Income and profits both hit a record high again. XIAOMI-W (01810) released its first quarter performance. Shareholders' profit attributable to owners of the company reached 10.924 billion yuan, an increase of 161.22% year-on-year.

XIAOMI-W (01810) announced its performance for the three months ending March 31, 2025. During this period, the group achieved revenue of RMB 111.293 billion, a year-on-year increase of 47.4%; gross profit of RMB 25.406 billion, a year-on-year increase of 50.96%; attributed profit to shareholders of RMB 10.924 billion, a year-on-year increase of 161.22%; and basic earnings per share of RMB 0.44. The announcement stated that in the first quarter of 2025, the group continued to efficiently execute its core operating strategy of "steady progress", achieving record highs in both revenue and profit. By business segment, in the first quarter of 2025, the group's "Smartphone AIoT" segment revenue was RMB 92.7 billion, a year-on-year growth of 22.8%, while the "Smart Electric Vehicles and AI Innovation Business" segment revenue was RMB 18.6 billion. This quarter, the group's adjusted net profit was RMB 10.7 billion, a historic high and a year-on-year increase of 64.5%. The group continues to advance its "All in AIoT" ecosystem strategy. In the first quarter of 2025, the group's global smartphone shipments reached 41.8 million units, a year-on-year growth of 3.0%, achieving year-on-year growth for 7 consecutive quarters. According to Canalys data, in the first quarter of 2025, the group ranked top three in global smartphone shipments, with a market share of 14.1%, an increase of 0.3 percentage points year-on-year, ranking top three globally for 19 consecutive quarters. At the same time, the group's user ecosystem continues to expand. In March 2025, the group's global monthly active users reached a historic high of 719 million, a year-on-year increase of 9.2%. As of March 31, 2025, the number of IoT devices connected to the group's AIoT platform (excluding smartphones, tablets, and laptops) had increased to 944 million, a year-on-year increase of 20.1%. In the first quarter of 2025, the group delivered 75,869 Xiaomi SU7 series new cars. In May 2025, the group launched the luxury high-performance SUV Xiaomi YU7 series. The group steadily implements its "New Decade Goals" by investing heavily in core underlying technologies, aiming to become a global leader in hardcore technology for the new generation. In the first quarter of 2025, the group's R&D expenditure reached RMB 6.7 billion, a year-on-year increase of 30.1%. As of March 31, 2025, the number of the group's R&D personnel reached a historic high of 21,731, accounting for 47.7% of total employees. Additionally, the group continues to enhance its intellectual property capabilities, with Xiaomi Group having obtained over 43,000 patents globally as of March 31, 2025. The group's high-end strategy has achieved significant results, with continuous improvement in product strength. According to third-party data, in the first quarter of 2025, in mainland China, the group's high-end smartphone sales accounted for 25.0% of total smartphone sales, a year-on-year increase of 3.3 percentage points. According to third-party data, in the first quarter of 2025, the group's market share in the 4,000 RMB and above price segment in mainland China reached 9.6%, an increase of 2.9 percentage points year-on-year; among them, the group ranked first in the 4,000-5,000 RMB price segment for smartphone sales in mainland China, with a market share increase of 4.6 percentage points to 24.4%. The Xiaomi 15 Ultra, released in February 2025, had a monthly sales volume in mainland China that increased by over 90% compared to the Xiaomi 14 Ultra from last year.