Core Viewpoint - The company has announced the launch of its first 3nm chip, the Xiaomi Xuanjie O1, emphasizing the importance of high-end SoC development to support its premium strategy [1]. Group 1: Chip Development - The company restarted its "big chip" business in 2021, focusing on the development of mobile SoCs [1]. - The Xuanjie O1 chip utilizes second-generation 3nm process technology, aiming to rank among the top-tier flagship experiences [1]. - Over the past four years, the cumulative R&D investment in the Xuanjie project has exceeded 13.5 billion RMB, with an expected investment of over 6 billion RMB this year, placing it among the top three in the industry [1]. Group 2: Industry Position - The company acknowledges that despite its 11-year journey in chip development, it is still at the beginning stage compared to competitors who have more accumulated experience in the chip sector [1].

Core Viewpoint - Xiaomi is set to launch multiple significant products, including the self-developed smartphone SoC chip "Xuanjie O1," the Xiaomi 15 Pro smartphone, and the first SUV model "YU7" on May 22, 2023, indicating a strong push into the semiconductor and automotive sectors [1][2][6]. Group 1: Product Launches - The upcoming launch includes the "Xuanjie O1" chip, Xiaomi 15 Pro smartphone, Xiaomi Pad 7 Ultra, and the SUV model "YU7" [2][1]. - The "Xuanjie O1" chip has seen a cumulative R&D investment exceeding 1.35 billion RMB, with a team of over 2,500 people dedicated to its development [6][8]. Group 2: R&D Investment and Strategy - Xiaomi's R&D investment for the current year is expected to exceed 6 billion RMB, positioning the company among the top three in the domestic semiconductor design sector in terms of investment and team size [8][6]. - The company has invested in 110 semiconductor-related enterprises since 2017, covering various fields such as optical chips and automotive chips [15]. Group 3: Historical Context and Milestones - Xiaomi's journey in chip development began in 2014 with the establishment of Beijing Pinecone Electronics, leading to the release of the first self-developed chip, "Panghu S1," in 2017 [14][15]. - The "Xuanjie O1" chip is considered a key milestone in Xiaomi's ten-year journey in chip development, with expectations of significant advancements in technology [10][14]. Group 4: Future Outlook - The launch of the "Xuanjie O1" chip is anticipated to mark a breakthrough in Xiaomi's chip technology autonomy, potentially positioning the company alongside major players like Apple, Samsung, and Huawei [12][17]. - Xiaomi plans to invest over 100 billion RMB in R&D from 2022 to 2026, focusing on AI, operating systems, and chip technology [16].

小米集团董事长雷军微博发文表示，早在11年前，2014年，我们就开始芯片研发之旅。我们深知造芯之 艰难，制定了长期持续投资的计划：至少投资十年，至少投资500亿，稳打稳扎，步步为营。四年多时 间，截止今年4月底，玄戒累计研发投入已经超过了135亿人民币。目前，研发团队已经超过了2500人， 今年预计的研发投入将超过60亿元。现在，我们终于交出了第一份答卷：小米玄戒O1，采用第二代3nm 工艺制程，力争跻身第一梯队旗舰体验。 ...

Core Viewpoint - A domestic smartphone company is set to launch a new mobile SOC chip, potentially using 4nm or 3nm technology, which may rival Qualcomm's Snapdragon 8 Gen 3, positioning it as a leading player in the domestic smartphone chip market [1][3]. Group 1: Company Overview - The smartphone company is based in northern China and is reportedly naming its new chip "Xuanjie O1," utilizing the widely adopted ARM architecture for compatibility with its existing mobile operating system [3]. - The company previously launched a mobile chip in 2017, which faced performance and thermal issues, leading to poor market reception and subsequent suspension of sales [3][5]. - After the initial setback, the company shifted focus to developing less complex chips, such as ISP and fast-charging chips, to build technical expertise before tackling more challenging SOC chip development [5]. Group 2: Technological Advancements - The upcoming SOC chip represents the culmination of eight years of technological accumulation, indicating a significant advancement in the company's capabilities in mobile chip development [5]. - If the new chip indeed utilizes 4nm or 3nm technology and outperforms the Snapdragon 8 Gen 3, it would become the most advanced and powerful domestic smartphone SOC chip available [5][6]. Group 3: Market Implications - There is a high level of consumer interest in domestically developed SOC chips, and the successful launch of this chip could enhance the company's position in the domestic smartphone market, potentially allowing it to secure the top market share in 2024 [7].

Core Viewpoint - The ongoing controversy surrounding Xiaomi's SU7 Ultra model has escalated, with numerous consumers seeking resolutions for perceived discrepancies between the vehicle's advertised features and actual performance [10][14][18]. Group 1: Consumer Complaints and Legal Actions - A prominent social media influencer, "风云XTony," reported a meeting with Xiaomi's executives regarding the SU7 Ultra model, but no agreement was reached on compensation for affected customers [2][3]. - A group of over 70 car owners has formed a litigation group, planning to sue Xiaomi for false advertising, demanding a "triple compensation" for their losses [4]. - The dissatisfaction stems from claims that the vehicle's features, such as the carbon fiber hood, do not perform as advertised, leading to demands for refunds of deposits totaling 20,000 yuan [10][14]. Group 2: Company Response and Public Relations - Xiaomi's Vice President, Li Xiaoshuang, publicly denied the accuracy of reports regarding the discussions and emphasized the company's willingness to engage with customers directly [6][7]. - Xiaomi's public relations head supported Li's stance, encouraging open communication with users and dismissing rumors as distractions [9]. - CEO Lei Jun acknowledged the company's responsibility as a major player in the automotive industry, emphasizing the need for enhanced safety standards and accountability following a recent tragic accident involving the SU7 [15][21].

Core Viewpoint - Company reported significant growth in gross margin and aims to exceed historical revenue levels in 2025 [2][10] Financial Performance - In Q1 2025, the company achieved a revenue of 206 million yuan, a year-on-year increase of 0.52% [11] - The net profit attributable to shareholders was 34.42 million yuan, up 19.4% year-on-year [11] - The net profit after deducting non-recurring items was 32.58 million yuan, reflecting a 31.75% increase year-on-year [11] - The gross margin stood at 34.46% [11] - The company has a debt ratio of 7.93% and reported investment income of 9.51 million yuan [11] Product Development - The company has improved its gross margin due to lower wafer prices and the introduction of cost-effective new products [2] - The second-generation automotive-grade MCU has enhancements in frequency, interfaces, and resources compared to the first generation, making it more competitive [3] - The company is expanding its automotive-grade control chips into general and specialized products, focusing on high-performance SoC designs for applications like motor control and battery management [4] Market Presence - The automotive-grade chips have been adopted by several well-known car manufacturers, including Changan, Seres, Hongqi, and Geely [6] - The company is experiencing a continuous increase in orders for automotive MCUs [5] Industrial Growth - Growth in the industrial control sector is primarily driven by the demand for brushless motor drive control products [7] Supply Chain and Pricing - The company has not received any price adjustment notifications from foundries and maintains stable relationships with suppliers, ensuring reasonable pricing and capacity [9]

雷军最新发文。 今日早间，雷军还转发了人民网评小米芯片即将问世相关微博，并引用文章内容写道："只要坚定实干，就没有不可逾越的高山；只要奋起直追，后来者 永远有机会。" 公开资料显示，早在2014年，小米就成立了松果电子公司，负责芯片研发设计。2017年，小米松果发布首款手机芯片——澎湃S1，使得小米成为继苹 果、三星、华为之后的第四家能够自主制造手机芯片的手机厂商。但随后小米的自研芯片却少有动静，在小米十周年的发布会上，雷军坦言，芯片研发遇 到困难，但并没有放弃对澎湃的研发。 2018年9月，湖北小米长江产业基金成立，募集资金120亿元。随后，该基金在半导体领域频频出手，据不完全统计，小米长江产业基金投资的来自芯片领 域相关企业超过40家。 本次小米自研的手机SoC芯片名为"玄戒O1"。企查查显示，北京玄戒技术有限公司（以下简称"北京玄戒"）成立于2023年10月26日，注册资本为30亿元， 执行董事为曾学忠。 5月16日早间，小米创始人雷军在微博发文称，"十年饮冰，难凉热血！小米造芯路，始于2014年9月。时间过得好快，转眼十多年过去了……" 昨日晚间，雷军发文宣布，小米自主研发设计的手机SoC芯片即将在5 ...

雷军最新发文。 5月16日早间，小米创始人雷军在微博发文称，"十年饮冰，难凉热血！小米造芯路，始于2014年9月。时间过得好快，转眼十多年过去了……" 昨日晚间，雷军发文宣布，小米自主研发设计的手机SoC芯片即将在5月下旬发布，名字叫玄戒O1。 今日早间，雷军还转发了人民网评小米芯片即将问世相关微博，并引用文章内容写道："只要坚定实干，就没有不可逾越的高山；只要奋起直追，后来者永远有机 会。" 公开资料显示，早在2014年，小米就成立了松果电子公司，负责芯片研发设计。2017年，小米松果发布首款手机芯片——澎湃S1，使得小米成为继苹果、三星、华 为之后的第四家能够自主制造手机芯片的手机厂商。但随后小米的自研芯片却少有动静，在小米十周年的发布会上，雷军坦言，芯片研发遇到困难，但并没有放弃 对澎湃的研发。 2018年9月，湖北小米长江产业基金成立，募集资金120亿元。随后，该基金在半导体领域频频出手，据不完全统计，小米长江产业基金投资的来自芯片领域相关企 业超过40家。 本次小米自研的手机SoC芯片名为"玄戒O1"。企查查显示，北京玄戒技术有限公司（以下简称"北京玄戒"）成立于2023年10月26日，注册资本为3 ...

Group 1 - Geely announced significant management changes and revealed the rationale behind the privatization of Zeekr, emphasizing the need for integration to enhance competitiveness [4][5] - Geely set ambitious targets post-merger, including a cost reduction goal exceeding 3%, R&D optimization of 10-20%, and management efficiency improvements of 10-20% [4][5] - Zeekr's R&D expenses for Q1 amounted to 2.91 billion, a decrease of 1 billion compared to the previous year [5] Group 2 - Xiaomi's self-developed SoC chip, named "Xuanjie O1," is set to be released, marking a significant milestone in its decade-long chip development journey [7][9] - The new chip will debut in the Xiaomi 15S Pro, showcasing Xiaomi's commitment to high-quality, self-designed technology [7][9] Group 3 - Leap Motor's COO stated that price cuts are merely decisions, while cost reduction is a true capability, indicating ongoing price wars in the automotive industry [11] - The automotive sector is expected to experience continued price competition, driven by technological advancements that will lower overall costs [11] Group 4 - General Motors' Chinese import vehicle platform, Daolang, faced a sudden layoff of approximately 200 employees, with compensation based on tenure [12] - GM stated that the restructuring of Daolang was due to significant changes in the economic landscape, impacting its operations in China [12] Group 5 - XPeng Motors announced a major redesign of the XPeng P7, with the chairman highlighting the emotional investment in the project [13][15] - XPeng's delivery numbers showed a significant year-on-year increase, with a total of 129,053 vehicles delivered in the first four months of 2025, representing a 313% growth [15] Group 6 - Alibaba's entertainment division reported a revenue increase of 12% year-on-year, achieving an adjusted EBITDA of 36 million for Q1 2025, marking a turnaround from previous losses [18] - The overall revenue for Alibaba in Q1 2025 reached 236.45 billion, with a net profit of 12.38 billion [18] Group 7 - Microsoft announced a global layoff of 6,000 employees, with over 40% of the cuts affecting software engineering roles due to the impact of AI on job functions [27] - The introduction of AI tools is reshaping project management roles, leading to a reduction in team sizes and project timelines [27] Group 8 - Great Wall Motors plans to establish a research and development center and manufacturing base in Brazil, with an initial production capacity of 50,000 vehicles [25] - The investment in Brazil is projected to exceed 10 billion Brazilian Reais over the next decade, aiming to cater to the Latin American electric vehicle market [25]

证券代码：301592 证券简称：六九一二 四川六九一二通信技术股份有限公司 投资者关系活动记录表 编号：2025-001 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员姓名 | 线上参与六九一二（301592）2024年年度暨2025年第一季度业绩说 | | | 明会的全体投资者 | | 时间 | 2025年05月14日 15:30-16:30 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 董事长 蒋家德先生 | | | 总经理 吴宏钢先生 | | | 财务总监 姜珂先生 | | | 董事会秘书 唐羚譞先生 | | | 独立董事 李子扬先生 | | | 保荐代表人 崔攀攀先生 | | | 保荐代表人 张新炜先生 1.2024年公司营业收入和净利润均实现了显著增长，能否详细 | | 投资者关系活动主要内容 介绍 | 分析一下 ...