Per edited: Bi Luming
Xiaomi Group-W (01810, HK) released its 2021 annual performance report on the Hong Kong Stock Exchange on the evening of March 22. Revenue for the fourth quarter of 2021 was RMB85.575 billion, an increase of 21.4% year-on-year, and adjusted net profit for the fourth quarter of 2021 was RMB4.47 billion, an increase of 39.6% year-on-year. Revenue in 2021 was RMB328.309 billion, an increase of 33.5% year-on-year, and adjusted net profit in 2021 was RMB22.04 billion, an increase of 69.5% year-on-year. In 2021, the revenue of smartphones reached RMB208.9 billion, an increase of 37.2% year-on-year. Smartphone shipments ranked third in the world in 2021, with a market share of 14.1%.
Xiaomi Group announced that since the announcement of the car manufacturing plan in March 2021, Xiaomi's smart electric vehicle business has progressed more than expected. Up to now, the scale of the automotive business R&D team has exceeded 1,000 people, and it will continue to expand R&D in core areas such as autonomous driving and intelligent cockpit in the future. It is expected to be officially mass-produced in the first half of 2024.
Xiaomi Group announced that the group continues to promote the core strategy of "mobile phone × AIoT". In 2021, the Group's global smartphone shipments increased by 30% year-on-year to 190.3 million units. According to Canalys data, Xiaomi's smartphone shipments ranked third in the world in 2021, with a market share of 14.1%, annual shipments and market share hit a record high, and shipments among the top five smartphone manufacturers in the world grew the fastest year-on-year. In December 2021, the number of monthly active users of MIUI in the world reached 508.9 million, an increase of 28.4% year-on-year, and the number of monthly active users of the group's global net new MIUI in the whole year of 2021 reached 112.5 million. As of December 31, 2021, the number of IoT devices connected to the Group's AIoT platform (excluding smartphones, tablets and laptops) reached 434 million, an increase of 33.6% year-on-year.
Xiaomi Group announced that in 2021, the group's research and development expenditure reached 13.2 billion yuan, an increase of 42.3% year-on-year. The Group continues to explore cutting-edge technology in depth, and in 2021, on the two high-end flagship models of Xiaomi MIX FOLD and Xiaomi 12 Pro, the first self-developed professional imaging chip Surging C1 and the first self-developed charging chip Surging P1 were launched respectively. At the same time, the Group also released the first smart glasses with information display, navigation, photography and other functions, Xiaomi Smart Glasses Exploration Edition, and launched the first CyberDog bionic quadruped robot, and set up a robot laboratory to further enhance the strength of hard technology.
Image source: Visual China
In addition, the Group debuted liquid lenses on the Xiaomi MIX FOLD and launched the "Everything Focus" algorithm on the Xiaomi 12 and Xiaomi 12 Pro to continuously optimize the image experience. It is expected that the Group's R&D investment will exceed RMB100 billion in the next five years.
Xiaomi Group announced that in 2021, the group's overseas revenue reached 163.6 billion yuan, an increase of 33.7% year-on-year, accounting for 49.8% of the group's total revenue. According to Canalys data, in the whole of 2021, the Group ranked first in smartphone shipments in 14 countries and regions around the world, ranked in the top five in 62 countries and regions in the world, and ranked second in the European market.
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