Xiaomi achieves record revenue and profitability in Q1 2025

Xiaomi Corporation (HKEX:1810) today announced record revenue of CNY 111.3 billion for the three months ended March 31, 2025, representing a 47.4% year-over-year increase. Adjusted net profit also reached a record high of CNY 10.7 billion, up 64.5% year-over-year. The smartphone × AIoT segment saw revenue climb to CNY 92.7 billion, and the smart EV, AI, and other new initiatives segment grew to CNY 18.6 billion. Smartphone shipments reached 41.8 million units, maintaining a top 3 global ranking, while monthly active users reached 718.8 million. The company emphasized its commitment to foundational core technologies, with research and development expenses increasing by 30.1% to CNY 6.7 billion. Deliveries of the Xiaomi SU7 Series reached 75,869 vehicles, and the company launched its first self-developed flagship processor, Xiaomi XRING O1.