Xiaomi Group has unveiled its 2025 financial results, announcing an impressive annual revenue of RMB 457.29 billion, which represents a significant 25% increase compared to the previous year. The adjusted net profit also surged to RMB 39.17 billion, marking a 44% year-on-year rise and outpacing market expectations.
Breaking down the figures, the revenue from the Smartphone × AIoT segment reached RMB 351.2 billion, showing a steady 5.4% year-on-year growth. Meanwhile, the Smart Electric Vehicles and AI, along with other innovative businesses, witnessed a remarkable surge, with revenue soaring to RMB 106.1 billion, a staggering 223.8% increase year-on-year.
In the fourth quarter alone, Xiaomi's revenue hit a new high since its listing, reaching RMB 116.9 billion. The group's gross profit margin also improved, climbing to 20.8%. Furthermore, both R&D investment and expenditures reached unprecedented levels, standing at RMB 9.6 billion and RMB 33.1 billion, respectively. These figures reflect year-on-year increases of 29.1% and 37.8%. The number of R&D personnel also expanded, rising to 25,457.
In terms of market performance, Xiaomi shipped 165.2 million smartphones in 2025. The number of global monthly active users increased to 754.1 million by December. The IoT devices connected to the AIoT platform reached a staggering 1,079.2 million, while new vehicle deliveries amounted to 411,082 units.
Looking ahead, Xiaomi's commitment to innovation is evident in its cumulative R&D expenditure over the past five years, which has reached RMB 105.5 billion. The company is projected to exceed RMB 200 billion in cumulative R&D spending over the next five years (starting from 2026), further solidifying its position as a leader in technological advancement.