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.