Xiaomi reported strong financial results for 2024:
- Total revenue reached 365.9 billion yuan, up 35% year-over-year
- Adjusted net profit hit 27.2 billion yuan, up 41.3%
- Smartphone shipments grew 15.7% to 168.1 million units
- IoT revenue exceeded 100 billion yuan for the first time, up 30%
- Internet services revenue reached 34.1 billion yuan, up 13%
- EV business delivered 136,854 units with 18.5% gross margin
- R&D expenses increased 25.9% to 24.1 billion yuan

For 2025, Xiaomi aims to:
- Increase EV production capacity to deliver 350,000 units
- Expand overseas IoT business and retail presence
- Continue investing heavily in AI technology
- Maintain steady operations while pursuing further growth
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.