On May 27, Xiaomi Group released its financial report for the first quarter of 2025. According to the report, Xiaomi's total revenue for Q1 reached RMB 111.3 billion, marking a 47.4% year-on-year increase. Adjusted net profit stood at RMB 10.7 billion, up 64.5% year-on-year.
By business segment, revenue from Xiaomi’s IoT and lifestyle products reached RMB 32.3 billion in the first quarter, a 58.7% year-on-year increase. Xiaomi’s smart large home appliances experienced explosive growth. Air conditioner shipments exceeded 1.1 million units, up over 65.0% YoY; refrigerator shipments surpassed 880,000 units, growing over 65.0% YoY; and washing machine shipments soared over 100% YoY to 740,000 units. Both refrigerator and washing machine shipments reached record highs. Xiaomi’s smart home appliance factory is set to commence operations this year.