Source: Xiaomi
On August 19, Xiaomi Corporation announced its unaudited consolidated results for the three and six months ended June 30, 2022. During the reporting period, Xiaomi registered revenue of RMB70.2 billion. Adjusted net profit reached RMB2.1 billion.
For Q2, the company’s smart large home appliance category (including air conditioners, refrigerators and washing machines) continued to deliver strong growth with revenue increasing over 25% year-over-year to set a record high. It is worth mentioning that as of July 2022, the company’s air conditioner shipments year-to-date has already exceeded the 2 million units in 2021.
As of June 30, 2022, the number of connected IoT devices (excluding smartphones, tablets and laptops) on Xiaomi’s AIoT platform reached 526.9 million, up 40.7% year-over-year. The number of users with five or more devices connected to its AIoT platform (excluding smartphones, tablets and laptops) exceeded 10 million for the first time to reach 10.2 million, an increase of 37.0% year-over-year.