Xiaomi today announced the consolidated results of 2021 confirming that it has recorded a further step forward in its growth program. Turnover increased by 33.5% compared to the previous year while the adjusted net profit actually registered a growth of + 69.5% compared to last year’s data.
Xiaomi is still growing: 2021 is a record
Xiaomi’s growth no longer stops. The company closed a record 2021 with a total turnover of RMB 328.3 billion with an increase of + 33.5% compared to the previous year’s data. Also noteworthy is the excellent data ofadjusted net profit. In this case, Xiaomi records a total of in 2021 22 billion RMB with an increase of + 69.5%.
The cornerstones of the company’s growth
Xiaomi has highlighted some points of reference of its growth program. The company has experienced solid growth and a record market share in global smartphone shipments. Also noteworthy is a better competitiveness of the premium range of smartphones and a growth in the AIoT business. Internet services are also growing as well as investments in research and development.
The company commented on the results recorded in 2021 as follows: “Thanks to a resilient business model, a complete intelligent ecosystem and a large user base, Xiaomi is set to overcome macroeconomic headwinds while maintaining solid growth and achieving Sustainable Development”