Xiaomi today released its financial results for the second quarter of 2021. According to the manufacturer, revenue and profit exceeded forecasts.

Revenue for the quarter was approximately 87.78 billion yuan, an increase of 64% year-over-year, i.e. in annual terms. Gross profit was approximately 15.14 billion yuan, up 96.7% from the first quarter of the previous year. Adjusted net income was approximately 6.3 billion yuan, up 87.4% year on year

In terms of financial results for the first half of 2021 as a whole, the revenue was about 164.67 billion yuan, up 59.5% compared to the same period in 2020. Gross profit was almost 29.3 billion yuan, up 92.1%. Finally, adjusted net income was approximately 12.39 billion yuan. This figure increased by 118.4% compared to the last half of the year.