本报记者 向炎涛 3月18日，小米集团发布2024全年及2024年第四季度财报，创下史上最强年度业绩。财报显示，2024年小米集团总收入同 比增长35.0%至人民币3659亿元；经调整净利润同比增长41.3%，达人民币272亿元。 2024年第四季度，小米集团单季营收首次破千亿元，达人民币1090亿元，同比增长48.8%，刷新单季业绩历史纪录。 当天，小米集团创始人，董事长兼CEO雷军也在微博上就业绩报喜。雷军还透露了小米汽车最新进展。他表示，小米刚刚 交付了第20万辆小米汽车。小米汽车一直在全力提升产能，已经取得一些进展，2025年全年交付目标提升至35万台。 雷军：小米集团发布"史上最强年报"！ 小米一系列高端化突破，背后是小米研发实力的支撑。围绕2020-2030"新十年目标"，小米集团研发投入强度稳步提升： 2024年研发支出达人民币241亿元，同比增长25.9%，研发人员总数提升至21190人；知识产权成果不断积累，截至2024年末， 小米获得全球专利超4.2万件，其中汽车领域授权专利突破1000项。 继手机、汽车超级工厂之后，小米又再次建设首座智能家电工厂。至此，小米完整构建了"人车家全生态"的自 ...

Xiaomi Corporation 2024 Fourth Quarter and Annual Results Disclaimer By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Xiaomi Corporation (the "Company", and together with its subsidiaries, the "Group") for use in presentations by the Group and does not constitute a recommendation regarding the securities of the Group. No part of t ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Mustafa ezz from Pexels Chinese consumer tech giant Xiaomi on Tuesday announced a surge in annual revenue, propelled by strong smartphone sales alongside a continued push into the electric vehicle sector. The Beijing-based firm manufactures a diverse array of tech gadgets ranging from smartphones and laptops to rice co ...

Group 1 - Xiaomi plans to sell its electric vehicles (EVs) outside of China within the next few years, indicating its ambition to compete in the global EV market against established players like Tesla [2] - The company launched its first luxury EV, the SU7 Ultra, in China, priced at 529,000 Chinese yuan (approximately $72,627), and received 15,000 orders within 24 hours of its launch [3] - The announcement was made by Xiaomi's President William Lu during the Mobile World Congress in Barcelona, highlighting the company's excitement about expanding its EV offerings to global markets [2][3] Group 2 - The SU7 Ultra will be officially launched on the evening of February 27, 2025, and will be showcased at Xiaomi's booth at the Mobile World Congress [1][3] - While specific timelines for international sales were not provided, the comments from the company reflect a strategic move to enhance its presence in the competitive EV landscape [2]

The Xiaomi 15 Ultra, in the foreground, and the Xiaomi 15 in the background."Xiaomi has been hugely successful of building its brand with affordable technology and but now it's moving up the value chain as it moves more into premium devices and that's well-suited to the European market where we see an affluent audience," Ben Wood, chief analyst at CCS Insight, told CNBC.Both devices are powered by Qualcomm's Snapdragon 8 Elite Mobile Platform, one of the latest processors. The 15 Ultra model also comes with ...

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Group 1 - Xiaomi Group's stock price reached a new high of 50.9 HKD, with a market capitalization of 1.27 trillion HKD, before experiencing a slight decline [1] - The company's market value surpassed 1 trillion HKD in early February, entering the global top 100 by market capitalization, compared to around 12 HKD at the beginning of 2024 [1] - The focus remains on Xiaomi's mobile and automotive businesses, with upcoming product launches generating significant market interest [1] Group 2 - Xiaomi's CEO Lei Jun indicated that the new Xiaomi 15 Ultra will likely see a price increase due to rising R&D and component costs, with the previous model priced at 6499 RMB [2] - Several financial institutions have maintained a "buy" rating for Xiaomi, with target prices ranging from 38 to 57.74 HKD, indicating a bullish outlook [2] - Citigroup has removed Xiaomi from its "most buyable" list following the stock's recent rise, while also adjusting the Hang Seng Index targets upward [2] Group 3 - Analysts express a significant divergence in Xiaomi's valuation, suggesting that the stock may already reflect future earnings, and comparisons are being made to the past performance of leading new energy vehicle companies [3] - Future performance will depend on Xiaomi's hardware gross margins and the profitability contributions from its ecosystem companies [3]

Group 1 - The core viewpoint of the report is that Huaxing Securities has upgraded Xiaomi Group to a "Buy" rating and significantly raised its target price to HKD 52.00 [1] - Xiaomi's revenue for the fourth quarter of last year is expected to exceed RMB 100 billion for the first time, reaching RMB 105 billion, a year-on-year increase of 40% [1] - Smartphone revenue is projected to be RMB 49 billion, with a 6% year-on-year increase in average selling price due to higher contributions from premium models [1] Group 2 - IoT revenue is expected to grow by 46% year-on-year to RMB 29.7 billion, benefiting from domestic stimulus policies [1] - Internet services revenue is anticipated to increase by 13% year-on-year to RMB 8.9 billion, with notable performance in electric vehicle deliveries and revenue [1] - Overall gross margin is expected to improve by 20 basis points quarter-on-quarter to 20.6% [1] Group 3 - Revenue and profit growth for Xiaomi in 2025 will be driven by three factors: national consumption subsidy policies, expansion of electric vehicle production capacity and introduction of new models, and the monetization of CEO Lei Jun's personal brand along with the implementation of Xiaomi's new retail strategy [1] - Based on higher revenue forecasts for the IoT and electric vehicle segments, Huaxing Securities has raised Xiaomi's revenue forecasts for 2024-2026 by 2%-5% [2] - Adjusted net profit forecasts for 2024-2026 have been increased by 4%-21%, with a projected CAGR of 22% for adjusted net profit during this period [2]

Group 1 - Xiaomi's stock has appreciated 30% year-to-date, driven by strength in the electric vehicle (EV) sector and a broader rally in Chinese equities, indicating a bullish outlook for the company [1] - The company is expected to have further room for growth, suggesting continued positive performance in the near future [1] Group 2 - Astrada Advisors specializes in investment research across technology, media, internet, and consumer sectors in North America and Asia, focusing on identifying high-potential investments [2] - The firm integrates rigorous fundamental analysis with data-driven insights to provide a nuanced understanding of key trends, growth drivers, and competitive landscapes [2] - Astrada Advisors aims to empower investors with timely research and a comprehensive view of industry dynamics, particularly in volatile markets [2]

Summary of Xiaomi Conference Call Company Overview - The conference call focused on Xiaomi, highlighting its recent stock performance and strategic developments over the past four years, with the stock reaching a historical high [1][2]. Core Insights and Arguments 1. **Stock Performance and Market Sentiment** - Xiaomi's stock has reached a new high, indicating a positive market sentiment and a reassessment of the company's growth potential [1][2]. - The company is expected to continue its upward trend despite potential short-term volatility [2]. 2. **Business Growth Drivers** - The growth is attributed to several core business areas, including automotive, smartphone premiumization, IoT, and new retail, all of which have exceeded expectations [2][4]. - The company has adopted a "new ten-year" strategy, focusing on becoming a global leader in hard-core technology [3]. 3. **Manufacturing and Product Strategy** - Xiaomi is redefining product forms and restructuring its manufacturing processes, which is seen as a significant transformation in the manufacturing sector [4]. - The company aims to transition from being a large manufacturer to a strong one, emphasizing smart manufacturing capabilities [4]. 4. **Financial Performance and Projections** - The company has revised its profit growth expectations for the main business to around 10%, up from previous estimates [6]. - Xiaomi's smartphone gross margin has improved, with projections for 2024 indicating a profit increase to over 310 million [6][14]. 5. **Market Share and Competitive Position** - Xiaomi has maintained a strong market position, ranking in the top three globally for 17 consecutive quarters, with significant growth in emerging markets [8][9]. - The company is gaining market share from competitors like Samsung, particularly in mid-range and budget segments [9]. 6. **Product Development and Innovation** - The company has made strides in high-end smartphone development, with models like the Xiaomi 14 showing strong sales potential [10][11]. - Xiaomi's focus on product stability and user experience has led to improved customer satisfaction and brand loyalty [11]. 7. **IoT and Ecosystem Development** - Xiaomi has built a robust IoT platform, expanding into over a hundred categories, although it faces challenges in maintaining healthy partnerships within its ecosystem [16][17]. - The company is enhancing collaboration across its various business lines to improve product development and supply chain efficiency [17][18]. 8. **Automotive Business Expansion** - The automotive segment is transitioning from negative to positive valuation, with strong sales and profitability expected in the coming years [25][26]. - The company is focusing on smart manufacturing capabilities in its automotive factories, which is expected to enhance production efficiency [28][29]. 9. **Internet Services Growth** - Xiaomi's internet services revenue is projected to grow alongside its active user base, with a significant portion of revenue coming from its app store [23][24]. - The company is also expanding its internet services internationally, contributing to overall revenue growth [24]. Additional Important Points - The company has invested heavily in R&D, increasing its budget significantly over the years, which is expected to drive future innovations [34][35]. - Xiaomi's organizational restructuring and talent acquisition have been pivotal in enhancing its operational capabilities and strategic direction [33][34]. - The conference concluded with an invitation for further questions from investors, indicating an open line for ongoing communication and engagement [36].