Xiaomi has reported an impressive financial performance in the first quarter of 2025, with significant growth across its key divisions. The company recorded a revenue of CNY 111.3 billion ($15.4 billion), marking a 47% year-on-year increase, while net profits surged by over 64% to $1.48 billion.
Research and development expenses also saw a notable rise, reaching $930 million, reflecting Xiaomi's commitment to innovation. The company now holds over 43,000 patents globally, with close to half of its workforce dedicated to R&D activities.
Xiaomi's smartphone and AIoT division emerged as a major revenue driver, generating $12.8 billion in revenue, a 22% increase compared to the previous year.
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Revenues from the electric vehicle (EV) segment also showed growth, reaching $2.5 billion, with Xiaomi shipping over 75,000 SU7 series EVs in Q1 alone.
Overall, Xiaomi's diverse product portfolio and strategic investments have positioned the company for continued success and expansion in various market segments.
