Group 1 - The index experienced a change of 0.6% at midday close [4] - The rolling price-to-sales ratio since its inception is 50.9 times, reflecting a 91.9% increase [4]

Group 1 - Xiaomi Group reported a record high in Q2 revenue and net profit, achieving revenue of 116 billion yuan, a year-on-year increase of 30.5%, and an adjusted net profit of 10.8 billion yuan, a year-on-year increase of 75.4% [1] - The automotive business is entering a phase of rapid growth, with significant narrowing of losses and a key breakthrough in the high-end market. Revenue from smart electric vehicles and AI innovation businesses reached 21.3 billion yuan, a year-on-year increase of 234%, with operational losses of 300 million yuan, significantly reduced [1] - Xiaomi's automotive business will not engage in price wars, focusing instead on maintaining healthy business operations, with a goal to expand globally by 2027 [1] Group 2 - Despite intense price competition in the air conditioning market, Xiaomi's home appliance business continues to grow, with revenue from major appliances increasing by 66.2% year-on-year. Air conditioner shipments are expected to exceed 5.4 million units, a year-on-year increase of over 60%, setting a historical record [2] - Xiaomi is the only brand among the top ten online air conditioning brands to achieve both volume and price growth in the first half of the year [2]

他还重申：小米汽车不会参与任何的价格战，不内卷，小米汽车的业务健康度已经是业内一流的水平。 小米汽车2027出海的目标不变，我们已经在做汽车出海的前期调研和准备，中国汽车品牌就要到全球去 参与竞争，我们一起把中国汽车在全球范围之内做大和做强。 8月19日，小米集团发布第二季度业绩公告。第二季度，小米收入和净利润均创单季度历史新高，实现 营收1160亿元，同比增长30.5%；经调整净利润108亿元，同比增长75.4%。 8月20日，小米集团总裁卢伟冰发微博表示，小米集团第二季度财报再创历史新高！和大家汇报一下业 绩情况。 对于汽车业务什么时候扭亏为盈，全年交付目标是否有改变？卢伟冰在视频中表示，小米汽车的业务步 入规模增长的快车道，亏损大幅收窄，超高端实现了关键突破。 第二季度智能电动汽车及AI等创新业务收入213亿元，同比增长234%，业务经营亏损3亿元，大幅收 窄，下半年有望开始盈利。 "不过我们智能电动汽车及AI等创新业务2022年到2025年上半年累计费用投入超过300亿元，所以累计依 然有较大的亏损。" 责任编辑：李思阳 ...

Core Insights - Xiaomi Group reported a significant increase in automotive business revenue, with a 230% year-over-year growth in the second quarter [1] - The company delivered 81,302 vehicles in Q2, a 197.7% increase compared to 27,307 vehicles in the same period last year [1] - The average selling price of Xiaomi vehicles rose by 10.9%, from 228,644 RMB to 253,662 RMB, primarily due to the delivery of the Xiaomi SU7 Ultra [1] Financial Performance - In Q2, Xiaomi Group's total revenue reached 115.96 billion RMB, a 30.5% increase year-over-year, marking the third consecutive quarter exceeding 100 billion RMB [6] - Adjusted net profit for the quarter was 10.83 billion RMB, a substantial increase of 75.4% year-over-year, continuing the trend of surpassing 10 billion RMB for two consecutive quarters [6] - Revenue from smart electric vehicles and AI-related businesses amounted to 21.3 billion RMB, with smart electric vehicle revenue alone at 20.6 billion RMB, up from 6.2 billion RMB in the same quarter last year [6] Business Outlook - The company aims to achieve a total delivery target of 350,000 Xiaomi vehicles for the year, with expectations for smart electric vehicles and AI innovations to become profitable on a quarterly basis in the second half of the year [5] - As of June 30, Xiaomi has established 335 automotive sales outlets across 92 cities in mainland China [5]

8月19日，小鹏汽车公告，2025年第二季度总收入为人民币182.7亿元，较2024年同期上升125.3%，并较 2025年第一季度上升15.6%。2025年第二季度净亏损为人民币4.8亿元，相较而言，2024年同期为人民币 12.8亿元，而2025年第一季度为人民币6.6亿元。 交付量方面，小鹏汽车2025年第二季度总交付103,181台智能电动汽车创历史新高，同比增长241.6%。 ...

交付，依然是小米汽车下半年的头等大事。 8月19日，小米集团发布2025年中期报告。今年上半年，小米集团营收2272.49亿元，经调整净利润 215.06亿元。其中小米智能电动汽车及AI等创新业务(下称"汽车等业务")营收398.43亿元，经营亏损约8 亿元。 单季度来看，本季度小米集团总收入达1160亿元，同比增长30.5%，经调整净利润108亿元，同比猛增 75.4%。 业绩亮眼，主要得益于汽车业务的强劲增长。6月26日，小米第二款新车YU7正式上市，起售价25.35万 元，包含三款车型。YU7一经发布，上市三分钟，大定突破20万台；上市18小时锁单24万辆。 二季度，小米交付超过8万台，汽车业务贡献了213亿元的营收，同比增长234%，占集团总营收超过 18%的份额。 远超市场预期的还有小米汽车的毛利率。二季度，汽车业务相关的毛利率已经达到了26.4%，经营亏损 收窄至仅3亿元。目前小米在售产品共3款——纯电轿车SU7、纯电超跑SU7Ultra、纯电SUV小米YU7， 今年是小米正式发布新车的第二年。值得注意的是，三款车型集体贡献下，小米汽车的ASP(平均销售 价格)是25.4万，含税的话是28.7万元 ...

8月19日，小鹏汽车(XPEV)开盘上涨2.01%，截至21:30，报20.3美元/股，成交4722.92万美元，总市值 193.51亿美元。 财务数据显示，截至2025年03月31日，小鹏汽车收入总额158.11亿人民币，同比增长141.45%；归母净 利润-6.64亿人民币，同比增长51.45%。 本文源自：金融界 作者：行情君 8月19日，小鹏汽车将于(美东)盘前披露2025财年中报（数据来源于纳斯达克官网，预计披露日期为美 国当地时间，实际披露日期以公司公告为准）。 资料显示，小鹏汽车有限公司是中国领先的智能电动汽车公司,设计、开发、制造及营销吸引庞大且不 断增长的热衷科技的中产阶层消费者的智能电动汽车。其使命为通过科技驱动智能电动汽车的变革,引 领未来出行方式。为优化客户的出行体验,小鹏汽车自主研发其全栈式智能辅助驾驶技术和车载智能操 作系统,以及包括动力总成和电子电气架构在内的核心车辆系统。小鹏汽车总部位于中国广州,并在北 京、上海、硅谷、圣地亚哥和阿姆斯特丹设有主要办事处。本公司的智能电动汽车主要于广东省肇庆市 和广州市的工厂生产。 大事提醒： ...

智能电动汽车及AI等 创新业务收入人民币 【#小米二季度营收创历史新高#】8月19日，小米集团（HK01810）发布二季度业绩公告：第二季度营 收1159.6亿元，创单季度营收历史新高，同比增长30.5%；第二季度净利润119.0亿元。小米集团第二季 度集团经调整净利润为108亿元，创历史新高，同比增长75.4%。 小米汽车业务方面，2025年第二季度，小米集团智能电动汽车及AI等创新业务分部收入为人民币213亿 元，其中，智能电动汽车收入为人民币206亿元，其他相关业务收入为人民币6亿元。 8月19日，小米集团合伙人、集团总裁卢伟冰在当晚的业绩电话会上表示，2022年至2025年上半年小米 在汽车等创新业务上的费用投入超300亿元，所以累计来看新业务仍然有较大亏损。对小米汽车全年35 万台的交付目标，卢伟冰表示有信心高质量完成。 雷军回应小米二季度财报# | | | | 木膠番核 | | | | --- | --- | --- | --- | --- | --- | | | | | 截至以下日期止三個月 | | | | | 2025年 | 2024年 | | 2025年 | | | | 6月30日 | 6月 ...

Core Insights - Xiaomi Group's revenue from innovative businesses such as smart electric vehicles and AI saw significant growth in Q2, with a substantial reduction in operating losses, indicating potential for quarterly profitability in the second half of the year [1] - From 2022 to the first half of 2025, Xiaomi's investment in automotive and other innovative sectors exceeds 30 billion yuan, suggesting that cumulative losses in new businesses remain considerable [1] - Xiaomi maintains confidence in achieving its annual delivery target of 350,000 electric vehicles, emphasizing a commitment to high-quality execution [1]

Group 1 - The core viewpoint of the article is that Xiaomi Group reported significant growth in its innovative business segment, particularly in smart electric vehicles and AI, for the second quarter of 2025 [1] - Revenue from the smart electric vehicle and AI segment reached 21.3 billion yuan, representing a year-on-year increase of 233.9% [1] - The revenue from smart electric vehicles alone was 20.6 billion yuan, while other related business revenues amounted to 600 million yuan [1] Group 2 - The gross margin for the smart electric vehicle and AI segment was 26.4% during the second quarter of 2025 [1] - The segment reported an operating loss of 300 million yuan [1] - A total of 81,300 new vehicles were delivered in the reported quarter [1]