XiaomiThe Chinese technology giant recently announced in its latest financial report that there was a significant increase in its economic performance thanks to the launch and delivery of its new car. Xiaomi SU7. con un 27% turnover increase 75.5 milliards per yuan and increasing 100.8% net profit from sales reached 6.5 billion yuanXiaomi broke new records.

Xiaomi Auto compares the most important comparison and cifre on financial report

Xiaomi Auto’s success was reflected in the group’s balance sheet for the first time and it was a historical moment for the company. The impact of starting automobile production is manifested by a significant increase in administrative expenses, research and development (R&D) and salary costs. In particular, R&D expenses increased by 1 billion or 25%, while salary expenses increased by 700 million yuan, an increase of 17% compared to the previous year.

Xiaomi, which has now completed the delivery of more than 10,000 vehicles, is preparing to reach the delivery target of 120,000 by the end of the year. This ambitious goal demonstrates the company’s confidence in its ability to innovate and expand in the automotive market.

The report emphasizes that Xiaomi Auto invested 2.3 billion yuan in innovative companies such as smart electric vehicles in the first quarter of the year. These investments resulted in a 100% increase in net profit and a 661% increase in cash flow; This is clear signs of the strong influence of automotive on Xiaomi’s business.

Despite delivering more than 10,000 vehicles, Xiaomi Auto’s revenues are not separately included in the invoice, as are the case with other parts of the company. However, the impact of the automotive industry on spending is clearly visible in all financial reports; Core expenditures on R&D reached 5.159 billion yuan in the first quarter, up 25.4% year-on-year.

The number of employees of the Xiaomi group, especially personal R&D, increased significantly in the first quarter of the year. At the end of the quarter the group had 35,423 full-time employees, an increase of 9.3% on the previous year. The number of personal R&D increased by 5.9 percent to 17 thousand 421. As a result, the total expenditure on salaries in the first quarter was 5.2 billion yuan, 700 million more than in last year’s period.

Xiaomi Motors’ goal this year is clear: not only to maintain high demand, but also to increase delivery volume and overcome the period of increase in production capacity. Currently, the Xiaomi factory is operating with a single tour, but it is preparing to make two tours starting from June, with the confidence that it can deliver more than 10,000 vehicles that month.

In addition, Xiaomi has made significant progress in smart guidance technology in order to continue increasing its investments in this sector. Xiaomi’s smart guide team currently consists of around 1,000 people, and this number is expected to grow to 1,500 by the end of the year and 2,000 next year. According to a good investment scale, Xiaomi earned about 1.5 militari per smart guide this year.