XIAOMI(HK:01810) Xin Lang Cai Jing·2025-09-26 04:04Core Viewpoint - Xiaomi Group's stock price experienced volatility following the launch of the Xiaomi 17 series and a keynote speech by CEO Lei Jun, indicating mixed market reactions despite product announcements [1][2] Group 1: Product Launch and Market Response - Xiaomi's stock opened lower on September 26, dropping over 5% despite a previous day surge of over 5% after the product launch [1] - The Xiaomi 17 series was launched with starting prices of 4,499 yuan for the standard model, 4,999 yuan for the Pro, and 5,999 yuan for the Pro Max [1] - Lei Jun emphasized the importance of self-developed chips for Xiaomi's success, committing to invest at least 50 billion yuan over the next decade [2] Group 2: Financial Performance - Xiaomi reported a revenue of 115.96 billion yuan for Q2 2025, a year-on-year increase of 30.5%, marking three consecutive quarters of revenue exceeding 100 billion yuan [4] - Operating profit reached 13.44 billion yuan, up 128.2% year-on-year, while adjusted net profit was 10.83 billion yuan, a 75.4% increase [4] - The innovative business segment, including smart electric vehicles and AI, generated 21.3 billion yuan in revenue, a significant year-on-year growth of 234% [4] Group 3: Market Position and Sales - Xiaomi's smartphone shipments increased slightly from 42.2 million units in Q2 2024 to 42.4 million units in Q2 2025, driven by a 3.6% rise in shipments in mainland China [4] - The company achieved a record activation of 11.5 million new devices, securing a 16.8% market share in the domestic market [4] - In the home appliance sector, Xiaomi's revenue reached a historical high with a year-on-year growth of 66.2%, with air conditioning units exceeding 5.4 million units sold [5]