Spoločnosť Xiaomi as a relatively young Chinese manufacturer records its best economic results in its history. In today's article, we will look at the detailed statistics for the first quarter of 2021 and also the year-on-year increase compared to the first quarter of last year.
Xiaomi: The best economic results in history
The first quarter of 2021 was extremely successful for the Chinese manufacturer Xiaomi. Xiaomi's total revenue stood at 76,9 billion Chinese yuan. Converted to approximately 9,89 billion € / USD 12,05 billion, which represents a year-on-year increase of up to 54,7%.
The company's net profit was about 6,1 billion Chinese yuan. In the current conversion, this amounts to more than 784 million € / USD 956 million. Even in this case, it is a massive year-on-year increase, this time up to 163,8%.
The company's gross profit for the first quarter is approximately 14,2 billion Chinese yuan. According to the current calculation, it is approximately 1,8 billion € / 2,2 billion USD. This represents a year-on-year increase of up to 87,4%.
As for the profit from the sale of smartphones, it stopped at the value of 51,5 billion Chinese yuan. Converted to 6,61 billion € / USD 8,07 billion. This is a year-on-year increase of up to 69,8%.
Xiaomi himself is also aware of the success
As Xiaomi puts it: "During the first quarter of 2021, our total revenues, as well as our net profit, reached historically high levels, demonstrating the strength of our business model and strategy."
The manufacturer also boasted of the number of smartphones sold, which stopped at 49,4 million units for global shipments. This means a year-on-year increase of up to 69,1%. The number of premium smartphones exceeded 4 million.
Thanks to these results, Xiaomi maintained its third position in Western Europe with a market share that increased to 16,6%. In Spain, for example, the Xiaomi brand was in the first place for the fifth quarter in a row with a market share of 35,1%.
Do you like the progress of this young Chinese manufacturer? Do you own any Xiaomi products? You can easily write your observations and opinions to us below in the discussion below the article. Follow our group on Facebook with the tag Xiaomi Planet - A place for real Xiaomi fans and also our portal Xiaomi Planet and you will learn more.
