XIAOMI(HK:01810) Sou Hu Cai Jing·2025-09-15 05:32Group 1 - Xiaomi's President Lu Weibing announced the early launch of the Xiaomi 17 series, directly targeting Apple's iPhone 17 [1] - Xiaomi's founder Lei Jun emphasized that the Xiaomi 17 series represents a significant upgrade in product capabilities and is positioned to compete head-to-head with iPhone [1] - The launch of the Xiaomi 17 series is seen as a key milestone in the company's high-end strategy, reflecting the progress made in gaining consumer and industry recognition [3] Group 2 - Over the past five years, Xiaomi has invested more than 100 billion RMB in R&D, with plans to increase this to 200 billion RMB over the next five years, focusing on foundational technology, AI applications, and smart ecosystem development [5] - Xiaomi's R&D investment is set to reach approximately 24 billion RMB in 2024 and is expected to exceed 30 billion RMB in 2025, with a cumulative investment of about 105 billion RMB from 2021 to 2025, and an increase to 200 billion RMB from 2026 to 2030 [8] - As of September 2024, R&D personnel account for about 48.6% of the workforce, with over 41,000 global patents and ranking 8th globally in 5G standard essential patent declarations; Xiaomi's investment intensity is approximately 6.57%, compared to Apple's 7.80% [8]