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<Results>XIAOMI-W 1Q Adj. Net Profit Dives 43.1% YoY to RMB6.072B, Slightly Above Forecast
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XIAOMI-W (01810.HK) announced its results for 1Q26. It recorded a net profit of RMB4.723 billion, down 56.8% YoY, below market expectations of RMB5.26 billion. Non-IFRS net profit was RMB6.072 billion, down 43.1% YoY, slightly above market expectations of RMB5.83 billion. Gross profit was RMB21.8 billion, down 14.2% YoY. Gross margin decreased to 22% from 22.8% in the same period last year. EPS was RMB0.18. Revenue for 1Q26 was RMB99.142 billion, down 10.9% YoY, higher than market expectations of RMB98.85 billion. Revenue of smart electric vehicle (EV), AI and other new initiatives segment reached RMB19.9 billion, up 6.9% YoY. The company has repurchased shares in the amount of approximately HKD8.4 billion, exceeding last year’s total repurchase amount. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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