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CNBC AI News, August 19, 2025 – Xiaomi Group today released its Q2 2025 earnings report, revealing a significant jump in revenue for its smart home appliance segment. The category experienced a 66.2% year-over-year surge, driven by both increased volume and higher average selling prices.
Notably, Xiaomi’s air conditioner shipments exceeded 5.4 million units, representing a growth rate of over 60% and marking a historical high for the company.
According to reports, Xiaomi Group President Lu Weibing stated during the earnings call that the home appliance market witnessed intense price competition in the first half of the year. He acknowledged the heightened attention from established competitors, saying, “Many of the big players are paying closer attention to us, and they aren’t pulling any punches.” However, he emphasized that Xiaomi successfully weathered the pricing pressures.
Lu Weibing underscored Xiaomi’s commitment to “relentless investment in core technologies.” He stated that Xiaomi is choosing not to participate in the price wars plaguing the home appliance sector and is not concerned with short-term rankings. “Monthly or quarterly rankings are simply not important,” he asserted. “The key is whether the long-term landscape will shift and whether long-term victory will be on Xiaomi’s side.”
“We have 100% confidence in Xiaomi’s major appliance business and are on track to achieve our goals set at the beginning of the year,” Lu Weibing added.
Lu Weibing previously mentioned in a livestream that Xiaomi aims to elevate its air conditioner ranking from fourth to third in the industry this year.
He further made a bold prediction, stating that “by 2030, Xiaomi air conditioners will be among the top two in China,” positioning the company as a leading player in air conditioner sales.
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