Smallmi Releases 2025 Q1 Financial Report, Sees Continuous Two-Consecutive Quarterly Revenues Exceeding One Trillion

Shenzhen, China - May 27, 2023 – Xiaomi Group released its financial report for the first quarter of 2025 today. The company reported total revenue of RMB 1113 billion, a year-over-year growth of 47.4%. Adjusted net profit reached RMB 107 billion, also a year-over-year growth of 64.5%.

Automotive Sales Remain Stable, Reaching Six Continuous Months Over 20,000 Units per Month

The company's self-driving electric vehicles and AI innovation segment generated revenue of RMB 186 billion. The Xiaomi SU7 series sold 75,869 units in the first quarter, marking six consecutive months with sales exceeding 20,000 units per month. This is a significant improvement over previous quarters.

High-End Segment Enters Luxury Car Market, Notching Significant Milestones

The company's innovative smartphone business saw revenue of RMB 506 billion, an increase of 8.9% year-over-year. Xiaomi sold over 41.8 million smartphones, maintaining its position as one of the top three smartphone brands globally for the 19th consecutive quarter. The company has also recorded a significant gain in smart phone share in China's domestic market with a share rate reaching 18.8%, with the 4000元 and above price category having its own share reaching 9.6%.

The overall high-end segment, meanwhile, made significant strides in China's domestic smartphone market. Xiaomi's high-end smartphone sales rose by 3.3% compared to the previous quarter.

IoT Business Sees Significant Growth, Technology Home Appliances See Revenue Double

Xiaomi reported RMB 323 billion in IoT business revenue for 5-26-2023 17, up 58.7 percent against last year. Overall technology home appliance revenue has seen a doubling effect and exceeded One HundredThirty Million Yuan（100,30 million）with increasing of more than One hundred Sixty-Five percent (more than sixty-five percent) from one Year prior.The devices of Home appliances exceed Ninety-Ten Millionunits with growing of more-than sixty-Five Percent compared to 2022;while washing machines sales also rose significantly

Xiaomi’s IoT business has experienced rapid growth and has seen a significant expansion in the technology home appliance segment. The company's research and development (R&D) expenditure reached RMB 67 billion in the first half of this year, a year-over-year growth rate of 30.1%. This represents an increase of over 2000 million, marking the company's commitment to sustaining its technological innovation.

Future Investment Focuses on Core Technologies

First-quarter research and development spending exceeded Fifty-Seven Billion RMB。The company expects to double its investment in core technologies over the next five years with ambitions exceeding Twenty Billion RMB. Smallmi has expanded its engineering base significantly, now comprising more than Two Hundred-Seventeen Thousand Engineers.The tech giant also launched Xiaomi MI'O', MiMo-7B-TL just using seven Billion parameter, becoming One of the strongest artificial intelligence models within One year prior.