Overview
- Xiaomi reported fourth-quarter net profit of 6.5 billion yuan, down 27% from a year earlier and 47% from the prior quarter.
- The company cited sharply higher memory-chip costs and fiercer industry competition as key headwinds late in the year.
- Smartphone performance weakened, with shipments falling 11.6% to 37.7 million and segment revenue down 13.6% to 44.3 billion yuan as average selling prices slipped.
- Its EV and AI segment delivered 411,082 vehicles in 2025 and generated about 106.1 billion yuan in revenue, and management is targeting 550,000 EV deliveries in 2026.
- Full-year revenue rose 25% to 457 billion yuan, with SCMP citing net profit of 41.57 billion yuan and AFP reporting 39 billion yuan on an adjusted basis.