XIAOMI(HK:01810) Sou Hu Cai Jing·2025-11-18 09:57Core Insights - Xiaomi Group reported Q3 2025 revenue of 113.1 billion RMB, a year-on-year increase of 22.3%, marking the fourth consecutive quarter of exceeding 100 billion RMB [1] - Adjusted net profit reached 11.3 billion RMB, a significant year-on-year increase of 80.9%, achieving a historical high [1] - The smart electric vehicle and AI innovation business segment generated 29 billion RMB in revenue, with a year-on-year growth exceeding 199% [1] Revenue and Profitability - Xiaomi delivered 108,796 new vehicles in Q3 2025, setting a historical record [2] - The gross margin for the smart electric vehicle and AI innovation business segment increased from 17.1% in Q3 2024 to 25.5% in Q3 2025, attributed to lower core component costs and reduced unit manufacturing costs [2][3] - The segment achieved an operating profit of 700 million RMB for the first time in a single quarter [1] Business Expansion - As of September 30, 2025, Xiaomi has opened 402 car sales stores across 119 cities in mainland China and established 209 service points covering 125 cities [2]