Xiaomi posts revenue of RMB88.9 bn for Q2 2024

Xiaomi released its Q2 2024 financial report on August 21, 2024. In the second quarter of 2024, Xiaomi’s total revenue was 88.9 billion yuan, a year-on-year increase of 32.0%; the adjusted net profit reached 6.2 billion yuan, up by 20.1% year-on-year. Among these, the performance of the smart major home appliance business stood out with air conditioner shipments exceeding 3.3 million units, refrigerator shipments surpassing 600,000 units, and washing machine shipments exceeding 400,000 units.