Record High Revenue and Profit
Total revenue reached RMB111.3 billion, up 47% year-on-year. Adjusted net profit exceeded RMB10 billion for the first time, reaching RMB10.7 billion, up 64% year-on-year.
Smartphone Market Leadership
Xiaomi returned to number one in smartphone shipments in Mainland China with a market share of 18.8%, increasing 4.7 percentage points year-on-year.
IoT Revenue Growth
IoT revenue reached RMB32.3 billion in Q1, up 59% year-on-year, driven by strong growth in large home appliances, tablets, and wearables.
Strong AI and Chip Development
Launched the Xiaomi XRING O1, a 3nm flagship smartphone SOC chip, and the Xiaomi MiMo AI model, highlighting significant advancements in technology.
Smart EV Business Expansion
Delivered 76,000 new EVs in Q1, with Xiaomi SU7 series becoming a top seller in the RMB200,000+ price range. Gross margin for EVs improved to 23.2%.