The Chinese company Xiaomi has reported on the work in the first quarter of this year: the results have reached an all-time high, and this applies to both revenue and net profit.

Here and below photos of Reuters

In the period from January to March inclusive, Xiaomi received 76,88 billion yuan (approximately $ 12 billion) in revenue. This is an impressive 55% more than in the first quarter of last year.

Gross profit was about 14,16 billion yuan ($ 2,2 billion), up 87,4% from a year ago. Adjusted net income jumped 163,8% at all, reaching 6 billion yuan ($ 0,94 billion).

«During the first quarter of 2021, both our total revenues and adjusted net income hit record highs for the quarter, reflecting the robustness of the business model and the clear implementation of the company’s strategies. The meteoric rise in smartphone shipments has led to a continuous expansion of the company’s user base. Our AIoT platform continues to scale globally“, – the company notes.

According to Canalys estimates, Xiaomi in the first quarter of this year took first place in smartphone sales in Russia. The share of the company was 32% in piece terms. Shipments of Xiaomi devices in the Russian Federation have soared by 2020% compared to the same period in 125.