Xiaomi Group's revenue and earnings have hit record highs again

On May 27th, Xiaomi Group (01810.HK) announced its financial report. In Quarter 1, 2025, the group's revenue and profit once again hit a record high. In Quarter 1, 2025, Xiaomi Group's total revenue was RMB 111.3 billion, a record high, an increase of 47.4% year-on-year. The group's overall gross profit margin reached 22.8%, an increase of 0.5 percentage points year-on-year, a record high. From the perspective of business segments, in Quarter 1, 2025, the revenue of the mobile phone × AIoT segment was RMB 92.7 billion, an increase of 22.8% year-on-year, and the revenue of the innovative business segment such as smart electric vehicles and AI was RMB 18.6 billion. In the quarter, the group's adjusted net profit was RMB 10.7 billion, a record high, an increase of 64.5% year-on-year.