XIAOMI(01810)2025-04-24 09:00Financial Performance - Xiaomi Group reported a revenue of HKD 365.91 billion for the fiscal year 2024, an increase of 35.1% compared to HKD 270.97 billion in 2023[11]. - The net profit for 2024 was HKD 76.56 billion, up 33.3% from HKD 57.48 billion in the previous year[11]. - The company achieved a gross profit of HKD 24.50 billion, representing a 22.5% increase from HKD 20.01 billion in 2023[11]. - Xiaomi's operating profit for 2024 was HKD 28.13 billion, a rise of 27.5% compared to HKD 22.01 billion in 2023[11]. - The company reported a total operating income of 44.40 billion in 2023, indicating a decrease of 13.0%[12]. - The company reported a revenue of 702.3 million, representing a 9.5% increase year-over-year as of December 31, 2024[18]. - The company reported a revenue of 365,906.4 million for the year ending December 31, 2024, compared to 270,970.1 million in 2023, representing a year-over-year growth of approximately 35.1%[34]. - The company reported a revenue of 63,464.0 million for the fiscal year ending December 31, 2024, reflecting a growth of 55% compared to the previous year[62]. - The company reported a total revenue of 4,517,510,134 for the fiscal year ending December 31, 2024, representing a year-over-year growth of 21.9%[134]. Market Expansion and Strategy - The company plans to expand its market presence in Europe and Southeast Asia, focusing on increasing its smartphone market share[11]. - The company plans to expand its market presence in the AIoT sector, focusing on innovative product development and strategic partnerships[14]. - The company is exploring potential mergers and acquisitions to strengthen its position in the technology sector[11]. - The company is focusing on expanding its market presence in the smart device sector, with a projected revenue of K 58 million from new product lines by December 2024[28]. - The company aims to launch new products and technologies in the upcoming quarters to drive further growth and market share[30]. - The company plans to enhance its ESG (Environmental, Social, and Governance) initiatives, aiming for a MSCI ESG rating improvement to BB by the end of 2024[30]. - The company is focusing on market expansion strategies to enhance revenue growth in the upcoming years[54]. - The company is exploring potential acquisitions to enhance its market position and product offerings[56]. - The company is focusing on market expansion strategies, particularly in Asia and Europe[70]. - The company plans to expand its market presence in Asia, targeting a 15% increase in market share by 2025[72]. Research and Development - Xiaomi is investing in new product development, particularly in AI and smart home technologies, to enhance its ecosystem[11]. - The company reported a significant increase in R&D expenditure to HKD 24.34 billion, reflecting a commitment to innovation and technology advancement[11]. - The company is investing in R&D for new technologies, including advancements in AI and IoT solutions[20]. - The company is investing in new technologies to enhance its product offerings, particularly in the AIoT space[15]. - The company plans to invest in new technologies, aiming for a 6.8% increase in R&D spending to drive innovation[133]. - The company has allocated 50 million in R&D for new technologies aimed at enhancing user experience[87]. - Research and development expenses increased by 10%, totaling 3.66 billion, reflecting a 35.0% year-over-year increase[13]. - User data for AIoT products reached 904.6 million, marking a 22.3% growth year-over-year by December 31, 2024[18]. - User data indicates a total of 3,719,482 active users, with a significant increase in engagement metrics[51]. - User data showed a total of 6,829,800 active users as of January 6, 2025, indicating a growth trend in user engagement[64]. - User data showed a growth of 12 million active users, bringing the total to 150 million[87]. - User data indicated a total of 2,358,377,326 active users, with a growth of 124,851,426 users compared to the previous year[85]. - User data showed a total of 609,370,425 active users, with a decline of 181,420,563 users year-over-year[80]. - User data indicates a total of 40 million active users as of December 31, 2024, which is an increase of 36% year-over-year[62]. - User data showed a growth of 25% in active users, totaling 5 million by the end of the quarter[143]. Future Outlook and Guidance - Xiaomi's future outlook includes a revenue growth target of 15-20% for the next fiscal year, driven by new product launches and market expansion[11]. - Future guidance suggests a continued upward trend in revenue, with expectations of reaching 272 million by the end of 2024, up from 27,234,531 for the upcoming fiscal year, indicating a growth trajectory[51]. - The company provided guidance for 2024, expecting revenue growth of approximately 10%[68]. - Future guidance remains positive, with management expressing confidence in achieving set targets and enhancing shareholder value[113]. - The company is projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[126]. - The company has provided guidance for Q4 2023, expecting revenue to reach approximately 1.32 billion[144].