最强季报！小米Q2全品类高端加速突破，手机、汽车、大家电三大板块强劲增长

Core Viewpoint - Xiaomi's Q2 financial report shows record highs in multiple core indicators, driven by growth in smartphones, electric vehicles, and home appliances, achieving impressive revenue and profit growth [1][5]. Financial Performance - Xiaomi achieved revenue of 116 billion yuan in Q2, a year-on-year increase of 30.5%, marking the third consecutive quarter of over 100 billion yuan [1][5]. - Adjusted net profit reached 10.8 billion yuan, a significant increase of 75.4% year-on-year, continuing a trend of exceeding 10 billion yuan for two consecutive quarters [1][5]. Business Segments - The smartphone and AIoT segment generated revenue of 94.7 billion yuan, up 14.8% year-on-year, with smartphone revenue at 45.5 billion yuan and IoT and consumer products revenue at 38.7 billion yuan, which grew by 44.7% [5][6]. - The smart electric vehicle and AI segment reported revenue of 21.3 billion yuan, a remarkable increase of 234% year-on-year, indicating a strong growth trajectory [3][9]. Market Position - Xiaomi maintained its position among the top three global smartphone manufacturers for 20 consecutive quarters, with a market share of 16.8% in China, leading the domestic market [5][6]. - The high-end smartphone sales in mainland China accounted for 27.6% of total smartphone sales, reflecting the success of Xiaomi's high-end strategy [6]. Electric Vehicle Business - Xiaomi's electric vehicle business is on track to achieve profitability in the second half of the year, with a target of delivering 350,000 vehicles by year-end [1][9]. - The cumulative delivery of Xiaomi vehicles exceeded 300,000 units, with a single-month delivery surpassing 30,000 units for the first time in July [9][10]. R&D and Innovation - Xiaomi's R&D investment reached 7.8 billion yuan in Q2, a year-on-year increase of 41.2%, with an expected total investment of 30 billion yuan for the year [11]. - The company is developing its self-researched 3nm chip and has launched the Xiaomi MiMo AI model, which outperforms several mainstream models [3][11]. International Expansion - Xiaomi's home appliance business has established sales and service operations in Southeast Asia and Europe, with plans to expand into Africa and Latin America [8]. - The brand's strong presence in the smartphone market is facilitating the entry of other product categories into international markets [8].