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Xiaomi Reports 47% Revenue Growth in Q1 as It Launches New Electric SUV

BEIJING, May 27 (Reuters) - China's Xiaomi reported a 47.4% annual jump in first-quarter revenue on

Xiaomi Reports 47% Revenue Growth in Q1 as It Launches New Electric SUV

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":439544733024976,"tweetId":"439544733024976","gmtCreate":1748339115362,"gmtModify":1748339118503,"author":{"id":4104930634218590,"idStr":"4104930634218590","authorId":4104930634218590,"authorIdStr":"4104930634218590","name":"Patwari","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":3,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Fd</p></body></html>","htmlText":"<html><head></head><body><p>Fd</p></body></html>","text":"Fd","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/439544733024976","repostId":2538451618,"repostType":2,"repost":{"id":"2538451618","kind":"live","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1748347918,"share":"https://ttm.financial/m/news/2538451618?lang=en_US&edition=fundamental","pubTime":"2025-05-27 20:11","market":"nz","language":"en","title":"Xiaomi Reports 47% Revenue Growth in Q1 as It Launches New Electric SUV","url":"https://stock-news.laohu8.com/highlight/detail?id=2538451618","media":"Reuters","summary":"BEIJING, May 27 (Reuters) - China's Xiaomi reported a 47.4% annual jump in first-quarter revenue on ","content":"<html><head></head><body><p>BEIJING, May 27 (Reuters) - China&#39;s Xiaomi reported a 47.4% annual jump in first-quarter revenue on Tuesday as the company doubled down on making electric vehicles.</p><p>Xiaomi ADRs rose 1.7% in premarket.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ef8e75df67161dcbc669cd28e75f3624\" tg-width=\"781\" tg-height=\"834\"/></p><p>Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), beating the 107.6 billion yuan average of 17 analyst estimates compiled by LSEG.</p><p>Adjusted net profit jumped 64.5% year-on-year to 10.7 billion yuan, ahead of the average estimate of 8.96 billion yuan, according to LSEG data.</p><p>The world&#39;s third-largest smartphone maker, whose product lines extend to home appliances and cars, announced its latest electric SUV, the YU7, last week, which Xiaomi will start selling in July.</p><p>Xiaomi did not disclose the price of the YU7 but suggested its better configurations should make the car 60,000-70,000 yuan more expensive than Tesla&#39;s best-selling Model Y, which is expected to be its strongest competitor and is priced from 263,500 yuan ($36,574).</p><p>Xiaomi entered the auto sector last year with its sporty EV SU7, which drew styling cues from Porsche and was priced below Tesla&#39;s Model 3. Since December, the SU7 has outsold Tesla&#39;s Model 3 in China on a monthly basis.</p><p>Xiaomi&#39;s SU7 deliveries have exceeded 258,000 units since its launch, company founder Lei Jun said last week. Xiaomi&#39;s EV business generated 18.1 billion yuan in revenue during the first quarter, delivering 75,869 SU7 sedans. The adjusted net loss related to its EV and other new initiatives reached 0.5 billion yuan.</p><p>The company&#39;s new EV orders have fallen following a fatal highway crash at the end of March involving an SU7 in driving-assistance mode，analysts have said. Its problems have been compounded by customer complaints of false advertising. Xiaomi apologised earlier this month for &#34;not clear enough&#34; marketing.</p><p>Still, Xiaomi&#39;s shares have rebounded since April, giving it a market value of about $170 billion, higher than the roughly $161 billion commanded by BYD, China&#39;s biggest EV maker, LSEG data show.</p><p>Xiaomi&#39;s first -quarter global smartphone shipments rose 3% from a year earlier to 41.8 million handsets, ranking it third globally, with a market share of 14.1%, according to its latest financial report citing data from researcher Canalys.</p><p>($1 = 7.1920 Chinese yuan renminbi)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xiaomi Reports 47% Revenue Growth in Q1 as It Launches New Electric SUV</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi Reports 47% Revenue Growth in Q1 as It Launches New Electric SUV\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-05-27 20:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>BEIJING, May 27 (Reuters) - China&#39;s Xiaomi reported a 47.4% annual jump in first-quarter revenue on Tuesday as the company doubled down on making electric vehicles.</p><p>Xiaomi ADRs rose 1.7% in premarket.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ef8e75df67161dcbc669cd28e75f3624\" tg-width=\"781\" tg-height=\"834\"/></p><p>Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), beating the 107.6 billion yuan average of 17 analyst estimates compiled by LSEG.</p><p>Adjusted net profit jumped 64.5% year-on-year to 10.7 billion yuan, ahead of the average estimate of 8.96 billion yuan, according to LSEG data.</p><p>The world&#39;s third-largest smartphone maker, whose product lines extend to home appliances and cars, announced its latest electric SUV, the YU7, last week, which Xiaomi will start selling in July.</p><p>Xiaomi did not disclose the price of the YU7 but suggested its better configurations should make the car 60,000-70,000 yuan more expensive than Tesla&#39;s best-selling Model Y, which is expected to be its strongest competitor and is priced from 263,500 yuan ($36,574).</p><p>Xiaomi entered the auto sector last year with its sporty EV SU7, which drew styling cues from Porsche and was priced below Tesla&#39;s Model 3. Since December, the SU7 has outsold Tesla&#39;s Model 3 in China on a monthly basis.</p><p>Xiaomi&#39;s SU7 deliveries have exceeded 258,000 units since its launch, company founder Lei Jun said last week. Xiaomi&#39;s EV business generated 18.1 billion yuan in revenue during the first quarter, delivering 75,869 SU7 sedans. The adjusted net loss related to its EV and other new initiatives reached 0.5 billion yuan.</p><p>The company&#39;s new EV orders have fallen following a fatal highway crash at the end of March involving an SU7 in driving-assistance mode，analysts have said. Its problems have been compounded by customer complaints of false advertising. Xiaomi apologised earlier this month for &#34;not clear enough&#34; marketing.</p><p>Still, Xiaomi&#39;s shares have rebounded since April, giving it a market value of about $170 billion, higher than the roughly $161 billion commanded by BYD, China&#39;s biggest EV maker, LSEG data show.</p><p>Xiaomi&#39;s first -quarter global smartphone shipments rose 3% from a year earlier to 41.8 million handsets, ranking it third globally, with a market share of 14.1%, according to its latest financial report citing data from researcher Canalys.</p><p>($1 = 7.1920 Chinese yuan renminbi)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","BK1615":"港股-互联网","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","BK1523":"武汉本地概念股","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0348816934.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (USD)","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","01810":"小米集团-W","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","BK1521":"挪威政府全球养老基金持仓","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","BK1502":"双十一","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0823426308.USD":"法巴中国股票基金","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","BK1589":"北水核心资产","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","BK1193":"电脑硬件、储存设备及电脑周边","LU0359201612.USD":"贝莱德中国基金A2","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","XIACY":"小米集团ADR","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU1720050803.USD":"安联全方位中国股票基金","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250527:nPLXF2FF38:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2538451618","content_text":"BEIJING, May 27 (Reuters) - China's Xiaomi reported a 47.4% annual jump in first-quarter revenue on Tuesday as the company doubled down on making electric vehicles.Xiaomi ADRs rose 1.7% in premarket.Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), beating the 107.6 billion yuan average of 17 analyst estimates compiled by LSEG.Adjusted net profit jumped 64.5% year-on-year to 10.7 billion yuan, ahead of the average estimate of 8.96 billion yuan, according to LSEG data.The world's third-largest smartphone maker, whose product lines extend to home appliances and cars, announced its latest electric SUV, the YU7, last week, which Xiaomi will start selling in July.Xiaomi did not disclose the price of the YU7 but suggested its better configurations should make the car 60,000-70,000 yuan more expensive than Tesla's best-selling Model Y, which is expected to be its strongest competitor and is priced from 263,500 yuan ($36,574).Xiaomi entered the auto sector last year with its sporty EV SU7, which drew styling cues from Porsche and was priced below Tesla's Model 3. Since December, the SU7 has outsold Tesla's Model 3 in China on a monthly basis.Xiaomi's SU7 deliveries have exceeded 258,000 units since its launch, company founder Lei Jun said last week. Xiaomi's EV business generated 18.1 billion yuan in revenue during the first quarter, delivering 75,869 SU7 sedans. The adjusted net loss related to its EV and other new initiatives reached 0.5 billion yuan.The company's new EV orders have fallen following a fatal highway crash at the end of March involving an SU7 in driving-assistance mode，analysts have said. Its problems have been compounded by customer complaints of false advertising. Xiaomi apologised earlier this month for \"not clear enough\" marketing.Still, Xiaomi's shares have rebounded since April, giving it a market value of about $170 billion, higher than the roughly $161 billion commanded by BYD, China's biggest EV maker, LSEG data show.Xiaomi's first -quarter global smartphone shipments rose 3% from a year earlier to 41.8 million handsets, ranking it third globally, with a market share of 14.1%, according to its latest financial report citing data from researcher Canalys.($1 = 7.1920 Chinese yuan renminbi)","news_type":1,"symbols_score_info":{"01810":1.1,"XIACY":1.1}},"isVote":1,"tweetType":1,"viewCount":910,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}