Xiaomi Q1 2025: $15.7B revenue smashes records again

Xiaomi Corporation has delivered another spectacular financial performance in Q1 2025, posting revenue of RMB111.3 billion ($15.7 billion USD), marking the second consecutive quarter above the RMB100 billion milestone. The impressive 47.4% year-over-year growth demonstrates the company’s sustained momentum across all business segments, with adjusted net profit soaring 64.5% to a record-breaking RMB10.7 billion ($1.5 billion USD). This outstanding performance reflects Xiaomi’s successful premiumization strategy and strengthening market position globally. The results exceeded market expectations while showcasing robust growth in [smartphone sales](https://hyperosup dates.com), [IoT ecosystem expansion](https://hyperosup dates.com), and the promising trajectory of Xiaomi’s electric vehicle venture.

Smartphone Business Reclaims China’s Top Spot

Xiaomi’s smartphone division generated RMB50.6 billion ($7.1 billion USD) in revenue, representing an 8.9% year-over-year increase. Global smartphone shipments reached 41.8 million units, maintaining the company’s top-three global ranking for the nineteenth consecutive quarter with a 14.1% market share.

The most remarkable achievement came in mainland China, where Xiaomi reclaimed the number one position in smartphone shipments after a decade-long absence. The company captured 18.8% market share, representing a significant 4.7 percentage point increase year-over-year.

Xiaomi’s premiumization strategy proved highly effective, with the average selling price reaching a record high of RMB1,211 ($171 USD). Premium smartphones priced above RMB3,000 ($424 USD) accounted for 25% of total smartphone sales in mainland China, while devices priced above RMB4,000 ($565 USD) captured 9.6% market share.

IoT and Lifestyle Products Hit New Heights

The IoT and lifestyle products segment delivered exceptional growth with revenue surging 58.7% year-over-year to RMB32.3 billion ($4.6 billion USD). Gross margin improved substantially by 5.4 percentage points to 25.2%, setting new records for both revenue and profitability.

Smart home appliances experienced explosive growth despite the traditional off-season. Air conditioner shipments exceeded 1.1 million units with over 65% growth, refrigerator shipments surpassed 880,000 units, and washing machine shipments soared over 100% to 740,000 units.

Connected Device Ecosystem Expansion:

943.7 million connected IoT devices (excluding smartphones, tablets, laptops)
19.3 million users with five or more connected devices
106.4 million monthly active users on Mi Home App
146.7 million monthly active users of AI Assistant

Electric Vehicle Business Accelerates

Xiaomi’s smart EV, AI, and new initiatives generated RMB18.6 billion ($2.6 billion USD) in revenue. The Xiaomi SU7 Series delivered 75,869 vehicles during Q1 2025, with cumulative deliveries exceeding 258,000 vehicles since launch.

The company operates 235 smart EV sales centers across 65 cities in mainland China and maintains its ambitious target of delivering 350,000 vehicles in 2025. Monthly deliveries have exceeded 20,000 vehicles for six consecutive months.

Technology Leadership Through R&D Investment

Xiaomi invested RMB6.7 billion ($947 million USD) in research and development during Q1 2025, representing a 30.1% year-over-year increase. The company employs 21,731 R&D personnel and holds over 43,000 patents worldwide.

The company announced plans to invest RMB200 billion ($28.3 billion USD) in R&D over the next five years, focusing on core technologies including chips, AI, and operating systems. The recently unveiled Xiaomi XRING O1 3nm SoC represents a significant milestone in the company’s semiconductor capabilities.

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Source: Xiaomi