Xiaomi's Third Quarter Net Profit Up 80%

Xiaomi has announced its results for the third quarter of 2025. The company increased its revenue to RMB 113.1 billion, exceeding the RMB 100 billion threshold for the fourth time in a row, while increasing its adjusted net profit by 80.9% year-on-year to reach the highest level in its history with RMB 11.3 billion. Strong growth in the smartphone, smart EV and AIoT ecosystem demonstrated that the company's “Human × Car × Home” strategy is effectively responding.

Strong Financial Performance

Revenues for the third quarter of 2025 increased 22.3% year-on-year to RMB 113.1 billion. In the same period, adjusted net profit rose to RMB 11.3 billion, while the company achieved record profitability. Total revenue in the first nine months of the year reached RMB340.4 billion, approaching last year's level, while adjusted net profit of RMB32.8 billion has already surpassed last year's total.

Acceleration in the Human × Car × Home Ecosystem

Xiaomi's segment of smart electric vehicles (EV), artificial intelligence and other new startups has recorded a major milestone, generating positive operating income for the first time in the company's history. Segment revenues increased by over 199% year-on-year to RMB 29.0 billion.

Smartphone and AIoT Performance

Smartphone revenues amounted to RMB 46.0 billion, while global shipments reached 43.3 million units. With these results, Xiaomi has maintained its position in the top three in the global smartphone market for nine quarters in a row and 21 quarters of year-on-year growth. The company's smartphones ranked in the top three in 57 countries and regions.

The IoT and lifestyle products segment generated RMB 27.6 billion in revenue, while the number of devices connected to Xiaomi's AIoT platform exceeded 1 billion, surpassing a significant threshold.

Record in Internet Services

Internet services revenue hit a record 10.8% year-on-year, reaching RMB 9.4 billion. The global number of monthly active users was 741.7 million as of September 2025, an increase of 8.2% year-on-year.

Top Ranks in Global Product Shipments

According to Omdia data:

• Xiaomi tablets are among the top five in global shipments, while in China they are in the top three.
• In the category of bracelets, Xiaomi ranks first in the global and second in China.
• In TWS headphone shipments, Xiaomi ranked second on the global scale and first in Mainland China.

Record Growth in R&D Investments

The company's R&D spending rose 52.1 percent year-on-year in the third quarter to RMB 9.1 billion. R&D expenses in the first nine months reached RMB 23.5 billion, while total R&D investment for 2025 is expected to exceed RMB 30 billion. As of September 30, 2025, the number of R&D employees reached an all-time high with 24,871 people.

New Steps in Artificial Intelligence and the Smart Ecosystem

Xiaomi, open source large audio model covering basic model technologies Xiaomi-Mimo-AudioExpanded its artificial intelligence strategy by introducing 'in September. Announced in November Xiaomi Miloco It has set a new standard for the industry in large model-supported smart home interaction.

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