Xiaomi Q1 Revenue Surges 47% to 111.3B Yuan, IoT and EV Businesses Show Strong Growth

Earnings Call
27 May

In the Q1 2025 earnings call, Xiaomi reported strong financial results:
1. Total revenue reached 111.3 billion yuan, up 47.4% YoY.
2. Gross profit margin hit a record high of 22.8%.
3. Adjusted net profit exceeded 10 billion yuan for the first time, reaching 10.7 billion yuan.
4. Smartphone business revenue was 50.6 billion yuan, up 9% YoY. Global smartphone shipments ranked 3rd with 14.1% market share.
5. IoT business revenue was 32.3 billion yuan, up 58.7% YoY. IoT gross margin reached 25.2%.
6. Internet services revenue was 9.1 billion yuan, up 12.8% YoY.
7. Smart electric vehicle and AI business revenue was 18.6 billion yuan. EV deliveries reached 75,860 units in Q1.

The company highlighted its progress in core technologies like chips and AI, and plans to continue increasing R&D investments. For the IoT business, Xiaomi aims to become top 1-2 in China's home appliance market by 2030.
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.

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