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  -  03:08:06 2023-01-26 am EST
13.34 HKD   +12.48%
05:18aPost-Holiday Surge Boosts Hong Kong Shares
MT
02:54aXiaomi Shares Rise After EV Plans Leak
DJ
12:19aHong Kong stocks hit 9-month high on lunar new year rush
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Xiaomi sales slide as lockdowns bite

11/23/2022 | 10:23am EST

STORY: China's never-ending lockdowns are causing pain at Xiaomi.

The smartphone maker said Wednesday (November 23) that revenue dropped almost ten percent over the third quarter.

That took it just below $10 billion.

Consumer spending in China has been sapped by ongoing health-crisis curbs.

Researchers say that contributed to an 11% drop in handset shipments over the period.

Xiaomi saw its revenue from smartphone sales - about 60% of its business - fall by a similar amount.

Last year, the firm had enjoyed a boom as U.S. sanctions weighed on bigger rival Huawei.

But the boost proved short lived.

In May this year, Xiaomi reported its first revenue decline since going public in 2018.

Then in August it saw quarterly sales drop by a fifth.

Its share price has tumbled by around a half over the year amid the string of disappointing news.

Xiaomi is now looking for new growth areas, including electric vehicles.

It's committed to start producing EVs in the first half of 2024.


ę Reuters 2022
All news about XIAOMI CORPORATION
05:18aPost-Holiday Surge Boosts Hong Kong Shares
MT
02:54aXiaomi Shares Rise After EV Plans Leak
DJ
12:19aHong Kong stocks hit 9-month high on lunar new year rush
RE
01/23Hesai Technology Files for $100 Million US IPO
MT
01/22China’s Smartphone Sales Fall Below 300 Million Units for First Time in Eight Yea..
MT
01/19Shanghai-Based AI Company Black Sesame to File Hong Kong IPO
MT
01/17Didi's China ride-hailing app back on some app stores
RE
01/10China Lidar Startup Hesai Technology to File for IPO in US
MT
01/09Border Opening, Tech Rally Raise Hong Kong Shares
MT
01/08Xiaomi Plans to Launch Electric Vehicle by Year-End; Shares Up 6%
MT
More news
Analyst Recommendations on XIAOMI CORPORATION
More recommendations
Financials
Sales 2022 287 B 42 332 M 42 332 M
Net income 2022 1 666 M 246 M 246 M
Net cash 2022 39 379 M 5 806 M 5 806 M
P/E ratio 2022 168x
Yield 2022 -
Capitalization 288 B 42 497 M 42 497 M
EV / Sales 2022 0,87x
EV / Sales 2023 0,78x
Nbr of Employees 32 869
Free-Float 60,3%
Chart XIAOMI CORPORATION
Duration : Period :
Xiaomi Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends XIAOMI CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Last Close Price 11,56 CNY
Average target price 10,72 CNY
Spread / Average Target -7,28%
EPS Revisions
Managers and Directors
Jun Lei Chairman & Chief Executive Officer
Wei Bing Lu President
Alain Lam Chief Financial Officer
Yan Qi SVP-Internal Operations & Public Affairs
Dong Sheng Chen Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
XIAOMI CORPORATION8.41%37 769
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