8月8日，小米集团公关部总经理王化辟谣网传"雷军通过富国银行茅XX向海外转出50亿美金"： 经核实，小米集团在全球范围内没有和富国银行以及"茅XX"开展过任何合作，也未有任何形式上的接触。相关言论均已取证，并已经启动司法程序追究 造谣传谣者法律责任！ 编辑：潘海辉 【辟谣!网传雷军通过富国银行 茅 XX 向海外转出 50亿美金?假 消息!】近日,互联网上流出的 -张图片称"雷军通过富国银行 茅 XX 向海外转出 50亿美金"。 新浪科技就此向小米集团求证。 小米集团公关部总经理王化表 示:经核实,小米集团在全球范 围内没有和富国银行以及"茅 XX" 开展过任何合作,也未有任 何形式上的接触。相关言论均已 取证,并已经启动司法程序追究 造谣传谣者法律责任!(新浪科 技) 伊人 千水一万 oHong44629 ranslate pos 小米雷军被曝通过富国银行茅晨月向海外转 ...

Core Viewpoint - Xiaomi Group has denied any collaboration or contact with Wells Fargo and the mentioned entity regarding the alleged transfer of 5 billion USD overseas, and has initiated legal action against the spreaders of false information [1] Group 1 - Xiaomi Group's public relations manager confirmed that there is no partnership with Wells Fargo or the mentioned entity [1] - The company has collected evidence against the rumors and is pursuing legal action to hold the responsible parties accountable [1]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company's product delivery capability continues to improve, with monthly car deliveries exceeding 30,000 units in July 2025, indicating strong production capacity [1][9] - The earnings forecast for the company has been adjusted, predicting earnings per share of 1.42, 1.99, and 2.53 yuan for 2025-2027, respectively, based on the progress of the automotive business and multi-category products [2][10] - The target price is set at 63.20 HKD, based on a 29x PE valuation for comparable companies in 2026 [2][10] Financial Information Summary - Revenue (in million yuan) is projected to grow from 270,970 in 2023 to 728,851 in 2027, with a compound annual growth rate (CAGR) of approximately 23% [4] - Operating profit is expected to increase significantly from 20,009 million yuan in 2023 to 72,781 million yuan in 2027, reflecting a CAGR of around 26% [4] - Net profit attributable to the parent company is forecasted to rise from 17,475 million yuan in 2023 to 65,825 million yuan in 2027, with a CAGR of about 27% [4] - The gross margin is expected to improve from 21.7% in 2023 to 23.7% in 2027 [4] - The net profit margin is projected to increase from 6.4% in 2023 to 9.0% in 2027 [4] - The return on equity (ROE) is anticipated to rise from 10.6% in 2023 to 19.1% in 2027 [4]

Group 1 - The core viewpoint of the report is that due to the downward adjustment of industry valuation, the target price for Xiaomi Group-W (01810) has been lowered by 9% to HKD 70, which corresponds to adjusted net profit P/E ratios of 34.4 times and 25.1 times for the next two years, indicating a potential upside of 29.6% [1] Group 2 - The company is expected to achieve a revenue growth of 32.71% year-on-year in Q2, reaching RMB 117.97 billion, with adjusted net profit increasing by 64.84% to RMB 10.18 billion [1] - In the smartphone segment, due to intense competition in the low-price market, the average selling price (ASP) has slightly decreased year-on-year, leading to a 1.6% decline in smartphone revenue to RMB 45.79 billion, with a gross margin decrease of 0.6 percentage points to 11.5% [1] - The Internet of Things (IoT) segment is projected to see a revenue increase of 36% year-on-year in Q2, reaching RMB 36.39 billion, with a gross margin increase of 3.3 percentage points to 23% [1] - The internet services segment is expected to grow by 11% year-on-year in Q2, with revenue reaching RMB 9.18 billion, although the gross margin is expected to decline by 2.3 percentage points to 76%, maintaining a healthy overall level [1] - Additionally, the company is anticipated to deliver 81,000 units of the Xiaomi SU7 in Q2, generating revenue of RMB 25.92 billion, with a sequential gross margin increase of 1 percentage point to 24.2% [1]

该行预计，小米今年第二季收入同比增32.71%，至1179.67亿元人民币(下同)，经调整净利润同比增 64.84%至101.79亿元。手机业务方面，考虑低价市场竞争激烈，季度小米ASP同比微降，手机收入同比 降1.6%至457.92亿元，毛利率亦同比降0.6个百分点至11.5%。 物联网(IoT)第二季收入料同比增长36%至363.94亿元，毛利率同比增3.3个百分点至23%。互联网业务服 务板块收入于次季同比增11%至91.75亿元，毛利率同比降2.3个百分点至76%，整体维持健康水平。另 外，该行亦预计小米SU7第二季交付量8.1万台，对应收入259.2亿元。毛利率季比升1个百分点至 24.2%。 智通财经APP获悉，中金发布研报称，考虑到行业估值中枢下移，下调小米集团-W(01810)目标价9%至 70港元，对应今明两年34.4倍及25.1倍的经调整净利润市盈率，仍有29.6%的上行空间。维持"跑赢行 业"评级。 ...

Core Viewpoint - The company is expected to see significant revenue growth in Q2 2025, driven by its automotive and IoT businesses, despite challenges in the smartphone segment due to rising storage prices [1][3]. Automotive Business - The company anticipates approximately 81,000 vehicle shipments in Q2 2025, generating revenue of 20.4 billion RMB, a 10% increase quarter-on-quarter [2]. - The gross margin for the automotive segment is expected to improve by 0.5 percentage points to 23.7% as production ramps up [2]. - The company projects total vehicle sales of 436,000 units for the full year 2025, benefiting from economies of scale [2]. - The recent government initiatives to promote high-quality development in the electric vehicle sector are expected to enhance long-term profitability for industry participants [2]. Smartphone, IoT, and Internet Business - The company's smartphone shipments in China are projected to reach approximately 10.4 million units in Q2 2025, reflecting a year-on-year growth of 3.4% and an increase in market share from 14.1% to 15.1% [3]. - Smartphone revenue is expected to remain flat year-on-year, with gross margin potentially declining by 0.9 percentage points to 11.5% due to rising storage costs [3]. - The IoT business is forecasted to grow by 37% year-on-year in Q2 2025, with gross margin expected to remain above 22% [3]. - Internet business revenue is anticipated to grow by 15% year-on-year, maintaining a strong gross margin of around 75% [3]. Profit Forecast and Valuation - The company has revised its revenue forecasts for 2025-2027 downwards by 0.9%, 1.6%, and 1.2% respectively, and net profit forecasts down by 1.3%, 1.7%, and 1.5% to 40.45 billion, 50.47 billion, and 62.29 billion RMB [3]. - The target price for the company is set at 67.8 HKD, down from 71.2 HKD, based on a sum-of-the-parts valuation method, corresponding to a 40 times PE ratio for 2025 [3].

Group 1 - The company expects a 64.84% year-on-year increase in adjusted net profit for Q2 2025, reaching 10.179 billion yuan, with revenue projected to grow by 32.71% to 117.967 billion yuan [1] - In Q2 2025, the company's global smartphone shipments are expected to remain in the top three, with a strong performance in Africa and Latin America, maintaining a market share of 15% [1] - The average selling price (ASP) of smartphones is anticipated to slightly decline to 1,080 yuan, leading to a 1.6% year-on-year decrease in smartphone revenue to 45.792 billion yuan [1] Group 2 - The Internet of Things (IoT) revenue is projected to grow by 36% year-on-year to 36.394 billion yuan, with a gross margin increase of 3.3 percentage points [2] - The internet services segment is expected to see an 11% year-on-year revenue growth to 9.175 billion yuan, maintaining a healthy gross margin of 76% [2] - The automotive segment is forecasted to deliver 81,000 units of the SU7 model in Q2 2025, generating revenue of 25.92 billion yuan, with a gross margin expected to improve by 1 percentage point [2] Group 3 - The company maintains its existing profit forecast, with the current stock price corresponding to 26.5 times and 19.3 times the adjusted net profit for 2025 and 2026, respectively [2] - The target price has been adjusted down by 9% to 70.0 HKD, reflecting a potential upside of 29.6% based on the sum-of-the-parts valuation method [2]

智通财经APP讯，小米集团-W(01810)发布公告，于2025年8月4日-8月7日，根据股份计划发行合计 5762.6万股。 ...

小米集团-W(01810)发布公告，于2025年8月4日-8月7日，根据股份计划发行合计5762.6万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 小米集团 (於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期： 2025年8月7日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | | B | | 於香港聯交所上市 | | 是 | | | 證券代號 (如上市) | 01810 | 說明 | | | | | | | | | 多櫃檯證券代號 | 81810 | RMB 說明 | | | | | | | | | A. 已發行股份或庫存股份變動 ...