Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Xiaomi Corporation
  6. News
  7. Summary
    1810   KYG9830T1067

XIAOMI CORPORATION

(1810)
  Report
Delayed Hong Kong Stock Exchange  -  12:21:20 2023-01-27 am EST
13.40 HKD   +0.45%
12:24aHong Kong stocks ease ahead of China market reopening after Lunar New Year holiday
RE
01/26Post-Holiday Surge Boosts Hong Kong Shares
MT
01/26Xiaomi Shares Rise After EV Plans Leak
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Xiaomi Swung to Third-Quarter Loss Amid EV Investments, Lower Revenue

11/23/2022 | 05:15am EST

By Yifan Wang


Xiaomi Corp. swung to a loss in the third quarter as higher investments to develop electric cars dragged profitability at a time of falling smartphone sales.

The Chinese smartphone maker posted net loss of 1.47 billion yuan ($205.9 million), compared with profit of CNY788.6 million a year earlier.

Revenue fell 9.7% to CNY70.47 billion, dragged by an 11% sales drop in its smartphone business, which makes up more than 50% of Xiaomi's top line.

"In the third quarter of 2022, global macroeconomic turbulence continued to weigh on global smartphone market demand," the company said.

Xiaomi's research and development expenses jumped 26%, as the company stepped up investment spending in a bid to expand into China's booming electric-car market.


Write to Yifan Wang at yifan.wang@wsj.com


(END) Dow Jones Newswires

11-23-22 0514ET

Stocks mentioned in the article
ChangeLast1st jan.
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.29% 6.7547 Delayed Quote.-2.22%
XIAOMI CORPORATION 0.30% 13.4 Delayed Quote.8.41%
All news about XIAOMI CORPORATION
12:24aHong Kong stocks ease ahead of China market reopening after Lunar New Year holiday
RE
01/26Post-Holiday Surge Boosts Hong Kong Shares
MT
01/26Xiaomi Shares Rise After EV Plans Leak
DJ
01/26Hong Kong stocks hit 9-month high on lunar new year rush
RE
01/23Hesai Technology Files for $100 Million US IPO
MT
01/22China’s Smartphone Sales Fall Below 300 Million Units for First Time in Eight Yea..
MT
01/19Shanghai-Based AI Company Black Sesame to File Hong Kong IPO
MT
01/17Didi's China ride-hailing app back on some app stores
RE
01/10China Lidar Startup Hesai Technology to File for IPO in US
MT
01/09Border Opening, Tech Rally Raise Hong Kong Shares
MT
More news
Analyst Recommendations on XIAOMI CORPORATION
More recommendations
Financials
Sales 2022 287 B 42 332 M 42 332 M
Net income 2022 1 666 M 246 M 246 M
Net cash 2022 39 379 M 5 806 M 5 806 M
P/E ratio 2022 168x
Yield 2022 -
Capitalization 288 B 42 497 M 42 497 M
EV / Sales 2022 0,87x
EV / Sales 2023 0,78x
Nbr of Employees 32 869
Free-Float 60,3%
Chart XIAOMI CORPORATION
Duration : Period :
Xiaomi Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends XIAOMI CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 11,56 CNY
Average target price 10,72 CNY
Spread / Average Target -7,28%
EPS Revisions
Managers and Directors
Jun Lei Chairman & Chief Executive Officer
Wei Bing Lu President
Alain Lam Chief Financial Officer
Yan Qi SVP-Internal Operations & Public Affairs
Dong Sheng Chen Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
XIAOMI CORPORATION8.41%42 497
APPLE INC.9.18%2 246 525
WINGTECH TECHNOLOGY CO.,LTD13.18%10 935
SHENZHEN TRANSSION HOLDINGS CO., LTD.7.94%10 174
DZS INC.-4.18%375
RTX A/S8.32%153