD
1ASOFMARCH31,2023
Embraceaiopportunitiesproactively
Self-Developedaail
Cameraalgorithm
Autonomousdriving
TechNOLOGYADVANTAGES
Smartphone
operatingSystem
Automotive
operatingSystem
Relevantusecases
1,200+AI-Relatedemployees
Assembledailab
Largelanguagemodel
ExperienceDteam
Self-DevelopedCoreChnology
POTENTIAL
CollaborationWith
Thirdparties
StrategicinVESTMENTOPPONITIES
DevelopmentStrategies
Grossprofitmarginimprovedinq12023
SmartPhoneGrossprofitMargin
Q12022q22022q3202222222q12023
Overalgrossprofitmargin
16.8%16.6%
Q12022q22022q3202222222q12023
ContinuedTocontroloperatingexpenses
Operatingexpenses
RMBBILIONS
9.48.2
Q12022q22022q3202222222q12023
OperatingExpenses (ExcludingexPensRelation
TOSMARTEVANDOTHERNEWINITIVES)
ExpensesrelatedtosmartevandoTherenewinitiatives
(1.7) (2.4) (2.9) (3.5) (3.7) (3.7)
LowESTINTENTONTOLVELSIN9quarters
Inventory
RMBBILIONS
19.817.219.617.116.9
Q12022q22022q3202222222q12023
Rawmaterialsfinishedgoodsothers1ProvisionForimpairment
1InCludingworkInprogress, Spareparts, Andothers
GlobalMiimau1exceeded
600million
100millionAhmedabad Stock
2015/08
FIRST100
CornerStoneusers
2010/08/16
600million
2023/05
500million ●
2021/11
400million
2021/01
300million
2019/10
200million
2018/06
1globalMuimauaSOFMAY21,2023ReferstothenumberoFactiveusersinThelast30days
Smartphones
Inq12023, SmartphoneSrevenuewasrmb35.0billion
SmartPhoneshipmentswere30.4millionunits
Aspincreasedtormb1,152, up2.7%QOQ
GrossprofitMarginreached11.2%
ResilientPerformancedespiteMacroeConomicheadwinds
SmartPhonesrevenue
RMBBILIONS
Q42022q12023
GlobalSmartPhoneshipmentsrankedno.3inq12023
Vendor
Q12023shipments
(MillionUnits)
Q12023marketshare
Qoqshipmentschanges
(MillionUnits)
Samsung
Xiaomi
Others
100.0%
Source: Canalys, Byshipments
MainlandChinaSmartPhoneUnitsoldrankedno.4inq12023
Vendor
Q12023UnitsSold
(MillionUnits)
Q12023marketshare
QoqunitsSoldgeth
-13.2%
Xiaomi
Others
100.0%
Source: Third-PARTYDATA, byunitsSold
LeadershipaCrossallmajormarketsglobally
Q12023xiaomismartPhoneshipmentsrankingandMarketshare
Europ
AFrica
Latinamerica
NO.312.0%
Southeastasia
NO.313.8%
Middleeast
NO.416.2%
No.36.1%
SmartPhoneMarketsharerankedtop3In47Marketsandtop5in64markets
Source: Canalys, Byshipments
ThreeSpecialeditionColors
Xiaomi13ultra: UnparalLeledImagingExperine
LaunchedinmainlandChinainapril2023
Further-UpgradsummicronLEMBileimaging, Co-DevelOpeDWithleica
AquadCameraSysystemWithLeicaopticatenscoveringsixFocalLengths
Powerful
Snapdragon8gen2
2KDISPLAYWITHPEAK
Brightnessupto2,600Nits
Self-Developedsurge
P2ChargingChipandg1BatteryManagementChip
Redminote12turbo: Ultraperformance
LaunchedinmainlandChinainMarch2023
Performance
Snapdragon7+Gen2
Disch
OLEDSCREENWITH
Super-Thinframe
Camera
64MP+OIS
Upto16gboframand1tbofstorage
Launchedtogetherwith
Redmibuds4harrypottentition
GlobalLeadingConsumeraiotplatform
NumberofConneCTEDEVICES1
Millions
Q12022q22022q3202222222q12023
Userswith5ormoredevicesconnecttoxiaomi ’saiotplatform1
Millions
Q12022q22022q3202222222q12023
Mihomeappmau
Millions
Q12022q22022q3202222222q12023
1EXCludingsmartphones, Tabletsandlaptops21
IOTANDLIFESTYLE
Inq1223, IOTANDLIFESTYLEPRODSREVENUEREACHEACHEDRMB16.8BILLION
GrossprofitMarginreached15.7%, A
Recordhigh
Productsrevenue
IOTANDLIFESTYLEPRODUCTSREVINUERMBILIONS
Q42022q12023
Conditioners
Washing
Machits
Smartlargehomeappliances: SolidGrowth
Revenuegrewby60%+yoyinq12023
Refrigrators
AirConditionershipMentSexceeded420K
unitsinq12023, up60%+yoy
RefrigratorshipmentSexceeded350kunits
inq12023, Tripledtheshipmentsofq12022
WashingmachineShentSexceeded
250kunitsinq12023
Smarttv: LeadingposityGlobally
XiaomitVMasterMINILID86 "
LaunchedinmainlandChinainapril2023
GlobalSmartTVSHIPMENTSINQ12023
2.8million
RANKEDTOP5GLOBALLY1
1ACCORDINGTOAVC, byshipmentsinq12023
Wearaables: leadingposityinMainlandChina
Leadingbrand
WearableBands
Mainlandchina
Shipments1
MainlandChinashipments1
Newproductlaunch
XiaomismartBand8
LaunchedinmainlandChinainapril2023Mumbai Stock Exchange
Ahigh-resolution1.62 "" FullamoledScreen
AvarietyofaccessoriesthatallowaffixingTheDeviceshoesorneckLaCES
1ACCORDINGTOCANARYS, byshipmentsinq12023.wearableBandSincluDebasicBands, BasicWatches, AndsmartWatches25
NumerousglobalDesignawardSForouraiotProduts
bestofthebest
InternetServices
Globalmiuimau
563.917.0
547.017.8
582.118.2
Millions
Q12022Jaipur Investment
Q22022q32022
Q42022
Q12023
Mainland
Chinamiuimau
Millions
GlobalMiimaureached595million
AndmainlandChinamiu design146millioninq12023
GlobalMiimau1Reached594.8million, yoygrowthof65.7million (12.4%)
MainlandChinamiuMau1reached146.2million, yoygrowthof10.6million (7.8%)
GlobalTVMau2exceeded60million
AllthreemetricSreacheDrecordhighs
1inmarch2023
2inmarch2023, includingtv, tvboxandtvStickusers
Q12022q22022q3202222222q12023
SteadyinternetServiceSrevenue
InternetServiceSrevenuermbBillions
Inq1223, internetServicesrevenue
reachedrmb7.0billion
GamingrevenueReachedarecordHigh
7.27.0
Q42022q12023
Advertisinggaming
OtherinternetValue-ADDEDSERVICES
TieredUserManagementto
Increasepayingusers
RefineDBUSINESSONERATINTOENHANCEACTINDCONVERSION
ContinuedPreMiumsmartPhoneUserpenetration
DIVERSIFIEDGAMEPORTFOLIO
StrongRecoveryofgamingBusice
Xiaomigamingrevenueyoygrowth%%
Q12022q22022q3202222222q12023
OverseasinternetservicesRevenueContinuedtography
Inq1223, overseasinternet
ServicesrevenueReacheDrmb1.8
Billion, up16.4%yoy, accountingFor
25.7%offTotalinternetServices
revenue
Oversperformance-basedand
BrandadsrevenueReacheDarecord
OverSeasinternetServicesrevenue
AS%OFTOTALINTERNERVIRVICESREVENUE
26.1%25.7%
23.9%24.2%21.9%
Q12022q22022q3202222222q12023
Financials
Q12023RevenueByRegionandSegment
Totalrevenue
RMBBILIONS
Q42022q12023
TOTALREVENUEBYREGION
RMBBILIONS
MainlandChinaoverseas
SmartPhonesrevenue
RMBBILIONS
Q42022q12023
IOTANDLIFESTYLEPRODUCTSREVINUERMBILIONS
Q42022q12023
InternetServiceSrevenue
RMBBILIONS
7.27.0
Q42022q12023
IOTANDLIFESTYLEPRODUCTS
Q42022q12023
Q42022
Q12023
Q12023
Overall
Q42022q12023
GrossprofitMarginbysegment
Smartphones
• DECREASEDWARRANTYPROVISION (One-TimeCostofapProximatelyrmb0.7billioninq42022)
• ImprovedproductMix
• IncreasedgrossprofitMarginofsmartTVSANDLAPTOPS
• IncreasedgrossprofitMarginoFERTAINLIFESTYLEPRODUCTS
InternetServices
• IncreasedgrossprofitMarginofgamingBusines
Q42022q12023
Adjustednetprofitup121.3%QOQ
AdjustednetprofitMovement
RMBBILIONS
Q42022adjustednetprofit
Increaseofsmartphonesgrossprofit
Decreaseofoperative
Expenses
Others
Q12023adjusted
Netprofit
ExpensesrelatedtosmartevandoTherenewinitiatives
Strongcashposition
CashResources1
RMBBILIONS
OurcashResourceSweapProximately
RMB94.6billion
Q42022q12023
1includingbutnotlimitedto (I) Cashandcashequivalents, (II) RestrictedCash, (III) SHORT-TERMBANKDEPOSITS, (IV) TerminVESTMESUREDAIRV AluethroughprofitorLoss, (v) SHORT-TERM
InvestmentsMeasesudatamortizedCost, (vi) Long-TermbankDepositsand (VII) Otheri loss
Bangalore Stock Exchange
