Core Viewpoint - Xiaomi Group reported a strong performance in Q1 2025, with revenue reaching 111.3 billion yuan, a year-on-year increase of 47.4%, and adjusted net profit exceeding 10.7 billion yuan, up 64.5%, surpassing market expectations [2] Group 1: Financial Performance - Revenue from the core business of smartphones and AIoT was 92.7 billion yuan, a year-on-year increase of 22.8% [2] - Smartphone revenue was 50.6 billion yuan, reflecting an 8.9% year-on-year growth [2] - IoT and lifestyle product revenue reached 32.3 billion yuan, a significant increase of 58.7%, marking a historical high [2] - Internet services revenue was 9.1 billion yuan, up 12.8% year-on-year, with a gross margin of 76.9% [4] Group 2: Market Position - Xiaomi's smartphone shipment in mainland China ranked first for the first time in ten years, with a market share of 18.8%, up 4.7 percentage points year-on-year [3] - Globally, Xiaomi maintained a top-three position for 19 consecutive quarters, with a market share of 14.1% [3] Group 3: Innovation and Growth - Revenue from smart electric vehicles and AI-related businesses reached 18.6 billion yuan, with the SU7 series delivering 75,869 units in Q1 [3] - The SU7 series has cumulatively delivered over 258,000 units as of May 21, 2025, with a target of 350,000 units for the year [3] - R&D investment increased by 30.1% to 6.7 billion yuan, with a total expected investment of 30 billion yuan for the year [4][5]
小米一季度财报:营收同比增长47.4%,汽车及AI等创新业务收入186亿元