XIAOMI(HK:01810) Feng Huang Wang·2025-11-18 10:13Core Insights - Xiaomi Group reported a total revenue of 113.1 billion yuan for Q3 2025, marking a 22.3% year-on-year growth and exceeding 100 billion yuan for four consecutive quarters [1] - Adjusted net profit reached 11.3 billion yuan, reflecting an impressive year-on-year increase of 80.9% [1] - Revenue from innovative businesses, including smart electric vehicles and AI, amounted to 29 billion yuan, achieving profitability for the first time in a single quarter [1] Smartphone Market Performance - In Q3, Xiaomi ranked second in domestic smartphone sales, with a market share of 18.9% in the 4000-6000 yuan price segment, an increase of 5.6 percentage points year-on-year [1] Electric Vehicle Sales - The company delivered 108,796 new vehicles in the quarter, with the Xiaomi YU7 ranking first in domestic SUV sales for October [1] Research and Development Investment - Cumulatively, Xiaomi invested 23.5 billion yuan in R&D over the first three quarters, with expectations to exceed 30 billion yuan for the entire year [1] - The total number of R&D personnel reached a record high of 24,871 [1]