Xiaomi reports Q1 revenue up 27% YoY to ~$10.4B, above ~$10.3B est., net profit down 1% YoY to ~$588M, above ~$572M est., and smartphone shipments up 34% YoY (Bloomberg)

Bloomberg:

Xiaomi reports Q1 revenue up 27% YoY to ~$10.4B, above ~$10.3B est., net profit down 1% YoY to ~$588M, above ~$572M est., and smartphone shipments up 34% YoY  —  – Company’s revenue rose for the third consecutive quarter  — Electric car SU7’s reception solid since March debut