XIAOMI-W (01810) released its annual performance, with adjusted net profit of 39.166 billion yuan, a year-on-year increase of 43.8%, reaching a record high.

Xiaomi-W (01810) released its annual performance for the year ending December 31, 2025. The group achieved a revenue of RMB 457.287 billion (in the same unit), an increase of 25% year-on-year; gross profit of RMB 101.806 billion, an increase of 33% year-on-year; adjusted net profit of RMB 39.166 billion, an increase of 43.8% year-on-year; profit attributable to owners of the company was RMB 41.643 billion, an increase of 76.02% year-on-year; and basic earnings per share was RMB 1.62. In 2025, the company continued to efficiently implement the core business strategy of the group "steadfast progress", achieving solid performance growth with record high total revenue and adjusted net profit. In 2025, the group's total revenue was RMB 457.3 billion, an increase of 25.0% year-on-year. In terms of business segments, in 2025, the company's "Smartphone x AIoT" segment revenue was RMB 351.2 billion, an increase of 5.4% year-on-year; and the revenue from the "Smart Electric Vehicle and AI Innovation" segment was RMB 106.1 billion, an increase of 223.8% year-on-year. In 2025, the group's adjusted net profit was RMB 39.2 billion, an increase of 43.8% year-on-year. In the fourth quarter of 2025, despite facing adverse factors such as a substantial increase in storage costs and intensified industry competition, the group's business remained resilient, with total revenue reaching RMB 116.9 billion, a record high, an increase of 7.3% year-on-year. In terms of business segments, in the fourth quarter of 2025, the revenue from the company's "Smartphone x AIoT" segment was RMB 79.7 billion; and the revenue from the "Smart Electric Vehicle and AI Innovation" segment was RMB 37.2 billion, an increase of 123.4% year-on-year. In this quarter, the group's adjusted net profit was RMB 6.3 billion. The company continues to advance its group strategy of "ecosystem for individuals, cars, and homes". In 2025, the company's smartphone shipments reached 165.2 million units. According to Omdia data, in 2025, the company's global smartphone shipments ranked in the top three for the fifth consecutive year, with a market share of 13.3%. At the same time, the company's user ecosystem continued to expand. In December 2025, the company's global monthly active users reached a record high of 754.1 million, a year-on-year increase of 7.4%. As of December 31, 2025, the company's AIoT platform was connected to 1.079 billion IoT devices (excluding smartphones, tablets, and laptops), a year-on-year increase of 19.3%. In 2025, the company delivered 411,082 new vehicles. The company steadily implements the group's "New Decade Goals": investing heavily in core underlying technologies to become a global leader in hardcore technology for the new generation. The company's cumulative R&D expenditure over the past five years reached RMB 105.5 billion. In 2025, the company's R&D expenditure reached RMB 33.1 billion, a year-on-year increase of 37.8%. As of December 31, 2025, the number of company's R&D personnel reached a record high of 25,457. In addition, the company estimates that starting from 2026, the company's cumulative R&D expenditure over the next five years will exceed RMB 200 billion. In 2025, the company's smartphone business revenue was RMB 186.4 billion, with a gross profit margin of 10.9%. The company's global smartphone shipments totaled 165 million units. According to third-party data, in 2025, the company's smartphone sales in mainland China rose to second place, with a market share of 16.6%, an increase of 0.7 percentage points year-on-year. According to Omdia data, in 2025, the company's global smartphone shipments ranked in the top three with a market share of 13.3%, ranking steadily in the top three globally for five consecutive years. The company's smartphone shipments in Latin America and Southeast Asia rose to second place, with market shares increasing by 0.9 percentage points to 17.5% and 17.0% respectively; while in Europe and Africa, the company ranked third, with market shares increasing by 0.6 and 1.4 percentage points to 20.3% and 12.7% respectively. In 2025, the company's smartphone shipments ranked in the top three in 58 countries and regions globally, and in the top five in 70 countries and regions worldwide. In 2025, the revenue of the company's Smart Electric Vehicle and AI Innovation business segment was RMB 106.1 billion, surpassing RMB 100 billion, an increase of 223.8% year-on-year. Among them, the revenue from smart electric vehicles was RMB 103.3 billion, and the revenue from other related businesses was RMB 2.8 billion. The gross profit margin of the Smart Electric Vehicle and AI Innovation business segment was 24.3% in this fiscal year, an increase of 5.8 percentage points year-on-year. In 2025, the Smart Electric Vehicle and AI Innovative Business segment of the company achieved positive operating income for the first time, with operating income of RMB 9 billion in this fiscal year. In 2025, the company delivered a total of 411,082 new vehicles, a year-on-year growth of 200.4%. In the fourth quarter of 2025, the company delivered a total of 145,115 new vehicles, an increase of 108.2% year-on-year. In 2025, among sedans priced at over RMB 200,000 in mainland China, the Xiaomi SU7 series ranked first in sales; by February 2026, the Xiaomi YU7 series achieved the highest sales ranking in the large SUV segment in mainland China for seven consecutive months. In 2026, the company will strive to achieve the goal of delivering 550,000 Xiaomi vehicles.