The first performance of Xiaomi Group since its listing.

On August 19, Xiaomi Group (01810.HK) released the financial report in the first half of 2022.

In the first half of this year, global smartphone sales were sluggish, and Xiaomi Group was also affected. Its for two consecutive quarters of revenue and net profit declined year -on -year. This is also the first semi -annual report that Xiaomi Group has declined since its listing.

In terms of innovation business, Xiaomi Group continued to increase investment in smart electric vehicles and robots. In the second quarter, innovative business costs such as smart electric vehicles were 611 million yuan. The robot laboratory established in 2021 also made a breakthrough. In August 2022, the Xiaomi full -research human -shaped bionic robot Cyberone was released.

Since the beginning of this year, Xiaomi Group's stock price has fallen, and as of the close of August 19, it has fallen by more than 38%during the year.

↑ Xiaomi Group's data matching picture According to IC Photo

Global smartphone market downturn

Xiaomi Group's revenue and net profit decline

According to Xiaomi Group's financial report, in the first half of 2022, Xiaomi Group's revenue was 143.522 billion yuan, a year -on -year decrease of 12.84%; gross profit was 24.478 billion yuan, a year -on -year decrease of 16.48%; and the net profit was 4.940 billion yuan, a decrease of 60.1%year -on -year.

Among them, the revenue of 70.17 billion yuan in the second quarter, a year -on -year decrease of 20.1%; gross profit was 11.77 billion yuan, a year -on -year decrease of 22.3%; the adjustment of net profit was 2.08 billion yuan, a year -on -year decrease of 67.1%; gross profit margin was 16.8%, a year -on -year decrease of 0.5 percentage points.

The decline in mobile phone business is one of the main reasons for the decline in Xiaomi Group's business.

In the second quarter of 2022, the company's smartphone business revenue was 42.3 billion yuan, a year -on -year decrease of 28.5%, and 7.6%from the previous month; the global shipments of smartphones were 39.1 million units, a year -on -year decrease of 26.2%, an increase of 1.5%month -on -month.

Xiaomi Group said that the promotional efforts were strengthened during the 618 e -commerce shopping festival. In the second quarter of 2022, the smartphone ASP (average price) and gross profit margin decreased from the previous quarter. Smart phone ASP decreased by 9.0%/part of the first quarter of 2022 to 1081.7 yuan/part of the second quarter; the gross profit margin was reduced from 9.9%in the first quarter to 8.7%in the second quarter.

In fact, it is not just Xiaomi Group. In the first half of 2022, the global smartphone market overall sluggish.

Canalys data shows that in the first quarter of 2022, global smartphone shipments reached 311.2 billion units, a year -on -year decrease of 11%. In the second quarter, shipments decreased to 287 million units, a year -on -year decrease of 8.9%. Xiaomi's market share and shipments have always ranked third, after Samsung and Apple. In terms of market share, Xiaomi has a market share of 13%in the first quarter and 14%in the second quarter. The shipment data is slightly different from Xiaomi Group's financial report, 39.2 million units in the first quarter, and 39.6 million units in the second quarter.

In the second quarter of the Xiaomi Group, other business revenue also declined to varying degrees. The revenue of IoT and consumer product products decreased by 4.5%year -on -year to 19.8 billion yuan. %Rose to 14.3%, mainly due to the decline in core component prices.

Internet service revenue decreased by 0.9%year -on -year to 7 billion yuan, mainly due to the decrease in financial technology business revenue; the gross profit margin decreased from 74.1%in the second quarter of last year to 73.0%, mainly due to the decrease in pre -installed business revenue related to smartphone shipments. , Resulting in the decline in advertising business gross profit margin.

However, Xiaomi's global smartphone users have continued to expand. In June 2022, the number of monthly active users in MIUI reached 547 million, an increase of 93.1 million year -on -year. As of June 30, 2022, the number of IoT devices (excluding smartphones, tablets and laptops) connected by Xiaomi AIOT platform reached 527 million, a year -on -year increase of 40.7%.

Since the beginning of this year, Xiaomi Group's stock price has fallen, and has fallen by more than 38%during the year. As of the close of August 19, it was reported at HK $ 11.66/share, up 0.17%, with a total market value of 291 billion Hong Kong dollars, and the stock price fell 31%compared with the original issue price.

Xiaomi executive: continuously investing in humanoid robots and surrounding industries

Not yet in the mass production stage

At the autumn conference on August 11, Xiaomi first disclosed the new progress of autonomous driving technology and announced the first real video of the autonomous driving road test. Lei Jun said that the first phase of Xiaomi Autonomous Driving Technology planned 140 test vehicles, which will be tested across the country. The goal is to enter the industry's first camp in 2024. In addition, the first full -sized human bionic robot Cyberone was launched, which attracted the attention of the industry.

The Xiaomi Group disclosed that it will continue to promote the core strategy of "mobile phone × AIOT" while actively exploring the development of innovative businesses such as smart electric vehicles.

In the first half of 2022, Xiaomi Group's R & D expenditure totaling 7.3 billion yuan. Due to the increase in research and development expenditures such as smart electric vehicles such as smart electric vehicles, in the second quarter of 2022, the company's R & D expenditure reached 3.8 billion yuan, an increase of 22.8%year -on -year, and 7.7%month -on -month.

The semi -annual report shows that the cost of innovative business costs such as Xiaomi Group in the second quarter was 611 million yuan.In the first phase of the field of autonomous driving, the research and development related investment was 3.3 billion yuan. At present, more than 500 R & D elite teams have been established, and the technical layout strategy of the full -scale self -developed algorithm has been formulated.The newly released Xiaomi full -research human -shaped bionic robot Cyberone, through mechanical joint module and systemic control algorithm, achieve a bipolar motion attitude balance, and provides emotional perception and space three -dimensional virtual reconstruction capabilities through audio, visual algorithms and modules.

At the performance conference, Wang Xiang, president of Xiaomi Group, said that intelligent robots, especially humanoid robots, are very complicated, and the group is still exploring more possibilities. At present, related products are still in the early research and development stage.Xiaomi Group CFO Lin Shiwei said that the cost of robotics is very high and has not yet reached the production stage, but many technologies can be used on the rest of the company's products. In the future, they will find more opportunities while exploring new products.

Red Star News reporter Tao Yiyang

Editor Deng Yiguang Editor Yang Cheng

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