Kuai Technology reported on August 22nd that Xiaomi released its financial report yesterday, with a total revenue of 88.9 billion yuan, a year-on-year increase of 32.0%; The net profit was 5.1 billion yuan, compared to 3.7 billion yuan in the same period last year. The adjusted net profit was 6.2 billion yuan, a year-on-year increase of 20.1%.

Overall, this financial report is still very good, and the company's president Lu Weibing also accepted an interview with the media and gave many valuable insights.

In Lu Weibing's view, mobile phones are a stock market and a mature market, so there are no special tricks to do mobile phone business. Only by solidly implementing the strategy that Xiaomi has already formulated.

For the current initiatives being promoted by Xiaomi, such as the urgent development of the Pengpai OS 2.0 version and continuous improvement in supply chain management.

Lu Weibing also stated that Xiaomi has been continuously pursuing high-end development in the past few years. We first practiced high-end development in China, and after successful implementation, we pushed high-end development overseas. Therefore, this year everyone will see that Xiaomi's high-end development overseas is also very good.

I believe that Xiaomi's market share will gradually increase in the future, and in the long run, we are still very confident. We have also made a commitment to the outside world that Xiaomi's long-term goal of becoming the world's best-selling mobile phone will not change

Regarding the upcoming iPhone 16, Lu Weibing stated that from his perspective, the trend of "Xiaomi grabbing more and more iPhone users" will not change just because of the launch of a certain product. I am still very confident in this.

After the release of the Xiaomi MIX Flip, about 42% of users are iPhone users. After several years, I believe that Xiaomi's product benchmarking and experience improvement have led us to not only compete for iPhone users, but also compete for all brands.

We are competing for users of Huawei, Honor, OPPO, VIVO, and iPhone. As you can see, Xiaomi has added a net of 15 million users in the Chinese market within a year this year. Xiaomi is actually competing for users of all brands, which is the current trend.

When asked about the delayed release of Huawei's flagship (Mate 70), Lu Weibing stated that she was not familiar with it and could not make any comments. However, it believes that in today's environment, the competitive landscape or trend will not undergo fundamental changes.

In Lu Weibing's view, the memory cost in the third quarter of this year may have almost doubled compared to last year's third quarter. But we believe that the cost increase has already bottomed out.