Tag Archive: Annual Report Analysis

Analysis of Xiaomi 2020 Annual Report: Smart Device or Investment Company?

In 2020, Xiaomi posted solid performance amid the pandemic and global economic uncertainty, with revenue and adjusted net profit growing 19.4% and 12.8% year-over-year to RMB245.9 billion and RMB13.0 billion, respectively. The most amazing financial figure is the net profit, which grew more than 100% year-over-year to RMB 20 billion.  This shows Xiaomi has great resilient capability. As Leijun said in the letter to shareholders: “Good timber does not grow with ease. The stronger the wind, the stronger the trees.” In…
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