Xiaomi releases second quarter 2024 financial report, with double-digit growth in both revenue and profit

On August 21, Xiaomi announced its unaudited consolidated results for the second quarter of 2024. Revenue in the quarter achieved double-digit year-on-year growth for the third consecutive quarter, reaching RMB 88.9 billion, a year-on-year increase of 32%. Adjusted net profit was RMB 6.2 billion, a year-on-year increase of 20.1%, a strong growth. The overall gross profit margin remained at 20.7%.