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Watch: Xiaomi continues steady growth, posted strong Q3 2019 numbers

OPPO
Senior Vice President of Xiaomi Corporation and CFO Shouzi Chew has shared the company's numbers and achievements for Q3 2019.
Watch: Xiaomi continues steady growth, posted strong Q3 2019 numbers
Mi 9T Pro

Xiaomi continued its growth this year as it posted strong Q3 2019 numbers


In particular, the total revenue of the company is up to 5.5 percent YoY (Year-Over-Year) to CNY 53.7 billion.

The adjustment net profit of the company is up by 20.3 percent YoY or CNY 3.5 billion.

The company's full-year adjusted net profit is higher at CNY 9.2 billion this year versus CNY 8.6 billion last year.

It made the company even more liquid as it now has 
CNY 56.6 billion of total cash resources. 

In 2019, Xiaomi also made it to the number 7 spot of Fortune's Future 50 List. At the moment, the company is the number 4 biggest mobile maker in the world with a total of 
9.1 percent market share based on IDC's latest data.

Xiaomi also boasted that it is prepared for the upcoming 5G transition. In fact, it has already launched the Mi 9 Pro 5G and Mi MIX Alpha 5G devices in China.

What do you guys think?

Source: Xiaomi
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