【 Hong Kong Stock Exchange Changes 】 Xiaomi Group rose 3%, with adjusted net profit increasing by 147% year-on-year in the second quarter
  Investing 2023-08-30 11:18:00
Description:The second quarter performance report released by Xiaomi Group shows that the company\'s revenue for the quarter was 67.355 billion yuan (RMB, the same below), a year-on-year decrease of 4.0%, better than expected. After adjustment, the net profit was 5.1

On Wednesday morning in Hong Kong, Xiaomi Group W (HK: 1810) (HK: 1810) rose 3% to HKD 12.74.


The second quarter performance report released by Xiaomi Group shows that the company's revenue for the quarter was 67.355 billion yuan (RMB, the same below), a year-on-year decrease of 4.0%, better than expected. After adjustment, the net profit was 5.14 billion yuan, a year-on-year increase of 147.0%, better than the expected 4.083 billion yuan.


In addition, Xiaomi Group's gross profit margin in the second quarter was 21%, an increase of 4.2 percentage points compared to the previous year.


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