Xiaomi Reports 48% Q4 Revenue Surge, Exceeding Estimates, and Boosts EV Targets

Financial Performance and EV Ambitions

• 📈 Xiaomi reported a significant 48% rise in fourth-quarter revenue, surpassing analyst expectations with over $15 billion for the period.
• 🚀 The company has raised its 2025 electric vehicle delivery target to 350,000 units, following the successful launch of its SU7 sedan.
• 💰 Xiaomi's EV business generated $4.4 billion in revenue last year, with over 135,000 SU7 sedans delivered, though it incurred an adjusted net loss of $857 million related to EVs and new initiatives.

Smartphone Market Performance

• 📱 In the fourth quarter, Xiaomi's global smartphone shipments increased by 5% year-over-year, reaching 42.7 million units.
• 🇨🇳 Shipments within China saw a substantial surge of 29%, totaling 12.2 million handsets during the same period.
• 📊 Canalyst data places Xiaomi third globally in smartphone market share with 13%.

Retail Expansion and Investor Confidence

• 🏪 Xiaomi plans to expand its store network in China this year and aims to open 10,000 new Mi home stores internationally within the next five years.
• 📈 Investor enthusiasm was evident, with shares closing up 3.3% before the earnings release, and the company's stock has surged 284% over the past 12 months, partly due to confidence in its EV project.