Xiaomi Corporation posted record full-year revenue of RMB457.3 billion for 2025, up 25.0% year-over-year, as its smart electric vehicle and artificial intelligence businesses emerged as powerful new growth engines alongside its core smartphone operations.

Adjusted net profit surged 43.8% year-over-year to a record high of RMB39.2 billion, the company announced on 25 March 2026.

Smart EV and AI Cross RMB100 Billion for the First Time

The standout performer was Xiaomi’s smart EV, AI and other new initiatives segment, which saw revenue surge 223.8% year-over-year to RMB106.1 billion — surpassing the RMB100 billion mark for the first time. The segment also achieved positive full-year income from operations for the first time, recording RMB0.9 billion, marking what the company called a historic breakthrough.

Xiaomi delivered 411,082 electric vehicles in 2025, with 145,115 units in the fourth quarter alone. The company is targeting 550,000 deliveries in 2026. The Xiaomi SU7 Series ranked number one in sedan sales priced at or above RMB200,000 in the Chinese Mainland, while the YU7 SUV held the top spot in its segment for seven consecutive months as of February 2026.

Smartphones Maintain Global Top-Three Ranking

Xiaomi’s smartphone business remained a cornerstone of its operations, generating revenue of RMB186.4 billion for the year. Global shipments totalled 165.2 million units, maintaining a top-three global ranking for the fifth consecutive year with a 13.3% market share, according to Omdia.

The company’s premiumisation push gained traction, with premium smartphones — priced at RMB3,000 and above — accounting for a record 27.1% of total units sold in the Chinese Mainland. In Southeast Asia, Xiaomi rose to second place with a market share of 17.0%.

IoT and Internet Services Both Hit Record Highs

Revenue from IoT and lifestyle products reached a record RMB123.2 billion, up 18.3% year-over-year, with gross profit margin improving 2.8 percentage points to 23.1%. The number of connected IoT devices on Xiaomi’s AIoT platform exceeded one billion for the first time, reaching 1,079.2 million as of 31 December 2025.

Internet services revenue grew 9.7% year-over-year to a record RMB37.4 billion. Global monthly active users reached 754.1 million as of December 2025, up 7.4% year-over-year.

R&D Spend Nears Profit Level Amid AI Push

Xiaomi invested RMB33.1 billion in research and development in 2025, up 37.8% year-over-year, with total R&D headcount reaching 25,457. The company has pledged to invest at least RMB60 billion in AI over the next three years.

The group recently unveiled three self-developed large models — MiMo-V2-Pro, MiMo-V2-Omni and MiMo-V2-TTS — and open-sourced its first robotics vision-language-action model. In March 2026, Xiaomi’s embodied robots achieved a 90.2% success rate operating autonomously on the production line at its EV factory.