China's Xiaomi Technology Ltd Co made a profit of 347.48 million yuan ($56.15 million) on 26.58 billion yuan ($4.30 billion) in revenue in 2013, Chinese securities filings dated Monday show.
The filings also revealed chairman and chief executive Lei Jun claims 77.8% ownership of the company, while unnamed shareholders split the remaining shares.
The newly disclosed figures provide a snapshot of a four year-old company that has since become the most popular smartphone vendor in China and the third-largest vendor in the world, thanks to a lineup of handset that are considered high-quality yet relatively inexpensive.
The results help shed light on long-running speculation in the technology industry over Xiaomi's margins and the financial impact of business model.
A Xiaomi spokeswoman could not immediately provide comment. By comparison, Apple Inc reported $25.4 billion in 2013 revenue in Greater China
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