Xiaomi Corporation logo

Xiaomi Corporation

1810.HK

HKSETechnologyConsumer Electronics

Latest quote

HK$27.76

−HK$0.06 · -0.22%

Aug 25, 4:08 PM HKT

1810.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Xiaomi Corporation, an investment holding entity, delivers a comprehensive suite of hardware, software, and internet services across a broad international footprint, including Mainland China, India, and Europe. Its business is organized into distinct segments: Smartphones, which is dedicated to the sale of mobile phones; IoT and Lifestyle Products, encompassing smart televisions, portable computers, artificial intelligence speakers, intelligent routers, and a variety of other smart hardware and consumer lifestyle goods; Internet Services, which generates revenue through advertising, value-added online services, online gaming ventures, and financial technology (fintech) initiatives; and Others, primarily focusing on providing repair services for its hardware products. Beyond its core offerings, Xiaomi engages in the wholesale and retail distribution of both its own smartphones and products from ecosystem partners. Its activities also span the development and commercialization of software, hardware, and electronic devices; the comprehensive procurement and distribution of smartphones, partner products, and essential spare parts; the sourcing of raw materials; and the management of its retail outlets. Furthermore, the company invests in research and development for computer software and information technology; participates in property management and commercial factoring; conducts e-commerce and market research; sells digital books; and undertakes various investment, asset management, project investment, property management, and investment and technology consulting endeavors. Its portfolio also includes internet finance, consumer lending, virtual banking, software-related services, IT advisory, electronic payment solutions, and general internet services. Xiaomi Corporation was founded in 2010 and maintains its headquarters in Beijing, People's Republic of China.

Industry
Consumer Electronics
Sector
Technology
Headquarters
CN
CEO
Jun Lei
Listed since
Jul 9, 2018
Employees
52,876

Market position

Day range

Current HK$27.76

52-week range

Current HK$27.76

Open
HK$28.32
Previous close
HK$27.82
Volume
81.49M
0.46× average
Average volume
177.42M
Average daily volume
Market cap
717.84B HKD
Beta
0.72
Market reference 1
50-day average
HK$26.078
+6.45% above average
200-day average
HK$32.7517
-15.24% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
945.01B CNY
P/E (TTM)
18.88×
P/B (TTM)
2.27×
P/S (TTM)
1.41×
EV / EBITDA
24.37×
Earnings yield
4.43%
Free cash flow yield
2.27%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
21.39%
Operating margin
6.07%
Net margin
7.54%
Return on equity
15.64%
Return on assets
8.19%
Return on invested capital
12.19%

Financial health

Debt / equity
0.15×
Current ratio
1.32×
Altman Z-score
2.76
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends24%16%7%-1%Gross margin, FY2021: 17.75%Gross margin, FY2022: 16.99%Gross margin, FY2023: 21.21%Gross margin, FY2024: 20.92%Gross margin, FY2025: 22.26%Operating margin, FY2021: 7.93%Operating margin, FY2022: 1.01%Operating margin, FY2023: 7.38%Operating margin, FY2024: 6.70%Operating margin, FY2025: 10.48%Net margin, FY2021: 5.89%Net margin, FY2022: 0.88%Net margin, FY2023: 6.45%Net margin, FY2024: 6.47%Net margin, FY2025: 9.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 17.75%. Gross margin FY2022 16.99%. Gross margin FY2023 21.21%. Gross margin FY2024 20.92%. Gross margin FY2025 22.26%. Operating margin FY2021 7.93%. Operating margin FY2022 1.01%. Operating margin FY2023 7.38%. Operating margin FY2024 6.70%. Operating margin FY2025 10.48%. Net margin FY2021 5.89%. Net margin FY2022 0.88%. Net margin FY2023 6.45%. Net margin FY2024 6.47%. Net margin FY2025 9.11%.

Income trends

Revenue

457.29B CNY+24.97%

Operating income

47.9B CNY+95.49%

Net income

41.64B CNY+76.02%
Income trends across reported periods502.77B CNY320.84B CNY138.92B CNY−43.01B CNYRevenue, FY2021: 328.31B CNYRevenue, FY2022: 280.04B CNYRevenue, FY2023: 270.97B CNYRevenue, FY2024: 365.91B CNYRevenue, FY2025: 457.29B CNYOperating income, FY2021: 26.03B CNYOperating income, FY2022: 2.82B CNYOperating income, FY2023: 20.01B CNYOperating income, FY2024: 24.5B CNYOperating income, FY2025: 47.9B CNYNet income, FY2021: 19.34B CNYNet income, FY2022: 2.47B CNYNet income, FY2023: 17.48B CNYNet income, FY2024: 23.66B CNYNet income, FY2025: 41.64B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 328.31B CNY. Revenue FY2022 280.04B CNY. Revenue FY2023 270.97B CNY. Revenue FY2024 365.91B CNY. Revenue FY2025 457.29B CNY. Operating income FY2021 26.03B CNY. Operating income FY2022 2.82B CNY. Operating income FY2023 20.01B CNY. Operating income FY2024 24.5B CNY. Operating income FY2025 47.9B CNY. Net income FY2021 19.34B CNY. Net income FY2022 2.47B CNY. Net income FY2023 17.48B CNY. Net income FY2024 23.66B CNY. Net income FY2025 41.64B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue457.29B CNY365.91B CNY270.97B CNY280.04B CNY328.31B CNY
Cost of goods sold355.48B CNY289.35B CNY213.49B CNY232.47B CNY270.05B CNY
Gross profit101.81B CNY76.56B CNY57.48B CNY47.58B CNY58.26B CNY
Research and development33.13B CNY24.05B CNY19.1B CNY16.03B CNY13.17B CNY
Selling, general, and administrative39.87B CNY30.99B CNY24.35B CNY26.44B CNY25.72B CNY
Operating expenses53.9B CNY52.06B CNY37.47B CNY44.76B CNY32.23B CNY
Interest income5.38B CNY4.96B CNY3.56B CNY2.25B CNY1.23B CNY
Interest expense3.63B CNY1.33B CNY1.56B CNY1.13B CNY2.84B CNY
Depreciation and amortization6.41B CNY4.39B CNY3.69B CNY2.46B CNY2.01B CNY
Operating income47.9B CNY24.5B CNY20.01B CNY2.82B CNY26.03B CNY
Net income41.64B CNY23.66B CNY17.48B CNY2.47B CNY19.34B CNY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
82%
9 beats, 2 misses, 0 met estimates
Average EPS surprise
+23.67%
11 comparable reports
Latest EPS result
0.42
Estimate 0.25 · Beat by 63.84%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.550.430.30.17Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 18, 2025: actual 0.351, estimate 0.255, surprise +37.76%, Beat. Q2 2025, reported May 27, 2025: actual 0.454, estimate 0.353, surprise +28.38%, Beat. Q3 2025, reported Aug 19, 2025: actual 0.49, estimate 0.4, surprise +22.58%, Beat. Q4 2025, reported Nov 18, 2025: actual 0.514, estimate 0.407, surprise +26.26%, Beat. Q1 2026, reported Mar 24, 2026: actual 0.269, estimate 0.305, surprise -11.87%, Miss. Q2 2026, reported May 26, 2026: actual 0.205, estimate 0.223, surprise -8.38%, Miss. Q3 2026, reported Aug 18, 2026: actual 0.416, estimate 0.254, surprise +63.84%, Beat. Q4 2026, reported Nov 24, 2026: actual —, estimate 0.241, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates136.15B125.91B115.67B105.43BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Mar 18, 2025: actual 116.05B HKD, estimate 110.67B HKD, surprise +4.86%, Beat. Q2 2025, reported May 27, 2025: actual 118.76B HKD, estimate 117.21B HKD, surprise +1.32%, Beat. Q3 2025, reported Aug 19, 2025: actual 126.87B HKD, estimate 125.09B HKD, surprise +1.42%, Beat. Q4 2025, reported Nov 18, 2025: actual 123.63B HKD, estimate 125.61B HKD, surprise -1.58%, Miss. Q1 2026, reported Mar 24, 2026: actual 130.91B HKD, estimate 129.67B HKD, surprise +0.96%, Beat. Q2 2026, reported May 26, 2026: actual 112.61B HKD, estimate 113.71B HKD, surprise -0.97%, Miss. Q3 2026, reported Aug 18, 2026: actual 125.71B HKD, estimate 125.09B HKD, surprise +0.49%, Beat. Q4 2026, reported Nov 24, 2026: actual —, estimate 127.84B HKD, surprise —, Comparison unavailable.

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