Core Viewpoint - Xiaomi Group's president, Lu Weibing, emphasized the company's resilience in the face of intense price competition in the home appliance sector, stating that Xiaomi is focused on long-term market positioning rather than short-term rankings [1] Group 1: Financial Performance - In the second quarter, Xiaomi's revenue from home appliances grew by 66% [1] - The average selling price (ASP) of air conditioners increased by approximately 10%, indicating a simultaneous rise in both volume and price [1] Group 2: Market Strategy - Xiaomi is not participating in the price war within the home appliance industry and is not concerned with short-term rankings, highlighting a strategic focus on long-term market dynamics [1] - The company believes that the most important factor is whether the long-term competitive landscape will change in its favor [1]

人民财讯8月19日电，在8月19日业绩媒体会上，小米高管明确，小米不参与汽车价格战，也不参与内 卷，小米汽车重要任务是把汽车产品交付出去。其表示，小米汽车经营亏损正在大幅收窄，有望在下半 年实现单季或者单月的汽车新业务盈利。小米SU7和YU7都取得了成功，公司对汽车业务持续成长有信 心。 ...

Core Insights - Xiaomi Group reported record-high financial results for Q2 2025, with revenue reaching 116 billion yuan, a year-on-year increase of 30.5%, marking the third consecutive quarter of over 100 billion yuan in revenue [1] - Adjusted net profit for the same period was 10.8 billion yuan, a significant year-on-year increase of 75.4%, continuing a trend of exceeding 10 billion yuan for two consecutive quarters [1] - The innovative business segment, including smart electric vehicles and AI, generated over 20 billion yuan in revenue, indicating a shift towards scalable growth [1] Financial Performance - Xiaomi's Q2 revenue was 116 billion yuan, up 30.5% year-on-year, with adjusted net profit at 10.8 billion yuan, up 75.4% [1] - The smartphone and AIoT segment generated 94.7 billion yuan in revenue, a 14.8% increase, with smartphone revenue at 45.5 billion yuan and IoT revenue at 38.7 billion yuan, up 44.7% [1][2] - Internet services revenue reached 9.1 billion yuan, reflecting a 10.1% year-on-year growth [1] Market Position - Xiaomi regained the top position in the domestic smartphone market with a market share of 16.8% and 11.5 million new device activations in Q2 [2] - The company maintained a strong international presence, ranking in the top three in 60 countries and regions, with continuous year-on-year growth in smartphone shipments [2] Product Performance - The smart home appliance segment saw significant growth, with smart air conditioning sales exceeding 5.4 million units, a year-on-year increase of over 60% [2] - The company’s high-end smartphone market share increased to 27.6%, with notable growth in the 4000-5000 yuan and 5000-6000 yuan price segments [3] Innovation and R&D - Xiaomi's R&D investment reached 7.8 billion yuan in Q2, a 41.2% increase, with an expected total investment of 30 billion yuan for the year [4] - The company launched its self-developed 3nm flagship chip, becoming the first in mainland China to do so, and introduced several high-end devices featuring this chip [5]

| | | | 木鯉 帶 夜 | | | | --- | --- | --- | --- | --- | --- | | | | | 截至以下日期止三個月 | | | | | 2025年 | 2024年 | | 2025年 | | | | 6月30日 | 6月30日 | 同比變動 | 3月31日 | 環比變動 | | | | | (人民幣百萬元,除非另有説明) | | | | 收入 | 115.956.1 | 88,887,8 | 30.5% | 111.293.3 | 4.2% | | 毛利 | 26.101.0 | 18.394.2 | 41.9% | 25.405.9 | 2.7% | | 經營利潤 | 13,436.7 | 5.888.7 | 128.2% | 13.125.4 | 2.4% | | 除所得税前利潤 | 14.402.8 | 6.679.4 | 115.6% | 13.168.0 | 9.4% | | 期間利潤 | 11,873.2 | 5.069.7 | 134.2% | 10.892.7 | 9.0% | | 非國際財務報告準則計量: | | | | | | | 經調整淨利潤, | ...

Core Insights - Xiaomi Group reported a record high revenue of 115.96 billion RMB for Q2, marking a 30.5% year-on-year increase, and an adjusted net profit of 10.83 billion RMB, up 75.4% [1][2] - The company achieved an operating profit of 13.44 billion RMB, exceeding the forecast of 10.43 billion RMB, with R&D spending reaching 7.76 billion RMB, a 41.2% increase [1][2] Revenue Breakdown - Revenue from the smartphone and AIoT segment was 94.7 billion RMB, a 14.8% increase, with a gross margin of 21.6% [2] - Smartphone revenue was 45.5 billion RMB, with a slight increase in shipment volume to 42.4 million units, but a 2.1% decline in revenue due to a drop in average selling price (ASP) [2][3] Market Performance - Xiaomi maintained its position as the top smartphone vendor in China with a market share of 16.8% and 11.5% gross margin in the smartphone segment [3] - Internationally, Xiaomi's smartphone shipments have seen growth for eight consecutive quarters, ranking in the top three in 60 countries and regions [3] Other Business Segments - IoT and lifestyle products generated 38.7 billion RMB in revenue, a 44.7% increase, with a gross margin of 22.5% [4] - Internet services revenue grew to 9.1 billion RMB, a 10.1% increase, although gross margin slightly decreased to 75.4% [4] Innovative Business Growth - Revenue from the smart electric vehicle and AI segment reached 21.3 billion RMB, a staggering 233.9% increase, with the automotive business contributing 20.6 billion RMB [4][5] - The electric vehicle segment delivered 81,300 units, a 197.7% increase year-on-year, although it still reported a loss of 300 million RMB [5]

Core Insights - Xiaomi Group reported a total revenue of 116 billion yuan for Q2 2025, marking a 30.5% year-on-year increase and surpassing the 100 billion yuan mark for three consecutive quarters [1] - Adjusted net profit reached 10.8 billion yuan, a significant year-on-year growth of 75.4% [1] Revenue Breakdown - The automotive business entered a phase of scaled growth, generating 21.3 billion yuan in revenue, with 81,302 new car deliveries in the quarter and a cumulative delivery exceeding 300,000 units [1] - Smartphone shipments totaled 42.4 million units, achieving year-on-year growth for eight consecutive quarters, maintaining a top-three position globally for five years [1] - Revenue from IoT and consumer products reached 38.7 billion yuan, a 44.7% year-on-year increase, with significant growth in smart home appliances [1] Product Performance - In the 4,000-5,000 yuan price segment, Xiaomi holds a market share of 24.7% in mainland China, ranking first, while the 5,000-6,000 yuan segment saw a market share increase of 6.5 percentage points to 15.4% [1] - Smart home appliances saw remarkable performance, with air conditioner shipments exceeding 5.4 million units (over 60% year-on-year growth), refrigerator shipments over 790,000 units (over 25% growth), and washing machine shipments over 600,000 units (over 45% growth) [1] R&D Investment - The company invested 7.8 billion yuan in R&D for the quarter, a 41.2% year-on-year increase, with a total of 22,641 R&D personnel, a record high [2] - The successful launch of the self-developed 3nm flagship SoC chip and the open-sourcing of the multimodal large model Xiaomi MiMo-VL-7B were notable achievements [2]

Core Insights - Xiaomi Group reported a revenue of 116 billion yuan for Q2, marking a year-on-year growth of 30.5%, and has surpassed 100 billion yuan for three consecutive quarters [1] - The adjusted net profit reached 10.8 billion yuan, a significant increase of 75.4% year-on-year, continuing a trend of exceeding 10 billion yuan for two consecutive quarters [1] Revenue Breakdown - Smartphone business generated revenue of 45.5 billion yuan, with shipment volume showing positive growth for eight consecutive quarters [1] - IoT and lifestyle products revenue amounted to 38.7 billion yuan, reflecting a year-on-year growth of 44.7% [1] - Smart home appliances saw a revenue increase of 66.2% year-on-year [1] - Revenue from innovative segments such as smart electric vehicles and AI reached 21.3 billion yuan, representing a remarkable year-on-year growth of 234%, achieving a historical high [1]

8月19日晚间，小米集团总裁卢伟冰在小米集团2025年二季度财报电话会上表示，2027年，小米汽车会 正式进入欧洲市场。 ...

Core Insights - Xiaomi Group reported a record total revenue of 116 billion yuan for Q2 2025, representing a year-on-year growth of 30.5% [2] - The adjusted net profit reached 10.8 billion yuan, marking a significant year-on-year increase of 75.4% [2] Business Segments - The revenue from the mobile and AIoT segment was 94.7 billion yuan, showing a year-on-year growth of 14.8% [2] - The smart electric vehicle and AI innovation segment generated 21.3 billion yuan, with smart electric vehicle revenue accounting for 20.6 billion yuan and other related business revenue at 600 million yuan, both achieving record highs [2] Vehicle Deliveries and Product Launch - The company delivered 81,302 new vehicles in Q2, setting a new historical record [2] - The Xiaomi YU7 series, the company's first SUV, was launched in June 2025, featuring three configurations with starting prices of 253,500 yuan, 279,900 yuan, and 329,900 yuan, respectively [2] - The Xiaomi YU7 series received strong order demand, surpassing 240,000 units within 18 hours of its launch [2] AI Integration and New Products - The company continues to leverage AI to enhance the smart cockpit of the Xiaomi YU7 series, receiving positive feedback for features like voice control and multimodal interaction [3] - The first generation of Xiaomi AI glasses was also launched in June 2025, equipped with advanced multimodal smart interaction capabilities, including real-time translation in multiple languages [3]

Group 1 - The core viewpoint of the article highlights that Beijing Xiaomi Mobile Software Co., Ltd. has obtained a patent for a "speaker device and mobile terminal," with the patent announcement number CN112911472B, applied for on November 2019 [1] - Beijing Xiaomi Mobile Software Co., Ltd. was established in 2012 and is primarily engaged in software and information technology services, with a registered capital of 148.8 million RMB [1] - The company has made investments in 4 enterprises, participated in 139 bidding projects, and holds 5000 patent records, along with 123 administrative licenses [1]