1. Xiaomi reported record 2024 revenue of 365.9 billion yuan, up 35% year-on-year. Adjusted net profit reached 27.2 billion yuan, up 41.3%.

2. Smartphone business revenue was 191.8 billion yuan in 2024, up 21.8% year-on-year. Global smartphone shipments increased 15.7% to 168.1 million units.

3. IoT business revenue exceeded 100 billion yuan for the first time, reaching 104.1 billion yuan, up 30% year-on-year. Gross margin improved to 20.3%.

4. Internet services revenue hit a record high of 34.1 billion yuan, up 13% year-on-year.

5. Smart electric vehicle business delivered 136,854 units in 2024, with an average selling price of 234,470 yuan. The segment loss narrowed to 6.2 billion yuan.

6. R&D expenses increased 25.9% to 24.1 billion yuan in 2024. The company plans to invest 30 billion yuan in R&D in 2025.

7. For 2025, Xiaomi aims to deliver 350,000 electric vehicles and expand production capacity. The company expects its core business to maintain strong growth momentum.
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.