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XIAOMI-W's Auto Biz Records Quarterly Earnings for 1st Time; Annual Delivery Target Likely Completed This Wk
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XIAOMI-W (01810.HK) reported a YoY spike of 80.9% in its 3Q25 non-IFRS net profit to a record high of RMB11.311 billion, beating the forecasted range of RMB9.51-10.557 billion from 15 brokers as summarized by our reporters. During the quarter, XIAOMI-W's automotive business logged a profit of around RMB700 million, marking the first time it has seen quarterly earnings. Lu Weibing, President of XIAOMI-W, disclosed that Xiaomi Auto is expected to achieve its annual delivery target of 350,000 vehicles this week. Last quarter, it delivered 108,800 new cars, an increase of 33.8% YoY, bringing the cumulative deliveries to over 260,000 vehicles for 1-3Q25. AAStocks Financial News |
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