Xiaomi Reports 22% Revenue Jump and 81% Profit Surge in Q3

China’s Xiaomi Corp delivered a strong third quarter, posting a 22.3% increase in revenue to 113.1 billion yuan (≈ US $15.90 billion) for the quarter ended September. More impressively, adjusted net profit soared 80.9% year‑on‑year to 11.3 billion yuan (≈ US $1.59 billion), topping analyst expectations of 10.3 billion yuan. Xiaomi said the earnings jump was driven by strong growth in its electric‑vehicle segment, artificial‑intelligence initiatives and other “new businesses,” and the company achieved positive operating income for the first time in a single quarter. For the quarter the EV business alone generated 28.3 billion yuan, up from 20.6 billion yuan in Q2 and 18.1 billion yuan in Q1. Despite the robust performance, Xiaomi’s Hong Kong‑listed shares closed the day down about 2.8%, having already risen 18.2% year‑to‑date. #Xiaomi #Q3Earnings #EVGrowth #ChinaTech #SlimScan #GrowthStocks #CANSLIM