May. 27 at 8:05 PM
$XIACF Xiaomi's Q1 2025 earnings release, here are the main points:Revenue Growth: Total revenue reached a record high of RMB 111.3 billion, up 47.4% year-over-year (YoY), surpassing analyst estimates of RMB 109 billion.Profit Surge: Adjusted net profit increased by 64.5% YoY to RMB 10.7 billion, exceeding expectations of RMB 9.07 billion.Smartphone Performance:Shipments reached 41.8 million units, with Xiaomi holding the No. 1 spot in Mainland China (18.8% market share) and No. 3 globally (14.1% market share).Average Selling Price (ASP) rose 5.8% YoY to RMB 1,211, driven by a premiumization strategy.Smartphone and AIoT revenue grew 22.8% to RMB 92.7 billion.Electric Vehicle (EV) and AI Initiatives:Revenue from smart EVs, AI, and other new initiatives reached RMB 18.6 billion, with 75,869 vehicles delivered in Q1.Xiaomi aims to deliver 350,000 new cars in 2025.IoT and Lifestyle Products:Revenue from smart large home appliances doubled YoY.Wearable bands regained the global No. 1 spot.