Xiaomi Corp (XIACF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Greetings. Welcome to Xiaomi's 2025 Annual Results Announcement Investor Conference Call and Audio Webcast. Today's conference will be recorded. If you have any questions or objections, you may disconnect at this time. If you have questions, please press star 11 on your keypad to register your questions. Now, we will have Mr. Shiran, General Manager of Group Investor Relations and Capital Markets Department, to start. Welcome, everyone. Welcome to the Investor Conference Call and Audio Webcast for the company's 2025 annual results. Before we start the call, we would like to remind you that this call may include forward-looking statements which are underlined by a number of risks and uncertainties and may not be realized in the future for various reasons. Information about general market conditions comes from a variety of sources outside of Xiaomi. This presentation also contains some unaudited non-IFRS financial measures, which should be considered in addition to, but not as a substitute for, the company's financials prepared in accordance with IFRS. We have William Liu, partner and president of Xiaomi Corporation, and Mr. Alan Lam, vice president and CFO of the corporation, to talk to us. Mr. Liu will share recent strategic and business updates. Thereafter, Mr. Lam will view the company's financial performance of 2025, and then after that, we will have the Q&A. Mr. Liu, please. Good evening. Thank you very much for coming to the 2025 full year call. Now, this evening, I'll be talking about three points. First of all, review our main achievements in 2025. Second, share our breakthroughs in hardcore tech, in particular in AI and embodied intelligence. And thirdly, we'll look ahead for the strategic direction focus in 2026. First of all, in 2025, some of our outstandin...