Xiaomi Performance "Full-Year Growth, Quarterly Pressure" – Automotive Achieves Profitability as Smartphone Gross Margin Declines

WealthCoffee · 2026-03-25T06:48:14+00:00

Xiaomi Group announced its 2025 financial results with full-year revenue growth of 25% to 457.3 billion yuan and net profit growth of 43.8% to 39.2 billion yuan. However, Q4 revenue growth slowed to 7.3%, net profit declined 23.7%, and the stock price fell against the trend.

WealthCoffee

2026-03-25 06:48:14

Abstract generation in progress

Caixin March 24 After the market close, Xiaomi Group (01810.HK) announced its 2025 Q4 and full-year results. The stock, which has been falling for several months, continued to decline despite the release of the annual report.

From the basic data, Xiaomi’s two financial reports show a structural divergence of “yearly growth, quarterly pressure.” In 2025, Xiaomi achieved revenue of 457.3 billion yuan, a year-on-year increase of 25.0%, and adjusted net profit of 39.2 billion yuan, up 43.8% year-on-year. In Q4, revenue was 116.9 billion yuan, with growth slowing to 7.3%; adjusted net profit was 6.35 billion yuan, down 23.7% year-on-year — this is the first quarterly profit decline since Q4 2022, but the profit scale exceeded analysts’ average expectation of 5.7 billion yuan.

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