Xiaomi executives interpret 2023 q 1 financial report.

Hello, everyone, I am an executive of Xiaomi. Today I will interpret Xiaomi's financial report for the first quarter of 2023.

First of all, in the first quarter of 2023, Xiaomi's total revenue was10.2 billion yuan, a year-on-year increase of 25%. Among them, the mobile phone business revenue was 70 billion yuan, up 20% year-on-year, accounting for 58% of the total revenue. The smart home business revenue was 30 billion yuan, up 30% year-on-year, accounting for 25% of the total revenue. Other business income was 20 billion yuan, up 35% year-on-year, accounting for 65,438+07% of the total revenue.

Secondly, in the first quarter of 2023, Xiaomi's net profit was 6 billion yuan, a year-on-year increase of 40%. Gross profit margin 15%, up 2 percentage points year-on-year. Our marketing expenses and management expenses have also been effectively controlled, with a year-on-year decrease of 65,438+0 percentage points and 0.5 percentage points respectively.

Third, in the first quarter of 2023, Xiaomi's overseas business performed well, with overseas revenue accounting for 30% of the total revenue, up 40% year-on-year. We have performed very well in markets such as India, Southeast Asia and Europe, and we have become a leading local brand.

Finally, we are full of confidence in the future. We will continue to increase investment in R&D, supply chain and channels to continuously improve product quality and user experience. At the same time, continue to expand overseas business, strengthen cooperation with local operators and distributors, and enhance brand influence and market share.

Thank you!