XIAOMI(HK:01810) Sou Hu Cai Jing·2025-10-28 05:40Core Points - Xiaomi's smart home appliance factory in Wuhan has officially commenced production, marking a significant milestone for the company [1][4] - The factory, covering over 500,000 square meters with a total investment exceeding 2.5 billion yuan, is designed to produce smart air conditioners with a peak annual capacity of 7 million units and an expected annual output value of 14 billion yuan [4][9] - The factory features a fully digital and information-based manufacturing platform, achieving a product first-pass yield rate of over 99% through 100% AI visual inspection [7][10] Investment and Production Capacity - The smart appliance factory is expected to begin large-scale production of air conditioners in 2025, with a production rate of one unit every 6.5 seconds [4][9] - Xiaomi aims to establish itself as a leading brand in the home appliance sector, targeting a revenue scale of 100 billion yuan within five years [9][10] Strategic Importance - The factory is part of Xiaomi's "People, Vehicles, and Home" ecosystem strategy, reinforcing its commitment to high investment in technology and self-research in the home appliance business [9][10] - The establishment of the factory is anticipated to attract a number of upstream and downstream enterprises in the supply chain, enhancing Hubei's competitiveness in the smart home appliance sector [10][11] Timeline and Development - The factory's construction timeline includes key milestones such as the signing of the project in August 2024, groundbreaking in November 2024, and structural completion in January 2025 [12][13] - The project has progressed rapidly, with significant efforts made to ensure timely completion and operational readiness [12][13]