Shiomi’s profit increases by 64.5% to a record of 1.3 billion euros in the first quarter – business

Shiomi said in a statement that these growth signals were “strong indication for 2025.”

“The results have exceeded market expectations,” the first quarter revenues reached 13.6 billion euros or 111.3 billion Renminbi (RMB), “an increase of 47.4% compared to the previous year,” the Chinese technology said.

“The adjusted net profit reached 1.3 billion euros (10.7 billion RMB), which increased by 64.5% compared to the previous year, which indicates a strong start to 2025,” said the growth in all business sectors.

Smartphone income increased by 8.9% to 6.1 billion euros (50.6 billion RMB) in terms of homologous and rose to 3.9 billion euros (32.3 billion RMB) for the Internet of Things (IOT) and ‘lifestyle’ products 58.7%.

Washing machines and refrigerators have reached “record levels” and air conditioners have increased by 65.0% compared to their previous year.

Sales of Intelligent Electric Vehicles (EV), Artificial Intelligence (IA) and other new programs have reached 2.2 billion euros (18.6 billion RMB), “With a total of 75,869 units of vehicle deliveries of 75,869 units.”

Shiomi’s Intelligent Electric Vehicle Business “reaches steady growth and increases production capacity to reach the target of 350,000 vehicles a year,” the company said.

Technology stated, its ‘smartphones’ “after a decade later in China’s first place in the major territory in China, earning 18.8% of the market share.”

“Smartphones have reached 41.8 million units, with seven consecutive quarters for annual growth.

“According to Canalis, Shiomi ranks first in the world smartphone sales ranking in the 19th quarter, with the market share of 14.1% and world trips to homogeneity for seven consecutive trips.”

Shiomi is committed to investing in basic marginalized technologies and becoming a world leader in the evolution of sophisticated technologies “, and I&D (Investigation & Development) expenses reached 818 million euros (6.7 billion RMB) in the first quarter, compared to the previous year.

On March 31, “Shiomi’s I&D staff reached the record of 21,731”.

The Chinese have “expanded its intellectual property capabilities, obtained more than 43,000 patents worldwide” and “plans to invest 24.4 billion euros (200 billion RMB) in I&D in the next five years, strengthened its commitment to basic technical innovations.”