XIAOMI(HK:01810) Sou Hu Cai Jing·2025-08-19 12:35Group 1 - The core viewpoint of the articles highlights Xiaomi Group's strong financial performance in Q2, with record revenue and adjusted net profit growth, alongside significant investments in new business areas like electric vehicles [1][2] Group 2 - In Q2, Xiaomi Group reported revenue of RMB 115.96 billion, a historical high for a single quarter, representing a year-on-year increase of 30.5% [1] - The net profit for Q2 was RMB 11.9 billion, while the adjusted net profit reached RMB 10.8 billion, marking a 75.4% year-on-year growth [1] - The revenue from Xiaomi's electric vehicle and AI innovation segment was RMB 21.3 billion, with RMB 20.6 billion coming from electric vehicles alone [1] - The gross margin for the electric vehicle and AI segment was 26.4%, but it incurred an operating loss of RMB 300 million [1] - Xiaomi's total investment in automotive and innovation businesses exceeded RMB 30 billion from 2022 to the first half of 2025, leading to significant cumulative losses in these new ventures [1] - Xiaomi aims to deliver 350,000 vehicles in 2025, with confidence in achieving this target [1] - The smartphone business generated RMB 45.5 billion in revenue with a gross margin of 11.5%, while global smartphone shipments reached 42.4 million units, a slight increase of 0.6% year-on-year [2] - The IoT and lifestyle products segment achieved record revenue of RMB 38.7 billion, reflecting a year-on-year growth of 44.7% and a gross margin improvement of 2.8 percentage points to 22.5% [2] - Xiaomi's R&D investment in Q2 was RMB 7.8 billion, a 41.2% increase year-on-year, with the total number of R&D personnel reaching a record high of 22,641 [2] - As of August 19, Xiaomi's stock price closed at HKD 52.4, down 1.23%, with a total market capitalization of HKD 1.36 trillion, reflecting a nearly 14% decline from its recent high of HKD 61.45 on June 27 [2]