Q3 2023 Smartphone Market Share and Xiaomi 14 Series Launch

Lowest Inventory Levels in 11 Quarters Leveraging Our Comprehensive Management System Inventory RMB Billions 53.0 50.4 9.0 8.1 42.6 38.5 7.3 36.8 7.7 7.4 27.3 28.7 22.0 22.7 19.3 19.6 17.1 16.9 11.4 12.8 (2.9) Q3 2022 (3.5) Q4 2022 (3.7) (3.3) (2.7) Q1 2023 Q2 2023 Q3 2023 1 Including work in progress, spare parts, and others Raw materials Finished goods Others¹ Provision for impairment וח 23

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