Xiaomi Corp 2018 AR2
The report highlights Xiaomi Corporation's robust growth in 2018, achieving RMB 174.9 billion in revenue, a 52.6% increase year-on-year. The company officially launched its 'Smartphone + AIoT' dual-engine strategy, with connected IoT devices reaching approximately 150.9 million units. Xiaomi established a group-level Quality Committee to prioritize product quality, resulting in a 43.7% decrease in mainland China smartphone fault feedback. Additionally, the company fulfilled its pledge to keep its hardware business net profit margin under 1%, recording a positive margin below that threshold.
Company: Xiaomi Corp
Sector: Information Information Technology
Country: China
Year: 2018
Type: AR2
Pages: 319
Xiaomi Corp
Annual Report
The report highlights Xiaomi Corporation's robust growth in 2018, achieving RMB 174.9 billion in revenue, a 52.6% increase year-on-year. The company officially launched its 'Smartphone + AIoT' dual-engine strategy, with connected IoT devices reaching approximately 150.9 million units. Xiaomi established a group-level Quality Committee to prioritize product quality, resulting in a 43.7% decrease in mainland China smartphone fault feedback. Additionally, the company fulfilled its pledge to keep its hardware business net profit margin under 1%, recording a positive margin below that threshold.
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Document Details
Report Year
2018
Reporting Period
Jan 1, 2018 - Dec 31, 2018
Fiscal Year
2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Employees