财报季丨单季毛利超越特斯拉，小米总裁称汽车业务年内将实现盈利

Group 1 - The core viewpoint of the article highlights that Xiaomi's smart electric vehicles and AI businesses are expected to achieve profitability in a single quarter or month in the second half of the year [1] - Xiaomi Group reported a total revenue of 116 billion yuan for Q2, a year-on-year increase of 30.5%, marking the third consecutive quarter with revenue exceeding 100 billion yuan [1][3] - The adjusted net profit for Q2 was 10.8 billion yuan, representing a year-on-year growth of 75.4% [1][3] Group 2 - The significant growth in financial data is attributed to the robust performance of smartphones, home appliances, and automotive sectors [3] - In the smart automotive and AI business segment, Q2 revenue reached 21.3 billion yuan, with smart vehicle revenue accounting for over 96%, totaling 20.6 billion yuan, and a gross margin of 26.4%, surpassing Tesla's gross margin of 12.5% in Q1 [3][6] - Xiaomi delivered 81,000 new vehicles in Q2, a year-on-year increase of nearly 11%, with the delivery of the Xiaomi SU7 Ultra contributing to higher overall gross margin and average selling price [3][6] Group 3 - Xiaomi's impressive gross margin performance is attributed to leveraging the advantages of a mature domestic supply chain, exceeding the industry average by over 10 percentage points and surpassing BYD's 22% profit margin forecast for 2024 [6] - Despite being a latecomer in the automotive sector, Xiaomi's financial performance is commendable, with a focus on efficient electric drive and competitive pricing contributing to market capture [6] - The company maintains its annual delivery target of 350,000 vehicles, despite challenges in the competitive landscape and internal operational issues [6][8] Group 4 - There are concerns regarding production capacity, as Xiaomi has delivered over 188,000 vehicles by July, with a recent monthly delivery surpassing 30,000 units, indicating a strong potential to meet the annual target [8] - However, the delivery cycle for new models like the SU7 and YU7 is lengthy, raising risks of customer attrition to competitors if delays persist [8] - Xiaomi faces competition from brands like Xpeng and Zhiji, intensifying in the 200,000 yuan electric vehicle market, while also dealing with sales system disputes that could impact its corporate image [8]