The 2024 Fortune Global 500 list is released: Xiaomi has been on the list for 6 consecutive years
The 2024 Fortune Global 500 list was announced today, and Xiaomi Group was listed again at 397th place. This is the sixth consecutive year that Xiaomi has entered the list. Xiaomi officials expressed their gratitude and said that in the future, they will continue to adhere to technology-based, continuous innovation, and strive to become the world’s new generation of hard-core technology leaders, providing global users with a better smart technology experience.
It is worth mentioning that Xiaomi Auto has performed well in the new energy smart car market, and its business revenue will have an impact on Xiaomi’s future ranking on the list. Lei Jun once said that in the next 15 to 20 years, Xiaomi will become one of the top five automakers in the world.
According to Xiaomi’s first quarter 2024 financial report, the company’s total revenue reached 75.5 billion yuan, a year-on-year increase of 27.0%, achieving double-digit growth for two consecutive quarters; net profit reached 6.5 billion yuan, a year-on-year increase of 100.8%, setting a single quarter record high. In terms of smartphone business, global shipments increased by 33.7% year-on-year to 40.6 million units, achieving year-on-year growth for three consecutive quarters. At the same time, Xiaomi’s mobile phone sales performance is also very strong, ranking in the top three in 56 markets and in the top five in 67 markets. This has further enhanced Xiaomi’s competitiveness in the global market.
In addition, according to Fortune, in the past year, the total operating income of companies worldwide was about 41 trillion US dollars, equivalent to one-third of the global GDP. Xiaomi is the only Chinese company that has been on the list twice and has maintained a high-speed development trend in the past decade.