Ge Long Hui·2025-07-02 10:09Core Viewpoint - The company has launched new products including the Xiaomi YU7 SUV and Xiaomi AI glasses, enhancing its ecosystem in the automotive and smart device sectors, with a strong focus on technology and R&D investment [1][2][3]. Product Launch - The Xiaomi YU7 SUV was unveiled with three versions: Standard, Pro, and Max, featuring a maximum speed of 22,000 rpm and a range of 760 to 835 km. The vehicle received over 200,000 pre-orders within three minutes of launch [1][2]. - The Xiaomi AI glasses, weighing 40g and equipped with a 12MP camera, are designed as a personal smart device with capabilities for photography, video recording, and third-party app support. The starting price is 1,999 yuan [1][3]. R&D and Market Strategy - The company plans to invest 200 billion yuan in core technology R&D over the next five years, focusing on chips, AI, and operating systems [1][2]. - The company aims to cover all AI application scenarios, integrating AI with mobile phones, vehicles, and smart home devices, positioning itself to benefit from the accelerating development of AI applications [2][3]. Financial Projections - The company has revised its revenue forecasts for 2025-2027, expecting a growth of 35.7%, 27.2%, and 14.8%, reaching 496.7 billion, 631.8 billion, and 725.1 billion yuan respectively. Net profit is projected to grow by 64.2%, 28.4%, and 32.7% during the same period [2][3]. - The current price-to-earnings ratios are projected to be 36.7, 28.6, and 21.6 for the years 2025, 2026, and 2027 respectively [2][3].