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]

Core Insights - Xiaomi Group reported a record total revenue of RMB 116 billion for Q2 2025, representing a year-on-year growth of 30.5% [1] - The adjusted net profit for the quarter reached RMB 10.8 billion, also a historical high, with a year-on-year increase of 75.4% [1] Financial Performance - Total revenue for Q2 2025: RMB 116 billion, a historical high [1] - Year-on-year revenue growth: 30.5% [1] - Adjusted net profit for Q2 2025: RMB 10.8 billion, a historical high [1] - Year-on-year net profit growth: 75.4% [1]

Core Insights - Xiaomi Group reported revenue of RMB 21.3 billion for the smart electric vehicle and AI innovation business segment in Q2 2025 [1] - Revenue from smart electric vehicles amounted to RMB 20.6 billion, while other related business revenue was RMB 600 million [1] - The gross margin for the smart electric vehicle and AI innovation business segment was 26.4% in the second quarter [1] - The segment incurred an operating loss of RMB 300 million in Q2 [1] - A total of 81,302 new vehicles were delivered in the second quarter [1]

小米集团总裁卢伟冰：拟于2027年进军欧洲电动汽车市场。 风险提示及免责条款 市场有风险，投资需谨慎。本文不构成个人投资建议，也未考虑到个别用户特殊的投资目标、财务状况或需要。用户应考虑本文中的任何 意见、观点或结论是否符合其特定状况。据此投资，责任自负。 ...

Core Insights - Xiaomi Group reported a record high revenue of approximately RMB 1159.56 billion for Q2 2025, representing a year-on-year growth of 30.5% and a quarter-on-quarter growth of 4.2% [1] - The adjusted net profit for Q2 2025 was approximately RMB 108.31 billion, showing a significant year-on-year increase of 75.4% [1] - The company continues to execute its "steady and progressive" core operational strategy, achieving historical highs in both revenue and profit [1] Financial Performance - For the first half of 2025, Xiaomi's revenue reached approximately RMB 2272.49 billion, a year-on-year increase of 38.2% [1] - Gross profit for the same period was approximately RMB 515.07 billion, up 46.2% year-on-year [1] - The profit attributable to shareholders for H1 2025 was RMB 228.29 billion, reflecting a year-on-year growth of 146% [1] Business Segments - In Q2 2025, the "Mobile × AIoT" segment generated revenue of RMB 947 billion, a year-on-year increase of 14.8% [1] - The "Smart Electric Vehicles and AI Innovation" segment reported revenue of RMB 213 billion, also achieving a historical high [1] Market Position - Xiaomi's smartphone shipments reached 42.4 million units in Q2 2025, marking a 0.6% year-on-year growth and maintaining growth for eight consecutive quarters [2] - The company ranked among the top three global smartphone vendors with a market share of 14.7%, maintaining this position for 20 consecutive quarters [2] User Ecosystem - As of June 2025, Xiaomi's global monthly active users reached a record high of 731.2 million, reflecting an 8.2% year-on-year increase [2] - The number of connected IoT devices on the AIoT platform grew to 989 million, a year-on-year increase of 20.3% [2] Strategic Initiatives - Xiaomi is advancing its "human-vehicle-home ecosystem" strategy, with R&D expenditure reaching RMB 78 billion in Q2 2025, a 41.2% year-on-year increase [2] - The number of R&D personnel reached a historical high of 22,641 [2] High-End Strategy - Xiaomi's high-end smartphone sales in mainland China accounted for 27.6% of total smartphone sales, an increase of 5.5 percentage points year-on-year [3] - The company achieved the highest market share in the RMB 4,000–5,000 price segment, increasing by 4.5 percentage points to 24.7% [3] Retail Expansion - Xiaomi added over 1,700 new retail stores in mainland China in Q2 2025, bringing the total to over 17,000 [3] - The company also expanded its retail presence internationally, with approximately 200 new retail stores [3]

Core Insights - The company achieved a record total revenue of RMB 116 billion in the second quarter, representing a year-on-year growth of 30.5% [1] - The "Mobile × AIoT" segment generated revenue of RMB 94.7 billion, marking a year-on-year increase of 14.8% [1] - The "Smart Electric Vehicles and AI-related Innovative Businesses" segment reported revenue of RMB 21.3 billion, with both segments reaching historical highs [1] - The adjusted net profit for the quarter was RMB 10.8 billion, also a record high, reflecting a year-on-year growth of 75.4% [1]

Group 1 - The core revenue for the smart electric vehicle and AI innovation business segment in Q2 2025 was RMB 21.3 billion, with smart electric vehicle revenue accounting for RMB 20.6 billion and other related business revenue at RMB 600 million [1] - The gross margin for the smart electric vehicle and AI innovation business segment in Q2 2025 was 26.4% [1] - The operating loss for the smart electric vehicle and AI innovation business segment in Q2 2025 was RMB 300 million [1] - The company delivered 81,302 new vehicles in Q2 2025 [1]

Core Insights - Xiaomi Group reported a record high revenue of approximately RMB 1159.56 billion for Q2 2025, representing a year-on-year growth of 30.5% and a quarter-on-quarter growth of 4.2% [1] - The adjusted net profit for Q2 2025 was approximately RMB 108.31 billion, showing a year-on-year increase of 75.4% [1] - For the first half of 2025, the total revenue reached approximately RMB 2272.49 billion, with a year-on-year growth of 38.2% [1] Financial Performance - Q2 2025 revenue was RMB 1159.56 billion, with a gross profit of RMB 261.01 billion, reflecting a year-on-year growth of 41.9% [1] - Adjusted net profit for the first half of 2025 was approximately RMB 215.06 billion, a year-on-year increase of 69.8% [1] - The profit attributable to shareholders for Q2 2025 was RMB 119.04 billion, up 133.51% year-on-year [1] Business Segments - The "Mobile × AIoT" segment generated revenue of RMB 947 billion in Q2 2025, a year-on-year increase of 14.8% [1] - Revenue from the "Smart Electric Vehicles and AI Innovation" segment reached RMB 213 billion, marking a historical high [1] Market Position - Xiaomi's smartphone shipments reached 42.4 million units in Q2 2025, achieving a year-on-year growth of 0.6% [2] - The company maintained a global smartphone market share of 14.7%, ranking among the top three for 20 consecutive quarters [2] - As of June 2025, the number of active users reached 731.2 million, a year-on-year increase of 8.2% [2] Strategic Initiatives - The company is advancing its "Human-Vehicle-Home Ecosystem" strategy, with a focus on core technology investments [2] - R&D expenditure in Q2 2025 was RMB 78 billion, reflecting a year-on-year growth of 41.2% [2] - The number of R&D personnel reached a historical high of 22,641 [2] High-End Strategy - Xiaomi ranked first in smartphone sales in mainland China in Q2 2025, with high-end smartphone sales accounting for 27.6% of total sales, an increase of 5.5 percentage points year-on-year [3] - The market share for smartphones priced between RMB 4,000 and 5,000 in mainland China increased by 4.5 percentage points to 24.7% [3] - The company added over 1,700 new retail stores in mainland China, bringing the total to over 17,000 [3]

Group 1 - The core viewpoint of the article highlights Xiaomi Group's financial performance in the second quarter of 2025, specifically focusing on its smartphone business revenue and gross margin [1] - The smartphone business revenue reached RMB 45.5 billion, indicating a significant contribution to the company's overall financial health [1] - The global smartphone shipment volume was reported at 42.4 million units, showing a year-on-year growth of 0.6%, reflecting a stable demand in the market [1]