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Xiaomi (1810 HK) Q1 2026 (CNY): Revenue 99.14bln (exp. 98.85bln), Net 6.07bln (exp. 5.83bln); notes of headwinds from higher component prices, including memory, and industry competition; plans HKD 20bln share repurchase

News detail

Xiaomi’s R&D expenses increased 33% Y/Y in the first quarter. Company continued to optimise operating efficiency and invest in core technologies such as AI. Capex +20% Y/Y to CNY 3.3bln.

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