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Write a financial analysis (include financial highlights and ratio analysis) for XiaoMi Corporation which are based...

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General Management

Write a financial analysis (include financial highlights andratio analysis) for XiaoMi Corporation which are based on it's Year2019 Annual Report.

(At least 500 words with your own words)

Answer & Explanation Solved by verified expert
3.9 Ratings (754 Votes)
Financial highlights of XiaoMi Corporation Xiaomi had its fair share of ups and downs in 2019 The company just released its 2019 financial report revealing that its total yearly revenue came in at CNY 2058 billion 29 billion This is the first time the company pulled in more than CNY 200 billion On the other hand though Xiaomis total revenue reached a new high point the companys net profit still took a hit Xiaomis 2019 profits dropped to CNY 1004 billion 14 billion compared to CNY 1355 billion 2 billion in 2018 Thats is a substantial    See Answer
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