Core Viewpoint - Xiaomi Group reported record-high revenue and adjusted net profit for the second quarter of 2025, indicating strong growth across various business segments [1][2]. Financial Performance - The total revenue for the second quarter reached RMB 115.96 billion, a year-on-year increase of 30.5% and a quarter-on-quarter increase of 4.2% [2]. - The adjusted net profit for the second quarter was RMB 10.83 billion, marking a 75.4% year-on-year increase [2]. - Gross profit for the quarter was RMB 26.10 billion, up 41.9% year-on-year [2]. - Operating profit increased by 128.2% year-on-year to RMB 13.44 billion [2]. Automotive Business - Revenue from the smart electric vehicle and AI innovation segment was RMB 21.3 billion, with smart electric vehicle revenue at RMB 20.6 billion [2]. - The segment reported a gross margin of 26.4% but incurred an operating loss of RMB 300 million [2]. - A total of 81,302 new vehicles were delivered in the second quarter [2]. Smartphone and IoT Business - Revenue from the smartphone segment was RMB 45.5 billion, with a gross margin of 11.5% [3]. - Global smartphone shipments reached 42.4 million units, reflecting a 0.6% year-on-year growth [3]. - The IoT and lifestyle products segment achieved record revenue of RMB 38.7 billion, a 44.7% year-on-year increase, with a gross margin of 22.5% [3]. Research and Development - R&D expenditure for the second quarter was RMB 7.8 billion, up 41.2% year-on-year [3]. - The number of R&D personnel reached a record high of 22,641 [3].
小米业绩,创历史新高