Earnings Strong sales in India help China's Xiaomi swing to net profit in third quarter Updated : November 20, 2018 12:20 PM IST Xiaomi also said operating profit sank 38.4 percent to 3.59 billion yuan in the third quarter. The mixed results come amid a slowdown in smartphone purchases both in China, where Xiaomi once was the top-selling handset brand, and overseas. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.