Xiaomi Corp Class B

01810: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Xiaomi Earnings: EVs Strong but Smartphone and Lifestyle Products Set to Struggle

Dan Baker

Dec 15, 2025

Xiaomi's third-quarter result showed continued strong momentum in the electric vehicle business but weakness in the smartphone and lifestyle business, with consolidated revenue up 22% and underlying operating profit up 81%. Ex-auto revenue grew only around 2%.

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Xiaomi Corp Class B

Xiaomi Earnings: EVs Strong but Smartphone and Lifestyle Products Set to Struggle

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