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小米集团XIAOMI(1810)2025年第四季度及全年财务业绩演示报告「HKEX」(英文版)(38页).pdf

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1、Xiaomi CorporationXiaomi Corporation2025 Fourth Quarter and 2025 Fourth Quarter and Annual ResultsAnnual ResultsDisclaimerDisclaimerBy attending the meeting where this presentation is made,or by reading the presentation materials,you agree to be bound by the following limitations:The information in

2、this presentation has been prepared by representatives of Xiaomi Corporation(the“Company”,and together with its subsidiaries,the Group)for use inpresentations by the Group and does not constitute a recommendation regarding the securities of the Group.No part of this presentation should form the basi

3、s of,or be relied onin connection with,any contract or commitment or investment decision whatsoever.No representation or warranty,express or implied,is made as to,and no reliance should be placed on,the fairness,accuracy,completeness or correctness of the information,oropinions contained herein.Neit

4、her the Company nor any of the Companys subsidiaries,affiliates,advisors or representatives shall have any responsibility or liability whatsoever(for negligence or otherwise)for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this

5、presentation.Theinformation set out herein may be subject to updating,completion,revision,verification and amendment and such information may change materially.This presentation is based on the economic,regulatory,market and other conditions in effect on the date hereof.It should be understood that

6、subsequent developments mayaffect the information contained in this presentation,which neither the Company nor its subsidiaries,affiliates,advisors or representatives are under an obligation to update,reviseor affirm.The information communicated in this presentation may contain certain statements th

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1. **2025年业绩创新高**:集团营收4573亿元(+25.0%),调整后净利润392亿元(+43.8%),毛利率22.3%(+1.3个百分点)。 2. **智能手机业务**:全球出货量4280万台(市场份额13.8%),中国内地出货量4590万台(市场份额16.6%,+0.7个百分点),高端机型占比提升至27.1%(+3.8个百分点)。 3. **智能电动汽车爆发**:交付量41.1万台(+200.4%),营收1061亿元(+223.8%),毛利率24.3%(+5.8个百分点)。 4. **AI与研发投入**:研发费用331亿元(+38%),发布MiMo系列大模型,未来三年AI投资超600亿元。 5. **用户生态增长**:全球MAU7.4亿,AIoT平台连接设备数7.4亿,小米之家全球门店超1.8万家。
小米2025亮点? EV销量如何? AI投入多少?
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