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Xiaomi Group has reported total revenue of RMB 365.9 billion for 2024, marking a year-on-year increase of 35% and setting a new all-time high. The company's adjusted net profit also reached a record level of RMB 27.2 billion, up 41.3% compared to the previous year. Notably, revenue from innovative segments such as smart electric vehicles contributed RMB 32.8 billion to the total. In terms of R&D, Xiaomi invested RMB 24.1 billion, representing a 25.9% year-on-year growth. Regarding its automotive business, Xiaomi delivered 136,854 new vehicles in 2024 and has ambitiously raised its full-year delivery target for 2025 to 350,000 units. Furthermore, Xiaomi's SU7 Ultra exceeded expectations by achieving its annual sales target of 10,000 units ahead of schedule. Lei Jun, the Chairman of Xiaomi Group, hailed this as the company's most impressive annual report ever.
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