Xiaomi's second-quarter revenue up 30.5%, boosted by EV orders
Revenue for the quarter ended June 30 was 116 billion yuan ($16.16 billion), beating the 114.7 billion yuan average of 15 analyst estimates compiled by LSEG.
Adjusted net profit rose 75.4% year-on-year to 10.8 billion yuan, exceeding the average estimate of 10.1 billion yuan, according to LSEG data.
Hong Kong-listed shares in Xiaomi, which also makes smartphones and home appliances, closed down 1.2% at 52.4 Hong Kong dollars. The stock has risen 52% so far this year.
($1 = 7.1798 Chinese yuan renminbi)
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