每经AI快讯，有投资者在投资者互动平台提问：董秘好，相较于传统云端AI，端侧AI在低延迟、数据 安全等方面更具优势，会畅通讯的全栈自研能力处于该领域领先地位，可否可以说一下，贵公司在国内 有竞争对手吗？还是在该领域在世界一家独大？ 会畅通讯（300578.SZ）8月22日在投资者互动平台表示，公司定位于智能视频通讯企业，致力于通 过"云+AI+硬件"为客户提供更好的解决方案和体验。在硬件方面，公司已在探索最新的端侧AI技术， 并已推出了对应AI音视频终端新产品。公司会持续关注行业内最新技术趋势和落地应用。 （文章来源：每日经济新闻） ...

Core Viewpoint - Xiaomi Group reported a significant performance surge in Q2 2025, achieving a record total revenue of 116 billion yuan, with a notable focus on high-end smartphone strategies and automotive business expansion [4][6]. Financial Performance - Total revenue reached 116 billion yuan, representing a year-on-year increase of 30.5% [6]. - Adjusted net profit was 10.8 billion yuan, up 75.4% year-on-year [6]. - Gross margin improved to 22.5%, an increase of 1.8 percentage points year-on-year [6]. Business Segment Performance - **Smartphone Business**: Revenue was 45.5 billion yuan with a gross margin of 11.5%, impacted by rising memory prices [6]. - **IoT Business**: Revenue grew by 44.7% year-on-year to 38.7 billion yuan, with a gross margin of 22.5% [6]. - **Automotive Business**: Revenue reached 20.6 billion yuan with a gross margin of 26.4%, and operating losses narrowed to 300 million yuan [6]. Business Highlights and Strategic Directions - **Smartphone**: Xiaomi maintained a global market share of 14.7%, ranking among the top three for 20 consecutive quarters. The share of models priced above 4000 yuan approached one-third [7]. - **IoT Business**: The segment saw a 44.7% revenue increase, with notable growth in tablet sales and a plan to open 400-500 new overseas stores in 2025 [8]. - **Automotive Business**: The first SUV, "Xiaomi YU7," achieved a lock order volume of 240,000 units, with a delivery volume of 81,300 units [9]. - **R&D Investment**: R&D spending increased by 41.2% year-on-year, with a focus on edge AI technology, allocating 7.5 billion yuan for 2025 [10]. Investor Q&A Summary - **IoT Business Expansion**: The domestic market benefits from offline channel development, while overseas expansion is crucial, with plans for 400-500 new stores in 2025 and over 1000 in 2026 [12]. - **Smartphone Margin Fluctuations**: Short-term impacts from DDR4 memory price increases, with long-term strategies focusing on high-end products and self-developed chip technology [13]. - **IoT Margin Pressure**: Q2 margins were affected by promotional activities, but the annual target remains unchanged [14]. - **Automotive Margin Drivers**: The high margin is attributed to the effectiveness of the high-end strategy and standardization on the Modena platform [15]. - **Edge AI Strategy**: The focus is on enhancing user experience, with plans to increase the proportion of edge AI in the future [16].