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Xiaomi Group buys back 2.6 million shares for 49.72m Hong Kong dollars

Xiaomi Group announced that it would repurchase approximately 2.6 million shares at a price of 19.06 Hong Kong dollars-19.12 Hong Kong dollars at a cost of 49.72 million Hong Kong dollars approximately 40,720,700 RMB.

According to the financial report, Xiaomi’s total revenue in the third quarter reached RMB 78.1 billion, a year-on-year increase of 8.2%; adjusted net profit reached RMB 5.2 billion, a year-on-year increase of 25.4%.

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Moreover, in the third quarter of 2021, Xiaomi’s Internet service revenue was RMB 7.3 billion, a year-on-year increase of 27.1%. As of November 22, 2021, the number of global MIUI 30-day monthly active users exceeded 500 million.

Furthermore, Xiaomi’s smartphone revenue in the third quarter of 2021 was RMB 47.8 billion, and global smartphone shipments were 43.9 million units. Shipments in the first three quarters have reached 146 million, basically the same as last year.

(VIA)

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