Ge Long Hui·2025-12-06 03:58Core Viewpoint - Xiaomi Group achieved impressive results in Q3 2025, with multiple indicators reaching historical highs, including total revenue of 113,120.73 million RMB, a year-on-year increase of 22.28% [1] Financial Performance - Q3 net profit reached 12,270.87 million RMB, marking a year-on-year increase of 129.35%, a historical high (adjusted) [1] Business Development - Xiaomi's traditional core business, smartphones, remains a key pillar, generating revenue of 46 billion RMB. The combined revenue from smartphones and AIoT reached 84.1 billion RMB in the quarter [1] - The IoT and lifestyle consumer products segment generated revenue of 27.6 billion RMB, reflecting a year-on-year growth of 5.6% [1] - The automotive business achieved a significant breakthrough, with revenue from smart electric vehicles and A1 innovation reaching 29 billion RMB, a year-on-year increase of over 199%, including 28.3 billion RMB from automotive sales. The quarterly delivery volume exceeded 100,000 units, a record high since its launch [1] Profit Forecast - The company expects total revenue for 2025 to reach 409.82 billion RMB, representing a growth of 12%, with an operating profit margin of 5.88%. The corresponding PE ratios for 2025-2027 are projected to be 22.24, 18.60, and 15.02 times, respectively [1]