Xiaomi Corporation’s Q4 2024 Earnings Conference Call: Key Insights
On March 18, 2025, Xiaomi Corporation (OTCPK:XIACF) held its Q4 2024 earnings conference call, where Anita Chan, Head of Investor Relations and Corporate Finance, Lu Weibing, President, and Alain Lam, Chief Financial Officer, provided updates on the company’s financial performance and future plans. The call was attended by several analysts, including Andy Meng from Morgan Stanley, Timothy Zhao from Goldman Sachs, Wen Hanjing from CICC, Xu Yingbo from CITIC, and Huatai’s Zoe Xu, among others.
Financial Performance
During the call, Xiaomi’s management team shared their financial results for the quarter. The company reported a revenue growth of 25% year-over-year, reaching CNY 85.5 billion (approximately USD 12.7 billion). The growth was driven by strong sales in smartphones, IoT devices, and other product categories. The gross profit margin expanded by 1.5 percentage points to 19.5%, while the operating profit margin improved by 2.3 percentage points to 8.5%.
Business Updates
Lu Weibing, the President of Xiaomi, shared updates on the company’s business segments. In the smartphone market, Xiaomi maintained its position as the number three smartphone vendor globally, with a market share of 13.5%. The company has seen significant growth in emerging markets, particularly in India and Europe. In the IoT sector, Xiaomi’s Mi Home platform now has over 100 million registered users, and the company is expanding its product offerings to include security cameras, air purifiers, and other smart home devices.
Future Plans
Alain Lam, the CFO, discussed Xiaomi’s future plans. The company aims to expand its presence in the global market, particularly in Europe and the United States, where it sees significant growth potential. Xiaomi also plans to invest in new technologies, such as 5G, artificial intelligence, and autonomous driving. The company is developing its own chips for smartphones and IoT devices, which it believes will give it a competitive edge in the market.
Impact on Individuals
For individuals, Xiaomi’s strong financial performance and growth plans could lead to new and innovative products in the smartphone and IoT markets. Xiaomi’s focus on affordable pricing and quality could also make its devices more accessible to a larger consumer base. Additionally, the company’s expansion into new markets could create job opportunities and contribute to economic growth in those regions.
Impact on the World
On a larger scale, Xiaomi’s growth could disrupt the technology industry, particularly in the smartphone and IoT markets. The company’s focus on affordability and innovation could make technology more accessible to a broader audience, potentially leading to increased digitalization and connectivity around the world. Xiaomi’s investment in new technologies, such as 5G and autonomous driving, could also lead to advancements in these areas and contribute to the development of a more technologically advanced world.
Conclusion
In conclusion, Xiaomi’s Q4 2024 earnings call provided insight into the company’s strong financial performance and future plans. The company’s growth in the smartphone and IoT markets, as well as its investment in new technologies, could have significant impacts on individuals and the world as a whole. As Xiaomi continues to innovate and expand, it will be an exciting company to watch in the technology industry.
- Xiaomi reported a revenue growth of 25% year-over-year, reaching CNY 85.5 billion (approximately USD 12.7 billion)
- The company maintained its position as the number three smartphone vendor globally, with a market share of 13.5%
- Xiaomi’s Mi Home platform now has over 100 million registered users
- The company plans to expand its presence in the global market, particularly in Europe and the United States
- Xiaomi is investing in new technologies, such as 5G, artificial intelligence, and autonomous driving
- The company’s focus on affordability and innovation could make technology more accessible to a broader audience
- Xiaomi’s growth could lead to increased digitalization and connectivity around the world
