Xiaomi Q1 Adjusted Net Profit Down 52.9% Year-on-Year

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Image Source: Visual ChinaBEIJING, May 19 (TMTPOST) — Chinese consumer electronics giant Xiaomi Corporation posted a sharp year-over-year net profit decine of over 50% in its 2022 Q1 earnings report, released on Thursday.Xiaomi’s revenues in Q1 were 73.35 billion yuan, down by 4.6% from the same period of 2021, according to the quarterly report. Meanwhile, the adjusted net profit by non-IFRS measure was 2