格隆汇11月18日｜小米集团：2025年第三季度总收入为1131亿元，同比增长22.3%，高于预期的1125亿 元。业务分部来看，2025年第三季度，"手机×AIoT"分部收入841亿元，同比增长1.6%；"智能电动汽车 及AI等创新业务"分部收入290亿元，创历史新高，同比增长199.2%。本季度，集团经调整净利润113亿 元，创历史新高，同比增长80.9%。 ...

来源：X研究媛 文｜JeffHill 从悲观到乐观 最近AI+AR 眼镜越来越热闹了，前有"掌握核心科技"的JBD获得天量融资，再有未披露具体金额却是行 业今年最大单笔融资的华南某企业，春江水终于暖了，也真心为一众AR创业公司庆幸。 作为曾在行业里两家标杆性公司工作的野生评论家，深知消费级AR极不成熟又身体力行的不易。 两年前，核心微显示屏和光机占了BOM成本一半，但是色彩、亮度始终不能匹配需求；近眼显示光学 方案复杂艰深且远未达成共识，量产一致性和良品率又十分感人，这些必须买单的高昂成本，成型终端 只有羸弱的场景和极为有限的扩屏和信息提示功能。 消费级AR不是真AR。要同时满足「消费级」、「AR」，那只能是假的。 一个代表，Video-See Through方案强大如苹果也难，无论光学模组、sensor、算法、算力再怎么推进， 本质上人类要适应"透过摄像头以望远镜方式"去观察世界（见文章），这似乎要等待智人完成进化， Apple Vision Pro在消费市场前景难测。 一群野蛮人，Optic-See Through方案乃至部分透光的BirdBath方案真正能被消费者接受，但做完整的AR 只有做成头盔，只能 ...

【#小米集团Q3营收同比增长22.3%#】小米集团第三季度营收1,131.2亿元人民币，同比增长22.3%，预 估1,125亿元人民币。(智通财经） ...

Core Insights - Xiaomi Group reported a total revenue of RMB 113.1 billion for Q3 2025, representing a year-on-year growth of 22.3% [1] - The "Smartphone × AIoT" segment generated RMB 84.1 billion, a 1.6% increase year-on-year, while the "Smart Electric Vehicles and AI Innovation" segment reached a record high of RMB 29 billion, growing by 199.2% [1] - Adjusted net profit for the quarter was RMB 11.3 billion, marking an 80.9% year-on-year increase [1] Business Performance - Xiaomi's smartphone shipments reached 43.3 million units in Q3 2025, a 0.5% increase year-on-year, maintaining a position among the top three global smartphone vendors with a market share of 13.6% [2] - The number of active users globally reached 741.7 million, an 8.2% increase year-on-year, and the number of connected IoT devices surpassed 1 billion, reaching 1,035.5 million, a 20.2% increase [2] - The company delivered 108,796 new vehicles in Q3 2025, setting a new record [2] Research and Development - Xiaomi's R&D expenditure for Q3 2025 was RMB 9.1 billion, a 52.1% increase year-on-year, with total R&D spending for the first three quarters reaching RMB 23.5 billion [2] - The number of R&D personnel reached a historical high of 24,871 [2] AI and Technology Innovations - Xiaomi launched the Xiaomi-MiMo-Audio voice open-source model in September 2025, achieving significant advancements in voice interaction and natural language processing [3] - The company introduced the Xiaomi Miloco smart home exploration plan, enabling natural language interaction with smart home systems [3] - The new Xiaomi Surge OS 3 was released, enhancing user experience and privacy features [4] Market Strategy and Sales - Xiaomi's high-end smartphone sales in mainland China accounted for 24.1% of total smartphone sales, a 4.1 percentage point increase year-on-year [4] - The company launched a customization service for Xiaomi cars, offering various personalized options [4] - Xiaomi's retail strategy expanded with over 18,000 stores in mainland China and approximately 300 overseas [5] - During the 2025 Double Eleven shopping festival, Xiaomi achieved over RMB 29 billion in total payment amounts, with its smartphones ranking first in sales [5] - Capital expenditure for the first three quarters reached approximately RMB 13 billion, an 86.7% increase year-on-year [5]

每经AI快讯，11月18日，小米集团第三季度营收1,131.2亿元人民币，同比增长22.3%，预估1,125亿元人 民币。 ...

责任编辑：刘明亮 11月18日下午消息，小米集团（HKEX： 1810）今日发布了2025年第三季度财报：总收入达到1131亿 元，同比增长22.3%；净利润为123亿元，同比增长129.5%。非国际财务报告准则计量，经调整净利润 为113亿元，同比增长80.9%。 ...

人民财讯11月18日电，小米集团11月18日公告，2025年第三季度营业收入1131.21亿元，同比增长 22.3%；经调整净利润113.11亿元，同比增长80.9%。2025年前三季度营业收入3403.7亿元，同比增长 32.5%；经调整净利润328.17亿元，同比增长73.5%。 ...

11月18日，"曝iPhone17 Pro Max被湿巾擦掉色"话题登上热搜，引发网友热议。 苹果中国大陆客服随后回应相关质疑。 据钱江视频，工作人员表示，"普通湿巾擦拭不会影响机身颜色，但含高浓度酒精或腐蚀性液体的湿巾可能导致掉漆"。 工作人员称，苹果暂时没有这方面给予客户的操作提醒。工作人员还表示，"用正常的、普通那些自来水之类是不会受影响的，这是肯定的。" 据了解，高浓度酒精通常指酒精含量≥60%的溶液，其中常见的医用酒精浓度为75%、工业酒精浓度则高达95%，以上三种均属于高浓度酒精类。 这类高浓度酒精具有较强的挥发性和腐蚀性，长期或直接接触电子产品涂层时，可能破坏表面防护层，导致褪色、掉漆等问题。 ak 17 3 1 224 the state a a 该用户发文称，其购买的星宇橙配色iPhone17 Pro Max，在使用湿巾擦拭后，镜头边缘及边框涂层大面积脱落掉漆，露出银色铝合金基材。 针对褪色的原因，不少网友认为是"不当清洁"导致，例如使用了漂白剂或双氧水进行清洁导致了掉色。 针对涂层问题的原因，有分析认为可能与iPhone17 Pro系列采用的铝合金材质及阳极氧化工艺有关。铝合金抗腐蚀性弱于 ...

Core Insights - The launch of the Lansi Intelligent Robot production facility in Liuyang Economic Development Zone marks a significant step in the company's strategy to enhance its smart manufacturing system and diversify into "consumer electronics + smart vehicles + emerging smart terminals" [3][4] - This facility is part of Lansi Technology's dual focus on capital and industry, following its successful listing on the Hong Kong stock exchange in July 2023, with emerging businesses like robotics reshaping the company's valuation logic [3][4] Production Capacity - The Lansi Intelligent Robot facility spans 400 acres with a factory area of approximately 189,000 square meters, capable of producing 10,000 sets of large automation equipment and 500,000 units of embodied intelligent robots annually [4] - The facility aims to create a comprehensive ecosystem from new material research and core component manufacturing to complete machine assembly, establishing a global manufacturing layout centered in Changsha and supported by Southeast Asia [4] Business Directions - Lansi Intelligent Robot has identified three main business directions for collaborative development: "smart equipment," "embodied intelligence," and "AI servers" [5] Technological Advancements - Since its establishment in 2016, Lansi has focused on key technologies in industrial robotics, including mechanical structure design, motion control algorithms, and machine vision systems, delivering over 2,000 intelligent manufacturing projects across various industries [6] - The company has built a vertically integrated platform for humanoid robots, covering core component development to complete machine assembly, and is positioned among the industry leaders in assembly scale [6] AI Infrastructure - In the AI computing infrastructure sector, Lansi has started with AI server chassis components and plans to expand into liquid cooling modules and solid-state drives, with mass production of solid-state drives expected by 2026 [7] Strategic Transformation - Lansi's strategic layout aligns with its judgment on the development trend of AI edge hardware, transitioning from a consumer electronics leader to a one-stop service platform for AI edge hardware [9] - The company aims to leverage its 30 years of experience in precision materials and vertical integration manufacturing to create hardware solutions across various scenarios, including AI smartphones and intelligent automotive cabins [9] Future Plans - Lansi has announced a "three-year attack plan" to increase R&D investment, focusing on edge hardware, multi-modal integration technology, and new material processes, with the goal of becoming a global leader in AI edge hardware manufacturing [10]

证券之星消息，11月18日消费电子板块较上一交易日下跌0.61%，福日电子领跌。当日上证指数报收于 3939.81，下跌0.81%。深证成指报收于13080.49，下跌0.92%。消费电子板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300822 | 贝仕达克 | 18.84 | 6.62% | 18.26万 | | 3.46 Z | | 301329 | 信音电子 | 22.95 | 6.15% | 12.99万 | | 2.93亿 | | 600130 | *ST波导 | 4.34 | 2.84% | 42.51万 | | 1.84亿 | | 002681 | 奋达科技 | 6.96 | 2.35% | 104.64万 | | 7.24亿 | | 002888 | 惠威科技 | 19.94 | 1.94% | 7.36万 | | 1.46亿 | | 300968 | 格林精密 | 14.20 | 1.87% | 13.98万 | | 1.98亿 | | ...