小米季度营收1131亿，汽车业务首次单季盈利

Core Insights - Xiaomi Group reported Q3 revenue of 113.1 billion yuan, a year-on-year increase of 22.3%, marking the fourth consecutive quarter of exceeding 100 billion yuan [1] - Adjusted net profit reached 11.3 billion yuan, up 80.9% year-on-year, achieving a historical high [1] Group 1: Financial Performance - Revenue from the smartphone and AIoT segment was 84.1 billion yuan, with smartphone revenue at 46 billion yuan, showing continuous growth in shipment volume for nine consecutive quarters [1][2] - IoT and lifestyle products revenue was 27.6 billion yuan, reflecting a year-on-year growth of 5.6% [1][2] - Internet services revenue reached 9.4 billion yuan, up 10.8% year-on-year, with overseas internet revenue hitting a record high of 3.3 billion yuan [1][2] - Total revenue for the first three quarters reached 340.4 billion yuan, nearing last year's total, with adjusted net profit of 32.8 billion yuan, surpassing last year's total [1] Group 2: Innovation and Market Position - Revenue from the smart electric vehicle and AI innovation segment was 29 billion yuan, with smart electric vehicle revenue at 28.3 billion yuan, achieving over 199% year-on-year growth [1][2] - Xiaomi's global smartphone shipments reached 43.3 million units in Q3, marking nine consecutive quarters of year-on-year growth [2] - In the high-end price segment (4,000-6,000 yuan) in mainland China, Xiaomi's market share reached 18.9%, an increase of 5.6 percentage points year-on-year [2] Group 3: Research and Development - Cumulative R&D investment for the first three quarters reached 23.5 billion yuan, nearing the total planned for 2024, with expectations to exceed 30 billion yuan for the year [2] - Q3 R&D investment was 9.1 billion yuan, a year-on-year increase of 52.1%, marking a historical high [2] Group 4: Product Development - Xiaomi launched the "Xiaomi-MiMo-Audio" voice open-source large model in September, achieving few-shot generalization in the voice field [3] - The company has established smart manufacturing capabilities across three major sectors: smartphones, vehicles, and smart home appliances, covering the entire "people, vehicles, home" ecosystem [3]