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Xiaomi Corp Class B (HK:1810)
:1810
Holding HK:1810?
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.22Last Year’s EPS
0.19Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2018
|% Change Since: 22.68%
|Next Earnings Date:Aug 22, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with significant revenue growth, strong performance in IoT and home appliances, successful expansion in overseas markets, and improved profit margins. While there are challenges related to increased supply chain costs and losses in the innovative business segment, the overall outlook remains optimistic.Company Guidance
In the Q3 2024 earnings call for Xiaomi Corporation, the company provided a comprehensive overview of its financial performance and strategic direction. Total revenue for the quarter reached CNY 92.5 billion, marking a 30.5% year-over-year increase, with the handset IoT core business contributing CNY 82.8 billion, up 16.8%. Gross margin was maintained at a healthy 20.4%, with the handset segment achieving an 11.7% margin and smart eco and innovative business reaching 17.1%. The company reported an adjusted total profit of CNY 6.3 billion and narrowed its innovative business losses to CNY 1.5 billion. Xiaomi's premiumization strategy was highlighted with the Xiaomi 15 series, which saw its selling price rise from CNY 4,000 to CNY 4,499, while still achieving faster sales than its predecessors. The home appliance and IoT business also saw a 20% increase in revenue, totaling CNY 26.1 billion. Xiaomi's vehicle business reported a delivery volume of 40,000 units, with a target of 130,000 for 2024. The company also emphasized its commitment to AI integration across its products and services, aiming to enhance user experience and drive future growth.Strong Revenue Growth
Total revenue for Q3 reached CNY 92.5 billion, marking a 30.5% increase compared to the previous year.
IoT and Home Appliance Growth
IoT and home appliance revenue increased by 20% to CNY 26.1 billion, with a gross margin reaching a historical high of 20.8%.
Improved Profit Margins
Consolidated gross margin was reported at 20.4%, and the core business profit level reached CNY 7.7 billion.
Expansion in Overseas Markets
Xiaomi ranked #3 in handset delivery in 52 countries, with overseas internet service revenue increasing by 18.3%.
Successful Premiumization Strategy
The selling price for Xiaomi 15 increased from CNY 4,000 to CNY 4,499, with continued strong sales performance.
Vehicle Business Expansion
SU7 delivery volume reached 40,000 units, with significant sales growth in October, aiming for 130,000 total deliveries in 2024.
Enhanced Brand Recognition
Xiaomi was listed as one of the best brands globally by Interbrand, being one of the two Chinese brands on the list.
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HK:1810 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HK:1810 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | HK$28.00 | HK$28.80 | +2.86% |
| Aug 21, 2024 | HK$17.68 | HK$17.52 | -0.90% |
| May 23, 2024 | HK$19.44 | HK$18.94 | -2.57% |
| Mar 19, 2024 | HK$14.94 | HK$14.86 | -0.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Xiaomi Corp Class B (HK:1810) report earnings?
Xiaomi Corp Class B (HK:1810) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Xiaomi Corp Class B (HK:1810) earnings time?
Xiaomi Corp Class B (HK:1810) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Xiaomi Corp Class B stock?
The P/E ratio of Xiaomi is N/A.
What is HK:1810 EPS forecast?
HK:1810 EPS forecast for the fiscal quarter 2024 (Q4) is 0.22.
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