BEIJING, March 18 (Reuters) -

China's Xiaomi ( XIACF ) on Tuesday reported a close to 50%

jump in fourth quarter revenue, beating analyst estimates, and

raised its 2025 target for electric vehicle deliveries to

350,000.

The company reported a 48.8% rise in fourth-quarter

revenue on Tuesday, which totalled 109 billion yuan ($15.09

billion), beating the 103.94 billion yuan average of 17 analyst

estimates compiled by LSEG.

Adjusted net profit rose 69.4% from the same period a year

earlier to 8.32 billion yuan, ahead of the 6.399 billion yuan

average analyst estimate.

Xiaomi's ( XIACF ) Hong-Kong listed shares closed up 3.3% on Monday

before the earnings release. Xiaomi ( XIACF ) surged 284% over the past 12

months as its EV project boosted investors confidence.

Xiaomi ( XIACF ) reported 32.1 billion yuan in revenue for its EV

business in 2024, delivering more than 135,000 SU7 sedans. The

adjusted net loss related to its EV and other new initiatives

reached 6.2 billion yuan.

($1 = 7.2240 Chinese yuan renminbi)