XIAOMI(HK:01810) Sou Hu Cai Jing·2025-11-18 10:31Core Insights - Xiaomi's Q3 2025 financial report shows significant growth in electric vehicle deliveries and overall revenue, indicating a strong performance in the automotive sector and innovative business areas [4][6]. Financial Performance - Total revenue reached 113.1 billion yuan, exceeding 100 billion yuan for four consecutive quarters, with a year-on-year growth of 22.3% [6]. - Adjusted net profit was 11.3 billion yuan, reflecting a substantial year-on-year increase of 80.9% [6]. Electric Vehicle Segment - Revenue from smart electric vehicles and AI-related innovative businesses amounted to 29 billion yuan, with 108,796 new vehicles delivered in the quarter [6]. - Cumulative vehicle deliveries reached 265,967 units, with Q1, Q2, and Q3 deliveries recorded at 75,869, 81,302, and 108,796 units respectively [4]. Research and Development - R&D investment totaled 9.1 billion yuan, marking a year-on-year increase of 52.1%, with an expected total investment exceeding 30 billion yuan for the year [6]. - The total number of R&D personnel stands at 24,871 [6]. Product Launches - Xiaomi announced the upcoming release of the enhanced version of its end-to-end assisted driving system, Xiaomi HAD, at the Guangzhou Auto Show [4].