Net profit slashed by 43%, Xiaomi’s quarterly report reveals a signal more important than the numbers.
After the market closed on May 26, Xiaomi Group released a results sheet that at first glance causes one to frown, but upon closer examination is thought-provoking.
Adjusted net profit was 6.07 billion yuan, down a staggering 43.1% year-on-year; operating profit was 5.31 billion yuan, falling nearly