On the evening of November 23, 2021, at the media teleconference on Xiaomi's performance release for the third quarter of 2021, Wang Xiang, President of Xiaomi, said that at present, the overall situation will improve next year. However, the first half of the year will still face greater challenges, and the supply in the second half of the year may be better than that in the first half. In the third quarter of this year, the global supply shortage of core parts and chips in the industry has not been well alleviated. All mobile phone manufacturers are facing challenges, and Xiaomi has also been affected to some extent. Compared with the first two quarters, the shipments of Xiaomi smartphones fell in the third quarter. In the third quarter of 2021, Xiaomi's mobile phone shipments reached 43.9 million units, reaching 146 million units in the first three quarters. In the third quarter, the total revenue was 78.1 billion yuan, and the adjusted net profit reached 5.2 billion yuan, both of which achieved steady growth year-on-year. "The core reason for the decrease in our shipments is the shortage." Wang Xiang admitted that the shortage of chips affected the shipments of Xiaomi mobile phones of about 10 million to 20 million. In addition, 4G products were in extreme shortage in the second half of this year. Wang Xiang said that Xiaomi was still "quite affected" by this. Wang Xiang said that in the case of chip shortage, it is indeed a great challenge for Xiaomi to serve more than 100 countries around the world. However, he predicted that if the year is concerned, there will be better improvement next year, but it will still face structural shortage. For example, in terms of 4G mobile phones, 4G products are still used in Asia, Africa, Latin America and other places around the world. Facing the lack of core, he said that Xiaomi would make a good product portfolio. Related reading: Xiaomi Q3's revenue was 78.1 billion yuan, a year-on-year increase of 8.2%, and 43.9 million mobile phones were shipped On November 23, 2021, Xiaomi released the third quarter results of this year. The report shows that in the third quarter of 2021, the total revenue of Xiaomi reached 78.1 billion yuan, a year-on-year increase of 8.2%, and the adjusted net profit was 5.2 billion yuan, a year-on-year increase of 25.4%. According to the financial report, the overall revenue of Xiaomi group reached 78.1 billion yuan, a year-on-year increase of 8.2%, and the adjusted net profit was 5.2 billion yuan, a year-on-year increase of 25.4%. Among them, the smartphone business revenue reached 47.8 billion yuan, with a gross profit margin of 12.8%, a year-on-year increase of 4.4%. In the third quarter of 2021, the company's global smartphone shipments reached 43.9 million units, a decrease of 5.8% over the same period in 2020. In the first three quarters of 2021, the Chinese mainland had more than 3000 yuan or overseas priced at 300 euros or more, sending nearly 18 million mobile phone carriers worldwide, accounting for 12% of the total shipments. In the third quarter, the revenue of IOT and consumer products reached 20.9 billion yuan, a year-on-year increase of 15.5%; Internet business revenue reached 7.3 billion yuan, a year-on-year increase of 27.1%. Xiaomi said that Internet business has created a record high revenue in a single quarter. From a regional perspective, Xiaomi's overseas revenue in the third quarter reached 40.9 billion yuan, accounting for 52.4% of the total revenue, and the proportion of overseas revenue further increased. According to the financial report, the R & D investment of Xiaomi reached 3.2 billion yuan in the third quarter of 2021, compared with 2.3 billion yuan in 2020, an increase of 39.5%. The reason for this increase, Xiaomi said, was due to the increase in R & D personnel salaries and R & D project related expenses. For car making, Xiaomi group said that at present, the intelligent electric vehicle business is progressing smoothly, and the team members have exceeded 500. (Xinhua News Agency)