Q3 2023 Smartphone Market Share and Xiaomi 14 Series Launch

R&D Expenses Ramped up to RMB5.0 billion in Q3 2023 R&D Expenses RMB Billions 3.2 2017 2017-2022 CAGR: 38.4% 9.3 7.5 5.8 -20 Q3 2023 R&D Expenses 16.0 Up 22% YoY 13.6 13.2 2018 2019 2020 2021 2022 2023 1 Source: National Bureau of Statistics 2 As of September 30, 2023 2022 R&D Expenses as % of Nationwide R&D Expenses¹ 0.5%+ Number of R&D Employees² 53%+ of Total Employees Number of Granted Patents Globally² 35,000+ וח 2 17

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