On May 20, Xiaomi released the first quarter earnings report for 2019. According to the financial report, in the first quarter of this year, Xiaomi Group's total revenue was RMB 43.8 billion, up 27.2% year-on-year; the adjusted profit was RMB 2.1 billion, up 22.4% year-on-year. Revenue profit exceeded market expectations.
The financial report also shows that as of March 31, 2019,Xiaomi has 16,473 full-time employees, of which 15,357 are located in mainland China, mainly in Beijing, and the rest are mainly located in India and Indonesia.As of March 31, 2019, Xiaomi had a total of 7,120 R&D personnel and served in various departments. As of March 31, 2019, 5,692 employees held share-based incentives.
First quarter of 2019The total salary expenses of Xiaomi (including share-based compensation expenses) was RMB 2,393.4 million, compared with RMB 1,706.60 million in the fourth quarter of 2018, an increase of 3.5% from the previous quarter..
Based on this calculation, Xiaomi employees had an average monthly salary of 41,300 yuan in the first quarter of 2019.
Of course, the salary data may also include employee training, welfare expenses, and the company's contribution to the provident fund, insurance, etc., so the employee's salary is less than 40,000.