Xiaomi Q3 2022: Revenue declines 10%, profit falls 59% YoY

The 2022 Q3 results for the three months ended September 30, 2022, were released by Xiaomi Corporation. Xiaomi reported revenue of RMB 70.5 billion throughout the reporting period, a 10% decrease year-on-year. Net profit after adjustments totaled RMB 2.1 billion, down 59% YoY. This also included RMB 829 million in costs for the smart EV and other new projects. Continue reading “Xiaomi Q3 2022: Revenue declines 10%, profit falls 59% YoY”