Reported Earnings • Apr 30
Full year 2025 earnings released: EPS: CN¥1.62 (vs CN¥0.95 in FY 2024) Full year 2025 results: EPS: CN¥1.62 (up from CN¥0.95 in FY 2024). Revenue: CN¥457.3b (up 25% from FY 2024). Net income: CN¥41.6b (up 76% from FY 2024). Profit margin: 9.1% (up from 6.5% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annonce • Apr 29
Xiaomi Corporation, Annual General Meeting, Jun 02, 2026 Xiaomi Corporation, Annual General Meeting, Jun 02, 2026, at 14:00 China Standard Time. Location: xiaomi campus, anningzhuang road, haidian district, beijing China Annonce • Apr 24
Xiaomi Corporation to Report Q1, 2026 Results on May 26, 2026 Xiaomi Corporation announced that they will report Q1, 2026 results on May 26, 2026 New Risk • Apr 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mexican stocks, typically moving 5.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.5% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 25
Full year 2025 earnings released: EPS: CN¥1.62 (vs CN¥0.95 in FY 2024) Full year 2025 results: EPS: CN¥1.62 (up from CN¥0.95 in FY 2024). Revenue: CN¥457.3b (up 25% from FY 2024). Net income: CN¥41.6b (up 76% from FY 2024). Profit margin: 9.1% (up from 6.5% in FY 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Annonce • Feb 24
Xiaomi Corporation to Report Fiscal Year 2025 Results on Mar 24, 2026 Xiaomi Corporation announced that they will report fiscal year 2025 results on Mar 24, 2026 New Risk • Feb 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Mexican stocks, typically moving 5.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (5.7% average weekly change). Minor Risk Large one-off items impacting financial results. Recent Insider Transactions • Nov 27
Founder recently bought Mex$239m worth of stock On the 24th of November, Jun Lei bought around 3m shares on-market at roughly Mex$91.75 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Jun's only on-market trade for the last 12 months. New Risk • Nov 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Mexican stocks, typically moving 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 20
Third quarter 2025 earnings released: EPS: CN¥0.47 (vs CN¥0.22 in 3Q 2024) Third quarter 2025 results: EPS: CN¥0.47 (up from CN¥0.22 in 3Q 2024). Revenue: CN¥113.1b (up 22% from 3Q 2024). Net income: CN¥12.3b (up 129% from 3Q 2024). Profit margin: 11% (up from 5.8% in 3Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 57% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Nov 12
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to Mex$108. The fair value is estimated to be Mex$89.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 67%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Annonce • Oct 18
Xiaomi Corporation to Report Q3, 2025 Results on Nov 18, 2025 Xiaomi Corporation announced that they will report Q3, 2025 results on Nov 18, 2025 Reported Earnings • Sep 26
Second quarter 2025 earnings released: EPS: CN¥0.46 (vs CN¥0.20 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.46 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥116.0b (up 31% from 2Q 2024). Net income: CN¥11.9b (up 134% from 2Q 2024). Profit margin: 10% (up from 5.7% in 2Q 2024). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 19
Second quarter 2025 earnings released: EPS: CN¥0.46 (vs CN¥0.20 in 2Q 2024) Second quarter 2025 results: EPS: CN¥0.46 (up from CN¥0.20 in 2Q 2024). Revenue: CN¥116.0b (up 31% from 2Q 2024). Net income: CN¥11.9b (up 134% from 2Q 2024). Profit margin: 10% (up from 5.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 61% per year, which means it is significantly lagging earnings growth. Annonce • Jul 18
Xiaomi Corporation to Report First Half, 2025 Results on Aug 19, 2025 Xiaomi Corporation announced that they will report first half, 2025 results on Aug 19, 2025 Buy Or Sell Opportunity • Jul 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to Mex$139. The fair value is estimated to be Mex$115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Annonce • Jun 28
Xiaomi Launches YU7 SUV Featuring Ambilight's Electrochromic Smart Dimming Sunroof Xiaomi launched the YU7, its first mid-size electric SUV. The high-end YU7 MAX model sets a new benchmark for intelligent mobility, coming standard with the new-generation electrochromic smart dimming sunroof developed by Ambilight, an industry leader in flexible electrochromic technologies. The new-generation black electrochromic sunroof offers seamless, software-driven control of natural light, eliminating the need for physical sunshades or films. In its dark setting, the sunroof achieves a 99.85% light-blocking rate, delivering near-total solar shading. This ensures superior glare reduction, enhanced thermal insulation, and consistent passenger comfort across varying light conditions, while keeping a cleaner, more minimalist interior aesthetic. It sets a new standard for performance and reliability in automotive-grade smart glass. Engineered to meet rigorous automotive-grade standards, Ambilight's electrochromic technology is already in mass production, supporting panoramic and curved-glass applications across roofs and side windows--making it the only company in the world currently capable of delivering this level of scalable, flexible electrochromic glass at volume. Through this partnership, Ambilight has demonstrated strong supply chain capabilities, fulfilling high-volume production demands with consistency and scale. In May 2025 alone, the company delivered over 10,000 sets of EC automotive dimming products, setting a global production milestone for the smart glass industry. Xiaomi YU7--backed by its trusted technical brand and expansive market reach--positions electrochromic smart glass for widespread adoption in the mass market. This collaboration signals a broader trend in the automotive sector toward intelligent, user-centric materials that enhance sustainability and comfort without compromising design. As demand for smart, energy-efficient technologies accelerates across automotive, architecture and electronics, Ambilight is strategically positioned for long-term growth. With a proven track record in high-volume manufacturing, a robust IP portfolio, and expanding international partnerships, the company is unlocking new value in smart electrochromic technologies. Buy Or Sell Opportunity • Jun 24
Now 23% overvalued Over the last 90 days, the stock has fallen 7.6% to Mex$133. The fair value is estimated to be Mex$108, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Reported Earnings • May 28
First quarter 2025 earnings released: EPS: CN¥0.44 (vs CN¥0.17 in 1Q 2024) First quarter 2025 results: EPS: CN¥0.44 (up from CN¥0.17 in 1Q 2024). Revenue: CN¥111.3b (up 47% from 1Q 2024). Net income: CN¥10.9b (up 161% from 1Q 2024). Profit margin: 9.8% (up from 5.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 58% per year whereas the company’s share price has increased by 63% per year. Buy Or Sell Opportunity • May 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to Mex$136. The fair value is estimated to be Mex$113, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Annonce • Apr 26
Xiaomi Corporation to Report Q1, 2025 Results on May 27, 2025 Xiaomi Corporation announced that they will report Q1, 2025 results on May 27, 2025 Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: CN¥0.95 (vs CN¥0.70 in FY 2023) Full year 2024 results: EPS: CN¥0.95 (up from CN¥0.70 in FY 2023). Revenue: CN¥365.9b (up 35% from FY 2023). Net income: CN¥23.7b (up 35% from FY 2023). Profit margin: 6.5% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to Mex$129, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Tech industry globally. Total returns to shareholders of 280% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$118 per share. Annonce • Apr 24
Xiaomi Corporation, Annual General Meeting, Jun 05, 2025 Xiaomi Corporation, Annual General Meeting, Jun 05, 2025, at 14:00 China Standard Time. Location: xiaomi campus, anningzhuang road, haidian district, beijing, China Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to Mex$121, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 13x in the Tech industry globally. Total returns to shareholders of 194% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$125 per share. Annonce • Mar 31
Xiaomi Corporation has completed a Follow-on Equity Offering in the amount of HKD 42.6 billion. Xiaomi Corporation has completed a Follow-on Equity Offering in the amount of HKD 42.6 billion.
Security Name: B Shares
Security Type: Common Stock
Securities Offered: 800,000,000
Price\Range: HKD 53.25
Transaction Features: Subsequent Direct Listing Buy Or Sell Opportunity • Mar 29
Now 22% undervalued Over the last 90 days, the stock has risen 55% to Mex$138. The fair value is estimated to be Mex$177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Annonce • Mar 27
Xiaomi Corporation has filed a Follow-on Equity Offering in the amount of HKD 42.6 billion. Xiaomi Corporation has filed a Follow-on Equity Offering in the amount of HKD 42.6 billion.
Security Name: B Shares
Security Type: Common Stock
Securities Offered: 800,000,000
Price\Range: HKD 53.25
Transaction Features: Subsequent Direct Listing Reported Earnings • Mar 18
Full year 2024 earnings released: EPS: CN¥0.95 (vs CN¥0.70 in FY 2023) Full year 2024 results: EPS: CN¥0.95 (up from CN¥0.70 in FY 2023). Revenue: CN¥365.9b (up 35% from FY 2023). Net income: CN¥23.7b (up 35% from FY 2023). Profit margin: 6.5% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 53% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to Mex$139, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 15x in the Tech industry globally. Total returns to shareholders of 221% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at Mex$141 per share. Annonce • Feb 14
Xiaomi Corporation to Report Fiscal Year 2024 Results on Mar 18, 2025 Xiaomi Corporation announced that they will report fiscal year 2024 results on Mar 18, 2025 Buy Or Sell Opportunity • Dec 30
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 57% to Mex$97.50. The fair value is estimated to be Mex$81.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 21% per annum over the same time period. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: CN¥0.22 (vs CN¥0.20 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.22 (up from CN¥0.20 in 3Q 2023). Revenue: CN¥92.5b (up 31% from 3Q 2023). Net income: CN¥5.35b (up 9.8% from 3Q 2023). Profit margin: 5.8% (down from 6.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Annonce • Oct 18
Xiaomi Corporation to Report Q3, 2024 Results on Nov 18, 2024 Xiaomi Corporation announced that they will report Q3, 2024 results on Nov 18, 2024 Reported Earnings • Sep 27
Second quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.15 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.20 (up from CN¥0.15 in 2Q 2023). Revenue: CN¥88.9b (up 32% from 2Q 2023). Net income: CN¥5.10b (up 39% from 2Q 2023). Profit margin: 5.7% (up from 5.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Mex$59.00, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the Tech industry globally. Total loss to shareholders of 5.6% over the past three years. Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to Mex$56.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Tech industry globally. Total loss to shareholders of 26% over the past three years. New Risk • Aug 23
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 28% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 22
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: CN¥88.9b (up 32% from 2Q 2023). Net income: CN¥5.10b (up 39% from 2Q 2023). Profit margin: 5.7% (up from 5.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Global Tech industry. Annonce • Jul 23
Xiaomi Corporation to Report First Half, 2024 Results on Aug 21, 2024 Xiaomi Corporation announced that they will report first half, 2024 results on Aug 21, 2024 Reported Earnings • May 25
First quarter 2024 earnings released: EPS: CN¥0.17 (vs CN¥0.17 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.17 (down from CN¥0.17 in 1Q 2023). Revenue: CN¥75.5b (up 27% from 1Q 2023). Net income: CN¥4.18b (flat on 1Q 2023). Profit margin: 5.5% (down from 7.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Annonce • May 15
Xiaomi Corporation, Annual General Meeting, Jun 06, 2024 Xiaomi Corporation, Annual General Meeting, Jun 06, 2024, at 14:00 China Standard Time. Location: xiaomi campus, anningzhuang road, haidian district, beijing China Annonce • May 08
Xiaomi Corporation to Report Q1, 2024 Results on May 23, 2024 Xiaomi Corporation announced that they will report Q1, 2024 results on May 23, 2024 Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: CN¥0.70 (vs CN¥0.10 in FY 2022) Full year 2023 results: EPS: CN¥0.70 (up from CN¥0.10 in FY 2022). Revenue: CN¥271.0b (down 3.2% from FY 2022). Net income: CN¥17.5b (up CN¥15.0b from FY 2022). Profit margin: 6.4% (up from 0.9% in FY 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Annonce • Apr 26
Xiaomi Makes Waves with the Unveiling of Latest Electric Scooter, 4Pro (2nd Gen) Electric Scooter, 4Pro (2nd Gen), which is produced by Brightway Innovation Intelligent Technology (Suzhou) Co.,Ltd., is unveiled recently. Xiaomi made waves with the unveiling of its latest Electric Scooter, 4Pro (2nd Gen). This new electric scooter has taken an important step in terms of battery life, safety performance and intelligence, and also brings more convenience to Xiaomi users. The launch of the 4Pro (2nd Gen) signifies Xiaomi's successful endeavor to elevate the commuting experience to new heights. This electric scooter's standout feature lies in its outstanding battery life, with a built-in 468Wh battery capable of providing a range of up to 60km. It is no longer necessary for users to frequently charge their vehicles, which makes traveling simpler and free of concern. The newly upgraded electric scooter is equipped with a maximum power 1000W motor and rear-wheel drive design, it offers enhanced acceleration and climbing capabilities, catering to various usage scenarios. It is worth mentioning that 10" widened tubeless tires take into account both comfort and safety, and provide stable support for riding. On top of that, 4Pro (2nd Gen) is also equipped with auto-sensing headlights and standard turn signals, which significantly increase the user's safety when riding at night. Users can independently set the auto-sensing headlights by using Mijia APP. 4Pro (2nd Gen) automatically turns on the headlights and taillights to give riders nighttime riding lighting when the surrounding darkness decreases. This design is not just for riders, other road users can also get corresponding road safety protection. Xiaomi consistently demands that more users be able to take use of the simplicity and entertainment that technology offers, and it keeps surprising users with new things. With a full carbon steel frame, 4Pro (2nd Gen) accommodates customers ranging in age from 16 to 50. Also, it can alter its height to suit different user groups with a range of 1.2 to 2.2 meters. This new scooter release demonstrates the company's outstanding competency in the micromobility industry. The scooter is primarily available in European countries such as Spain, France, Germany, Poland, and Sweden, with plans for expansion to other regions including the Middle East and Latin America in the future. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to Mex$37.70, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the Tech industry globally. Total loss to shareholders of 59% over the past three years. Reported Earnings • Mar 20
Full year 2023 earnings released: EPS: CN¥0.70 (vs CN¥0.10 in FY 2022) Full year 2023 results: EPS: CN¥0.70 (up from CN¥0.10 in FY 2022). Revenue: CN¥271.0b (down 3.2% from FY 2022). Net income: CN¥17.5b (up CN¥15.0b from FY 2022). Profit margin: 6.4% (up from 0.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Global Tech industry. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Annonce • Mar 02
Xiaomi Corporation to Report Fiscal Year 2023 Results on Mar 19, 2024 Xiaomi Corporation announced that they will report fiscal year 2023 results on Mar 19, 2024 Annonce • Jan 08
Xiaomi Corporation Announces Board Changes The board ("Board") of directors ("Directors") of Xiaomi Corporation announces that Prof. Tong Wai Cheung Timothy ("Prof. Tong") has resigned as an independent non-executive Director, the chairman of the nomination committee and a member of the corporate governance committee of the Board with effect from January 8, 2024 due to his desire to devote more time to his other business commitments. The Board announced that Ms. Cai Jinqing ("Ms. Cai") has been appointed as an independent non-executive Director, and a member of the nomination committee and the corporate governance committee of the Board with effect from January 8, 2024. Ms. Cai, aged 56, obtained her Bachelor's degree from Wellesley College located in Massachusetts and holds a Master's degree in Public Affairs from Princeton University, School of International and Public Affairs. Ms. Cai has served as the president of Kering Greater China since 2018. She is committed to enhancing the reputation of Kering in Greater China, strengthening the relationship between Kering and its partners, propelling the long-term development of Kering in China, and promoting the increasingly significant role of Greater China in the global market. From 2012 to 2018, Ms. Cai worked for Christie's, an art auction house. Ms. Cai was appointed as the first managing director, president and chairwoman of Christie's China during her tenure at Christie's. At present, Ms. Cai is a member of Christie's Asia Advisory Council. Ms. Cai had also been the founding partner of Brunswick Beijing from 2005 to 2012, a world-renowned public relations consulting firm. Prior to that, Ms. Cai founded New Alliance Consulting International Limited and managed the annual conference of Boao Forum for Asia as an exclusive public relations consultant. Since December 1, 2021, Ms. Cai has served on the board of Mandarin Oriental International Limited (the shares of which are listed on London Stock Exchange, the Singapore Exchange Limited (Stock Code: M04) and Bermuda Stock Exchange as a non-executive director. Ms. Cai also serves as the vice chair of the board of Teach for China, a leading non-profit organisation in China focusing on educational inequality issues in China. The Board announce that Mr. Wong Shun Tak has been appointed as the chairman of the nomination committee of the Board with effect from January 8, 2024. Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: CN¥0.20 (vs CN¥0.06 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.20 (up from CN¥0.06 loss in 3Q 2022). Revenue: CN¥70.9b (flat on 3Q 2022). Net income: CN¥4.87b (up CN¥6.35b from 3Q 2022). Profit margin: 6.9% (up from net loss in 3Q 2022). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Global Tech industry. Annonce • Nov 17
Ambiq and Xiaomi Together Redefine Lifestyles with Xiaomi Smart Band 8 Ambiq® together with Xiaomi collaborated again on Xiaomi Smart Band 8, a new smart band to assist consumers in defining their unique style. The Xiaomi Smart Band 8 completely reimagined a band by its looks, features, and functionalities. Enabled by Ambiq's Apollo4 Blue Lite SoC, Xiaomi Smart Band Xiaomi Smart Band 8 is equipped with all-day SpO2 and heart rate monitoring, sleep monitoring, pressure monitoring, and even female menstrual cycle1. With 200+ pre-set watch faces, Xiaomi Smart Band 8 offers an upgraded appearance, includes a racetrack-shaped 1.62" crystal clear high-resolution AMOLED display, and its upgraded 190mAh battery provides up to 16 days of typical usage on a single charge. The device features 150+ sports modes, providing users with a wide selection of fitness activities to choose from. The Apollo4 Blue Lite SoC, launched in July 2023, is purpose-built for products that intend to go beyond the preconceived definition of their category with an emphasis on health monitoring. The collaboration between Ambiq and Xiaomi resulted in a brand new device, the Smart Band 8, that can deliver optimized energy efficiency, graphics, intelligent processing, a dynamic interface, and a commitment to a premium user experience. Annonce • Sep 28
Xiaomi Announces Global Launch of Xiaomi 13T Series Xiaomi revealed its latest Xiaomi 13T Series smartphones, designed and engineered for customers worldwide who are ready to unleash their visual artistry. By incorporating professional optical lenses from Leica, Xiaomi 13T Series delivers Authentic Leica Imagery that captures the essence of iconic Leica experience. Equipped with advanced performance optimization architecture and lasting battery life, and a crystal-clear display, Xiaomi 13T Series ensures outstanding smartphone experiences whether shooting photos, watching videos or in daily usage. Both Xiaomi 13T Pro and Xiaomi 13T come in three colors: Meadow Green, Black and Alpine Blue. Xiaomi 13T Pro with 12GB+512GB is priced at HKD 4,599, and Xiaomi 13T with 12GB+256GB is priced at HKD 3,299. Responding to the new generation of smartphone users' passion for creativity, Xiaomi 13T Series brings forth photography at a professional caliber. Both Xiaomi 13TPro and Xiaomi 13T offer a triple camera setup featuring Summicron lenses co-engineered with Leica, including a 50MP wide angle camera with 24mm equivalent focal length and a 7P aspherical lens designed to capture more light supporting high dynamic range shooting, and a 50MP telephoto lens with 50mm equivalent focal length. A 12MP ultra-wide-angle camera with a 15mm equivalent focal length is ideal for taking panoramic shots and capturing stunning landscapes. Powered by 100% DCI-P3, both Xiaomi 13T Pro and Xiaomi13T cameras have wider color range which helps to capture every magical moment with classic Leica quality. Xiaomi 13T Series delivers two original Leica photographic styles: Leica Authentic Look and Leica Vibrant Look, providing highly striking imagery possibilities with natural color reproduction, strong contrast and shadow definition along with the classic Leica image aesthetics. Reported Earnings • Aug 31
Second quarter 2023 earnings released: EPS: CN¥0.15 (vs CN¥0.056 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.15 (up from CN¥0.056 in 2Q 2022). Revenue: CN¥67.4b (down 4.0% from 2Q 2022). Net income: CN¥3.67b (up 165% from 2Q 2022). Profit margin: 5.4% (up from 2.0% in 2Q 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Global Tech industry. Annonce • Aug 12
Xiaomi Corporation to Report First Half, 2023 Results on Aug 29, 2023 Xiaomi Corporation announced that they will report first half, 2023 results on Aug 29, 2023 Reported Earnings • May 26
First quarter 2023 earnings released: EPS: CN¥0.17 (vs CN¥0.02 loss in 1Q 2022) First quarter 2023 results: EPS: CN¥0.17 (up from CN¥0.02 loss in 1Q 2022). Revenue: CN¥59.5b (down 19% from 1Q 2022). Net income: CN¥4.20b (up CN¥4.79b from 1Q 2022). Profit margin: 7.1% (up from net loss in 1Q 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Global Tech industry. Annonce • May 13
Xiaomi Corporation, Annual General Meeting, Jun 08, 2023 Xiaomi Corporation, Annual General Meeting, Jun 08, 2023, at 14:00 China Standard Time. Location: Xiaomi Campus, Anningzhuang Road, Haidian District, Beijing China Agenda: To receive the audited consolidated financial statements of the Company and the reports of the directors and the auditor of the Company for the year ended December 31, 2022; to re-elect Liu Qin as a non-executive Director; to re-elect Chen Dongsheng as an independent non-executive Director; to re-elect Wong Shun Tak as an independent non-executive Director; to authorize the board of Directors to fix the respective Directors' remuneration; and to re-appoint PricewaterhouseCoopers as auditor of the Company and to authorize the board of Directors to fix remuneration. Reported Earnings • Mar 25
Full year 2022 earnings released: EPS: CN¥0.10 (vs CN¥0.78 in FY 2021) Full year 2022 results: EPS: CN¥0.10 (down from CN¥0.78 in FY 2021). Revenue: CN¥280.0b (down 15% from FY 2021). Net income: CN¥2.47b (down 87% from FY 2021). Profit margin: 0.9% (down from 5.9% in FY 2021). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Global Tech industry. Reported Earnings • Nov 24
Third quarter 2022 earnings released: CN¥0.059 loss per share (vs CN¥0.03 profit in 3Q 2021) Third quarter 2022 results: CN¥0.059 loss per share (down from CN¥0.03 profit in 3Q 2021). Revenue: CN¥70.5b (down 9.7% from 3Q 2021). Net loss: CN¥1.48b (down 286% from profit in 3Q 2021). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Global Tech industry. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Non-Executive Director Timothy Tong was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Aug 19
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: CN¥70.2b (down 20% from 2Q 2021). Net income: CN¥1.39b (down 83% from 2Q 2021). Profit margin: 2.0% (down from 9.4% in 2Q 2021). Over the next year, revenue is forecast to grow 11%, compared to a 5.2% growth forecast for the Tech industry in Mexico. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: CN¥0.78 (vs CN¥0.85 in FY 2020) Full year 2021 results: EPS: CN¥0.78 (down from CN¥0.85 in FY 2020). Revenue: CN¥328.3b (up 34% from FY 2020). Net income: CN¥19.3b (down 5.0% from FY 2020). Profit margin: 5.9% (down from 8.3% in FY 2020). Over the next year, revenue is forecast to grow 13%, compared to a 7.3% growth forecast for the industry in Mexico. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Timothy Tong was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to Mex$33.01, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Tech industry globally. Total loss to shareholders of 66% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$34.35 per share. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment deteriorated over the past week After last week's 18% share price decline to Mex$37.00, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Tech industry globally. Total loss to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$34.76 per share. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 16% share price gain to Mex$54.50, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Tech industry globally. Total loss to shareholders of 63% over the past year. Simply Wall St's valuation model estimates the intrinsic value at Mex$39.13 per share. Reported Earnings • Nov 25
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CN¥0.032 (down from CN¥0.20 in 3Q 2020). Revenue: CN¥78.1b (up 8.2% from 3Q 2020). Net income: CN¥792.3m (down 84% from 3Q 2020). Profit margin: 1.0% (down from 6.8% in 3Q 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 6.8% growth forecast for the industry in Mexico. Reported Earnings • Nov 25
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: CN¥0.032 (down from CN¥0.20 in 3Q 2020). Revenue: CN¥78.1b (up 8.2% from 3Q 2020). Net income: CN¥792.3m (down 84% from 3Q 2020). Profit margin: 1.0% (down from 6.8% in 3Q 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 21%, compared to a 6.8% growth forecast for the industry in Mexico. Reported Earnings • Oct 03
Second quarter 2021 earnings released: EPS CN¥0.33 (vs CN¥0.19 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥87.8b (up 64% from 2Q 2020). Net income: CN¥8.27b (up 84% from 2Q 2020). Profit margin: 9.4% (up from 8.4% in 2Q 2020). Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to Mex$63.20, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Tech industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$35.58 per share. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorated over the past week After last week's 16% share price decline to Mex$67.46, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Tech industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$42.30 per share. Reported Earnings • Aug 26
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥87.8b (up 64% from 2Q 2020). Net income: CN¥8.27b (up 84% from 2Q 2020). Profit margin: 9.4% (up from 8.4% in 2Q 2020). Reported Earnings • May 29
First quarter 2021 earnings released: EPS CN¥0.31 (vs CN¥0.091 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥76.9b (up 55% from 1Q 2020). Net income: CN¥7.79b (up 260% from 1Q 2020). Profit margin: 10% (up from 4.4% in 1Q 2020). Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥74.50, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Tech industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$45.25 per share. Executive Departure • May 01
Joint Company Secretary has left the company On the 30th of April, Wing Ki Chan's tenure as Joint Company Secretary ended after less than a year in the role. We don't have any record of a personal shareholding under Wing Ki's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Apr 28
Full year 2020 earnings released: EPS CN¥0.85 (vs CN¥0.42 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥245.9b (up 19% from FY 2019). Net income: CN¥20.4b (up 103% from FY 2019). Profit margin: 8.3% (up from 4.9% in FY 2019). Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorated over the past week After last week's 22% share price decline to CN¥77.18, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 16x in the Tech industry globally. Simply Wall St's valuation model estimates the intrinsic value at Mex$42.71 per share. Executive Departure • Mar 25
Senior VP, President of Global Business & Executive Director Shou Zi Chew has left the company On the 24th of March, Shou Zi Chew's tenure as Senior VP, President of Global Business & Executive Director ended after 1.4 years in the role. As of December 2020, Shou Zi personally held 50.48m shares (Mex$7.5b worth at the time). A total of 2 executives have left over the last 12 months. Reported Earnings • Mar 25
Full year 2020 earnings released The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥245.9b (up 19% from FY 2019). Net income: CN¥20.4b (up 103% from FY 2019). Profit margin: 8.3% (up from 4.9% in FY 2019).