Core Viewpoint - Xiaomi Group is promoting its new energy vehicle, YU7, with a three-year interest-free installment plan, aiming to enhance sales and customer engagement through promotional activities and live events [1][3]. Group 1: Product Promotion and Sales Strategy - Xiaomi's chairman Lei Jun announced a promotional campaign for the YU7, offering a three-year interest-free financing option with a down payment of 74,900 yuan and monthly payments as low as 4,961 yuan [1]. - The promotion is designed to attract customers during the holiday season, with additional incentives such as a 1:64 scale model car for test drivers [1]. Group 2: Production and Delivery Milestones - Xiaomi's automotive division reached a significant milestone by producing its 500,000th vehicle in just over one year and seven months [3]. - As of December 2025, Xiaomi has delivered over 500,000 vehicles, with more than 350,000 units delivered in that year alone [3]. Group 3: Financial Performance - In November 2025, Xiaomi reported a third-quarter revenue of 113.12 billion yuan, a year-on-year increase of 22.3%, with an adjusted net profit of 11.3 billion yuan, up 80.9% [4]. - The revenue from the smart electric vehicle and AI innovation segment reached 29 billion yuan, showing a growth of over 199% year-on-year, with the electric vehicle segment contributing 28.3 billion yuan [4]. - This segment achieved its first quarterly operating profit of 700 million yuan [4].

Group 1 - Xiaomi announced a New Year promotion for its YU7 model, offering a 3-year interest-free financing option with a down payment of ¥74,900 and monthly payments starting at ¥4,961 [1][3] - Customers who place an order by February 28, 2026, can enjoy up to ¥48,000 in purchase benefits, including features like Nappa leather seats and advanced air purification systems [3] - The interest-free financing is equivalent to a subsidy of approximately ¥19,125 for the YU7 Max model, enhancing the perceived value for customers [4] Group 2 - Xiaomi's YU7 model has achieved significant sales milestones, ranking first in the SUV category for four consecutive months as of November 2025 [9] - In the third quarter of 2025, Xiaomi reported a revenue of ¥1,131.2 billion, a year-on-year increase of 22.3%, with the smart electric vehicle segment generating ¥283 billion [9] - The company has expanded its retail presence, with 477 stores across 138 cities by the end of December 2025, and plans to open additional locations in January 2026 [10]

今日，小米CEO雷军通过发文透露，自己感冒情况较为严重，原本定于今晚20:00开启的跨年直播不得 不推迟至1月3日晚7点。这一消息让众多期待直播的粉丝和网友感到些许遗憾，但雷军随后公布的一系 列安排又迅速点燃了大家的热情。 尽管直播推迟，雷军仍心系广大网友，为祝大家新年快乐，他特别准备了一场丰厚的抽奖活动，将送出 15台小米17Ultra，如此大手笔的福利让网友们兴奋不已，纷纷在社交平台上表达期待。 原定的此次跨年直播，雷军计划邀请工程师现场拆车，在拆解过程中与大家交流分享，这一独特的直播 形式吸引了不少汽车爱好者和科技迷的关注。虽然直播因雷军感冒而推迟，但大家对1月3日晚7点的直 播依旧充满期待。 不少网友猜测，在1月3日的直播中，雷军除了会和大家分享此次推迟直播的缘由以及感冒恢复情况外， 大概率还会公布2026年的新年愿望，这也让这场直播增添了更多的悬念和看点。 ...

晨会纪要 证券研究报告 2025 年 12 月 31 日 核心结论 分析师 【策略】资产的信号（20251230）：人民币升值是 2026 繁荣的契机 短期看，大量的待结汇资金和跨境资本有望随人民币升值加速结汇/回流， 强化人民币升值趋势，中长期看，中国强大的工业实力带来的出口竞争力是 人民币升值的根本动力。跨境资本回流叠加化债政策空间打开，实体现金流 量表和资产负债表有望依次修复，2026 年中国有望迎来繁荣的起点。大类 资产继续坚定看好 AH 股/国债等人民币资产，黄金保持战略配置，但对投机 交易保持谨慎，工业金属关注铜、铝、镍等品种，美股&美债或维持震荡。 【银行】寰宇通汇系列八：数字人民币将实现 M0 向 M1 的重要跨越 央行出台《关于进一步加强数字人民币管理服务体系和相关金融基础设施建 设的行动方案》，宣布新一代数字人民币体系将于 2026 年 1 月 1 日正式启 动实施。该方案从机制上明确数字人民币将实现 M0 向 M1 的跨越，同时坚 持"全局一本账"的双层运营架构，未来或有望实现全国统一的管理服务体 系，对银行业和金融科技领域均产生影响。 【医药生物】和誉-B（2256.HK）近况更新：匹 ...

有媒体统计，雷军先是缺席广州车展，后又隐身让天才少女罗福莉主讲小米开源大模型，让卢伟冰主讲 小米17Ultra。此外，雷军此前坚持的健身卡打卡同样基本停止。 在雷军微博的评论区中，很多网友都表示，原以为雷军此次不再跨年直播了，但还是等到了雷军的回 归。 12月30日下午，雷军通过个人微博发文称，自己好久没有和大家聊聊了，准备在12月31日晚8点，将做 一场跨年直播。 该微博预告，本次直播，雷军将请来工程师现场拆车YU7，一边拆车一边聊，与粉丝们来场硬核跨年。 雷达财经注意到，今年10月份的成都小米SU7爆燃事故发生后，"雷式营销"在舆论场上遭遇到质疑，雷 军已经减少了公开场合的露面。 ...

好久不见的雷军终于官宣重磅消息！12月31日晚8点跨年直播定档，不搞歌舞不煽情，一边和大家唠 2025难忘瞬间、展望2026新征程，一边请工程师现场拆小米YU7，用最硬核的拆解回应全网期待，这场 跨年直接拉满科技感，看完只想说雷军太懂大家想看什么！ 谁能想到，跨年直播能玩出这么新鲜的花样？此前小米SU7拆解视频刷屏全网，全网网友齐刷刷喊 话"求拆YU7"，这次雷军直接满足心愿，把拆车台搬到跨年直播间，还是工程师现场实操，边拆边讲细 节，这波回应太实在。要知道YU7作为小米SUV旗舰，上市后就凭超强安全和越级用料圈粉无数，却也 难免被人质疑"账面数据好看，实际用料堪忧"，这次直播拆解就是最好的底气——敢当众把车拆成零 件，就是对品质的绝对自信。 更让人期待的，还有对2026的展望。2025年小米已经完成从手机到汽车的跨界深耕，2026年必然是生态 爆发之年。或许会有更进阶的人车互联黑科技，或许会有新车型补齐产品矩阵，或许小米高端化会再上 一个台阶，和苹果、华为同台竞技更有底气。这场跨年直播，既是对2025的总结，更是对2026的蓄力， 跟着雷军一起展望，满是期待。 想想这场拆解有多值得蹲守？此前第三方拆YU7就 ...

Core Viewpoint - Xiaomi has launched the Xiaomi 17 Ultra, which is the thinnest Ultra model to date, measuring only 8.29mm [1] Group 1 - The Xiaomi 17 Ultra was unveiled during a launch event on December 25 [1] - The phone is positioned as a premium offering within Xiaomi's product lineup [1]

Group 1 - The new Xiaomi Night God starts at 6999 yuan [1] - It features a Leica 1-inch optical system with LOFIC ultra-high dynamic technology and 200 million pixel optical zoom [1] - The device includes a large 6800mAh battery and is powered by the fifth-generation Snapdragon 8 Supreme version, with pre-sales already started [1]

Group 1 - The core message of the article is the announcement of four new color options for the Xiaomi 17 Ultra smartphone, highlighting its aesthetic appeal and design features [1] Group 2 - The new color options include "Starry Green," which features unique mineral particles that resemble a sparkling starry sky [1] - Another option is "Cool Smoke Purple," described as ethereal and elegant, evoking a sense of softness [1] - The classic black and white colors are also available, emphasizing timeless versatility and high-quality texture [1]

Core Insights - The Xiaomi 17 Ultra is the first 2D flat-screen model in the Xiaomi Ultra series and is the thinnest Ultra model to date, measuring only 8.29mm [1] Group 1 - The Xiaomi 17 Ultra features a thickness of just 8.29mm, making it the slimmest in the Ultra series [1] - This model marks a significant design shift as it is the first 2D flat-screen device in the Ultra lineup [1]