XIAOMI REPORTS SOLID REVENUE AND PROFIT GROWTH FOR 2020

Stellar performance across all business segments underpinned by core strategy of “Smartphone x AIoT”;Overseas expansion gains momentum Xiaomi Corporation (“Xiaomi” or the “Group”; stock code:1810), an internet company with smartphone and smart hardware connected by an Internet of Things (“IoT”) platform at its core, announced its audited consolidated results for the year ending on December 31, 2020. In 2020, Xiaomi’s total revenue for the year amounted to RMB245.9 billion, representing an increase of 19.4% year-over-year; adjusted net profit for the year was RMB13.0 billion, representing an increase of 12.8% year-over-year, exceeding market expectations. In the fourth quarter of 2020, the Group’s revenue amounted to RMB70.5 billion representing an increase of 24.8% year-over-year; adjusted net profit was RMB3.2 billion representing an increase of 36.7% year-over-year. 2020 Financial Highlights: Total revenue was approximately RMB245.9 billion, up 19.4% YoY; Gross profit was approx ...