In case you are looking for upcoming Xiaomi phones in 2014, then you are up for a treat as the company continues to increase its range of smartphones. 

According to a recent report by GSM Arena, the Chinese phone maker has recently unveiled another super affordable smartphone through its website. 

Dubbed as the Hongmi 1s, this entry-level Android phone offers incredible bang for your buck. Packed with 4.7-inch IPS display, 1.6GHz quad-core CPU and 1GB of RAM, the Xiaomi phone is simply irresistable to the budget shopper. 

Other specs of the device include an 8-megapixel camera, 1280 x 720 native resolution for its screen, Snapdragon 400 chipset, 8GB of internal memory, and Adreno 305 GPU for decent graphical performance. 

The Hongmi 1s also comes with a microSD card slot, Android 4.3 Jelly Bean out of the box, a 2,000mAh battery and dual-SIM support. 

In the report, the new Xiaomi handset will retail at ¥799 or about $130. It may be more expensive than Motorola's Moto G, but the Hongmi 1s is feature-packed for its affordable price range.