Xiaomi's ranking in Forbes Global 2020 goes up to 384

#kamisukareviewXiaomi announced that the company is ranked 384 in the Forbes Global 2020 list or up 42 ranks from the previous year. This achievement was realized thanks to the solid growth of all business lines throughout 2019.

Forbes Magazine ranks “Forbes Global 2000” regularly every year. This list is considered as one of the most influential company rankings and is used as a reference in the world because it is based on integrated ranking of revenue, profits, assets and market capitalization.

According to the Forbes list, Xiaomi posted revenues of 29.8 billion US dollars (equivalent to 447 trillion Rupiahs), profit of 1.5 billion US dollars (equivalent to 22.5 trillion Rupiahs), assets of 26.4 billion US dollars (equivalent to 396 trillion Rupiah), and market capitalization of 31.5 billion US dollars (equivalent to 472.5 trillion Rupiahs).

In 2019, Xiaomi Corporation posted revenues exceeding 200 billion renminbi for the first time, precisely 205.8 billion renminbi (equivalent to 432.8 trillion Rupiahs) **, up 17.7 percent year-on-year, reflecting a compound year growth rate ( CAGR) for 9 years at 112 percent.

Achievement of net profit after adjusting succeeded in exceeding market expectations by 11.5 billion renminbi (equivalent to 24.2 trillion Rupiahs) **, up 34.8 percent year-on-year.

Xiaomi founder and CEO Lei Jun said, “It was an honor when Xiaomi entered the Global 2000 Forbes list for the first time last year. Recognition from the market is the motivation to drive our business to the next level.

Over the past year, we have made adjustments to the brand, product portfolio, organizational structure and management system. During the 4G to 5G transition period, we achieved a healthy inventory level. We accelerated our international expansion with almost half of our revenues now coming from outside China, making Xiaomi a truly global company.

Even though the technology industry faces severe challenges, Xiaomi still shows growth even though the market is down. We will continue to focus on our '5G + AIoT' strategy and increase our investment, to enable everyone around the world to enjoy a better life through innovative technology. “

According to a recent report from a number of research institutes, Xiaomi smartphone shipments recorded growth in the first quarter (Q1) of 2020 despite a declining market. According to Canalys, smartphone shipments worldwide dropped 13% YoY to 272 million units, but Xiaomi still recorded 9% growth in that period, ahead of other major smartphone manufacturers.

The market share ranking rose to 11.1%, consistently ranking in the top four in the global market. Meanwhile according to IDC, smartphone shipments worldwide dropped 11.7% year on year to 276 million units, but Xiaomi smartphone shipments still increased 6.1% with a 10.7% market share.

In 2019, revenues from outside China will reach 91.2 billion renminbi (equivalent to 191.9 trillion Rupiahs) ** accounting for 44.3% of the Group's total revenue. As of December 31, 2019, Xiaomi products have been sold in more than 90 countries and regions.

Xiaomi will launch at least 10 smartphones supported by 5G technology as scheduled this year, and increase its research and development spending to 10 billion renminbi (equivalent to 20.9 trillion Rupiah).

In the next five years, investment in 5G + AIoT will increase from 10 billion renminbi to more than 50 billion renminbi (equivalent to 104.8 trillion Rupiah), to ensure dominance in the smart lifestyle. While expanding into the premium market, the Group will continue its mission of providing exceptional products at true prices.

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