小米汽车业务首次单季盈利 预计本周可完成全年交付目标

Core Insights - Xiaomi's automotive division achieved its first quarterly profit of approximately 700 million yuan, marking a significant milestone for the company [1] - The company reported a third-quarter revenue of 113.1 billion yuan, a year-on-year increase of 22.3%, and a record net profit of 11.3 billion yuan, up 80.9% year-on-year [1] - Xiaomi's total revenue for the first three quarters reached 340.4 billion yuan, nearing last year's total, with adjusted net profit exceeding last year's total at 32.8 billion yuan [1] Automotive Business - The automotive and AI innovation segment generated revenue of 29 billion yuan, a year-on-year increase of over 199%, with smart electric vehicle revenue accounting for 28.3 billion yuan [1] - In the third quarter, Xiaomi delivered over 100,000 new vehicles, bringing total deliveries for the first three quarters to over 260,000 units [2] - Xiaomi's automotive division is on track to meet its annual delivery target of 350,000 units [1] Smartphone and IoT Business - The smartphone and AIoT segment generated revenue of 84.1 billion yuan, with smartphone revenue at 46 billion yuan, showing growth for nine consecutive quarters [2] - Xiaomi's global smartphone shipments reached 43.3 million units in the third quarter, maintaining a strong position in both domestic and international markets [2] - The IoT and lifestyle products segment reported revenue of 27.6 billion yuan, a year-on-year increase of 5.6%, with over 1 billion connected IoT devices [3] High-End Market Strategy - Xiaomi is accelerating its high-end strategy across various product categories, achieving a significant increase in market share in the high-price segment of smartphones [3] - In the high-end smartphone segment (priced between 4,000 and 6,000 yuan), Xiaomi's market share reached 18.9%, an increase of 5.6 percentage points year-on-year [3] - The company is also establishing a high-end product matrix in the electric vehicle sector, with its models SU7 and YU7 leading sales in their respective categories [3] Research and Development - Xiaomi's R&D investment for the first three quarters reached 23.5 billion yuan, nearing the total planned investment for 2024, with expectations to exceed 30 billion yuan for the year [3] - The third quarter saw a record R&D expenditure of 9.1 billion yuan, a year-on-year increase of 52.1%, reflecting the company's commitment to transitioning from an "internet company" to a "hardcore technology company" [3]