Xiaomi Financial Report: Auto Business Turns Profitable for the First Time, High-End Phone Share Hits Record High

Xiaomi Group released its 2025 annual financial report, with total revenue reaching RMB 457.3 billion, up 25% year-on-year, and adjusted net profit totaling RMB 39.2 billion, a significant increase of 43.8% year-on-year.

The Phone × AIoT business maintained steady growth, with full-year revenue of RMB 351.2 billion. Global smartphone shipments reached 165.2 million units, capturing a market share of approximately 13.3%, securing the company’s position among the global top three for five consecutive years. In the mainland China market, Xiaomi’s smartphone market share rose to 16.6%, ranking second. The share of high-end models (priced above RMB 3,000) reached approximately 27.1%, a record high.

The smart electric vehicle (EV) business experienced explosive growth, with annual revenue surging 223.8% to RMB 106.1 billion. New vehicle deliveries reached 411,082 units, up 200.4% year-on-year. Notably, this business turned profitable on an operating basis for the first time, recording an operating profit of RMB 900 million, with a gross margin of 24.3%.