XIAOMI(HK:01810) Xin Lang Ke Ji·2025-08-20 03:57Group 1 - Xiaomi Group reported a record high in Q2 revenue and net profit, achieving revenue of 116 billion yuan, a year-on-year increase of 30.5%, and an adjusted net profit of 10.8 billion yuan, a year-on-year increase of 75.4% [1] - The automotive business is entering a phase of rapid growth, with significant narrowing of losses and a key breakthrough in the high-end market. Revenue from smart electric vehicles and AI innovation businesses reached 21.3 billion yuan, a year-on-year increase of 234%, with operational losses of 300 million yuan, significantly reduced [1] - Xiaomi's automotive business will not engage in price wars, focusing instead on maintaining healthy business operations, with a goal to expand globally by 2027 [1] Group 2 - Despite intense price competition in the air conditioning market, Xiaomi's home appliance business continues to grow, with revenue from major appliances increasing by 66.2% year-on-year. Air conditioner shipments are expected to exceed 5.4 million units, a year-on-year increase of over 60%, setting a historical record [2] - Xiaomi is the only brand among the top ten online air conditioning brands to achieve both volume and price growth in the first half of the year [2]