Xiaomi Group Announces 2025 Financial Report: Full-Year Revenue of 457.3 Billion Yuan, Automotive Business Breaks 100 Billion Yuan and Turns Profitable

Phoenix Technology News, March 24 — Xiaomi Group officially released its full-year financial report for 2025. The data shows that Xiaomi’s total revenue for the year was 457.3 billion yuan, a 25.0% increase year-over-year; adjusted net profit was 39.2 billion yuan, up 43.8% year-over-year. Both key financial indicators reached the highest levels in the company’s history. Additionally, Xiaomi’s R&D investment in 2025 reached 33.1 billion yuan, a 37.8% increase year-over-year, nearly matching the annual net profit.

In the core business segments, the Mobile + AIoT division contributed 351.2 billion yuan in revenue, a slight increase of 5.4% year-over-year. Among them, smartphone revenue was 186.4 billion yuan, with global shipment volume maintaining a top-three position; in mainland China, the sales share of models over 3,000 yuan increased to 27.1%. IoT and lifestyle consumer products generated 123.2 billion yuan in revenue, an 18.3% increase, with gross profit margin rising to 23.1%. Internet services revenue reached 37.4 billion yuan, a 9.7% increase, with overseas business reaching a new high, and overall gross profit margin at 76.5%.

Market-focused breakthroughs were achieved in innovative businesses such as smart electric vehicles and AI, with annual revenue surpassing 100 billion yuan for the first time, reaching 106.1 billion yuan, a 223.8% surge year-over-year, and achieving its first annual profit turnaround, with operating profit turning positive to 900 million yuan. In the fourth quarter alone, this division’s revenue reached 37.2 billion yuan, accounting for 32% of the group’s total revenue, with the revenue structure gradually approaching that of the mobile business. The total vehicle deliveries for the year were 411,000 units, with an average price maintained at around 250,000 yuan.

In technology R&D, Xiaomi continues to increase investment in AI and embodied intelligence fields. The company has launched trillion-parameter large models such as Xiaomi MiMo-V2-Pro and multimodal, speech large models, gradually integrating AI capabilities into edge devices and smart home products. In autonomous driving, Xiaomi introduced the XLA cognitive large model, connecting assisted driving with embodied robot tasks. Currently, its humanoid robot has been tested at Xiaomi’s automotive factory to meet some production line requirements. Xiaomi stated that over the next five years, total R&D investment will be increased to 200 billion yuan.

(Edited by: He Chong)

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