Below are the financial statements of Xiaomi, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of CNY | 2024 | 2023 |
|---|---|---|
| Revenue | 365,906.35a | 270,970.14a |
| Cost of sales | -289,346.16a | -213,493.9a |
| Gross profit | 76,560.19a | 57,476.24a |
| Research and development expenses | -24,050.48a | -19,097.7a |
| Selling and marketing expenses | -25,389.63a | -19,226.54a |
| Administrative expenses | -5,601.25a | -5,126.8a |
| Fair value changes on financial instruments measured at fair value through profit or loss | 1,050.77a | 3,501.05a |
| Share of net profits of investments accounted for using the equity method | 276.85a | 45.62a |
| Other income | 1,666.78a | 740.09a |
| Other (losses)/gains, net | -10.33a | 1,696.71a |
| Operating profit | 24,502.9a | 20,008.67a |
| Finance income | 3,836.2a | 3,558.35a |
| Finance costs | -212.45a | -1,555.97a |
| Profit before income tax | 28,126.65a | 22,011.05a |
| Income tax expenses | -4,548.2a | -4,536.85a |
| Profit for the year | 23,578.45a | 17,474.2a |
| Attributable to: | — | — |
| Owners of the Company | 23,658.13a | 17,475.17a |
| Non-controlling interests | -79.68a | -0.98a |
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