Xiaomi reported blockbuster financial results for the third quarter of 2025, with its net profit climbing an impressive 80.9% year-over-year. The Chinese electronics firm earned a profit of CNY113.1 billion, significantly outperforming market forecasts.
A key driver of this growth was the company’s foray into the automotive sector. Its smart electric vehicle unit achieved a major milestone by reporting its first-ever quarterly operating profit of CNY700 million. Revenue from this division nearly tripled compared to last year, reaching CNY29 billion. The company delivered 108,796 vehicles between July and September, a new quarterly record.
The core smartphone business continued to show strength. Xiaomi held its position as one of the world’s top three smartphone vendors for the 21st consecutive quarter. It is also successfully selling more high-end devices, increasing its market share in China’s premium phone segment by 5.6% points.
Beyond phones and cars, Xiaomi’s ecosystem of connected devices is thriving. The number of smart products linked to its AIoT platform has now grown to over one billion. This includes strong sales of its tablets and wearable devices, which rank among the top sellers globally and in China.
The company’s internet services division, which includes advertising and software, also saw revenue climb to a new high of CNY9.4 billion. Its global user base expanded to 741.7 million monthly active users.
To support its ambitious projects, Xiaomi is investing heavily in research and development. Its R&D spending for the quarter hit a record CNY9.1 billion, an increase of more than 52% from the same period in 2024. This investment supports new technologies, including its own operating system and artificial intelligence models.
Source: Mi Global