Ge Long Hui·2025-06-30 18:09Group 1 - Xiaomi held a "Human-Vehicle-Home Ecosystem" launch event on June 26, introducing several new products including Xiaomi YU7, Xiaomi MIX Flip2, and Xiaomi AI glasses [1] - The AI glasses feature multimodal smart interaction capabilities, allowing users to take photos, record videos, answer questions, and translate via voice commands, with plans for online payment integration with Alipay [2] - The global wearable AI market is projected to reach $39.7 billion in 2024, with a CAGR of 27.7% from 2025 to 2034, indicating significant growth potential in the AI glasses segment [2] Group 2 - The Xiaomi YU7 smart car features an advanced electronic architecture with a four-in-one domain controller module, enhancing control efficiency and reducing energy consumption [2] - The YU7's hardware includes the latest NVIDIA Thor chip with 700 TOPS of computing power, laser radar, and multiple cameras, indicating a strong focus on smart technology in automotive applications [2] - The pre-order data for the YU7 was impressive, with over 289,000 units ordered within the first hour of opening pre-orders [2] Group 3 - The company forecasts net profits of 39.547 billion, 49.793 billion, and 59.665 billion yuan for 2025-2027, with corresponding P/E ratios of 39, 31, and 26 times [3] - The company is expected to maintain a solid foundation in its core mobile and tablet businesses while actively expanding into the smart electric vehicle sector, potentially creating a second growth curve [3] - The ongoing "Human-Vehicle-Home Ecosystem" strategy is anticipated to drive future performance growth, leading to a "buy" rating for the company's stock [3]