Jefferies analyst Edison Lee and others pointed out in a report that, given the pressure on the smartphone business, Xiaomi's third-quarter performance may be below expectations. At the same time, the Internet of Things and electric vehicle businesses are also currently under pressure. The firm has lowered its forecast for the company's EBITDA from 2025 to 2027 by 5%-11%

Xiaomi will announce its first quarter 2025 financial report after the Hong Kong stock market closes on May 27 (Tuesday). According to Bloomberg analysts' expectations, Xiaomi's Q1 revenue was RMB 108.92 billion, a year-on-year increase of 44%; adjusted net profit was RMB 9.06 billion, a year-on-year increase of 40%; adjusted earnings per share was RMB 0.29, a year-on-year increase of 71%.

Xiaomi will announce its first quarter 2025 financial report after the Hong Kong stock market closes on May 27 (Tuesday). According to Bloomberg analysts' expectations, Xiaomi's Q1 revenue was RMB 108.92 billion, a year-on-year increase of 44%; adjusted net profit was RMB 9.06 billion, a year-on-year increase of 40%; adjusted earnings per share was RMB 0.29, a year-on-year increase of 71%.

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Jefferies analyst Edison Lee and others pointed out in a report that, given the pressure on the smartphone business, Xiaomi's third-quarter performance may be below expectations. At the same time, the Internet of Things and electric vehicle businesses are also currently facing pressure. The firm has lowered the company's EBITDA forecasts for 2025-2027 by 5%-11%

Jefferies: Xiaomi's third-quarter performance may be below expectations