Xiaomi Corporation, an investment holding company, engages in the development and sales of smartphones in Mainland China and internationally.MoreShow less
Profile & Fundamentals
Xiaomi (1810.HKEX) Profile & Fundamentals
Review Xiaomi reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
Xiaomi: Company Profile & Ownership
Xiaomi Corporation, an investment holding company, engages in the development and sales of smartphones in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and smart electric vehicles segments. The company also offers internet of things (IoT) and lifestyle products comprising smart large home appliances, smart TVs, tablets, wearables and other IoT and lifestyle products; hardware repairment services for products; installation services for certain IoT products; and sale of materials. In addition, it provides internet services, such as advertising, online game, and fintech services; and development, manufacture, and sales of smart electric vehicles. Further, the company in the wholesale and retail of smartphones and ecosystem partners' products; investment activities; sales of smart hardware; software and hardware development; procurement and sales of smartphones, ecosystem partners' products and spare parts, and raw materials; operation of retail stores; and commercial factoring and e-commerce business. Additionally, it provides intra-group capital supervision, collection, remittance, credit guarantee, and interest rate risk management; customer; software related; promotion; electronic payment technology; and technical services. Xiaomi Corporation was incorporated in 2010 and is headquartered in Beijing, the People's Republic of China.
Company profile record
Xiaomi Corp
Common Stock · Information Technology · Technology Hardware, Storage & Peripherals
Company
- Company / asset
- Xiaomi Corp
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Technology Hardware, Storage & Peripherals
- HQ
- 🇨🇳 China
- Head office
- Xiaomi Campus, Beijing, China
Leadership & scale
- Chief executive
- Mr. Jun Lei
- CEO year born
- 1969
- Full-time employees
- 52.9K
- Fiscal year end
- December
Fundamentals snapshot
- Market Cap
- HKD 805.3B
- P/E
- 21.7x
- Revenue (Q2 26)
- CNY 108.5B
- Profit (Q2 26)
- CNY 9.4B
- Dividend Yield
- --
- Revenue (FY 25)
- CNY 457.3B
- Shares in public float
- 17.2B
- Insider ownership
- 20.45%
Reporting & identifiers
- Symbol
- 1810.HKEX
- Listing
- 🇭🇰 Hong Kong | Dividend Tax: 0%
- Ticker Currency
- HKD
- Income Statement Currency
- CNY
- Balance Sheet Currency
- CNY
- Cash Flow Currency
- CNY
- EPS Currency
- CNY
- Contract Type
- SPOT
- ISIN
- KYG9830T1067
- Asset ID
- equity_d3232e9c-432e-5a27-a286-7ab5401f97b9
Xiaomi: Ownership
Shares Outstanding
Latest: 26.5B | Max: 26.7B | Min: 23.8B
Latest reported ownership snapshot
Float Shares
64.80%
17.2B latest reported shares
Insider Ownership
20.45%
Latest reported insider stake
Short Float
--
Latest reported short interest / float
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 23,827,382,000 |
| 2018-01-01 | 23,827,382,000 |
| 2019-01-01 | 23,827,382,000 |
| 2020-01-01 | 25,183,019,000 |
| 2021-01-01 | 26,408,533,300 |
| 2022-01-01 | 25,297,383,000 |
| 2023-01-01 | 25,324,991,000 |
| 2024-01-01 | 25,591,984,000 |
| 2025-01-01 | 26,695,326,000 |
| 2026-01-01 | 26,508,777,000 |
Top Holders
Available reported ownership records.
No reported records are available in this preview.
Xiaomi: Earnings, Profitability & Valuation
Latest Financials Filed On
Cash Flow: CNY→USD conversion reference as of . Historical periods use their own dated rates.
Cash Flow: HKD→USD conversion reference as of . Historical periods use their own dated rates.
Income Statement: CNY→USD conversion reference as of . Historical periods use their own dated rates.
Income Statement: HKD→USD conversion reference as of . Historical periods use their own dated rates.
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Headline financial results tell a story of short-term digestion following record performance in 2025. In the second quarter of 2026, revenue softened to roughly 109 billion renminbi and adjusted net profit declined under heavy memory component cost pressures. Meanwhile, the newer smart vehicle business brought in over 24 billion renminbi in quarterly sales, showing that customer appetite for new products remains healthy despite broader retail hesitation. Crucially, reported numbers hide an important split between accounting figures and actual cash. While accounting net income stayed positive at over 9 billion renminbi, trailing twelve-month free cash flow turned negative due to major factory tooling investments. As component price spikes ease and vehicle manufacturing volumes ramp up, underlying cash generation should reconnect with reported earnings.
Headline financial results tell a story of short-term digestion following record performance in 2025. In the second quarter of 2026, revenue softened to roughly 109 billion renminbi and adjusted net profit declined under heavy memory component cost pressures. Meanwhile, the newer smart vehicle business brought in over 24 billion renminbi in quarterly sales, showing that customer appetite for new products remains healthy despite broader retail hesitation. Crucially, reported numbers hide an important split between accounting figures and actual cash. While accounting net income stayed positive at over 9 billion renminbi, trailing twelve-month free cash flow turned negative due to major factory tooling investments. As component price spikes ease and vehicle manufacturing volumes ramp up, underlying cash generation should reconnect with reported earnings.
Revenue, Net Income, and Free Cash Flow
Latest: CNY 457.3B | Max: CNY 457.3B | Min: CNY -43.8B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 24x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Profit margins are moving in opposite directions across different business divisions. Consolidated gross margin dropped to just under twenty percent in mid-2026, weighed down by smartphone gross margins falling to 8.5 percent as computer memory chips became unusually expensive. At the same time, the car division produced an operating loss as introductory pricing met early factory setup expenses. In contrast, the internet services business delivered outstanding gross margins near seventy-seven percent, providing a steady stream of pure profit. Because memory chip price spikes are typically temporary commodity cycles, smartphone margins should eventually recover, joining software profits to lift consolidated margins back toward double digits.
Profit margins are moving in opposite directions across different business divisions. Consolidated gross margin dropped to just under twenty percent in mid-2026, weighed down by smartphone gross margins falling to 8.5 percent as computer memory chips became unusually expensive. At the same time, the car division produced an operating loss as introductory pricing met early factory setup expenses. In contrast, the internet services business delivered outstanding gross margins near seventy-seven percent, providing a steady stream of pure profit. Because memory chip price spikes are typically temporary commodity cycles, smartphone margins should eventually recover, joining software profits to lift consolidated margins back toward double digits.
Profitability Margins
Latest: 22.3% | Max: 22.3% | Min: -38.2%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
22.3%
Gross profit / revenue
Operating Margin
10.5%
Operating income / revenue
Net Margin
9.1%
Net income / revenue
FCF Margin
4.7%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 9,846,641,870.5 | 79,604,316.55 | 389,211,366.91 |
| 2017-12-31 | 17,607,487,250.38 | -6,732,106,912.44 | -340,011,520.74 |
| 2018-12-31 | 25,423,753,633.72 | 1,970,041,569.77 | -755,789,244.19 |
| 2019-12-31 | 29,574,523,275.86 | 1,443,127,011.49 | 2,931,780,316.09 |
| 2020-12-31 | 37,651,704,900.46 | 3,117,228,790.2 | 2,887,132,771.82 |
| 2021-12-31 | 51,620,934,748.43 | 3,040,773,742.14 | 411,316,823.9 |
| 2022-12-31 | 40,586,089,275.36 | 358,555,072.46 | -1,476,710,144.93 |
| 2023-12-31 | 34,695,280,537.77 | 2,237,538,156.21 | 4,934,027,464.79 |
| 2024-12-31 | 47,092,194,337.19 | 3,044,803,861 | 4,118,171,428.57 |
| 2025-12-31 | 65,420,126,895.57 | 5,957,566,380.54 | 3,057,685,550.79 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
Scroll the table to see every column.
| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 23.5 | Trailing four quarters |
| 2024-12-31 | 36.5 | Trailing four quarters |
| 2023-12-31 | 20.6 | Trailing four quarters |
| 2022-12-31 | 98.8 | Annual net income |
| 2021-12-31 | 21 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 10.59 | 5.53 | 0.81 | 3.95 |
| 2017-12-31 | 13.22 | 10.66 | -38.23 | -1.93 |
| 2018-12-31 | 12.69 | 0.68 | 7.75 | -2.97 |
| 2019-12-31 | 13.87 | 5.71 | 4.88 | 9.91 |
| 2020-12-31 | 14.95 | 9.78 | 8.28 | 7.67 |
| 2021-12-31 | 17.75 | 7.93 | 5.89 | 0.8 |
| 2022-12-31 | 16.99 | 1.01 | 0.88 | -3.64 |
| 2023-12-31 | 21.21 | 7.38 | 6.45 | 14.22 |
| 2024-12-31 | 20.92 | 6.7 | 6.47 | 8.74 |
| 2025-12-31 | 22.26 | 10.48 | 9.11 | 4.67 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-05.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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