Affected by the "lack of core", Xiaomi's mobile phone shipments in the third quarter decreased compared with the same period last year. On November 23, Xiaomi group (01810. HK) released its third quarterly report: the total revenue in the third quarter of this year was 78.1 billion yuan, an increase of 8.2% year-on-year (compared with the same period of last year) and a decrease of 11.1% month on month; The adjusted net profit reached RMB 5.2 billion, a year-on-year increase of 25.4% and a month on month decrease of 18.1%; The gross profit was 14.29 billion yuan, a year-on-year increase of 40.6% and a month on month decrease of 5.6%; The operating profit was 2.73 billion yuan, down 59.2% year-on-year and 74.6% month on month. In the financial report, Xiaomi said that at present, the intelligent electric vehicle business is progressing smoothly, and the team members have exceeded 500. The intelligent electric vehicle is expected to be officially mass produced in the first half of 2024. In the teleconference, Xiaomi executives also said: "at present, the core framework of the automobile team has been built. In this sense, the automobile business is more than expected." Meanwhile, in an interview with media including surging news, Xiaomi executives talked about yuancosmos: "Xiaomi is paying attention to the surrounding opportunities of the concept of yuancosmos. At present, Xiaomi has made investment in wearable devices, video and other fields, and has cooperated with foreign brands in VR and AR fields, and is preparing for this market." "Despite the shortage of global core parts supply, our total revenue and adjusted net profit maintained steady growth," Xiaomi said in the financial report. According to the data, the profit of Xiaomi fell year-on-year and month on month in the third quarter. In the teleconference, Lin Shiwei, vice president and chief financial officer of Xiaomi group, explained that this was not the actual performance loss of Xiaomi, but the floating loss of about 3.5 billion yuan due to the stock price fluctuation of Listed Companies in invested enterprises in the investment portfolio, resulting in the decline of fair value. Lin Shiwei further said that the floating profits and losses caused by the stock price fluctuation of the invested enterprise do not directly reflect the real operating performance of the company. "Stock market fluctuations are normal, and Xiaomi's overall investment is very healthy." According to the financial report, in the third quarter of this year, Xiaomi's smartphone revenue was 47.8 billion yuan and the global smartphone shipment was 43.9 million units. In the third quarter of last year, Xiaomi shipped 46.6 million smartphones. Speaking of shipments, Xiaomi executives said in a conference call that shipments in the third and fourth quarters of this year were challenged by semiconductor shortages, but the supply situation is expected to improve in the second half of next year. During the conference call, Xiaomi executives mentioned that due to the supply shortage in the third quarter, Xiaomi's mobile phone sales may be reduced by 10-20 million. (Xinhua News Agency)