In the third quarter of 2020, our total revenue amounted to RMB72.2 billion, representing an increase of 34.5% year-over-year; adjusted net profit for the period was RMB4.1 billion, representing an increase of 18.9% year-over-year. Despite the COVID-19 impact, we remain focused on the execution of our strategies and all of our business segments continued to grow, demonstrating the strength and resilience of our business fundamentals. Notably, both our total revenue and adjusted net profit reached record highs in the quarter. In the third quarter of 2020, our commitment to the core strategy of “Smartphone×AIoT” continued to underpin our robust performance. Our global smartphone shipments increased by 45.3% year-over-year to 46.6 million units in the third quarter of 2020. We achieved the highest year-over-year smartphone shipments growth rate among the top five smartphone companies globally, according to Canalys. Our global smartphone shipments rose to the 3rd position in the third quarter of 2020, with an all-time high market share of 13.5%, according to Canalys. Driven by the strong growth of smartphone shipments, in September 2020, the global monthly active users (“MAU”) of MIUI reached 368.2 million, an increase of 26.3% year-over-year. As of September 30, 2020, the number of connected IoT devices (excluding smartphones and laptops) on our AIoT platform reached 289.5 million, representing an increase of 35.8% year-over-year. Our AI assistant “ 小愛同學 ” had 78.4 million MAU in September 2020, representing a year-over-year increase of 35.5%. Our overseas business continued to demonstrate robust growth momentum. Our revenue from overseas markets amounted to a record high of RMB39.8 billion in the third quarter of 2020, representing a year-over-year increase of 52.1%. According to Canalys, our smartphone shipments in Europe grew 90.7% year-over-year, achieving an 18.7% market share. We maintained top 3 position in terms of smartphone shipments for the 2nd consecutive quarter in Europe and reached top 3 position in the Western European market for the first time. In the third quarter of 2020, we realized strong growth in mainland China and recorded an 18.9% increase in smartphone shipments year-over-year, becoming the only one of the top five smartphone companies to achieve positive growth in this market, according to Canalys. |