小米1Q25业绩超预期，未来一个月活动密集 - 买入评级

28 May 2025 | 7:19AM HKT The 720: Xiaomi, PDD, Kuaishou, Telstra, TechNet takeaways, Korea elections, PICC P&C upgrade In Focus | Xiaomi Xiaomi - Earnings Review: 1Q25 results beat; an eventful month ahead – Buy. Xiaomi's 1Q25 results stayed robust and beat expectations. Revenue grew +47% yoy to Rmb111bn (2% above GSe/Visible Alpha Consensus Data, or +23% yoy for the core business) and adj. net profit grew +65% yoy to Rmb10.7bn (13-14% above GSe/consensus, or +24% yoy for the core business). Key segments th ...