Xiaomi Group’s Q3 2025 Performance: Robust Growth and Steady Pro
On November 18, Xiaomi Group released its Q3 2025 financial report. In this quarter, Xiaomi’s various businesses advanced steadily, and its performance achieved resilient growth: the total revenue was 113.1 billion yuan, exceeding 100 billion yuan for four consecutive quarters, representing a year – on – year increase of 22.3%; the adjusted net profit was 11.3 billion yuan, an increase of 80.9% year – on – year.
The car deliveries in the current quarter exceeded 100,000 units, achieving a quarterly profit for the first time. The revenue from intelligent electric vehicles, AI and other innovative businesses was 29 billion yuan, surging by more than 199% year – on – year. A total of 108,796 new cars were delivered in the current quarter, and the Xiaomi YU7 ranked first in the domestic SUV sales in October. The sales and service network continues to be laid out, with 402 car sales stores opened in 119 cities on the Chinese mainland.
The market share in the high – end segment has significantly increased, and the sales volume of the Xiaomi 17 series has set a record. The revenue from smart phones was 46 billion yuan, with a shipment volume of 43.3 million units, achieving year – on – year growth for nine consecutive quarters. In Q3, it ranked second in domestic smart phone sales. Among them, the market share in the price range of 4,000 – 6,000 yuan was 18.9%, an increase of 5.6 percentage points year – on – year. The first – month sales volume of the Xiaomi 17 series increased by about 30% compared with the previous generation, among which the Xiaomi 17 Pro and Xiaomi 17 Pro Max accounted for more than 80%.
The number of devices connected to the AIoT platform has exceeded 1 billion, and the smart home appliance factory has been completed and put into production. The revenue from IoT and consumer – lifestyle products was 27.6 billion yuan, with a gross profit margin of 23.9%, an increase of 3.2 percentage points year – on – year. The number of IoT devices connected to the Xiaomi AIoT platform has reached 1.04 billion. The “Xiaomi Smart Home Appliance Factory” has been officially completed and put into production, with a planned peak annual production capacity of 7 million units, and a high – end air – conditioner rolling off the production line every 6.5 seconds. The global monthly active user number reached 742 million in Q3, driving the revenue of Internet services to reach a record high.
The R & D investment in the first three quarters was 23.5 billion yuan, and the number of R & D personnel reached a record high. The single – quarter R & D investment was 9.1 billion yuan, and the cumulative investment in the first three quarters has reached 23.5 billion yuan, with the annual investment expected to exceed 30 billion yuan. The total number of R & D personnel is 24,871, a record high. The Xiaomi MiMo – Audio speech open – source large – scale model has been launched, achieving a complete strategic layout of the full – series model matrix of language, multi – modality, and speech. The future exploration solution for smart homes, “Xiaomi Miloco”, has been open – sourced, taking the lead in the industry to explore large – model – driven whole – home smart living and reconstructing the interaction of smart home life.
Next, a picture will take you on a quick tour of the performance highlights of Xiaomi Group in the
third quarter of 2025:
