Xiaomi’s Q1 earnings solid, loT emerged as new growth engine, car delivery to rise further in H2 – research 
Xiaomi’s Q1 earnings solid, loT emerged as new growth engine, car delivery to rise further in H2 – research 

Xiaomi’s Q1 earnings solid, loT emerged as new growth engine, car delivery to rise further in H2 – research 

 

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HSBC Global Research said that Xiaomi's first-quarter results were solid, with recurring net profit surging 101% year over year, which was 16% higher than the bank's forecast. 

Among that, the Internet of Things (IoT) business emerged as a new growth engine, with revenues up 21% from a year earlier, and the business segment's gross profit margin hitting a record high of 19.9%, rising by 6 percentage points from the previous quarter, which came as a surprise, the bank said.

As of mid-May, Xiaomi delivered about 10,000 units . . .

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