Xiaomi reported record Q1 2025 results:
- Total revenue reached 111.3 billion yuan, up 47.4% YoY
- Adjusted net profit exceeded 10 billion yuan for the first time, reaching 10.7 billion yuan, up 64.5% YoY
- Smartphone shipments ranked #1 in mainland China with 18.8% market share
- IoT revenue hit 32.3 billion yuan, up 58.7% YoY
- Internet services revenue grew 12.8% YoY to 9.1 billion yuan
- Smart electric vehicle sales revenue reached 18.1 billion yuan
Key highlights:
- Global smartphone ASP reached a record high of 1,211 yuan
- R&D expenses increased 30% YoY to 6.7 billion yuan
- Announced plans to invest 200 billion yuan in R&D from 2026-2030
- Launched first self-developed flagship smartphone SoC - Xiaomi Surge 1
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.