On the afternoon of May 19, Xiaomi released its financial report for the first quarter of 2022 today According to the financial report, the company's total revenue in the first quarter reached 73.4 billion yuan, a year-on-year decrease of 4.6%; The adjusted net profit reached 2.9 billion yuan, a year-on-year decrease of 52.9%
Summary of first quarter results:
• in the first quarter of 2022, Xiaomi's smartphone business revenue was 45.8 billion yuan, compared with 51.5 billion yuan in the same period last year, a year-on-year decrease of 11.1%; In the first quarter of 2022, Xiaomi's global smartphone market shipped 38.5 million units, compared with 49.4 million units in the same period last year, a year-on-year decrease of 22.1%;
• in the first quarter of 2022, Xiaomi's Internet service revenue reached 7.1 billion yuan, a year-on-year increase of 8.2%;
• in the first quarter of 2022, Xiaomi group's income from IOT and consumer products reached 19.48 billion yuan, a year-on-year increase of 6.8%. In this quarter, the gross profit margin of Xiaomi IOT and consumer products reached 15.6%, a record high in a single quarter;
• in the first quarter of 2022, the overseas market revenue reached 37.5 billion yuan, compared with 37.4 billion yuan in the same period last year, the same year-on-year, accounting for 51.1% of the total revenue.
• in March 2022, the number of global MIUI monthly active users was 529 million, with a year-on-year increase of 24.5%; The number of monthly active users of MIUI in Chinese Mainland was 136million, a year-on-year increase of 14.3%.
• in the first quarter of 2022, advertising revenue reached 4.5 billion yuan, a year-on-year increase of 16.2%;
• in the first quarter of 2022, the game revenue was RMB 1.1 billion, a year-on-year increase of 3.0%;
• in the first quarter of 2022, the overseas Internet business revenue reached RMB 1.6 billion, with a year-on-year increase of 71.1%. The proportion of the overall Internet service revenue continued to increase, reaching 21.9%, a record high.
Employee compensation:
As of March 31, 2022, Xiaomi has 33793 full-time employees, of which 31165 are located in Chinese Mainland. As of March 31, 2022, Xiaomi has a total of 15002 R & D personnel.
In the first quarter of 2022, Xiaomi's total compensation expenses (including share-based compensation expenses) were RMB 3.9 billion, an increase of 13.3% over the fourth quarter of 2021.
Investment:
As of March 31, 2022, Xiaomi had invested in more than 400 companies, with a total book value of 59.1 billion yuan, a year-on-year increase of 13.9%. In the first quarter of 2022, Xiaomi recorded a net income after tax of RMB 100 million from the disposal of investment. As of March 31, 2022, the total value of the company's investment (including (I) the fair value of the listed company in the investment calculated by the equity method (calculated according to the share price on March 31, 2022); (II) the book value of the non listed company in the investment calculated by the equity method; And (III) the book value of long-term investments at fair value through profit or loss is RMB 62.2 billion.