Xiaomi Group released its 2021 annual results. In 2021, Xiaomi Group’s total revenue will reach RMB 328.3 billion, a year-on-year increase of 33.5%. Adjusted net profit amounted to RMB 22 billion, a year-on-year increase of 69.5%.
In 2021, Xiaomi’s global smartphone shipments and market share will both reach record highs, of which the global smartphone shipments will reach 190 million units, a year-on-year increase of 30.0%.
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In the high-end market, in 2021, Xiaomi’s global shipments of high-end smartphones priced at RMB 3,000 or more in mainland China and overseas priced at 300 euros or more will exceed 24 million units, doubling from 2020.
Among them, overseas shipments of high-end smartphones priced at 300 euros or more increased by more than 160% year on year. Smart TV ASP also increased significantly, driving smart TV revenue up more than 25% YoY.
In 2021, Xiaomi’s R&D expenditure will reach RMB 13.2 billion, a year-on-year increase of 42.3%. Since 2017, the compound growth rate has reached 43%. The Xiaomi MIX FOLD and Xiaomi 12 Pro are two high-end flagship models.
Moreover, Xiaomi has launched the first self-developed professional imaging chip Xiaomi Pengpai C1 and the first self-developed charging chip Xiaomi Pengpai P1. Xiaomi said that it will unswervingly adhere to technology-oriented in the future, and it is expected that the R&D investment in the next five years will exceed RMB 100 billion.
