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Xiaomi reports RMB14.2 billion first-half net profit as revenue falls 8.4%
Xiaomi reported a first-half net profit of RMB14.19 billion, with a revenue decline of 8.4% year-on-year, totaling RMB208.06 billion. Despite this drop, second-quarter revenue exceeded RMB100 billion, reflecting performance across its smartphone, connected-device, and internet-services sectors, as well as electric vehicles, with SU7 deliveries surpassing 500,000 units.
Key points
- Xiaomi's first-half revenue: RMB208.06 billion.
- Revenue decline: 8.4% year-on-year.
- Net profit attributable to shareholders: RMB14.19 billion.
- Second-quarter revenue exceeded RMB100 billion.
- Includes performance from smartphones, connected devices, internet services, and electric vehicles.
- SU7 vehicle deliveries surpassed 500,000 units.
Why it matters
- Xiaomi's performance reflects broader trends in the tech industry, especially in response to shifting consumer demand.
- The decline in revenue highlights challenges faced by tech companies in a post-pandemic market.
- In 2025, IT trends suggest a growing focus on connected devices and EVs, key areas for Xiaomi's growth.
Despite the revenue decline, Xiaomi's net profit and strong performance in specific sectors show resilience and potential for recovery in line with evolving technology market trends.