CITIC Lyon: Raises the sales forecast for Xiaomi Corporation (ADR) electric vehicles this year to 400,000 units, rating "Highly Confident to Outperform the Market"
CITIC Securities released a research report stating that Xiaomi Corporation-W will announce its first-quarter results this month. It is expected that Xiaomi's first-quarter performance in 2025 will be strong, with total revenue increasing by 44.6% year-on-year, operating profit reaching RMB 109 billion, and adjusted net profit increasing by 54% year-on-year to RMB 10 billion. All smartphones benefited from trade-in subsidies and shared profits, with gross margins rising again on a quarter-on-quarter basis. Losses in the electric vehicle business may further narrow to RMB 650 million. Xiaomi delivered 76,000 electric vehicles in the first quarter of 2025, and the firm raised its 2025 electric vehicle sales forecast to 400,000 units. The firm has increased Xiaomi's adjusted net profit for 2025/26 by 8%/4%, maintaining an investment rating of "highly confident to outperform the market."
According to the Zhitong Finance APP, Citic Securities released a research report stating that Xiaomi Corporation-W (01810) will announce its first-quarter results this month. It is expected that Xiaomi's first-quarter performance in 2025 will be strong, with total revenue increasing by 44.6% year-on-year and operating profit reaching RMB 109 billion. Adjusted net profit is expected to increase by 54% year-on-year to RMB 10 billion. All smartphones are benefiting from trade-in subsidies and shared revenue, with gross margins rising again on a quarter-on-quarter basis. Losses in the electric vehicle business may further narrow to RMB 650 million. Xiaomi delivered 76,000 electric vehicles in the first quarter of 2025, and the firm has raised its electric vehicle sales forecast for 2025 to 400,000 units. The firm has increased Xiaomi's adjusted net profit for 2025/26 by 8%/4% and maintains an investment rating of "highly confident to outperform the market."
