XIAOMI(HK:01810) Zhong Guo Zhi Liang Xin Wen Wang·2025-10-28 06:50Core Insights - Xiaomi's smart home appliance factory in Wuhan officially commenced production on October 28, 2025, marking a significant advancement in its "human-vehicle-home ecosystem" strategy in smart manufacturing [1] - The factory, which is Xiaomi's third major manufacturing base following its automotive and smartphone factories, is crucial for supporting its smart manufacturing initiatives [1] - The factory covers over 750 acres with a planned investment exceeding 2.5 billion yuan, aiming for an annual production capacity of 7 million units and an expected annual output value of 14 billion yuan [1] Group 1 - The smart home appliance factory was constructed in a record time of 11 months, showcasing the "Wuhan speed" and "Optics Valley speed" [1] - The factory aims to set a new benchmark in smart and green manufacturing by incorporating technologies such as digital twins, AI visual inspection, and aerial logistics for comprehensive production management [1] - The factory boasts a first-pass yield rate exceeding 99%, with a production rate of one high-end air conditioner every 6.5 seconds, achieving an annual production capacity of 51 units per square meter [1] Group 2 - Xiaomi's home appliance business has experienced rapid growth, with air conditioner shipments surpassing 5.4 million units in Q2, maintaining a growth rate exceeding 50% for three consecutive quarters [2] - The company aims to reach a scale of 100 billion yuan in its home appliance business over the next five years, with a goal of ranking among the top two in the Chinese air conditioner market [2] - Wuhan has become a key hub for Xiaomi's home appliance ecosystem, establishing a complete industrial chain from design to manufacturing [2]