On May 27, Xiaomi Group unveiled its financial report for the first quarter of 2025, showcasing unprecedented heights in both revenue and profit. Lei Jun, the Chairman and CEO of Xiaomi Group, highlighted on Weibo that the company's total revenue soared to RMB 111.293 billion, marking a 47.4% year-on-year increase. Adjusted net profit also climbed to RMB 10.68 billion, representing a 64.5% year-on-year growth. Notably, innovative businesses, including smart electric vehicles and AI, contributed RMB 18.6 billion to the revenue. Global smartphone shipments witnessed a 3% year-on-year uptick, with Xiaomi reclaiming the top position in the Chinese market. Furthermore, the IOT business revenue surged by 58.7%, and smart home appliance revenue experienced a remarkable 113.8% year-on-year increase.
