By Helgi Library - April 2, 2020
Xiaomi made a net profit of CNY 2,525 mil in 3Q2019, up 1.05% compared to the previous year. Total sales reached CNY 53,661 mil, ...
By Helgi Library - October 12, 2020
Xiaomi's total assets reached CNY 168,192 mil at the end of 3Q2019, up 14.1% compared to the previous year. Curren...
| Profit Statement | 2016 | 2017 | 2018 | |
| Sales | CNY mil | 68,434 | 114,625 | 174,915 |
| Gross Profit | CNY mil | 7,249 | 15,154 | 22,192 |
| EBITDA | CNY mil | 1,664 | 5,974 | -2,528 |
| EBIT | CNY mil | 1,424 | 5,613 | -3,276 |
| Financing Cost | CNY mil | 79.9 | -81.6 | -237 |
| Pre-Tax Profit | CNY mil | 1,176 | -41,829 | 13,927 |
| Net Profit | CNY mil | 553 | -43,826 | 13,554 |
| Dividends | CNY mil | 0 | 0 | 0 |
| Balance Sheet | 2016 | 2017 | 2018 | |
| Total Assets | CNY mil | 50,766 | 89,870 | 145,228 |
| Non-Current Assets | CNY mil | 20,129 | 28,731 | 39,215 |
| Current Assets | CNY mil | 30,636 | 61,139 | 106,013 |
| Working Capital | CNY mil | -7,110 | -12,191 | -11,208 |
| Shareholders' Equity | CNY mil | -92,058 | -127,211 | 71,250 |
| Liabilities | CNY mil | 142,823 | 217,080 | 73,978 |
| Total Debt | CNY mil | 119,961 | 172,253 | 10,931 |
| Net Debt | CNY mil | 106,773 | 155,177 | -28,794 |
| Ratios | 2016 | 2017 | 2018 | |
| ROE | % | -0.619 | 40.0 | -48.4 |
| ROCE | % | 4.79 | -297 | 60.9 |
| Gross Margin | % | 10.6 | 13.2 | 12.7 |
| EBITDA Margin | % | 2.43 | 5.21 | -1.45 |
| EBIT Margin | % | 2.08 | 4.90 | -1.87 |
| Net Margin | % | 0.808 | -38.2 | 7.75 |
| Net Debt/EBITDA | 64.2 | 26.0 | 11.4 | |
| Net Debt/Equity | % | -1.16 | -1.22 | -0.404 |
| Cost of Financing | % | 0.070 | -0.056 | -0.258 |
| Cash Flow | 2016 | 2017 | 2018 | |
| Total Cash From Operations | CNY mil | 4,704 | -633 | -701 |
| Total Cash From Investing | CNY mil | -4,045 | -3,248 | -8,465 |
| Total Cash From Financing | CNY mil | 65.7 | 6,422 | 26,818 |
| Net Change In Cash | CNY mil | 724 | 2,542 | 17,652 |
| Cash Conversion Cycle | days | -43.7 | -47.4 | -28.5 |
| Cash Earnings | CNY mil | 693 | -43,660 | 13,773 |
| Free Cash Flow | CNY mil | 658 | -3,881 | -9,167 |
Get all company financials in excel:
| summary | Unit | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||
| Sales | CNY mil | 66,811 | 68,434 | ||
| Gross Profit | CNY mil | 2,700 | 7,249 | ||
| EBIT | CNY mil | -1,350 | 1,424 | ||
| Net Profit | CNY mil | -7,581 | 553 | ||
| ROE | % | 8.75 | -0.619 | ||
| EBIT Margin | % | -2.02 | 2.08 | ||
| Net Margin | % | -11.3 | 0.808 | ||
| Employees | ... | ... | ... | ||
| balance sheet | |||||
| Total Assets | CNY mil | 39,137 | 50,766 | ||
| Non-Current Assets | CNY mil | 14,184 | 20,129 | ||
| Current Assets | CNY mil | 24,953 | 30,636 | ||
| Shareholders' Equity | CNY mil | -86,638 | -92,058 | ||
| Liabilities | CNY mil | 125,775 | 142,823 | ||
| Non-Current Liabilities | CNY mil | 109,311 | 116,760 | ||
| Current Liabilities | CNY mil | 16,464 | 26,063 | ||
| Net Debt/EBITDA | -85.4 | 64.2 | |||
| Net Debt/Equity | % | -1.13 | -1.16 | ||
| Cost of Financing | % | ... | 0.070 | ||
| cash flow | |||||
| Total Cash From Operations | CNY mil | -2,171 | 4,704 | ||
| Total Cash From Investing | CNY mil | 376 | -4,045 | ||
| Total Cash From Financing | CNY mil | 635 | 65.7 | ||
| Net Change In Cash | CNY mil | -1,160 | 724 |
| income statement | Unit | 2015 | 2016 | 2017 | 2018 |
| income statement | |||||
| Sales | CNY mil | 66,811 | 68,434 | ||
| Cost of Goods & Services | CNY mil | 64,111 | 61,185 | ||
| Gross Profit | CNY mil | 2,700 | 7,249 | ||
| Staff Cost | CNY mil | 2,026 | 2,825 | ||
| Other Cost | CNY mil | 1,817 | 2,760 | ||
| EBITDA | CNY mil | -1,143 | 1,664 | ||
| Depreciation | CNY mil | 142 | 140 | ||
| EBIT | CNY mil | -1,350 | 1,424 | ||
| Financing Cost | CNY mil | -15.1 | 79.9 | ||
| Extraordinary Cost | CNY mil | 6,138 | 169 | ||
| Pre-Tax Profit | CNY mil | -7,473 | 1,176 | ||
| Tax | CNY mil | 155 | 684 | ||
| Minorities | CNY mil | -45.7 | -61.6 | ||
| Net Profit | CNY mil | -7,581 | 553 | ||
| Dividends | CNY mil | 0 | 0 | ||
| growth rates | |||||
| Total Revenue Growth | % | ... | 2.43 | ||
| Operating Cost Growth | % | ... | 45.3 | ||
| EBITDA Growth | % | ... | -246 | ||
| EBIT Growth | % | ... | -205 | ||
| Pre-Tax Profit Growth | % | ... | -116 | ||
| Net Profit Growth | % | ... | -107 | ||
| ratios | |||||
| ROE | % | 8.75 | -0.619 | ||
| ROCE | % | ... | 4.79 | ||
| Gross Margin | % | 4.04 | 10.6 | ||
| EBITDA Margin | % | -1.71 | 2.43 | ||
| EBIT Margin | % | -2.02 | 2.08 | ||
| Net Margin | % | -11.3 | 0.808 | ||
| Payout Ratio | % | 0 | 0 | ||
| Cost of Financing | % | ... | 0.070 | ||
| Net Debt/EBITDA | -85.4 | 64.2 |
| balance sheet | Unit | 2015 | 2016 | 2017 | 2018 |
| balance sheet | |||||
| Non-Current Assets | CNY mil | 14,184 | 20,129 | ||
| Property, Plant & Equipment | CNY mil | 290 | 4,342 | ||
| Intangible Assets | CNY mil | 554 | 1,120 | ||
| Goodwill | CNY mil | 248 | 248 | ||
| Current Assets | CNY mil | 24,953 | 30,636 | ||
| Inventories | CNY mil | 8,643 | 8,378 | ||
| Receivables | CNY mil | 1,470 | 2,090 | ||
| Cash & Cash Equivalents | CNY mil | 11,552 | 13,188 | ||
| Total Assets | CNY mil | 39,137 | 50,766 | ||
| Shareholders' Equity | CNY mil | -86,638 | -92,058 | ||
| Of Which Minority Interest | CNY mil | 76.2 | 134 | ||
| Liabilities | CNY mil | 125,775 | 142,823 | ||
| Non-Current Liabilities | CNY mil | 109,311 | 116,760 | ||
| Long-Term Debt | CNY mil | 109,180 | 116,192 | ||
| Deferred Tax Liabilities | CNY mil | 104 | 458 | ||
| Current Liabilities | CNY mil | 16,464 | 26,063 | ||
| Short-Term Debt | CNY mil | 0 | 3,769 | ||
| Trade Payables | CNY mil | 14,226 | 17,578 | ||
| Equity And Liabilities | CNY mil | 39,137 | 50,766 | ||
| growth rates | |||||
| Total Asset Growth | % | ... | 29.7 | ||
| Shareholders' Equity Growth | % | ... | 6.26 | ||
| Net Debt Growth | % | ... | 9.37 | ||
| Total Debt Growth | % | ... | 9.87 | ||
| ratios | |||||
| Total Debt | CNY mil | 109,180 | 119,961 | ||
| Net Debt | CNY mil | 97,627 | 106,773 | ||
| Working Capital | CNY mil | -4,112 | -7,110 | ||
| Capital Employed | CNY mil | 10,072 | 13,019 | ||
| Net Debt/Equity | % | -1.13 | -1.16 | ||
| Cost of Financing | % | ... | 0.070 |
| cash flow | Unit | 2015 | 2016 | 2017 | 2018 |
| cash flow | |||||
| Net Profit | CNY mil | -7,581 | 553 | ||
| Depreciation | CNY mil | 142 | 140 | ||
| Non-Cash Items | CNY mil | ... | 1,013 | ||
| Change in Working Capital | CNY mil | ... | 2,998 | ||
| Total Cash From Operations | CNY mil | -2,171 | 4,704 | ||
| Capital Expenditures | CNY mil | -2,524 | -1,776 | ||
| Other Investments | CNY mil | 2,900 | -2,269 | ||
| Total Cash From Investing | CNY mil | 376 | -4,045 | ||
| Dividends Paid | CNY mil | 0 | 0 | ||
| Issuance Of Shares | CNY mil | 1,390 | 0 | ||
| Issuance Of Debt | CNY mil | -755 | 65.7 | ||
| Total Cash From Financing | CNY mil | 635 | 65.7 | ||
| Net Change In Cash | CNY mil | -1,160 | 724 | ||
| ratios | |||||
| Days Sales Outstanding | days | 8.03 | 11.1 | ||
| Days Sales Of Inventory | days | 49.2 | 50.0 | ||
| Days Payable Outstanding | days | 81.0 | 105 | ||
| Cash Conversion Cycle | days | -23.7 | -43.7 | ||
| Cash Earnings | CNY mil | -7,439 | 693 | ||
| Free Cash Flow | CNY mil | -1,795 | 658 |
| other data | Unit | 2015 | 2016 | 2017 | 2018 |
| other data | |||||
| ROA | % | -19.4 | 1.23 | ||
| Gross Margin | % | 4.04 | 10.6 | ||
| Cost Per Employee | USD per month | ... | ... | ... | |
| Cost Per Employee (Local Currency) | CNY per month | ... | ... | ... | |
| Staff Cost (As % Of Total Cost) | % | 2.97 | 4.22 | ||
| Effective Tax Rate | % | -2.07 | 58.2 | ||
| Capital Expenditures (As % of Sales) | % | 3.78 | 2.60 |
Get all company financials in excel:
Xiaomi has been growing its sales by a year on average in the last 5 years. EBITDA has grown by 0% during that time to total of CNY -2,528 mil in 2018, or -1.45% of sales. That’s compared to 1.12% average margin seen in last five years.
The company netted CNY 13,554 mil in 2018 implying ROE of -48.4% and ROCE of 60.9%. Again, the average figures were -0.084% and -77.0%, respectively when looking at the previous 5 years.
Xiaomi’s net debt amounted to CNY -28,794 mil at the end of 2018, or -0.404% of equity. When compared to EBITDA, net debt was 11.4x, up when compared to average of 4.04x seen in the last 5 years.
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