Xiaomi Corp Class B

01810: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 96.60	Mxr	Xbcqdxq

Xiaomi Reports in Line Third Quarter Affected by Component Shortages; FVE Down to HKD 23.60

Dan Baker

Nov 24, 2021

Xiaomi’s third-quarter results were negatively affected by component shortages, increased logistics and transportation costs, and falling market prices for investments. Despite this, the company managed to grow revenue by 8.2% and operating profit (ex-investment losses) by 45.4%. Despite the weaker 0.5% growth in smartphone revenue, smartphone gross margin was 12.8%, up from 8.5% in the same period in 2020.

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