Adjusted net profit reached 1.59 billion USD, up sharply by 80.9% and significantly higher than the market's forecast, setting a new record in the history of operations.
In the first 9 months of the year, Xiaomi achieved 47.9 billion USD in revenue, almost the same as last year. Adjusted net profit reached 4.62 billion USD, exceeding last year.
With the "Human × Car × Home" strategy, all business segments of the Group showed significant growth momentum. In particular, the intelligent electric vehicle (EV), artificial intelligence (AI) and new initiatives made a historic breakthrough in the third quarter when they recorded positive operating profits for the first time. Revenue of this segment reached 4.08 billion USD, up more than 199% over the same period last year.
smartphone revenue reached 6.47 billion USD, with factory output continuing to maintain the Top 3 position globally for 21 consecutive quarters. The IoT devices and smart consumer products segment recorded $3.88 billion, of which Xiaomi's IoT devices connected to the AIoT platform have surpassed 1 billion devices.
In addition, Internet service revenue reached 1.32 billion USD, up 10.8% over the same period and setting a new high.
