【#雷军问是不是应该多做点广告##雷军秀SU7Ultra首都机场海报#】 今日早间，小米创办人、董事长 兼CEO@雷军 发微博，晒出小米SU7 Ultra在北京首都国际机场的大海报。雷军写道："Ultra这样的车 型，大家觉得是不是应该多做点广告，让更多人知道？" 智在 内 => 15分钟前 来自 Xiaomi 15 Ultra #小米SU7Ultra# 广告牌亮开始相首都机场...... Ultra这样的车型，大家觉得，是不是应该多做点广告，让更多人知道？ STANNA DE SENT I FILE I FILE I FELE FOR STATUS IN FOR STATUS (百 1 2 12 2 Hamma [ ] 12 6 @ 0 154 版 r 472 > ® 收起 | | | 旋转 | 图 查看大图 ...

近日，互联网上流出的一张图片称"雷军通过富国银行茅XX向海外转出50亿美金"。 经核实，小米集团在全球范围内没有和富国银行以及"茅XX"开展过任何合作，也未 有任何形式上的接触。相关言论均已取证，并已经启动司法程序追究造谣传谣者法 律责任! 小米集团公关部总经理王化表 示:经核实,小米集团在全球范 围内没有和富国银行以及"茅 XX"开展过任何合作,也未有任 何形式上的接触。相关言论均已 取证,并已经启动司法程序追究 造谣传谣者法律责任! 新浪科 技) 已经太晚了,门已经关。 > 今日，小米集团公关部总经理王化发文：经核实，小米集团在全球范围内没有和富国银行以及"茅XX"开展过任何合作，也未有任何形式 上的接触。相关言论均已取证，并已经启动司法程序追究造谣传谣者法律责任！ 王代 图 = 2小时前 来自 Xiaomi 15 Ultra ...

今天上午，小米CEO雷军发布驰援洪涝灾害进展： 携手救灾,我们同在! ch do 此前报道：7月29日小米CEO雷军发文表示，小米公益基金会捐赠500万元现金及35万元应急物资，紧急驰援华北强降雨救灾。 雷军 首页》 的是 [原创] 7-29 来自 Xiaomi 15 Ultra @小米公益基金会 捐赠 500万元现金及 35 万元应急物 资，紧急驰援华北强降雨救灾。 7月31日，小米CEO雷军发文表示，小米为最近暴雨受灾地区的用户提供免费检测、免费维修服务。 网友沸腾了： （文章来源：中国基金报） ...

携手救灾,我们同在! a d do 来 源 ：湖北日报、@雷军 今天上午， 小米CEO雷军发布驰援洪涝灾害进展： 此前报道：7月29日小米CEO 雷军发文表示， 小米公益基金会捐赠500万元现金及35万元应 急物资，紧急驰援华北强降雨救灾。 雷军 心 】 原创 7-29 来自 Xiaomi 15 Ultra @小米公益基金会 捐赠 500万元现金及 35万元应急物 资,紧急驰援华北强降雨救灾。 7月31日， 小米CEO雷军发文表示， 小米为最近暴雨受灾地区的用户提供免费检测、免费维 修服务。 小米公益基金会捐赠500万元现 金及35万元应急物资,紧急驰援 华|强降雨救灾 近日. 华北等地持续遭遇强降雨,引发洪涝和地 质灾害。其中,北京本轮极端强降雨造成重大灾 害,北部山区损失严重。 灾害发生后,小米公益基金会捐赠500万元现金 给爱德基金会、北京平澜公益基金会、河北慈善 联合基金会,用于支持过渡安置和灾后重建等工 作。另外捐赠35万元灾区急需物资,包括充电 宝、对讲机、手电筒等,用于受灾地区的紧急援 助。小米公益基金会将持续响应应急管理部"应 急物资政社协同保障机制",关注灾情动态。 网友沸腾了： 小牛德克 ...

Core Viewpoint - Nvidia's CEO Jensen Huang emphasizes the importance of the Chinese market and expresses a commitment to continued collaboration with China during his visit to Beijing [2]. Group 1: Jensen Huang's Visit and Activities - Jensen Huang was photographed with Xiaomi's CEO Lei Jun in Beijing, highlighting their ongoing relationship and collaboration [1]. - Huang's visit coincides with the 3rd China International Supply Chain Promotion Expo, where Nvidia will showcase its new products and reaffirm its long-term commitment to the Chinese market [1][2]. - This marks Huang's third visit to China this year, indicating a strong focus on the Chinese market [1]. Group 2: Nvidia's Market Performance - Nvidia recently achieved a market capitalization of over $4 trillion, becoming the first company to reach this milestone [3]. - The company's stock price has increased by 22% this year, resulting in an estimated valuation increase of approximately $700 billion [3].

Investment Rating - The report assigns an "Overweight" rating to Xiaomi Corp with a price target raised to HK$62.00, indicating a potential upside of 22% from the current share price of HK$50.80 [7]. Core Insights - The launch of the SU7 Ultra marks the beginning of Xiaomi's luxury car journey, with expectations for significant growth in its EV segment, particularly with the upcoming YU7 model [3][4]. - Xiaomi's revenue is projected to exceed Rmb1 trillion by 2030, driven by its dual growth engines: the EV and Smartphone+AIoT+Internet divisions, with net profit expected to surpass Rmb100 billion [2][9]. - The report highlights Xiaomi's strong market position in the AIoT and smartphone sectors, with anticipated revenue growth from innovative product launches and improved product mix [5][11]. Summary by Sections Price Target and Market Outlook - The price target for Xiaomi has been increased from HK$45.00 to HK$62.00, reflecting confidence in the company's growth trajectory [1]. - The analysis suggests that Xiaomi's share price could exceed HK$100 before 2030, supported by robust revenue and profit growth [2][9]. EV Business Development - The SU7 Ultra's launch is seen as a pivotal moment for Xiaomi, enhancing its brand equity and market share in the luxury segment [3][31]. - The report raises volume forecasts for EV sales to 370,000 units in 2025 and 750,000 units in 2026, with an increase in average selling price (ASP) from Rmb245,000 to Rmb250,000 in 2025 [60][53]. - Cumulative EV gross profit estimates for 2024-2026 have been revised upwards from Rmb48.1 billion to Rmb67.6 billion [57]. AIoT and Smartphone Growth - The AIoT division is expected to see solid growth in 2025, driven by innovative product launches and a diversified product mix [64]. - Xiaomi's smartphone segment is experiencing positive momentum, with higher ASPs contributing to margin recovery and improved brand image [77][84]. - The report notes that Xiaomi's market share in China has improved from No. 5 in 2023 to No. 3 in 2024, with continued gains expected in both domestic and international markets [84].

Core Insights - Xiaomi Group reported record high revenue and net profit for Q1 2025, with revenue reaching 1112.93 billion yuan, a year-on-year increase of 47.4%, and net profit of 108.93 billion yuan, up 161% [2][5][6] Financial Performance - The company achieved a quarterly revenue exceeding 1100 billion yuan and net profit surpassing 100 billion yuan for the first time in its history [3][5] - Q1 revenue of 1112.93 billion yuan represents a 2.1% increase from the previous quarter's revenue of 1090.05 billion yuan [5] - The adjusted net profit for Q1 was 106.76 billion yuan, marking a 64.5% year-on-year increase and a 28.4% quarter-on-quarter increase [6] Business Segments - Xiaomi's smartphone segment saw global shipments of 41.8 million units, maintaining a market share of 14.1%, ranking among the top three globally for 19 consecutive quarters [3][7] - The AIoT and consumer electronics segment generated revenue of 927 billion yuan, a 22.8% increase year-on-year, while the smart electric vehicle and AI segment contributed 186 billion yuan [6][11] R&D Investment - The company invested 67.12 billion yuan in R&D during Q1, a 30% increase year-on-year, with R&D personnel accounting for approximately 48% of total employees [3][12] - Xiaomi's cumulative R&D investment from 2021 to 2024 has shown a consistent increase, with plans to invest 200 billion yuan over the next five years [13] Product Development - Xiaomi launched its first self-developed flagship processor, the Xuanjie O1, in May [4] - The company reported a significant increase in high-end smartphone sales, with a 25% share in the high-end market segment in mainland China [8][9] Automotive Business - The smart electric vehicle segment delivered 75,869 units in Q1, with an annual target of 350,000 units [10][11] - The automotive segment reported a revenue of 181 billion yuan, with a gross margin of 23.2%, although it incurred an operating loss of 5 billion yuan [11]

Group 1 - The company reported a revenue of 111.29 billion RMB for the first quarter of 2025, a year-on-year increase of 47.4% [1] - Gross profit reached 25.41 billion RMB, up 50.96% year-on-year, while net profit attributable to shareholders was 10.92 billion RMB, marking a 161.22% increase [1] - The adjusted net profit for the quarter was 10.7 billion RMB, a historical high with a year-on-year growth of 64.5% [1] Group 2 - The company’s global smartphone shipments reached 41.8 million units in the first quarter of 2025, a 3.0% year-on-year increase, maintaining a top-three global ranking with a market share of 14.1% [2] - The number of active users globally reached 719 million, a 9.2% increase year-on-year, while the number of connected IoT devices grew to 944 million, up 20.1% [2] - The company delivered 75,869 units of the Xiaomi SU7 series vehicles in the first quarter of 2025 [2] Group 3 - The company invested 6.7 billion RMB in R&D during the first quarter of 2025, a 30.1% year-on-year increase, with R&D personnel reaching a record high of 21,731, accounting for 47.7% of total employees [3] - The company’s high-end smartphone sales in mainland China accounted for 25.0% of total smartphone sales, a 3.3 percentage point increase year-on-year [3] - The market share for smartphones priced at 4,000 RMB and above in mainland China reached 9.6%, up 2.9 percentage points year-on-year, with the Xiaomi 15 Ultra achieving over 90% year-on-year growth in its first month of sales compared to the Xiaomi 14 Ultra [3]

Group 1 - The Xiaomi Xuanjie O1 is not a custom chip from Arm, but rather a 3nm flagship SoC developed independently by Xiaomi's Xuanjie team over four years, utilizing Arm's latest CPU and GPU standard IP licensing without adopting Arm's complete solution [1] - The CPU of the Xuanjie O1 features a super-large core with a maximum frequency of 3.9GHz, significantly exceeding industry standards, achieved through numerous innovations and hundreds of layout iterations [1] - The Xuanjie O1 has redesigned over 480 standard cell libraries, nearly one-third of the 3nm standard cell library, and employs innovative edge power supply technology and self-developed high-speed registers [1] Group 2 - The Xiaomi 15S Pro, equipped with an external baseband, provides a user experience comparable to other flagship smartphones and supports 5G [3] - In internal tests, the Xiaomi 15S Pro achieved a DOU (Daily Usage) of 1.47 days, closely approaching the 1.50 days of the 15 Pro, with minimal differences in daily usage [3] - Xiaomi has integrated a fully independent 4G baseband in the recently released Xuanjie T1 chip, which is already used in the Xiaomi Watch S4 [3] Group 3 - The Xiaomi 15S Pro supports always-on display (AOD) features, including customizable clock and signature settings, while managing power consumption by defaulting to a 10-second display [4] - The device includes a "motion sickness relief" mode that uses visual compensation to alleviate symptoms during vehicle movement, activated through built-in high-precision sensors [5] Group 4 - The camera app of the Xiaomi 15S Pro has undergone a simplification process, automatically triggering night mode in low-light conditions without requiring manual activation [7] - In professional mode, red stripes appear in bright areas of the preview to indicate potential overexposure, a common feature in professional photography equipment [8]

Core Viewpoint - The recent accident involving Xiaomi's SU7 has significantly impacted the company, leading to public scrutiny and a realization of the high expectations placed on it as an industry leader [1][6][10]. Group 1: Accident Overview - On March 29, a Xiaomi SU7 standard version was involved in a severe traffic accident on a highway, resulting in the deaths of three young women [3]. - The vehicle was operating under the NOA (Navigation on Autopilot) mode at the time of the accident, which issued a warning about an obstacle shortly before the crash [3]. - The last confirmed speed of the vehicle before the collision was approximately 97 km/h [3]. Group 2: Company Response - Following the accident, Xiaomi established a special team to investigate and cooperated with police to provide vehicle data [6][8]. - The company expressed deep condolences to the victims' families and committed to transparency throughout the investigation process [6][9]. - Xiaomi's leadership acknowledged the need to address public concerns and emphasized that the company would not evade responsibility [9]. Group 3: Future Commitments - Xiaomi aims to become a leader in automotive safety, striving to exceed industry standards rather than merely comply with them [1][6]. - The company recognizes the importance of safety in its vehicles and is committed to becoming the safest option in its class [1][6]. - Xiaomi's leadership believes in the company's resilience and determination to overcome challenges and improve its standing in the industry [14].