Xiaomi Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	449,375	365,906	270,970	280,044	328,309	245,866
Revenue Growth (YoY)	36.12%	35.04%	-3.24%	-14.70%	33.53%	19.45%
Cost of Revenue	349,477	289,346	213,494	232,467	270,048	209,114
Gross Profit	99,898	76,560	57,476	47,577	58,261	36,752
Selling, General & Admin	37,503	30,991	24,353	26,437	25,720	18,286
Research & Development	30,971	24,050	19,098	16,028	13,167	9,256
Other Operating Expenses	-4,559	-1,502	-739.41	-963.69	-648.53	-628.25
Operating Expenses	63,915	53,539	42,712	41,502	38,238	26,914
Operating Income	35,983	23,021	14,765	6,076	20,023	9,838
Interest Expense	-4,450	-1,332	-1,150	-1,130	-2,841	-3,365
Interest & Investment Income	4,979	3,836	3,558	1,789	1,400	1,045
Earnings From Equity Investments	172.87	276.85	45.62	-400.1	275.01	1,381
Currency Exchange Gain (Loss)	-319.63	-319.63	124.41	-998.6	-483.29	-693.22
Other Non Operating Income (Expenses)	655.42	1,244	-410.95	583.86	-	-
EBT Excluding Unusual Items	37,021	26,726	16,932	5,920	18,372	8,206
Gain (Loss) on Sale of Investments	14,914	1,401	5,079	-1,986	6,045	13,428
Pretax Income	51,934	28,127	22,011	3,934	24,417	21,633
Income Tax Expense	7,916	4,548	4,537	1,431	5,134	1,321
Earnings From Continuing Operations	44,018	23,578	17,474	2,503	19,283	20,313
Minority Interest in Earnings	107.33	79.68	0.98	-28.54	56.09	42.79
Net Income	44,125	23,658	17,475	2,474	19,339	20,356
Net Income to Common	44,125	23,658	17,475	2,474	19,339	20,356
Net Income Growth	127.92%	35.38%	606.34%	-87.21%	-4.99%	102.66%
Shares Outstanding (Basic)	25,378	24,825	24,885	24,828	24,927	23,987
Shares Outstanding (Diluted)	26,330	25,501	25,325	25,297	25,509	24,668
Shares Change (YoY)	3.46%	0.69%	0.11%	-0.83%	3.41%	0.65%
EPS (Basic)	1.74	0.95	0.70	0.10	0.78	0.85
EPS (Diluted)	1.69	0.93	0.69	0.10	0.76	0.83
EPS Growth	122.31%	34.78%	592.46%	-86.89%	-8.43%	102.44%
Free Cash Flow	37,138	31,998	35,032	-10,189	2,616	18,853
Free Cash Flow Per Share	1.41	1.25	1.38	-0.40	0.10	0.76
Gross Margin	22.23%	20.92%	21.21%	16.99%	17.75%	14.95%
Operating Margin	8.01%	6.29%	5.45%	2.17%	6.10%	4.00%
Profit Margin	9.82%	6.47%	6.45%	0.88%	5.89%	8.28%
Free Cash Flow Margin	8.26%	8.74%	12.93%	-3.64%	0.80%	7.67%
EBITDA	41,885	27,410	18,451	8,534	22,029	11,050
EBITDA Margin	9.32%	7.49%	6.81%	3.05%	6.71%	4.49%
D&A For EBITDA	5,901	4,389	3,687	2,459	2,006	1,212
EBIT	35,983	23,021	14,765	6,076	20,023	9,838
EBIT Margin	8.01%	6.29%	5.45%	2.17%	6.10%	4.00%
Effective Tax Rate	15.24%	16.17%	20.61%	36.38%	21.02%	6.11%
Advertising Expenses	-	8,011	6,996	7,234	7,246	5,477

Source: S&P Global Market Intelligence. Standard template. Financial Sources.