Xiaomi mobile phone’s global market share rises to the fourth, and Xiaomi’s Q2 revenue will reach 51.2 billion yuan

Abstract: Xiaomi is expected to release Q2 financial report on Wednesday. In Q1, Xiaomi’s mobile phone business grew against the trend, with the global market share rising to the fourth place, the proportion of overseas revenue reaching 50%, and the Internet service reached a record high. In Q2 performance, CMB international expects that Xiaomi’s profit will hit the bottom, and Xiaomi’s “dark moment” has passed < / P > < p > in 2020q1, the revenue of Xiaomi group reached 49.702 billion yuan, a year-on-year increase of 13.59%, and a decrease of 13.54pct on a month on month basis. In terms of products, the company’s revenue growth is mainly driven by smart phones and IOT business; in the region, the company’s revenue growth is mainly driven by overseas business. In 2020q1, the revenue of smart phones reached 30.3 billion yuan, a year-on-year increase of 12.3%, accounting for 61.01%. In 2020q1, 29.2 million smart phones were sold, an increase of 4.7% year-on-year; the ASP of smart phones was 1038 yuan per smartphone, an increase of 7.2%. The rise of ASP was mainly driven by 5g and other high-end smartphone models released in 2020q1. The market share of smartphone shipment increased to 11.1%, ranking fourth in the world. It is one of the only two manufacturers among the top five to maintain a year-on-year increase in shipment. The income of IOT and consumer products reached 13 billion yuan, a year-on-year increase of 7.8%, accounting for 26.12%. The year-on-year growth in income of IOT and consumer products was mainly due to the rapid growth in demand for some IOT products such as smart bracelets and routers. In 2020q1, the revenue of smart TV notebook computers was 4.6 billion yuan, a year-on-year decrease of 8.2%, mainly due to the reduction of sales activities and production interruption caused by the epidemic. The Internet service revenue reached 5.9 billion yuan, a year-on-year increase of 38.6%, accounting for 11.87%. All of the company’s major Internet service businesses are growing steadily in 2020q1. In March 2020, the number of monthly active users of MIUI reached 330.7 million, with a year-on-year increase of 26.7%. < / P > < p > CMB international expects that Xiaomi’s Q2 revenue and adjusted net profit will be 53.292 billion yuan and 2.64 billion yuan, respectively, with a year-on-year growth of 3% and – 27%. Xiaomi’s profit will bottom out in 2020q2, mainly due to the recovery of demand for smart phones in China / India. After 10 consecutive quarters of market share decline, Xiaomi is expected to regain its market share growth in China. CMB international also predicts that, thanks to various factors, Xiaomi’s mobile phones will grow by – 6% / 5% in Q3 and Q4 this year, and 16% / 16% in 2021 and 2022. Xiaomi’s “dark moment” has passed. < p > < p > according to the consensus forecast of pembo, the revenue of Xiaomi Q2 will reach 5.275 billion yuan, with a year-on-year growth of 1.37%; the adjusted net profit will be 2.695 billion yuan, with a year-on-year increase of 4.01%. < / P > < p > warm tips: Hong Kong stocks opened higher and closed higher on Monday, the Hang Seng Index closed up 1.74%, and companies with different rights in the same share closed up strongly. The latest market dynamics of Hong Kong stock market can be seen at any time. Please pay attention to the app of jintou.com. Continue ReadingStraight screen S20! Samsung Galaxy S20 Fe exposure: 1Hz high brush + snapdragon 865