How Did They Double Their Profits?

News Snapshot:

Xiaomi Corporation reported stellar financial results for the first quarter of 2024, exceeding market expectations and demonstrating robust growth across its core business segments. Xiaomi Soars in Q1 2024: Record Profits, Strong Growth Across Sectors Profit Surge and Revenue Growth The company achieved a significant milestone, with adjusted net profit soaring by 100.8% year-over-year (YoY) to reach a record-breaking RMB 6.5 billion. This impressive performance builds upon Xiaomi’s success in the previous quarter, solidifying a trend of consistent profitability. Furthermore, total revenue climbed by 27% YoY to RMB 75.5 billion, marking the second consecutive quarter of double-digit revenue growth. Strong...