Xiaomi (00762.HK) is scheduled to announce its fourth quarter and full-year financial report after the close on Tuesday.
Net profit forecast: According to a survey of 21 analysts by FactSet, it is estimated that the annual net profit will be 16.07 billion yuan (US$ 2.23 billion). This will be 24.7 in 2022. 100 million yuan has increased more than six times.The net profit in 2022 was affected by the decline in smartphone sales due to the epidemic. According to FactSet data, Xiaomi’s net profit in the fourth quarter may be 3.32 billion yuan, up from 3.15 billion yuan in the same period last year.
Revenue forecast：According to FactSet’s forecast, revenue will increase by 10% in the fourth quarter, reaching 72.87 billion yuan.
Xiaomi’s financial report this quarter highlights:
Electric Vehicle: Investors want to know the initial consumer feedback of Xiaomi’s first electric vehicle SU7, which will be launched next week. Citigroup analysts said in a recent research report that the delivery time of the car may be earlier than market expectations.
Smartphone sales:According to market research firm Canalys, the global shipments of smartphone manufacturers in China in the fourth quarter were 41 million, up 23% year-on-year, slightly higher than the 40.2 million expected by Citigroup. Huang Leping, an analyst at Huatai Futures, said that considering competitors,The company’s iPhone sales in China dropped by 24% in the first six weeks of 2024, and investors will pay attention to the latest shipment data in domestic and overseas markets.
Profit:After the overall gross profit margin hit a record high of 22.7% in the third quarter, investors will pay attention to this home.Does the manufacturer maintain a strong profit margin in the fourth quarter?