小米集团 20250318 请介绍一下小米集团在 2024 年取得的主要业绩和财务表现。 2024 年，小米集团重回高速增长，全年收入及净利润均创历史新高。集团总收 入达到 3,659 亿元，同比增长 35%，经调整的利润达到 272 亿元，同比增长 41%。 全年智能电动汽车等创新业务亏损 62 亿元，经还原后，小米的核心业务利润达 到历史新高 335 亿元，核心业务的利润率达到 10%。从季度来看，第四季度收 入首次突破 1,000 亿元人民币，达到 1,090 亿人民币，同比增长 48.8%。 • 2024 年小米集团总收入同比增长 41%，达 1,090 亿元人民币，核心业务利 润创历史新高，达 335 亿元人民币，核心业务利润率达 10%。 • 2024 年小米智能手机出货量同比增长超过 15%，全球市场份额增至 13.8%， 稳居全球前三，中国大陆市场第四季度出货量升至第二名，高端化战略在 4,000 元价格段取得突破。 • 小米 AIoT 业务收入首次突破 1,000 亿元人民币，同比增长 30%，毛利率达 20.3%，创历史新高，智能大家电出货量同比增长 47.4%，可穿戴设备全球 排名第二。 ...

Financial Data and Key Metrics Changes - In 2024, Xiaomi Group achieved total revenue of JPY365.9 billion, a year-on-year increase of 35% [8] - Adjusted net profit reached JPY27.2 billion, reflecting a year-on-year increase of 41% [8] - The comprehensive gross profit margin for the year was 20.9%, showing stable performance [28] - In Q4 2024, revenue exceeded RMB100 billion for the first time, reaching RMB109 billion, with a year-on-year growth of 48.8% [27] Business Line Data and Key Metrics Changes - Mobile phone revenue for 2024 was RMB191.8 billion, accounting for 52.4% of total revenue, with a year-on-year growth of 21.8% [29] - IoT and consumer products revenue exceeded RMB100 billion for the first time, increasing by 30% year-on-year to RMB104.1 billion [34] - Internet services revenue reached RMB34.1 billion, a new historical high with a year-on-year increase of 13.33% [37] Market Data and Key Metrics Changes - Xiaomi's global smartphone shipments were 168.5 million units, a year-on-year increase of 15.7%, maintaining a market share of 13.8% [30] - In the Chinese market, the proportion of high-end smartphones reached 23.3%, a year-on-year increase of 3 percentage points [32] - The wearable wristband products ranked second globally with a market share of 15.2% [11] Company Strategy and Development Direction - The company is focusing on a "Human, Car, and Home" strategy, aiming for high-end development across all product categories [13][24] - Xiaomi plans to expand its retail network to 20,000 stores by the end of 2025, including 500 overseas stores [19] - The company aims to increase R&D investment to JPY30 billion in 2025, emphasizing technological innovation [14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of technological innovation and the potential for growth in overseas markets, which are expected to be twice the size of the domestic market [53] - The company anticipates a stable operating environment with some price volatility in components, but expects overall growth in the high-end product segment [75] - Management expressed confidence in achieving higher profitability in the automobile business in the coming years, despite current losses [82] Other Important Information - Xiaomi's R&D expenditure reached RMB24.1 billion in 2024, an increase of 25.9% compared to the previous year [41] - The company was recognized as a Chinese ESG model enterprise, reflecting its commitment to social responsibility [44] Q&A Session Summary Question: Regarding the EV business and production capacity - Management confirmed that they are improving production capacity and have set a target of delivering 350,000 units [52] Question: Plans for overseas expansion and resource allocation - Management indicated that overseas markets present significant growth potential, with ongoing expansion of Xiaomi Home stores in various countries [55] Question: AI adoption and investment - Management acknowledged that true AI adoption is still a few years away, with significant investment planned for AI technologies [61] Question: Impact of national subsidies on growth - Management clarified that national subsidies had minimal impact on Q4 growth, particularly for mobile phones [72] Question: Future profitability of the automobile business - Management stated that while the automobile business is currently in a heavy investment phase, they expect improvements in gross margins and profitability in the future [82] Question: Growth in the Internet business - Management attributed the growth in the Internet business to an expanding user base and increased advertising revenue [84] Question: Retail network expansion speed and future forecast - Management confirmed plans to expand the retail network significantly, aiming for 20,000 stores by 2025 [92] Question: Opportunities in large home appliances - Management expressed optimism about growth potential in large home appliances, emphasizing their competitive edge in smart technology [102]

本报记者 向炎涛 3月18日，小米集团发布2024全年及2024年第四季度财报，创下史上最强年度业绩。财报显示，2024年小米集团总收入同 比增长35.0%至人民币3659亿元；经调整净利润同比增长41.3%，达人民币272亿元。 2024年第四季度，小米集团单季营收首次破千亿元，达人民币1090亿元，同比增长48.8%，刷新单季业绩历史纪录。 当天，小米集团创始人，董事长兼CEO雷军也在微博上就业绩报喜。雷军还透露了小米汽车最新进展。他表示，小米刚刚 交付了第20万辆小米汽车。小米汽车一直在全力提升产能，已经取得一些进展，2025年全年交付目标提升至35万台。 雷军：小米集团发布"史上最强年报"！ 小米一系列高端化突破，背后是小米研发实力的支撑。围绕2020-2030"新十年目标"，小米集团研发投入强度稳步提升： 2024年研发支出达人民币241亿元，同比增长25.9%，研发人员总数提升至21190人；知识产权成果不断积累，截至2024年末， 小米获得全球专利超4.2万件，其中汽车领域授权专利突破1000项。 继手机、汽车超级工厂之后，小米又再次建设首座智能家电工厂。至此，小米完整构建了"人车家全生态"的自 ...

Xiaomi Corporation 2024 Fourth Quarter and Annual Results Disclaimer By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Xiaomi Corporation (the "Company", and together with its subsidiaries, the "Group") for use in presentations by the Group and does not constitute a recommendation regarding the securities of the Group. No part of t ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Mustafa ezz from Pexels Chinese consumer tech giant Xiaomi on Tuesday announced a surge in annual revenue, propelled by strong smartphone sales alongside a continued push into the electric vehicle sector. The Beijing-based firm manufactures a diverse array of tech gadgets ranging from smartphones and laptops to rice co ...

Group 1 - Xiaomi plans to sell its electric vehicles (EVs) outside of China within the next few years, indicating its ambition to compete in the global EV market against established players like Tesla [2] - The company launched its first luxury EV, the SU7 Ultra, in China, priced at 529,000 Chinese yuan (approximately $72,627), and received 15,000 orders within 24 hours of its launch [3] - The announcement was made by Xiaomi's President William Lu during the Mobile World Congress in Barcelona, highlighting the company's excitement about expanding its EV offerings to global markets [2][3] Group 2 - The SU7 Ultra will be officially launched on the evening of February 27, 2025, and will be showcased at Xiaomi's booth at the Mobile World Congress [1][3] - While specific timelines for international sales were not provided, the comments from the company reflect a strategic move to enhance its presence in the competitive EV landscape [2]

The Xiaomi 15 Ultra, in the foreground, and the Xiaomi 15 in the background."Xiaomi has been hugely successful of building its brand with affordable technology and but now it's moving up the value chain as it moves more into premium devices and that's well-suited to the European market where we see an affluent audience," Ben Wood, chief analyst at CCS Insight, told CNBC.Both devices are powered by Qualcomm's Snapdragon 8 Elite Mobile Platform, one of the latest processors. The 15 Ultra model also comes with ...

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Group 1 - Xiaomi Group's stock price reached a new high of 50.9 HKD, with a market capitalization of 1.27 trillion HKD, before experiencing a slight decline [1] - The company's market value surpassed 1 trillion HKD in early February, entering the global top 100 by market capitalization, compared to around 12 HKD at the beginning of 2024 [1] - The focus remains on Xiaomi's mobile and automotive businesses, with upcoming product launches generating significant market interest [1] Group 2 - Xiaomi's CEO Lei Jun indicated that the new Xiaomi 15 Ultra will likely see a price increase due to rising R&D and component costs, with the previous model priced at 6499 RMB [2] - Several financial institutions have maintained a "buy" rating for Xiaomi, with target prices ranging from 38 to 57.74 HKD, indicating a bullish outlook [2] - Citigroup has removed Xiaomi from its "most buyable" list following the stock's recent rise, while also adjusting the Hang Seng Index targets upward [2] Group 3 - Analysts express a significant divergence in Xiaomi's valuation, suggesting that the stock may already reflect future earnings, and comparisons are being made to the past performance of leading new energy vehicle companies [3] - Future performance will depend on Xiaomi's hardware gross margins and the profitability contributions from its ecosystem companies [3]

Group 1 - The core viewpoint of the report is that Huaxing Securities has upgraded Xiaomi Group to a "Buy" rating and significantly raised its target price to HKD 52.00 [1] - Xiaomi's revenue for the fourth quarter of last year is expected to exceed RMB 100 billion for the first time, reaching RMB 105 billion, a year-on-year increase of 40% [1] - Smartphone revenue is projected to be RMB 49 billion, with a 6% year-on-year increase in average selling price due to higher contributions from premium models [1] Group 2 - IoT revenue is expected to grow by 46% year-on-year to RMB 29.7 billion, benefiting from domestic stimulus policies [1] - Internet services revenue is anticipated to increase by 13% year-on-year to RMB 8.9 billion, with notable performance in electric vehicle deliveries and revenue [1] - Overall gross margin is expected to improve by 20 basis points quarter-on-quarter to 20.6% [1] Group 3 - Revenue and profit growth for Xiaomi in 2025 will be driven by three factors: national consumption subsidy policies, expansion of electric vehicle production capacity and introduction of new models, and the monetization of CEO Lei Jun's personal brand along with the implementation of Xiaomi's new retail strategy [1] - Based on higher revenue forecasts for the IoT and electric vehicle segments, Huaxing Securities has raised Xiaomi's revenue forecasts for 2024-2026 by 2%-5% [2] - Adjusted net profit forecasts for 2024-2026 have been increased by 4%-21%, with a projected CAGR of 22% for adjusted net profit during this period [2]