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05-28 16:11
重磅炸弹自研OS,护城河加深加宽
2026年小米最重磅新品来了!玄戒+自研OS+AI大模型 三项自研大会师
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05-28 10:18
最新数据显示注销了1亿股,前两天还是259.4亿,今天显示是258.4亿
小米集团-W:5月27日回购34.94万股并发行83.5万股
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05-13
空头收手吧,期权金要输了
小米集团-W:5月12日回购317.26万股,涉资约9,999.75万港元
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05-12
看到文章末尾才知道作者是谁派来的
小米又胜诉!用户造谣小米汽车线束质量差被判侵权并公开道歉
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03-29
稳了,不知空头是什么想法
雷军:新一代SU7首周交付四五千辆
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03-26
就剩格力没接了,要不要拉一把?
小米官宣LG家电接入米家APP!支持小米澎湃智联
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03-25
负粉:我看不到看不到
2025年营收首破千亿元 小米汽车等创新业务首次实现年度盈利 卢伟冰:出海首站欧洲 选址、招商等已启动
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03-25
奇怪,空头这次怎么不拿价格做文章了?手机不涨价股价要涨该回补了
小米手机为什么不涨价?原因居然这么简单
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03-24
这业绩还震不住空头啊?那就融券被回购吧,获利盘已经很少,愿意受影响割肉的也不会多
小米Q4营收1169亿元,创历史新高!汽车及AI创新业务全年营收同比大增223.8%
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03-24
小米电器远程控制确实方便
小米,正在敲响美的、格力、海尔的警钟
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03-24
豪气,到底是谁在搞小米?
小米集团-W:3月23日回购312.98万股,耗资约9999.49万港元
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03-19
董明珠你出来,你也搞一个AI大模型看看
雷军官宣全球开发者热议的“神秘模型”,小米“AI路线图”逐步明晰
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03-19
好样的,对空头动真格了
小米集团-W(01810)3月18日斥资9999.97万港元回购285.04万股
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03-19
这也能黑,真酸
收起 @快乐男孩袁先生 : 买手机的一个小插曲 前阵子换手机,去小米之家选手机,选手机时把旁边插在桌子上的另外一部手机...
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03-10
泼妇一个,得追究
宝马门店销售疑似贬低小米汽车,潘九堂回应:宝马是伟大的车企,很多亲朋都是车主
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03-09
你谁呀,只有你信不过,也无需取信于你
小米,还信不信得过?
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02-27
海狗系自媒体
小米起诉自媒体获赔500万,网络不是法外之地 造谣账号该醒醒了
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02-04
饱和狗太多了吧!风雨终将过去
腾讯、小米继续下跌,关注港股科技资产非理性下跌的修复机会
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01-20
捞最后一笔就休吧
小米高管王腾创业公司“今日宜休”完成数千万种子轮融资
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01-02
小米机器人快赶上了,股价一飞冲天
小米汽车2025年12月交付量超过5万台
去老虎APP查看更多动态
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src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>事实上,关于这场万众瞩目的技术大会师,小米集团总裁卢伟冰此前就已经对外透露出相关风声。他曾明确表示,小米自研芯片、操作系统和自研AI大模型,将在今年之内完成深度整合,在同一款终端产品上释放三者叠加后的全部能力。</p><p>业界普遍认为,这一动作标志着小米正在自主构建完全属于自身的全链路完整技术栈。回顾小米近年的技术布局就能看到清晰脉络,玄戒系列自研芯片已经正式发布落地,澎湃OS正面向全品类设备持续迭代升级,端侧大模型的能力也落地到存量终端之中。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>三大核心板块的技术储备早已全部准备完毕,只待最终完成汇合。当这三者完成底层深度整合之后,意味着小米彻底摆脱了过去单纯的应用层整合者身份,真正将全生态的底层技术控制权完完全全握在了自己手中。</p><p>在业内人士看来,小米此次技术大会师的实际市场杀伤力完全不容小觑。如今的小米,不仅掌握了从芯片、OS到大模型的全链路底层研发能力,更拥有全球范围内海量的活跃智能设备,以及覆盖全场景的庞大用户基数。</p><p>这种软硬芯云深度融合的独有底气,让小米能够用AI能力深度赋能人车家全场景生态,搭建出一条其他品牌极难被对手复制的独特竞争护城河。</p><p><img 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2026年小米最重磅新品来了!玄戒+自研OS+AI大模型 三项自研大会师\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-28 14:49 北京时间 <a href=https://tech.ifeng.com/c/8tUmwEtLc00><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技5月28日消息,博主数码闲聊站介绍,小米将在下半年推出一款重磅新品,该产品同时首发自研芯片、自研OS和自研AI大模型,是小米发展历程中具备里程碑意义的核心新品。不少关注小米多年的米粉,把这三大自研核心技术首次落地同一款产品的事件,称之为小米的技术大会师,对下半年的新品期待值直接拉满。事实上,关于这场万众瞩目的技术大会师,小米集团总裁卢伟冰此前就已经对外透露出相关风声。他曾明确表示,小米自研...</p>\n\n<a href=\"https://tech.ifeng.com/c/8tUmwEtLc00\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","BK1521":"挪威政府全球养老基金持仓","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0359201612.USD":"贝莱德中国基金A2","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU1720050803.USD":"安联全方位中国股票基金","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0231483743.USD":"abrdn SICAV 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18:36","market":"us","language":"zh","title":"小米集团-W:5月27日回购34.94万股并发行83.5万股","url":"https://stock-news.laohu8.com/highlight/detail?id=1147752675","media":"公告速递","summary":"小米集团-W于2026年5月27日发布翌日披露报表,宣布当日根据股份激励计划向非董事参与人发行83.5万股B类普通股,每股发行价0.35港元,约占公司现有已发行股本的0.0032%。同日,公司在香港联交所场内回购B类普通股34.94万股,占不含库藏股已发行股份的0.001%,每股回购价格介乎28.32港元至28.78港元,合计耗资约999.67万港元。截至2026年5月27日,上述发行和回购完成后,公司B类普通股已发行股本合计21,385,944,284股,库藏股数仍为0股。","content":"<p>小米集团-W(01810)于2026年5月27日发布翌日披露报表,宣布当日根据股份激励计划向非董事参与人发行83.5万股B类普通股,每股发行价0.35港元,约占公司现有已发行股本(不含库藏股)的0.0032%。同日,公司在香港联交所场内回购B类普通股34.94万股,占不含库藏股已发行股份的0.001%,每股回购价格介乎28.32港元至28.78港元,合计耗资约999.67万港元。</p>\n<p>截至2026年5月27日,上述发行和回购完成后,公司B类普通股已发行股本合计21,385,944,284股,库藏股数仍为0股。公司亦披露,该次回购依据于2025年6月5日获得股东大会通过的购回授权,剩余可回购股份额度为2,594,916,968股。截至公告日,公司已合计回购399,989,400股,占授权通过当日已发行股本(不含库藏股)的1.54%。</p>\n<p>公司表示,相关发行与回购均已符合香港联交所证券上市规则及所有适用法律法规。本次公告由首席财务官林世伟签署。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" 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hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米集团-W:5月27日回购34.94万股并发行83.5万股\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1097772564\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">公告速递 </p>\n<p class=\"h-time\">2026-05-27 18:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>小米集团-W(01810)于2026年5月27日发布翌日披露报表,宣布当日根据股份激励计划向非董事参与人发行83.5万股B类普通股,每股发行价0.35港元,约占公司现有已发行股本(不含库藏股)的0.0032%。同日,公司在香港联交所场内回购B类普通股34.94万股,占不含库藏股已发行股份的0.001%,每股回购价格介乎28.32港元至28.78港元,合计耗资约999.67万港元。</p>\n<p>截至2026年5月27日,上述发行和回购完成后,公司B类普通股已发行股本合计21,385,944,284股,库藏股数仍为0股。公司亦披露,该次回购依据于2025年6月5日获得股东大会通过的购回授权,剩余可回购股份额度为2,594,916,968股。截至公告日,公司已合计回购399,989,400股,占授权通过当日已发行股本(不含库藏股)的1.54%。</p>\n<p>公司表示,相关发行与回购均已符合香港联交所证券上市规则及所有适用法律法规。本次公告由首席财务官林世伟签署。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147752675","content_text":"小米集团-W(01810)于2026年5月27日发布翌日披露报表,宣布当日根据股份激励计划向非董事参与人发行83.5万股B类普通股,每股发行价0.35港元,约占公司现有已发行股本(不含库藏股)的0.0032%。同日,公司在香港联交所场内回购B类普通股34.94万股,占不含库藏股已发行股份的0.001%,每股回购价格介乎28.32港元至28.78港元,合计耗资约999.67万港元。\n截至2026年5月27日,上述发行和回购完成后,公司B类普通股已发行股本合计21,385,944,284股,库藏股数仍为0股。公司亦披露,该次回购依据于2025年6月5日获得股东大会通过的购回授权,剩余可回购股份额度为2,594,916,968股。截至公告日,公司已合计回购399,989,400股,占授权通过当日已发行股本(不含库藏股)的1.54%。\n公司表示,相关发行与回购均已符合香港联交所证券上市规则及所有适用法律法规。本次公告由首席财务官林世伟签署。","news_type":1,"symbols_score_info":{"01810":1}},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563624659347600,"gmtCreate":1778638069651,"gmtModify":1778638071887,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"空头收手吧,期权金要输了","listText":"空头收手吧,期权金要输了","text":"空头收手吧,期权金要输了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563624659347600","repostId":"1100330238","repostType":2,"repost":{"id":"1100330238","kind":"news","weMediaInfo":{"introduction":"港美股公告全覆盖","home_visible":1,"media_name":"公告速递","id":"1097772564","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"pubTimestamp":1778583446,"share":"https://www.laohu8.com/m/news/1100330238?lang=zh_CN&edition=full","pubTime":"2026-05-12 18:57","market":"us","language":"zh","title":"小米集团-W:5月12日回购317.26万股,涉资约9,999.75万港元","url":"https://stock-news.laohu8.com/highlight/detail?id=1100330238","media":"公告速递","summary":"2026年5月12日,小米集团-W发布翌日披露报表,宣布于当日在香港联交所场内回购3,172,600股B类普通股,占购回授权决议通过当日公司已发行股份总数的约0.012%。本次回购价格区间介乎每股港币31.36元至31.58元,合计耗资约9,999.75万港元。公告同时显示,2026年5月6日至5月12日期间,公司根据股份激励计划向非董事参与人累计发行新股342,560股,占2026年5月5日公司已发行股份总数的约0.0014%,发行价格介乎每股港币1.81元至2.65元。","content":"<p>2026年5月12日,小米集团-W(01810)发布翌日披露报表,宣布于当日(5月12日)在香港联交所场内回购3,172,600股B类普通股,占购回授权决议通过当日公司已发行股份(不包括库藏股)总数的约0.012%。本次回购价格区间介乎每股港币31.36元至31.58元,合计耗资约9,999.75万港元。</p>\n<p>公告同时显示,2026年5月6日至5月12日期间,公司根据股份激励计划向非董事参与人累计发行新股342,560股,占2026年5月5日公司已发行股份(不包括库藏股)总数(21,453,714,502股)的约0.0014%,发行价格介乎每股港币1.81元至2.65元。</p>\n<p>本次股份发行及回购完成后,截至2026年5月12日,小米集团-W B类普通股已发行股本增至21,454,057,062股,库藏股仍为0股。此前获批准的购回授权日期为2025年6月5日,公司可回购股份总数为2,594,916,968股,至今累计已回购379,808,000股,占授权决议通过当日已发行股份总数的1.46%。</p>\n<p>公告并确认,所有发行及回购均已获董事会正式授权,并遵守香港联交所证券上市规则及相关法律法规要求。公告由首席财务官林世伟签署。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米集团-W:5月12日回购317.26万股,涉资约9,999.75万港元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米集团-W:5月12日回购317.26万股,涉资约9,999.75万港元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1097772564\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">公告速递 </p>\n<p class=\"h-time\">2026-05-12 18:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>2026年5月12日,小米集团-W(01810)发布翌日披露报表,宣布于当日(5月12日)在香港联交所场内回购3,172,600股B类普通股,占购回授权决议通过当日公司已发行股份(不包括库藏股)总数的约0.012%。本次回购价格区间介乎每股港币31.36元至31.58元,合计耗资约9,999.75万港元。</p>\n<p>公告同时显示,2026年5月6日至5月12日期间,公司根据股份激励计划向非董事参与人累计发行新股342,560股,占2026年5月5日公司已发行股份(不包括库藏股)总数(21,453,714,502股)的约0.0014%,发行价格介乎每股港币1.81元至2.65元。</p>\n<p>本次股份发行及回购完成后,截至2026年5月12日,小米集团-W B类普通股已发行股本增至21,454,057,062股,库藏股仍为0股。此前获批准的购回授权日期为2025年6月5日,公司可回购股份总数为2,594,916,968股,至今累计已回购379,808,000股,占授权决议通过当日已发行股份总数的1.46%。</p>\n<p>公告并确认,所有发行及回购均已获董事会正式授权,并遵守香港联交所证券上市规则及相关法律法规要求。公告由首席财务官林世伟签署。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100330238","content_text":"2026年5月12日,小米集团-W(01810)发布翌日披露报表,宣布于当日(5月12日)在香港联交所场内回购3,172,600股B类普通股,占购回授权决议通过当日公司已发行股份(不包括库藏股)总数的约0.012%。本次回购价格区间介乎每股港币31.36元至31.58元,合计耗资约9,999.75万港元。\n公告同时显示,2026年5月6日至5月12日期间,公司根据股份激励计划向非董事参与人累计发行新股342,560股,占2026年5月5日公司已发行股份(不包括库藏股)总数(21,453,714,502股)的约0.0014%,发行价格介乎每股港币1.81元至2.65元。\n本次股份发行及回购完成后,截至2026年5月12日,小米集团-W B类普通股已发行股本增至21,454,057,062股,库藏股仍为0股。此前获批准的购回授权日期为2025年6月5日,公司可回购股份总数为2,594,916,968股,至今累计已回购379,808,000股,占授权决议通过当日已发行股份总数的1.46%。\n公告并确认,所有发行及回购均已获董事会正式授权,并遵守香港联交所证券上市规则及相关法律法规要求。公告由首席财务官林世伟签署。","news_type":1,"symbols_score_info":{"01810":1}},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563292532592912,"gmtCreate":1778551240792,"gmtModify":1778551243214,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"看到文章末尾才知道作者是谁派来的","listText":"看到文章末尾才知道作者是谁派来的","text":"看到文章末尾才知道作者是谁派来的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563292532592912","repostId":"2634801289","repostType":2,"repost":{"id":"2634801289","kind":"news","pubTimestamp":1778497281,"share":"https://www.laohu8.com/m/news/2634801289?lang=zh_CN&edition=full","pubTime":"2026-05-11 19:01","market":"us","language":"zh","title":"小米又胜诉!用户造谣小米汽车线束质量差被判侵权并公开道歉","url":"https://stock-news.laohu8.com/highlight/detail?id=2634801289","media":"快科技","summary":"北京互联网法院依法对该案进行审理,经核查确认,该用户所发布的“小米汽车线束质量差”相关言论与事实严重不符,其行为已构成对小米科技有限责任公司名誉权的侵害,依法需承担相应侵权责任。依据法院生效判决,该用户于2026年5月9日发布书面道歉声明,明确承认自身言论失实,并向小米科技有限责任公司正式致歉,相关道歉内容已在对应平台公开,接受公众监督。","content":"<html><body><p>快科技5月11日消息,<strong>近日,一名网络用户通过其“高手路太弯”的账号,就此前发布的“<a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车线束质量差”不实言论,向<a href=\"https://laohu8.com/S/01810\">小米</a>科技有限责任公司公开致歉。</strong></p><p><strong>时间回溯至2024年12月,该用户在社交平台发布针对<a href=\"https://laohu8.com/S/81810\">小米</a>汽车线束质量的负面不实信息,相关言论未经核实便传播,对小米汽车的品牌形象造成了不良影响。</strong></p><p>对此,小米科技有限责任公司为维护自身合法权益,以侵犯名誉权为由,向法院提起诉讼。</p><p><img src=\"https://x0.ifengimg.com/res/2026/997B197339201F3F2BAAA5EA51DF410D8445D75E_size448_w600_h405.png\"/></p><p><strong>北京互联网法院依法对该案进行审理,经核查确认,该用户所发布的“小米汽车线束质量差”相关言论与事实严重不符,其行为已构成对小米科技有限责任公司名誉权的侵害,依法需承担相应侵权责任。</strong></p><p>依据法院生效判决,该用户于2026年5月9日发布书面道歉声明,<strong>明确承认自身言论失实,并向小米科技有限责任公司正式致歉,相关道歉内容已在对应平台公开,接受公众监督。</strong></p><p>据悉,此次案件从用户发布不实信息,到法院审理判决,再到用户公开道歉,全程历时约一年半。</p><p>这起案件也再次提醒,<strong>网络内容创作者及普通用户在社交媒体发表针对企业产品的批评意见时,必须基于客观事实,杜绝无依据的贬损性表述。</strong></p><p><img src=\"https://x0.ifengimg.com/res/2026/ECEABCB5F814A10613795E9E607B046546B015BD_size559_w600_h1980.jpg\"/></p><p>【本文结束】如需转载请务必注明出处:快科技</p><p>责任编辑:王一</p></body></html>","source":"fenghuang_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米又胜诉!用户造谣小米汽车线束质量差被判侵权并公开道歉</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ 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#eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米又胜诉!用户造谣小米汽车线束质量差被判侵权并公开道歉\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-11 19:01 北京时间 <a href=https://tech.ifeng.com/c/8t2ripnV15l><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技5月11日消息,近日,一名网络用户通过其“高手路太弯”的账号,就此前发布的“小米汽车线束质量差”不实言论,向小米科技有限责任公司公开致歉。时间回溯至2024年12月,该用户在社交平台发布针对小米汽车线束质量的负面不实信息,相关言论未经核实便传播,对小米汽车的品牌形象造成了不良影响。对此,小米科技有限责任公司为维护自身合法权益,以侵犯名誉权为由,向法院提起诉讼。北京互联网法院依法对该案进行审理...</p>\n\n<a href=\"https://tech.ifeng.com/c/8t2ripnV15l\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","BK4550":"红杉资本持仓","BK4588":"碎股","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0359201612.USD":"贝莱德中国基金A2","BK1610":"ETF&股票定投概念","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK1575":"同股不同权","LU1720050803.USD":"安联全方位中国股票基金","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0456827905.SGD":"JPMorgan 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INC"},"source_url":"https://tech.ifeng.com/c/8t2ripnV15l","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2634801289","content_text":"快科技5月11日消息,近日,一名网络用户通过其“高手路太弯”的账号,就此前发布的“小米汽车线束质量差”不实言论,向小米科技有限责任公司公开致歉。时间回溯至2024年12月,该用户在社交平台发布针对小米汽车线束质量的负面不实信息,相关言论未经核实便传播,对小米汽车的品牌形象造成了不良影响。对此,小米科技有限责任公司为维护自身合法权益,以侵犯名誉权为由,向法院提起诉讼。北京互联网法院依法对该案进行审理,经核查确认,该用户所发布的“小米汽车线束质量差”相关言论与事实严重不符,其行为已构成对小米科技有限责任公司名誉权的侵害,依法需承担相应侵权责任。依据法院生效判决,该用户于2026年5月9日发布书面道歉声明,明确承认自身言论失实,并向小米科技有限责任公司正式致歉,相关道歉内容已在对应平台公开,接受公众监督。据悉,此次案件从用户发布不实信息,到法院审理判决,再到用户公开道歉,全程历时约一年半。这起案件也再次提醒,网络内容创作者及普通用户在社交媒体发表针对企业产品的批评意见时,必须基于客观事实,杜绝无依据的贬损性表述。【本文结束】如需转载请务必注明出处:快科技责任编辑:王一","news_type":1,"symbols_score_info":{"81810":0.6,"01810":1.91,"MIUmain":0.6,"HXXD.SI":0.6,"XIACY":1.91}},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":547733092512912,"gmtCreate":1774747385209,"gmtModify":1774747387983,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"稳了,不知空头是什么想法","listText":"稳了,不知空头是什么想法","text":"稳了,不知空头是什么想法","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/547733092512912","repostId":"2623331358","repostType":2,"repost":{"id":"2623331358","kind":"news","pubTimestamp":1774743925,"share":"https://www.laohu8.com/m/news/2623331358?lang=zh_CN&edition=full","pubTime":"2026-03-29 08:25","market":"us","language":"zh","title":"雷军:新一代SU7首周交付四五千辆","url":"https://stock-news.laohu8.com/highlight/detail?id=2623331358","media":"鞭牛士Bianews","summary":"3月29日,雷军发文透露,新一代SU7首周交付了四五千辆。此前消息,新一代SU7于3月19日正式上市,34分钟锁单1.5万台。3月23日,小米举办新一代SU7交付仪式,雷军透露,新一代SU7锁单量已突破3万台。","content":"<html><body><p>3月29日,雷军发文透露,新一代SU7首周交付了四五千辆。</p><p><img src=\"https://x0.ifengimg.com/res/2026/46D2736439811E923FA0CCC835F918028A23E89A_size29_w771_h447.jpg\"/></p><p>此前消息,新一代SU7于3月19日正式上市,34分钟锁单1.5万台。</p><p>3月23日,<a href=\"https://laohu8.com/S/XIACY\">小米</a>举办新一代SU7交付仪式,雷军透露,新一代SU7锁单量已突破3万台。</p></body></html>","source":"fenghuang_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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}\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n雷军:新一代SU7首周交付四五千辆\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-29 08:25 北京时间 <a href=https://tech.ifeng.com/c/8rskMHz5EWb><strong>鞭牛士Bianews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>3月29日,雷军发文透露,新一代SU7首周交付了四五千辆。此前消息,新一代SU7于3月19日正式上市,34分钟锁单1.5万台。3月23日,小米举办新一代SU7交付仪式,雷军透露,新一代SU7锁单量已突破3万台。</p>\n\n<a href=\"https://tech.ifeng.com/c/8rskMHz5EWb\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC NC","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","HK0000286598.CNH":"中银保诚中国价值基金 A","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","BK4116":"互联网服务与基础架构","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" 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ACC","BK1610":"ETF&股票定投概念","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","BK1575":"同股不同权"},"source_url":"https://tech.ifeng.com/c/8rskMHz5EWb","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2623331358","content_text":"3月29日,雷军发文透露,新一代SU7首周交付了四五千辆。此前消息,新一代SU7于3月19日正式上市,34分钟锁单1.5万台。3月23日,小米举办新一代SU7交付仪式,雷军透露,新一代SU7锁单量已突破3万台。","news_type":1,"symbols_score_info":{"81810":0.6,"XIACY":1.91,"MIUmain":0.6,"HXXD.SI":0.6,"01810":1.91}},"isVote":1,"tweetType":1,"viewCount":672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546777555986512,"gmtCreate":1774514173699,"gmtModify":1774514176459,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"就剩格力没接了,要不要拉一把?","listText":"就剩格力没接了,要不要拉一把?","text":"就剩格力没接了,要不要拉一把?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546777555986512","repostId":"2622880232","repostType":2,"repost":{"id":"2622880232","kind":"news","pubTimestamp":1774488960,"share":"https://www.laohu8.com/m/news/2622880232?lang=zh_CN&edition=full","pubTime":"2026-03-26 09:36","market":"us","language":"zh","title":"小米官宣LG家电接入米家APP!支持小米澎湃智联","url":"https://stock-news.laohu8.com/highlight/detail?id=2622880232","media":"CNMO科技","summary":"近日,小米官方正式宣布:LG旗下洗衣机、烘干机、冰箱等产品已开始接入米家生态,支持小米澎湃智联与超级小爱语音控制。LG并非首个接入米家的国际家电品牌。这一趋势显示,小米米家开放生态正吸引越来越多的主流家电品牌加入。据悉,米家APP是小米智能家庭的核心管理平台,截至2026年,小米全球AIoT连接设备数已突破10亿台,覆盖超过200个产品品类。","content":"<html><body><p>【CNMO科技消息】近日,<a href=\"https://laohu8.com/S/XIACY\">小米</a>官方正式宣布:LG旗下洗衣机、烘干机、冰箱等产品已开始接入米家生态,支持<a href=\"https://laohu8.com/S/01810\">小米</a>澎湃智联与超级小爱语音控制。</p><p><img src=\"https://x0.ifengimg.com/res/2026/FD04DFB9B3A49EF88464ED79DDB344275AEE2F69_size154_w524_h303.png\"/></p><p>LG并非首个接入米家的国际家电品牌。CNMO了解到,近期已有博世冰箱、博世洗衣机、博世干衣机、博世洗碗机、<a href=\"https://laohu8.com/S/SIEGY\">西门子</a>洗烘产品、西门子冰箱、西门子洗碗机、西门子厨房家电以及<a href=\"https://laohu8.com/S/603486\">科沃斯</a>地宝N50扫拖机器人等产品接入米家App。这一趋势显示,<a href=\"https://laohu8.com/S/81810\">小米</a>米家开放生态正吸引越来越多的主流家电品牌加入。通过小米澎湃智联技术,不同品牌的智能设备可以实现互联互通,打破了过去智能家居“各自为政”的壁垒。</p><p><img src=\"https://x0.ifengimg.com/res/2026/2F554E6AE970C0A508DB04522B57FA93B490CDEE_size255_w523_h673.png\"/></p><p>值得一提的是,在刚刚落幕的AWE2026(中国家电及消费电子博览会)上,LG电子以“双馆联动”形式参展,展示了多款高端家电产品。其中,LG WashTower洗烘塔采用一体式扁平化设计,拥有20kg大容量和先进的AI洗烘技术,通过AI智能传感可自动检测衣物重量、材质和脏污程度,匹配6种洗涤动作。</p><p><img src=\"https://x0.ifengimg.com/res/2026/BC3D05BC04FE8C1A803C6D5A5A00E57A3834490A_size186_w557_h441.png\"/></p><p>据悉,米家APP是小米智能家庭的核心管理平台,截至2026年,小米全球AIoT连接设备数已突破10亿台,覆盖超过200个产品品类。用户可以通过米家APP完成以下操作:</p><p>设备控制:一个APP随时随地控制家中所有智能设备</p><p>智能场景:按照自己的使用习惯,设置个性化的智能场景</p><p>语音控制:通过超级小爱实现声控家电</p><p>设备分享:将设备分享给家人朋友,共同享受智能生活</p></body></html>","source":"fenghuang_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米官宣LG家电接入米家APP!支持小米澎湃智联\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-26 09:36 北京时间 <a href=https://tech.ifeng.com/c/8rnqTNrFgQk><strong>CNMO科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>【CNMO科技消息】近日,小米官方正式宣布:LG旗下洗衣机、烘干机、冰箱等产品已开始接入米家生态,支持小米澎湃智联与超级小爱语音控制。LG并非首个接入米家的国际家电品牌。CNMO了解到,近期已有博世冰箱、博世洗衣机、博世干衣机、博世洗碗机、西门子洗烘产品、西门子冰箱、西门子洗碗机、西门子厨房家电以及科沃斯地宝N50扫拖机器人等产品接入米家App。这一趋势显示,小米米家开放生态正吸引越来越多的主流...</p>\n\n<a href=\"https://tech.ifeng.com/c/8rnqTNrFgQk\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","01810":"小米集团-W","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU0594300419.USD":"富达中国消费基金A","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) 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ACC"},"source_url":"https://tech.ifeng.com/c/8rnqTNrFgQk","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2622880232","content_text":"【CNMO科技消息】近日,小米官方正式宣布:LG旗下洗衣机、烘干机、冰箱等产品已开始接入米家生态,支持小米澎湃智联与超级小爱语音控制。LG并非首个接入米家的国际家电品牌。CNMO了解到,近期已有博世冰箱、博世洗衣机、博世干衣机、博世洗碗机、西门子洗烘产品、西门子冰箱、西门子洗碗机、西门子厨房家电以及科沃斯地宝N50扫拖机器人等产品接入米家App。这一趋势显示,小米米家开放生态正吸引越来越多的主流家电品牌加入。通过小米澎湃智联技术,不同品牌的智能设备可以实现互联互通,打破了过去智能家居“各自为政”的壁垒。值得一提的是,在刚刚落幕的AWE2026(中国家电及消费电子博览会)上,LG电子以“双馆联动”形式参展,展示了多款高端家电产品。其中,LG WashTower洗烘塔采用一体式扁平化设计,拥有20kg大容量和先进的AI洗烘技术,通过AI智能传感可自动检测衣物重量、材质和脏污程度,匹配6种洗涤动作。据悉,米家APP是小米智能家庭的核心管理平台,截至2026年,小米全球AIoT连接设备数已突破10亿台,覆盖超过200个产品品类。用户可以通过米家APP完成以下操作:设备控制:一个APP随时随地控制家中所有智能设备智能场景:按照自己的使用习惯,设置个性化的智能场景语音控制:通过超级小爱实现声控家电设备分享:将设备分享给家人朋友,共同享受智能生活","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"01810":1.95,"MIUmain":0.6,"XIACY":1.95}},"isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546501608690576,"gmtCreate":1774447898236,"gmtModify":1774447900827,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"负粉:我看不到看不到","listText":"负粉:我看不到看不到","text":"负粉:我看不到看不到","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546501608690576","repostId":"2621098583","repostType":2,"repost":{"id":"2621098583","kind":"news","pubTimestamp":1774359545,"share":"https://www.laohu8.com/m/news/2621098583?lang=zh_CN&edition=full","pubTime":"2026-03-24 21:39","market":"sh","language":"zh","title":"2025年营收首破千亿元 小米汽车等创新业务首次实现年度盈利 卢伟冰:出海首站欧洲 选址、招商等已启动","url":"https://stock-news.laohu8.com/highlight/detail?id=2621098583","media":"每日经济新闻","summary":"3月24日,小米集团(01810.HK)发布2025年全年业绩公告显示,2025年总收入达4573亿元,同比增长25%;经调整净利润392亿元,同比大增43.8%,均创历史新高。图片来源:小米集团财报具体业务方面,2025年,智能电动汽车及AI(人工智能)等创新业务收入首次突破千亿元大关,达到1061亿元,同比增长223.8%,年度经营收益首次转正至9亿元。","content":"<div>\n<p>3月24日,小米集团(01810.HK)发布2025年全年业绩公告显示,2025年总收入达4573亿元,同比增长25%;经调整净利润392亿元,同比大增43.8%,均创历史新高。 图片来源:小米集团财报 具体业务方面,2025年,智能电动汽车及AI(人工智能)等创新业务收入首次突破千亿元大关,达到1061亿元,同比增长223.8%,年度经营收益首次转正至9亿元。2025年第四季度,该分部收入增至...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202603243682879242.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta 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href=http://finance.eastmoney.com/a/202603243682879242.html><strong>每日经济新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>3月24日,小米集团(01810.HK)发布2025年全年业绩公告显示,2025年总收入达4573亿元,同比增长25%;经调整净利润392亿元,同比大增43.8%,均创历史新高。 图片来源:小米集团财报 具体业务方面,2025年,智能电动汽车及AI(人工智能)等创新业务收入首次突破千亿元大关,达到1061亿元,同比增长223.8%,年度经营收益首次转正至9亿元。2025年第四季度,该分部收入增至...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202603243682879242.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","BK1502":"双十一","LU0499858438.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) INC","LU0169518387.USD":"JPM ASIA EQUITY \"A\" ACC","LU2476274720.SGD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (SGDHDG) ACC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","BK1589":"北水核心资产","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0823397103.USD":"BNP PARIBAS 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INC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD"},"source_url":"http://finance.eastmoney.com/a/202603243682879242.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2621098583","content_text":"3月24日,小米集团(01810.HK)发布2025年全年业绩公告显示,2025年总收入达4573亿元,同比增长25%;经调整净利润392亿元,同比大增43.8%,均创历史新高。 图片来源:小米集团财报 具体业务方面,2025年,智能电动汽车及AI(人工智能)等创新业务收入首次突破千亿元大关,达到1061亿元,同比增长223.8%,年度经营收益首次转正至9亿元。2025年第四季度,该分部收入增至372亿元,同比增超123%,营收占比达32%,逐步趋近手机业务,成为集团最强增长动能。 毛利率方面,2025年,小米集团智能电动汽车及AI等创新业务毛利率为24.3%,较2024年提升了5.8个百分点。小米集团方面解释,这主要是由于小米SU7 Ultra及小米YU7系列交付,以及其他相关业务毛利率上升所致。 官方数据显示,2025年新车交付约41.11万辆,同比增长200.4%。得益于汽车交付量的高增长,小米汽车在2025年汽车业务收入首超千亿元,达1033亿元。 小米集团合伙人、集团总裁卢伟冰在业绩发布电话会上表示,公司电动汽车业务还要持续向前发展,一定要比去年发展得更好,这样才能带动整个集团在内存上涨的产业大环境下,保证公司业务往前去走。“2026年,我们将全力冲刺交付55万辆小米汽车的目标。”卢伟冰说。 3月19日,新一代小米SU7正式上市,3月23日开启交付。“新一代SU7发售34分钟,锁单量突破1.5万辆,开售三天后锁单量超3万辆。从这两个数字来看,新一代SU7进度超过了第一代SU7。”小米集团CFO(首席财务官)林世伟强调,公司对新一代SU7后续订单非常有信心。 关于出海规划,林世伟表示,小米汽车的出海时间表没有变化,会在2027年进入欧洲市场。“我们汽车出海首站选在欧洲,选择了最高的制高点,采用先难后易的策略出海。”卢伟冰透露,今年,小米汽车会按照这个时间表推进,包括组队到欧洲选址、招商等工作已经开始启动。 卢伟冰称,前段时间在欧洲进行市场调研后发现,现在是中国汽车出海的大好时机。“比亚迪、小鹏、奇瑞等很多友商在欧洲发展得都很好,小米也可以和中国汽车同行一起,把中国新能源汽车推向全球。” 财报显示,小米集团过去五年累计研发开支达到1055亿元。其中,2025年的研发开支达到331亿元,接近全年利润,同比增长37.8%。卢伟冰预计,自2026年开始,未来五年小米集团的累计研发开支将超过2000亿元。(文章来源:每日经济新闻)","news_type":1,"symbols_score_info":{"81810":0.6,"01810":1.98,"HXXD.SI":0.6,"MIUmain":0.6,"XIACY":1.98}},"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546473013891960,"gmtCreate":1774425623051,"gmtModify":1774425625978,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"奇怪,空头这次怎么不拿价格做文章了?手机不涨价股价要涨该回补了","listText":"奇怪,空头这次怎么不拿价格做文章了?手机不涨价股价要涨该回补了","text":"奇怪,空头这次怎么不拿价格做文章了?手机不涨价股价要涨该回补了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546473013891960","repostId":"2622041925","repostType":2,"repost":{"id":"2622041925","kind":"news","pubTimestamp":1774411380,"share":"https://www.laohu8.com/m/news/2622041925?lang=zh_CN&edition=full","pubTime":"2026-03-25 12:03","market":"sg","language":"zh","title":"小米手机为什么不涨价?原因居然这么简单","url":"https://stock-news.laohu8.com/highlight/detail?id=2622041925","media":"泡泡网","summary":"春节假期后,多家手机厂商已公开宣布并实施涨价,部分机型涨幅高达500元。面对外界关于小米手机为何尚未涨价的疑问,小米集团合伙人及手机部总裁卢伟冰在近日的投资者电话会议上给出了明确回应。 尽管小米目前以内部消化为主,卢伟冰也诚恳地表示,若外部压力持续增大,未来不排除会有调价动作。","content":"<html><body><div>\n<p cms-style=\"font-L\"> 春节假期后,多家手机厂商已公开宣布并实施涨价,部分机型涨幅高达500元。面对外界关于<a href=\"https://laohu8.com/S/XIACY\">小米</a>手机为何尚未涨价的疑问,<a href=\"https://laohu8.com/S/01810\">小米</a>集团合伙人及手机部总裁卢伟冰在近日的投资者电话会议上给出了明确回应。</p><div><img src=\"http://n.sinaimg.cn/spider20260325/432/w730h502/20260325/039b-fe9e253b2d0db4770e41d9637ffef99f.png\"/><span></span></div><p cms-style=\"font-L\"> 卢伟冰表示,<a href=\"https://laohu8.com/S/81810\">小米</a>的产品线非常多元化,涵盖手机、平板、PC、汽车和家电等多个领域,因此公司目前仍有能力通过内部调节来抗住上涨的成本压力。他强调:“内存涨价的速度和力度超出了市场预期,但我们的多元化布局使不同品类受到的成本冲击程度不一,这为公司提供了战略缓冲空间。”</p><div><img src=\"http://n.sinaimg.cn/spider20260325/417/w730h487/20260325/9468-81fce649df838eb6fca963a2b2e09cee.jpg\"/><span></span></div><p cms-style=\"font-L\"> 具体来看,内存成本在不同产品中的占比决定了其受到的影响程度。手机、平板和笔记本电脑受到了较大冲击,而智能汽车和IoT及智能家电类产品的影响相对较小。卢伟冰坦言,若完全不向消费者转嫁上涨的成本,企业将难以维持正常经营。尽管小米也面临巨大压力,但公司仍会努力在内部消化成本,还可以自己去抗。只有在确实无法承受时才会考虑提价,并希望消费者能给予理解。</p><p cms-style=\"font-L\"> 此外,卢伟冰指出,小米具备多重核心优势来应对当前的涨价潮。首先,公司的多元化产品线分散了单一品类的集中风险;其次,小米与全球主要内存供应商签署了长期供货合同,避免了断供隐忧;最重要的是,小米基于此前的预判,提前进行了大规模备货,目前库存充裕,使得小米在短期内拥有明显的成本优势和供货保障。</p><div><img src=\"http://n.sinaimg.cn/spider20260325/445/w730h515/20260325/c218-9bc15d47ac251171bf072e28c9ae56aa.png\"/><span></span></div><p cms-style=\"font-L\"> 尽管小米目前以内部消化为主,卢伟冰也诚恳地表示,若外部压力持续增大,未来不排除会有调价动作。他认为,存储芯片的涨价周期终将结束,各品类将迎来产业结构的重塑,而艰难的外部环境往往是企业进行技术创新的催化剂。这不仅是一场成本挑战,更是推动产业升级与创新的重要机遇。依托于稳固的供应链关系和充足的备货,小米将利用这一窗口期进一步优化产品结构,通过技术手段对冲成本上升带来的经营风险。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读,尽在新浪财经APP</div>\n</div>\n</div></body></html>","source":"sina","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米手机为什么不涨价?原因居然这么简单\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-25 12:03 北京时间 <a href=https://finance.sina.com.cn/roll/2026-03-25/doc-inhseqfw1023656.shtml><strong>泡泡网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>春节假期后,多家手机厂商已公开宣布并实施涨价,部分机型涨幅高达500元。面对外界关于小米手机为何尚未涨价的疑问,小米集团合伙人及手机部总裁卢伟冰在近日的投资者电话会议上给出了明确回应。 卢伟冰表示,小米的产品线非常多元化,涵盖手机、平板、PC、汽车和家电等多个领域,因此公司目前仍有能力通过内部调节来抗住上涨的成本压力。他强调:“内存涨价的速度和力度超出了市场预期,但我们的多元化布局使不同品类受到...</p>\n\n<a href=\"https://finance.sina.com.cn/roll/2026-03-25/doc-inhseqfw1023656.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","HXXD.SI":"Xiaomi HK SDR 2to1","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0359201612.USD":"贝莱德中国基金A2","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) 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SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","BK1506":"5G概念","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC"},"source_url":"https://finance.sina.com.cn/roll/2026-03-25/doc-inhseqfw1023656.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2622041925","content_text":"春节假期后,多家手机厂商已公开宣布并实施涨价,部分机型涨幅高达500元。面对外界关于小米手机为何尚未涨价的疑问,小米集团合伙人及手机部总裁卢伟冰在近日的投资者电话会议上给出了明确回应。 卢伟冰表示,小米的产品线非常多元化,涵盖手机、平板、PC、汽车和家电等多个领域,因此公司目前仍有能力通过内部调节来抗住上涨的成本压力。他强调:“内存涨价的速度和力度超出了市场预期,但我们的多元化布局使不同品类受到的成本冲击程度不一,这为公司提供了战略缓冲空间。” 具体来看,内存成本在不同产品中的占比决定了其受到的影响程度。手机、平板和笔记本电脑受到了较大冲击,而智能汽车和IoT及智能家电类产品的影响相对较小。卢伟冰坦言,若完全不向消费者转嫁上涨的成本,企业将难以维持正常经营。尽管小米也面临巨大压力,但公司仍会努力在内部消化成本,还可以自己去抗。只有在确实无法承受时才会考虑提价,并希望消费者能给予理解。 此外,卢伟冰指出,小米具备多重核心优势来应对当前的涨价潮。首先,公司的多元化产品线分散了单一品类的集中风险;其次,小米与全球主要内存供应商签署了长期供货合同,避免了断供隐忧;最重要的是,小米基于此前的预判,提前进行了大规模备货,目前库存充裕,使得小米在短期内拥有明显的成本优势和供货保障。 尽管小米目前以内部消化为主,卢伟冰也诚恳地表示,若外部压力持续增大,未来不排除会有调价动作。他认为,存储芯片的涨价周期终将结束,各品类将迎来产业结构的重塑,而艰难的外部环境往往是企业进行技术创新的催化剂。这不仅是一场成本挑战,更是推动产业升级与创新的重要机遇。依托于稳固的供应链关系和充足的备货,小米将利用这一窗口期进一步优化产品结构,通过技术手段对冲成本上升带来的经营风险。\n\n\n海量资讯、精准解读,尽在新浪财经APP","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"XIACY":1.96,"01810":1.96}},"isVote":1,"tweetType":1,"viewCount":712,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546194910229384,"gmtCreate":1774357726975,"gmtModify":1774357729663,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"这业绩还震不住空头啊?那就融券被回购吧,获利盘已经很少,愿意受影响割肉的也不会多","listText":"这业绩还震不住空头啊?那就融券被回购吧,获利盘已经很少,愿意受影响割肉的也不会多","text":"这业绩还震不住空头啊?那就融券被回购吧,获利盘已经很少,愿意受影响割肉的也不会多","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546194910229384","repostId":"1106888162","repostType":2,"repost":{"id":"1106888162","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1774344430,"share":"https://www.laohu8.com/m/news/1106888162?lang=zh_CN&edition=full","pubTime":"2026-03-24 17:27","market":"hk","language":"zh","title":"小米Q4营收1169亿元,创历史新高!汽车及AI创新业务全年营收同比大增223.8%","url":"https://stock-news.laohu8.com/highlight/detail?id=1106888162","media":"老虎资讯综合","summary":"小米集团全年营收4572.9亿元,预估4607.9亿元;调整后净利润391.7亿元,预估391.2亿元>>","content":"<html><head></head><body><p>3月24日,小米集团发布2025年第四季度及全年业绩。财报显示,第四季度营收1169亿元,创上市以来新高。集团毛利率20.8%,同比小幅提升。同期小米研发投入96亿元,同比增长29.1%,创历史新高。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1cd9e052347077e598521acf2dbdee61\" title=\"\" tg-width=\"1089\" tg-height=\"441\"/></p><p>财报显示,小米集团全年营收4572.9亿元,预估4607.9亿元;调整后净利润391.7亿元,预估391.2亿元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9034f76d9491482346624c0bb08d4e25\" title=\"\" tg-width=\"1101\" tg-height=\"366\"/></p><p>2025年,“手机×AIoT”分部收入为人民币3,512亿元,同比增长5.4%;“智能电动汽车及AI等创新业务”分部收入为人民币1,061亿元,同比增长223.8%。</p><p>2025年共交付411,082辆新车,交付量同比增长200.4%。2025年第四季度,共交付145,115辆新车,交付量同比增长108.2%。2025年,在中国大陆地区销售价人民币20万元以上的轿车中,Xiaomi SU 7系列销量排名第一;截至2026年2月,Xiaomi YU 7系列达成连续7个月在中国大陆地区中大型SUV销量排名第一。2026年,将全力冲刺交付55万辆小米汽车的目标。</p><p>2025年,公司研发开支达到人民币331亿元,同比增长37.8%。截至2025年12月31日,研发人员数创历史新高,达25,457人。此外,公司预估自2026年开始,未来五年累计研发开支将超过人民币2,000亿元。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米Q4营收1169亿元,创历史新高!汽车及AI创新业务全年营收同比大增223.8%</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米Q4营收1169亿元,创历史新高!汽车及AI创新业务全年营收同比大增223.8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-03-24 17:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>3月24日,小米集团发布2025年第四季度及全年业绩。财报显示,第四季度营收1169亿元,创上市以来新高。集团毛利率20.8%,同比小幅提升。同期小米研发投入96亿元,同比增长29.1%,创历史新高。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1cd9e052347077e598521acf2dbdee61\" title=\"\" tg-width=\"1089\" tg-height=\"441\"/></p><p>财报显示,小米集团全年营收4572.9亿元,预估4607.9亿元;调整后净利润391.7亿元,预估391.2亿元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9034f76d9491482346624c0bb08d4e25\" title=\"\" tg-width=\"1101\" tg-height=\"366\"/></p><p>2025年,“手机×AIoT”分部收入为人民币3,512亿元,同比增长5.4%;“智能电动汽车及AI等创新业务”分部收入为人民币1,061亿元,同比增长223.8%。</p><p>2025年共交付411,082辆新车,交付量同比增长200.4%。2025年第四季度,共交付145,115辆新车,交付量同比增长108.2%。2025年,在中国大陆地区销售价人民币20万元以上的轿车中,Xiaomi SU 7系列销量排名第一;截至2026年2月,Xiaomi YU 7系列达成连续7个月在中国大陆地区中大型SUV销量排名第一。2026年,将全力冲刺交付55万辆小米汽车的目标。</p><p>2025年,公司研发开支达到人民币331亿元,同比增长37.8%。截至2025年12月31日,研发人员数创历史新高,达25,457人。此外,公司预估自2026年开始,未来五年累计研发开支将超过人民币2,000亿元。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/99b330c7a5fe2b62c4d008bd67f85ddd","relate_stocks":{"XIACY":"小米集团ADR","01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106888162","content_text":"3月24日,小米集团发布2025年第四季度及全年业绩。财报显示,第四季度营收1169亿元,创上市以来新高。集团毛利率20.8%,同比小幅提升。同期小米研发投入96亿元,同比增长29.1%,创历史新高。财报显示,小米集团全年营收4572.9亿元,预估4607.9亿元;调整后净利润391.7亿元,预估391.2亿元。2025年,“手机×AIoT”分部收入为人民币3,512亿元,同比增长5.4%;“智能电动汽车及AI等创新业务”分部收入为人民币1,061亿元,同比增长223.8%。2025年共交付411,082辆新车,交付量同比增长200.4%。2025年第四季度,共交付145,115辆新车,交付量同比增长108.2%。2025年,在中国大陆地区销售价人民币20万元以上的轿车中,Xiaomi SU 7系列销量排名第一;截至2026年2月,Xiaomi YU 7系列达成连续7个月在中国大陆地区中大型SUV销量排名第一。2026年,将全力冲刺交付55万辆小米汽车的目标。2025年,公司研发开支达到人民币331亿元,同比增长37.8%。截至2025年12月31日,研发人员数创历史新高,达25,457人。此外,公司预估自2026年开始,未来五年累计研发开支将超过人民币2,000亿元。","news_type":1,"symbols_score_info":{"XIACY":2,"01810":2}},"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546018080646664,"gmtCreate":1774314592202,"gmtModify":1774314594517,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"小米电器远程控制确实方便","listText":"小米电器远程控制确实方便","text":"小米电器远程控制确实方便","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546018080646664","repostId":"2621051397","repostType":2,"repost":{"id":"2621051397","kind":"news","pubTimestamp":1774266600,"share":"https://www.laohu8.com/m/news/2621051397?lang=zh_CN&edition=full","pubTime":"2026-03-23 19:50","market":"sg","language":"zh","title":"小米,正在敲响美的、格力、海尔的警钟","url":"https://stock-news.laohu8.com/highlight/detail?id=2621051397","media":"亿欧网","summary":"小米大家电悄然成为“主角”誓要踢掉美的、格力其中一家?小米大家电的增长势头已引起对手们的“警觉”。2025年8月,格力电器市场总监朱磊在微博发文,反击“小米空调线上份额超越格力”的说法。尽管称“小米空调超越格力”言之尚早,但不可否认的是,以空调为代表的小米大家电,正在打破由美的、格力、海尔等传统家电龙头构筑的竞争格局。","content":"<html><body><div>\n<div><img cms-height=\"297.031\" cms-width=\"578\" src=\"http://n.sinaimg.cn/spider20260323/35/w1080h555/20260323/c50c-b401cace630ac5e290c159b8cc5c0d89.jpg\"/><span></span></div><p cms-style=\"font-L\">打穿行业,重新洗牌</p><p cms-style=\"font-L align-right\">作者丨王圆磊</p><p cms-style=\"font-L\">喊话美的、对战格力......<a href=\"https://laohu8.com/S/XIACY\">小米</a>对“老大哥们”拳打脚踢。</p><p cms-style=\"font-L\">传统家电巨头们积极迎战<a href=\"https://laohu8.com/S/01810\">小米</a>。“没想到老大哥们对<a href=\"https://laohu8.com/S/81810\">小米</a>这么重视,下起手来还非常重。”2025年8月,小米集团总裁卢伟冰称。</p><p cms-style=\"font-L\">在中国众多科技企业中,小米称得上是一朵奇葩,创始人IP与公司高度绑定,在核心业务手机取得巨大的商业成绩后,又成功开辟出智能网联汽车第二增长曲线,并打破全球汽车工业增长纪录。</p><p cms-style=\"font-L\">尤其值得一提的是,近两年大家电业务也开始“起飞”。</p><p cms-style=\"font-L\">在传统家电厂商都在苦战之际,小米大家电轻轻松松便完成了增长KPI,实现了量价齐升,表现出的“松弛感”值得分析。</p><div><img cms-height=\"59.9844\" cms-width=\"661\" src=\"http://n.sinaimg.cn/spider20260323/378/w1080h98/20260323/21d6-4f6c036c7160478c2d1cea05f4081c98.jpg\"/><span></span></div><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">小米大家电悄然成为“主角”</font></p><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">誓要踢掉美的、格力其中一家?</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">小米是极少数在家电行业大盘下行情况下实现逆势增长的企业</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">先来看大盘。虽然有智能家电的推动,但受消费信心偏弱、房地产市场调整等诸多因素影响,总体上家电市场依然连年承压,且至今仍未出现扭转迹象。</p><p cms-style=\"font-L\">全国家用电器工业信息中心数据显示,2025年中国家电内销市场规模为8461亿元,同比下降0.1%。</p><p cms-style=\"font-L\">相比于内销市场,出口压力明显更大。海关总署数据显示,2025年全年家电出口额6888.5亿元,同比下降3.9%。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">反映在企业上,</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">行业两级分化已愈发明显——</font><font cms-style=\"font-L strong-Bold color210\">行业TOP级玩家尚能支撑,但行业中腰部及以下阵营大多数深陷泥潭。但即使这样,家电龙头们的日子也压力山大</font><font cms-style=\"font-L\">。</font></font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">以<span><a href=\"https://laohu8.com/S/600690\">海尔智家</a></span><span></span>为例,</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">2024年上半年,<a href=\"https://laohu8.com/S/06690\">海尔智家</a>归母净利润104.2亿元,同比增长16.3%。到了2025年上半年,海尔智家归母净利润为120.33亿元,同比增长已降至15.6%。</font></font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/000651\">格力电器</a></span><span></span>也是类似表现,2024年上半年,格力电器</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">归母净利润141.36亿元,同比增长11.54%。</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">2025年上半年,格力电器归母净利润为144.12亿元,仅同比增长1.95%。</font></font></font></p><p cms-style=\"font-L\">与老牌厂商相比,小米大家电业务起步较晚,且在集团内部并不如手机、汽车等亮眼,甚至在外界看来,小米大家电远不如后两者更有想象力。</p><p cms-style=\"font-L\">和外界感知形成巨大反差的是,从增速上看,小米大家电业务增速甚至超过了小米手机。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">具体到财务数据上,</font><font cms-style=\"font-L strong-Bold color210\">2025年上半年,小米智能大家电收入创历史新高,同比增长78.1%</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">其中,空调产品出货量超过680万台,同比增速超过60%。冰箱产品出货量超160万台,同比增速超过40%。洗衣机产品出货量超130万台,同比增速超过70%。</p><p cms-style=\"font-L\">“冰空洗”三大“白电”产品增速非常可观,这也直接推动了小米IoT与生活消费产品板块业务的增长。2025年上半年,该业务板块收入增长至711亿元,较2024年上半年的471亿元,同比大幅增加50.96%。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">小米大家电的增长势头已引起对手们的“警觉”。</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">格力是反抗最强烈的品牌之一。</font></font></p><p cms-style=\"font-L\">2025年8月,格力电器市场总监朱磊在微博发文,反击“小米空调线上份额超越格力”的说法。多方进行了反复拉扯。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">尽管称“小米空调超越格力”言之尚早,但不可否认的是,以空调为代表的小米大家电,正在打破由美的、格力、海尔等传统家电龙头构筑的竞争格局</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">众所周知,小米在打造畅销产品上颇有经验。首先精准切入市场空缺价位段,再通过互联网营销,依靠产品超高颜值,号召庞大的“米粉”群体,趁机以低价占领市场,迅速拉升产品销量。</p><p cms-style=\"font-L\">值得一提的是,小米智能家电工厂的投产,又将极大地提升小米的“战斗力”。小米自建工厂后,将补齐最后一块生产短板,完整打通“设计、研发、生产、验证”闭环。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">此时,</font><font cms-style=\"font-L\">小米的战略将从“量变走向质变”,即完成市占率的抢攻后,逐渐开始用户和产品的分层,走向高端化</font><font cms-style=\"font-L\">。</font></p><div><img cms-height=\"282.156\" cms-width=\"661\" src=\"http://n.sinaimg.cn/spider20260323/741/w1080h461/20260323/9e8c-140edaae8038bf08b8dbfe8cc939b905.jpg\"/><span>小米智能家电工厂,每6.5秒下线一台空调</span></div><p cms-style=\"font-L\"><font cms-style=\"font-L\">2025年10月,在小米智能家电工厂投产仪式上,卢伟冰称,</font><font cms-style=\"font-L strong-Bold color210\">未来五年小米大家电业务将冲刺千亿规模,到2030年空调业务目标在中国市场数一数二</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\">小米战书已下。目前,</font><font cms-style=\"font-L strong-Bold\">中国空调市场头两把交椅属于美的、格力</font><font cms-style=\"font-L\">,这就意味着,</font><font cms-style=\"font-L strong-Bold\">其中一家将被小米踢掉</font><font cms-style=\"font-L\">。</font></p><div><img cms-height=\"61.4375\" cms-width=\"677\" src=\"http://n.sinaimg.cn/spider20260323/378/w1080h98/20260323/21d6-4f6c036c7160478c2d1cea05f4081c98.jpg\"/><span></span></div><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">背靠生态</font></p><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">小米抢攻巨头硬核阵地</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\">除了增速以外,高端化是小米大家电的一大看点。此前,小米大家电部总经理单联瑜曾表示,</font><font cms-style=\"font-L strong-Bold color210\">高端化意味着能力建设,怎么让产品看上去贵有贵的道理,它值这个钱,这是小米一定要做的事情</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">亿欧认为,高端至少要具备四层要素,首先是</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">智能化</font><font cms-style=\"font-L\">,这也是与传统家电根本区别所在。二是</font><font cms-style=\"font-L strong-Bold\">品质可控</font><font cms-style=\"font-L\">,企业要拥有自主可控的全链路控制能力。三是影响</font><font cms-style=\"font-L strong-Bold\">用户心智</font><font cms-style=\"font-L\">,打造高端品牌形象。最终,将</font><font cms-style=\"font-L strong-Bold\">体现在价格上</font><font cms-style=\"font-L\">,定价是产品竞争力的直观体现。</font></font></p><p cms-style=\"font-L\">高端化的战略价值显而易见。拥有更高的品牌溢价和毛利率,可直接改善利润结构,摆脱低端的价格战泥潭。更重要的是,只有占据高端市场,企业才有资格参与行业标准的制定,从“跟随者”成为“引领者”。</p><p cms-style=\"font-L\">在大家电高端化方面,小米与美的、海尔等传统厂商的实现路径有所不同,传统巨头主要依靠深耕多年的渠道与品牌优势。</p><p cms-style=\"font-L\">比如海尔卡萨帝,经过二十年深耕积累了强大的品牌认知。GfK中怡康数据显示,2025年10月,卡萨帝冰箱、洗衣机在1万以上价位段市占率分别达43%、76%,空调在1.5万以上价位段份额达60.8%。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">小米在实现家电高端化上,重要一招便是</font><font cms-style=\"font-L strong-Bold\">打造AI家电,通过AI介入家电智能化,重构高端生活体验</font><font cms-style=\"font-L\">。眼下,肉眼可见的趋势是,AI正在助推家电行业从产品竞争迈向生态竞争。</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\">毫无疑问,</font><font cms-style=\"font-L strong-Bold color210\">在生态这片阵地上,这是小米的主场</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">长期以来,“生态”“平台”都是商业世界中被频繁提及的“性感”词汇,大公司都在拼命打造生态,也都声称自己是平台型企业。</p><p cms-style=\"font-L\">但现实是,真正具备生态能力的企业少之又少。</p><p cms-style=\"font-L\">大约十年前,贾跃亭向公众描述一个又一个庞大的乐视生态故事,电视、手机、汽车、体育、影视……每一个业务都让人“热泪盈眶”。然而,靠概念驱动、靠资本喂养的乐视生态终究未能迎来<a href=\"https://laohu8.com/S/600303\">曙光</a>。</p><p cms-style=\"font-L\">雷军要比贾跃亭技高一筹,小米凭借在供应链上的话语权、渠道和品牌优势,以最原始的做生意的逻辑,帮助生态链企业迅速做大,数百家公司组成了一张庞大的生态网。</p><p cms-style=\"font-L\">商业世界从不缺少后来者,在小米之后,追觅科技凭借技术复利疯狂扩张,创始人俞浩声称要当世界首富,追觅科技要成为人类历史上第一家百万亿美元企业。</p><p cms-style=\"font-L\">从乐视到小米再到追觅,演绎了中国科技企业构建生态的升级路径:从资本到产品,再到技术。当然,这是个略显复杂的研究对象,本文不再展开。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">要明确的是,</font><font cms-style=\"font-L strong-Bold color210\">小米是目前极少数生态能力最强的科技企业之一,已<a href=\"https://laohu8.com/S/01630\">建成</a>全球最大的消费级物联网平台</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">而大家电,正是小米“人、车、家生态”战略中极其重要的一环。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">据卢伟冰介绍,</font><font cms-style=\"font-L strong-Bold\">截至2025年底,小米全球月活用户达到7.42亿,AIoT平台连接设备数达10.4亿,硬件合作伙伴数量突破1.5万家</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">以生态联动智能,实现人、车、家的互联互通,从而提升大家电的高端化、智能化体验,小米已逐渐探索出新路子。</p><div><img cms-height=\"59.9844\" cms-width=\"661\" src=\"http://n.sinaimg.cn/spider20260323/378/w1080h98/20260323/21d6-4f6c036c7160478c2d1cea05f4081c98.jpg\"/><span></span></div><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">打通“最后一公里”</font></p><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">行业亟需破壁者</font></p><p cms-style=\"font-L\">对于用户来说,智能化是选择家电产品的一大指标。要在一个平台上操作不同设备,更便捷省事、更节能省电、更绿色环保、更好满足个性化需求,这些都需要企业持续攻关,要求品牌以生态思维打造全屋智能。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">全屋智能并非新话题,亿欧认为,其核心是让设备具备主动感知的能力,实现“无感化”的智能体验。至少要具备三大能力,一是</font><font cms-style=\"font-L strong-Bold\">设备间的无缝互联</font><font cms-style=\"font-L\">,打破品牌壁垒。二是</font><font cms-style=\"font-L strong-Bold\">AI技术深度介入</font><font cms-style=\"font-L\">。三是</font><font cms-style=\"font-L strong-Bold\">场景化、生态化的整体解决方</font><font cms-style=\"font-L\">案,而非单品的堆砌。</font></p><p cms-style=\"font-L\">但现实情况是,要实现这个目标绝非易事。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">突出问题便是协议碎片化</font><font cms-style=\"font-L\">。表面上看,美的、海尔等企业都声称能提供全套解决方案,但都存在缺陷。传统集成方案通常支持单一协议类型,用户使用不同品牌产品需要多个控制中枢,要在不同设备间切换才能体验到“手搓版”智能化。</font></p><p cms-style=\"font-L\">每家企业都希望用户使用自己的产品,存在“障碍”便在情理之中,真正实现互联互通注定是一条漫长的路。企业各怀心思,在技术、行标等方面都需要进一步努力。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">相比而言,</font><font cms-style=\"font-L strong-Bold color210\">小米的优势在于更丰富的产品线</font><font cms-style=\"font-L\">,智能手机、智能汽车、“冰空洗”科技家电,以及各类智能硬件产品,组成了庞大的生态链。AIoT平台连接的10.4亿设备,覆盖200多个产品,可实现跨品类的无缝协同。</font></p><p cms-style=\"font-L\">这正是传统家电品牌在短期内难以企及的优势。</p><p cms-style=\"font-L\">当然,小米大家电产品并非没有短板。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">一方面,小米大家电主要</font><font cms-style=\"font-L\">依赖线上和小米之家,</font><font cms-style=\"font-L strong-Bold\">线下场景渗透率有待进一步提高</font><font cms-style=\"font-L\">。再者,</font><font cms-style=\"font-L strong-Bold\">售后体系仍需持续完善。</font><font cms-style=\"font-L\">这也是小米需要重点“补课”的。</font></p><p cms-style=\"font-L\">更关键的是,在打造高端品牌形象上,海尔、美的、<a href=\"https://laohu8.com/S/01070\">TCL</a>、海信等拥有更加深厚的技术和品牌积累,小米要占领高端市场显然无法一蹴而就。</p><p cms-style=\"font-L\">过去,消费者对小米的认知普遍是“性价比”,很难将小米空调、小米洗衣机和“高端”联系在一起。如前文所述,价格是最直观的体现。以3匹家用立式空调为例,小米售价约5千元,而海尔卡萨帝则售价1万元以上。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">如何扭转消费者认知,让外界认为小米大家电也是高端品牌、高端产品,这是小米要做的事</font><font cms-style=\"font-L\">。当然,这需要小米踏实钻研技术,实实在在提升产品质量。</font></p><p cms-style=\"font-L\">从“轻资产”到“重制造”,从“性价比”到冲刺“高端化”,从布局国内到走向海外,小米大家电用互联网思维改造传统渠道,成为中国制造业升级的一个典型案例。</p><p cms-style=\"font-L\">无论如何,小米都将成为家电行业转型期值得观察的样本,对于传统家电巨头们来说都是值得警惕的事。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读,尽在新浪财经APP</div>\n</div>\n</div></body></html>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米,正在敲响美的、格力、海尔的警钟</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米,正在敲响美的、格力、海尔的警钟\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-23 19:50 北京时间 <a href=https://finance.sina.com.cn/stock/relnews/hk/2026-03-23/doc-inhrysxr4031917.shtml><strong>亿欧网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>打穿行业,重新洗牌作者丨王圆磊喊话美的、对战格力......小米对“老大哥们”拳打脚踢。传统家电巨头们积极迎战小米。“没想到老大哥们对小米这么重视,下起手来还非常重。”2025年8月,小米集团总裁卢伟冰称。在中国众多科技企业中,小米称得上是一朵奇葩,创始人IP与公司高度绑定,在核心业务手机取得巨大的商业成绩后,又成功开辟出智能网联汽车第二增长曲线,并打破全球汽车工业增长纪录。尤其值得一提的是,...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/relnews/hk/2026-03-23/doc-inhrysxr4031917.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) 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(dist)"},"source_url":"https://finance.sina.com.cn/stock/relnews/hk/2026-03-23/doc-inhrysxr4031917.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2621051397","content_text":"打穿行业,重新洗牌作者丨王圆磊喊话美的、对战格力......小米对“老大哥们”拳打脚踢。传统家电巨头们积极迎战小米。“没想到老大哥们对小米这么重视,下起手来还非常重。”2025年8月,小米集团总裁卢伟冰称。在中国众多科技企业中,小米称得上是一朵奇葩,创始人IP与公司高度绑定,在核心业务手机取得巨大的商业成绩后,又成功开辟出智能网联汽车第二增长曲线,并打破全球汽车工业增长纪录。尤其值得一提的是,近两年大家电业务也开始“起飞”。在传统家电厂商都在苦战之际,小米大家电轻轻松松便完成了增长KPI,实现了量价齐升,表现出的“松弛感”值得分析。小米大家电悄然成为“主角”誓要踢掉美的、格力其中一家?小米是极少数在家电行业大盘下行情况下实现逆势增长的企业。先来看大盘。虽然有智能家电的推动,但受消费信心偏弱、房地产市场调整等诸多因素影响,总体上家电市场依然连年承压,且至今仍未出现扭转迹象。全国家用电器工业信息中心数据显示,2025年中国家电内销市场规模为8461亿元,同比下降0.1%。相比于内销市场,出口压力明显更大。海关总署数据显示,2025年全年家电出口额6888.5亿元,同比下降3.9%。反映在企业上,行业两级分化已愈发明显——行业TOP级玩家尚能支撑,但行业中腰部及以下阵营大多数深陷泥潭。但即使这样,家电龙头们的日子也压力山大。以海尔智家为例,2024年上半年,海尔智家归母净利润104.2亿元,同比增长16.3%。到了2025年上半年,海尔智家归母净利润为120.33亿元,同比增长已降至15.6%。格力电器也是类似表现,2024年上半年,格力电器归母净利润141.36亿元,同比增长11.54%。2025年上半年,格力电器归母净利润为144.12亿元,仅同比增长1.95%。与老牌厂商相比,小米大家电业务起步较晚,且在集团内部并不如手机、汽车等亮眼,甚至在外界看来,小米大家电远不如后两者更有想象力。和外界感知形成巨大反差的是,从增速上看,小米大家电业务增速甚至超过了小米手机。具体到财务数据上,2025年上半年,小米智能大家电收入创历史新高,同比增长78.1%。其中,空调产品出货量超过680万台,同比增速超过60%。冰箱产品出货量超160万台,同比增速超过40%。洗衣机产品出货量超130万台,同比增速超过70%。“冰空洗”三大“白电”产品增速非常可观,这也直接推动了小米IoT与生活消费产品板块业务的增长。2025年上半年,该业务板块收入增长至711亿元,较2024年上半年的471亿元,同比大幅增加50.96%。小米大家电的增长势头已引起对手们的“警觉”。格力是反抗最强烈的品牌之一。2025年8月,格力电器市场总监朱磊在微博发文,反击“小米空调线上份额超越格力”的说法。多方进行了反复拉扯。尽管称“小米空调超越格力”言之尚早,但不可否认的是,以空调为代表的小米大家电,正在打破由美的、格力、海尔等传统家电龙头构筑的竞争格局。众所周知,小米在打造畅销产品上颇有经验。首先精准切入市场空缺价位段,再通过互联网营销,依靠产品超高颜值,号召庞大的“米粉”群体,趁机以低价占领市场,迅速拉升产品销量。值得一提的是,小米智能家电工厂的投产,又将极大地提升小米的“战斗力”。小米自建工厂后,将补齐最后一块生产短板,完整打通“设计、研发、生产、验证”闭环。此时,小米的战略将从“量变走向质变”,即完成市占率的抢攻后,逐渐开始用户和产品的分层,走向高端化。小米智能家电工厂,每6.5秒下线一台空调2025年10月,在小米智能家电工厂投产仪式上,卢伟冰称,未来五年小米大家电业务将冲刺千亿规模,到2030年空调业务目标在中国市场数一数二。小米战书已下。目前,中国空调市场头两把交椅属于美的、格力,这就意味着,其中一家将被小米踢掉。背靠生态小米抢攻巨头硬核阵地除了增速以外,高端化是小米大家电的一大看点。此前,小米大家电部总经理单联瑜曾表示,高端化意味着能力建设,怎么让产品看上去贵有贵的道理,它值这个钱,这是小米一定要做的事情。亿欧认为,高端至少要具备四层要素,首先是智能化,这也是与传统家电根本区别所在。二是品质可控,企业要拥有自主可控的全链路控制能力。三是影响用户心智,打造高端品牌形象。最终,将体现在价格上,定价是产品竞争力的直观体现。高端化的战略价值显而易见。拥有更高的品牌溢价和毛利率,可直接改善利润结构,摆脱低端的价格战泥潭。更重要的是,只有占据高端市场,企业才有资格参与行业标准的制定,从“跟随者”成为“引领者”。在大家电高端化方面,小米与美的、海尔等传统厂商的实现路径有所不同,传统巨头主要依靠深耕多年的渠道与品牌优势。比如海尔卡萨帝,经过二十年深耕积累了强大的品牌认知。GfK中怡康数据显示,2025年10月,卡萨帝冰箱、洗衣机在1万以上价位段市占率分别达43%、76%,空调在1.5万以上价位段份额达60.8%。小米在实现家电高端化上,重要一招便是打造AI家电,通过AI介入家电智能化,重构高端生活体验。眼下,肉眼可见的趋势是,AI正在助推家电行业从产品竞争迈向生态竞争。毫无疑问,在生态这片阵地上,这是小米的主场。长期以来,“生态”“平台”都是商业世界中被频繁提及的“性感”词汇,大公司都在拼命打造生态,也都声称自己是平台型企业。但现实是,真正具备生态能力的企业少之又少。大约十年前,贾跃亭向公众描述一个又一个庞大的乐视生态故事,电视、手机、汽车、体育、影视……每一个业务都让人“热泪盈眶”。然而,靠概念驱动、靠资本喂养的乐视生态终究未能迎来曙光。雷军要比贾跃亭技高一筹,小米凭借在供应链上的话语权、渠道和品牌优势,以最原始的做生意的逻辑,帮助生态链企业迅速做大,数百家公司组成了一张庞大的生态网。商业世界从不缺少后来者,在小米之后,追觅科技凭借技术复利疯狂扩张,创始人俞浩声称要当世界首富,追觅科技要成为人类历史上第一家百万亿美元企业。从乐视到小米再到追觅,演绎了中国科技企业构建生态的升级路径:从资本到产品,再到技术。当然,这是个略显复杂的研究对象,本文不再展开。要明确的是,小米是目前极少数生态能力最强的科技企业之一,已建成全球最大的消费级物联网平台。而大家电,正是小米“人、车、家生态”战略中极其重要的一环。据卢伟冰介绍,截至2025年底,小米全球月活用户达到7.42亿,AIoT平台连接设备数达10.4亿,硬件合作伙伴数量突破1.5万家。以生态联动智能,实现人、车、家的互联互通,从而提升大家电的高端化、智能化体验,小米已逐渐探索出新路子。打通“最后一公里”行业亟需破壁者对于用户来说,智能化是选择家电产品的一大指标。要在一个平台上操作不同设备,更便捷省事、更节能省电、更绿色环保、更好满足个性化需求,这些都需要企业持续攻关,要求品牌以生态思维打造全屋智能。全屋智能并非新话题,亿欧认为,其核心是让设备具备主动感知的能力,实现“无感化”的智能体验。至少要具备三大能力,一是设备间的无缝互联,打破品牌壁垒。二是AI技术深度介入。三是场景化、生态化的整体解决方案,而非单品的堆砌。但现实情况是,要实现这个目标绝非易事。突出问题便是协议碎片化。表面上看,美的、海尔等企业都声称能提供全套解决方案,但都存在缺陷。传统集成方案通常支持单一协议类型,用户使用不同品牌产品需要多个控制中枢,要在不同设备间切换才能体验到“手搓版”智能化。每家企业都希望用户使用自己的产品,存在“障碍”便在情理之中,真正实现互联互通注定是一条漫长的路。企业各怀心思,在技术、行标等方面都需要进一步努力。相比而言,小米的优势在于更丰富的产品线,智能手机、智能汽车、“冰空洗”科技家电,以及各类智能硬件产品,组成了庞大的生态链。AIoT平台连接的10.4亿设备,覆盖200多个产品,可实现跨品类的无缝协同。这正是传统家电品牌在短期内难以企及的优势。当然,小米大家电产品并非没有短板。一方面,小米大家电主要依赖线上和小米之家,线下场景渗透率有待进一步提高。再者,售后体系仍需持续完善。这也是小米需要重点“补课”的。更关键的是,在打造高端品牌形象上,海尔、美的、TCL、海信等拥有更加深厚的技术和品牌积累,小米要占领高端市场显然无法一蹴而就。过去,消费者对小米的认知普遍是“性价比”,很难将小米空调、小米洗衣机和“高端”联系在一起。如前文所述,价格是最直观的体现。以3匹家用立式空调为例,小米售价约5千元,而海尔卡萨帝则售价1万元以上。如何扭转消费者认知,让外界认为小米大家电也是高端品牌、高端产品,这是小米要做的事。当然,这需要小米踏实钻研技术,实实在在提升产品质量。从“轻资产”到“重制造”,从“性价比”到冲刺“高端化”,从布局国内到走向海外,小米大家电用互联网思维改造传统渠道,成为中国制造业升级的一个典型案例。无论如何,小米都将成为家电行业转型期值得观察的样本,对于传统家电巨头们来说都是值得警惕的事。\n\n\n海量资讯、精准解读,尽在新浪财经APP","news_type":1,"symbols_score_info":{"81810":0.6,"01810":1.96,"XIACY":1.96,"HXXD.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546014524637560,"gmtCreate":1774314398024,"gmtModify":1774314400427,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"豪气,到底是谁在搞小米?","listText":"豪气,到底是谁在搞小米?","text":"豪气,到底是谁在搞小米?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546014524637560","repostId":"1132507464","repostType":2,"repost":{"id":"1132507464","kind":"news","weMediaInfo":{"introduction":"港美股公告全覆盖","home_visible":1,"media_name":"公告速递","id":"1097772564","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d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18:56","market":"hk","language":"zh","title":"小米集团-W:3月23日回购312.98万股,耗资约9999.49万港元","url":"https://stock-news.laohu8.com/highlight/detail?id=1132507464","media":"公告速递","summary":"2026年3月23日,小米集团-W发布翌日披露报表,当日于香港联交所场内回购312.98万股B类普通股,占已发行股本约0.012%,每股价格介乎31.8港元至32.08港元,总涉资约9999.49万港元。同日,公司还根据股份计划授予及普通股购买协议,分别发行299,500股及980,184股B类普通股,发行价分别为2.7港元与52.64港元。至今已累计回购279,376,600股,占授权总数的1.08%。公告确认本次发行与回购均符合香港联交所上市规则及相关法律规定,公告由首席财务官林世伟签署。","content":"<p>2026年3月23日,小米集团-W(01810)发布翌日披露报表,当日于香港联交所场内回购312.98万股B类普通股,占已发行股本约0.012%,每股价格介乎31.8港元至32.08港元,总涉资约9999.49万港元。</p>\n<p>同日,公司还根据股份计划授予及普通股购买协议,分别发行299,500股及980,184股B类普通股,发行价分别为2.7港元与52.64港元。变动后,公司B类普通股数量增至21,458,105,898股。</p>\n<p>公司显示,其回购授权于2025年6月5日获得通过,可回购股份上限为2,594,916,968股。至今已累计回购279,376,600股,占授权总数的1.08%。</p>\n<p>公告确认本次发行与回购均符合香港联交所上市规则及相关法律规定,公告由首席财务官林世伟签署。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米集团-W:3月23日回购312.98万股,耗资约9999.49万港元</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米集团-W:3月23日回购312.98万股,耗资约9999.49万港元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1097772564\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">公告速递 </p>\n<p class=\"h-time\">2026-03-23 18:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>2026年3月23日,小米集团-W(01810)发布翌日披露报表,当日于香港联交所场内回购312.98万股B类普通股,占已发行股本约0.012%,每股价格介乎31.8港元至32.08港元,总涉资约9999.49万港元。</p>\n<p>同日,公司还根据股份计划授予及普通股购买协议,分别发行299,500股及980,184股B类普通股,发行价分别为2.7港元与52.64港元。变动后,公司B类普通股数量增至21,458,105,898股。</p>\n<p>公司显示,其回购授权于2025年6月5日获得通过,可回购股份上限为2,594,916,968股。至今已累计回购279,376,600股,占授权总数的1.08%。</p>\n<p>公告确认本次发行与回购均符合香港联交所上市规则及相关法律规定,公告由首席财务官林世伟签署。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132507464","content_text":"2026年3月23日,小米集团-W(01810)发布翌日披露报表,当日于香港联交所场内回购312.98万股B类普通股,占已发行股本约0.012%,每股价格介乎31.8港元至32.08港元,总涉资约9999.49万港元。\n同日,公司还根据股份计划授予及普通股购买协议,分别发行299,500股及980,184股B类普通股,发行价分别为2.7港元与52.64港元。变动后,公司B类普通股数量增至21,458,105,898股。\n公司显示,其回购授权于2025年6月5日获得通过,可回购股份上限为2,594,916,968股。至今已累计回购279,376,600股,占授权总数的1.08%。\n公告确认本次发行与回购均符合香港联交所上市规则及相关法律规定,公告由首席财务官林世伟签署。","news_type":1,"symbols_score_info":{"01810":1}},"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":544209002082416,"gmtCreate":1773889019338,"gmtModify":1773889021645,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"董明珠你出来,你也搞一个AI大模型看看","listText":"董明珠你出来,你也搞一个AI大模型看看","text":"董明珠你出来,你也搞一个AI大模型看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/544209002082416","repostId":"2620294758","repostType":2,"repost":{"id":"2620294758","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1773882904,"share":"https://www.laohu8.com/m/news/2620294758?lang=zh_CN&edition=full","pubTime":"2026-03-19 09:15","market":"nz","language":"zh","title":"雷军官宣全球开发者热议的“神秘模型”,小米“AI路线图”逐步明晰","url":"https://stock-news.laohu8.com/highlight/detail?id=2620294758","media":"华尔街见闻","summary":"全网热议的“神秘模型”终被小米认领!小米重磅发布万亿参数大模型MiMo-V2-Pro,性能跻身全球第八且成本优势显著。高盛发布研报力挺,称小米已正式步入AI成果兑现期,稳固“物理AI领导者”地位。尽管百亿级研发或致短期利润承压,但生态落地将驱动长期价值重塑,高盛维持“买入”评级看涨至41港元。","content":"<html><head></head><body><blockquote><p>全网热议的“神秘模型”终被小米认领!小米重磅发布万亿参数大模型MiMo-V2-Pro,性能跻身全球第八且成本优势显著。高盛发布研报力挺,称小米已正式步入AI成果兑现期,稳固“物理AI领导者”地位。尽管百亿级研发或致短期利润承压,但生态落地将驱动长期价值重塑,高盛维持“买入”评级看涨至41港元。</p></blockquote><p style=\"text-align: left;\">一度被全网猜测为DeepSeek V4的“神秘模型”,最终被小米“认领”。不仅平息了开发者社区的身份谜题,也让资本市场对小米的AI投入如何落地有了更清晰的参照系。</p><p style=\"text-align: left;\">近日一款名为Hunter Alpha的AI模型在开发者平台OpenRouter匿名上线,具备逾1万亿参数规模及100万token上下文窗口,发布后总调用量迅速登顶。因参数规格与外界流传的DeepSeek V4信息高度吻合,一度引发大规模猜测,就连龙虾之父Peter Steinberger也在X上发帖询问,有没有人知道模型的具体细节。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd69d356dd66b83aa64b0ec430c787c1\" tg-width=\"606\" tg-height=\"366\"/></p><p style=\"text-align: left;\">小米以一次"官宣认领"终结了持续数日的猜测,3月19日凌晨,小米发布MiMo大模型系列“三连更”,包括旗舰基座大模型MiMo-V2-Pro,全模态Agent模型MiMo-V2-Omni,以及语音合成模型MiMo-V2-TTS。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8bbd35bf0ec8bece5538c3a7cb8c17c2\" tg-width=\"594\" tg-height=\"708\"/></p><p style=\"text-align: left;\">随后,小米创始人雷军在微博表示,小米刚发布万亿参数大模型Mimo-V2-Pro,并披露小米在AI领域"实际进展可能比大家看到的要快很多",今年AI研发与资本投入将超过160亿。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19ee1ee21e502b429caa0e6d84fc5cb3\" tg-width=\"610\" tg-height=\"595\"/></p><p style=\"text-align: left;\"><strong>对此,高盛在3月19日发布的研究报告中指出,此次三款旗舰模型的集中发布,标志着小米正从AI研发投入阶段迈向成果兑现阶段,其"物理AI领导者"的市场定位正逐步获得实质支撑。</strong>并维持对小米的"买入"评级,12个月目标价港币41元,较当前股价隐含约14%上行空间。</p><h2 id=\"id_1300115540\">小米三款模型重磅亮相</h2><p style=\"text-align: justify;\"><strong>Xiaomi MiMo-V2-Pro专为现实世界中高强度的Agent工作场景而打造</strong>。<strong>它拥有超过1T的总参数量(42B 激活参数),并支持1M超长上下文长度。</strong>在底层架构设计上,它继承了混合注意力机制,并且将混合比例从5:1大幅提升到了7:1,兼顾了超大规模与极高的推理效率。</p><p style=\"text-align: left;\">MiMo-V2-Omni定位为小米的全模态基础模型,整合了图像、视频及音频的多模态理解能力与强大的智能体能力。据高盛报告,该模型在音频理解、图像理解、视频理解及智能体能力等多项核心指标上,达到或超越Gemini 3 Pro、Claude Opus 4.6、Gemini 3及GPT-5.2的水平。</p><p style=\"text-align: left;\">MiMo-V2-TTS则面向语音智能体时代,提供高可控的多粒度风格控制、自然韵律复现及歌唱能力。高盛指出,其下一步目标包括扩展中英文以外的语言覆盖,并与MiMo-V2-Omni的多模态理解能力深度整合,使智能体能够以接近人类表达力的声音描述真实世界。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac83f5ccce93d1488b66f5b9f7b81502\" tg-width=\"1662\" tg-height=\"1080\"/></p><p style=\"text-align: left;\">三款模型已集成至WPS Office、小米手机及电脑上的miclaw智能体系统和小米浏览器。</p><h2 id=\"id_3893430346\">旗舰模型性能:全球第八,成本优势显著、专为Agent场景深度优化</h2><p style=\"text-align: left;\">MiMo-V2-Pro是此次发布的核心。该模型拥有逾1万亿总参数、420亿活跃参数及100万token上下文窗口,在全球大模型综合智能排行榜Artificial Analysis Intelligence Index上位列全球第八、中国模型第二,超越xAI Grok,仅次于Gemini 3.1 Pro Preview、GPT-5.4、GPT-5.3 Codex、Claude Opus 4.6、Claude Sonnet 4.6及GLM-5。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6de6458c3b8dceb3dd748aa90c821b0a\" tg-width=\"2560\" tg-height=\"707\"/></p><p style=\"text-align: left;\"><strong>高盛指出,成本效率是MiMo-V2-Pro的另一核心竞争力</strong>。据Artificial Analysis数据,运行该模型完成Intelligence Index测试的成本为348美元,较同榜单排名靠前的GLM-5低36%,较Claude Sonnet 4.6低90%;与Claude Opus 4.6和Claude Sonnet 4.6相比,MiMo-V2-Pro的token使用成本最高低80%。</p><p style=\"text-align: left;\">在训练效率方面,小米近期推出的ARL-Tangram系统已部署用于支持MiMo系列模型训练,该系统实现了平均动作完成时间提升4.3倍、强化学习训练速度最高提升1.5倍,以及外部资源节省最高达71%。</p><p style=\"text-align: left;\"><strong>值得一提的是,MiMo-V2-Pro 专为 Agent 场景深度优化。</strong>MiMo-V2-Pro 针对复杂多样的 Agent Scaffold 进行 SFT & RL,具备更强的工具调用与多步推理能力。在 OpenClaw 标准评测榜单 PinchBench、ClawEval 上,MiMo-V2-Pro 效果处于全球顶尖。同时,凭借 1M 的超长上下文窗口,MiMo-V2-Pro 能够从容支撑高强度的真实 Claw 复杂应用流。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1914add386b65e15063c0165bbf5e875\" tg-width=\"1137\" tg-height=\"1080\"/></p><h2 id=\"id_256265974\" style=\"text-align: left;\">AI路线图清晰化:从模型到生态的系统布局</h2><p style=\"text-align: left;\">高盛报告着重指出,此次发布并非孤立事件,而是小米加速将AI研发投入转化为实际成果的系统性推进的组成部分。</p><p style=\"text-align: left;\"><strong>在此之前,小米于今年2月发布了面向机器人推理与实时执行的视觉-语言-动作模型Xiaomi-Robotics-0,3月发布了AI智能体系统miclaw,并于3月19日同步推出搭载XLA认知模型的升级版辅助驾驶系统HAD,该模型整合了小米自研的跨具身基础模型MiMo-Embodied。</strong></p><p style=\"text-align: left;\">高盛为三款模型分别勾勒了明确的迭代方向:MiMo-V2-Pro的下一目标是攻克高复杂度推理与长周期任务规划;MiMo-V2-Omni的目标是实现跨小时乃至跨天的持续意图规划、实时流感知,以及通过机器人和手部执行动作;MiMo-V2-TTS则将向多语言扩展并深化与Omni的融合。</p><p style=\"text-align: left;\">高盛认为,凭借领先的多模态AI能力及"人车家"生态内丰富的智能体应用场景,小米具备捕获全球AI模型行业巨大市场空间的潜力,同时有望打造高溢价、差异化的消费级AI终端。</p><h2 id=\"id_428976604\" style=\"text-align: left;\">投入加码与估值逻辑:短期利润承压,长期价值重估</h2><p style=\"text-align: left;\">高盛预计,小米2026年研发支出将达400亿元人民币,高于2025年预估的322亿元,持续加码的投入将对近期利润形成拖累。财务数据显示,高盛预测小米2026年净利润(扣除特殊项目前)约为279亿元人民币,低于2025年预估的395亿元,对应2026年市盈率约27.4倍。</p><p style=\"text-align: left;\">尽管如此,高盛认为,持续的成果交付应推动市场将小米重新定价为拥有自研AI、操作系统及芯片能力的物理AI领导者,而非仅以近期市盈率衡量其价值。高盛维持买入评级,目标价港币41元,基于分类加总估值法,包括对小米核心业务采用16倍目标12个月远期EV/NOPAT,对小米电动车业务采用DCF估值(450亿美元),并施加10%控股折价。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>雷军官宣全球开发者热议的“神秘模型”,小米“AI路线图”逐步明晰</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n雷军官宣全球开发者热议的“神秘模型”,小米“AI路线图”逐步明晰\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-03-19 09:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>全网热议的“神秘模型”终被小米认领!小米重磅发布万亿参数大模型MiMo-V2-Pro,性能跻身全球第八且成本优势显著。高盛发布研报力挺,称小米已正式步入AI成果兑现期,稳固“物理AI领导者”地位。尽管百亿级研发或致短期利润承压,但生态落地将驱动长期价值重塑,高盛维持“买入”评级看涨至41港元。</p></blockquote><p style=\"text-align: left;\">一度被全网猜测为DeepSeek V4的“神秘模型”,最终被小米“认领”。不仅平息了开发者社区的身份谜题,也让资本市场对小米的AI投入如何落地有了更清晰的参照系。</p><p style=\"text-align: left;\">近日一款名为Hunter Alpha的AI模型在开发者平台OpenRouter匿名上线,具备逾1万亿参数规模及100万token上下文窗口,发布后总调用量迅速登顶。因参数规格与外界流传的DeepSeek V4信息高度吻合,一度引发大规模猜测,就连龙虾之父Peter Steinberger也在X上发帖询问,有没有人知道模型的具体细节。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd69d356dd66b83aa64b0ec430c787c1\" tg-width=\"606\" tg-height=\"366\"/></p><p style=\"text-align: left;\">小米以一次"官宣认领"终结了持续数日的猜测,3月19日凌晨,小米发布MiMo大模型系列“三连更”,包括旗舰基座大模型MiMo-V2-Pro,全模态Agent模型MiMo-V2-Omni,以及语音合成模型MiMo-V2-TTS。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8bbd35bf0ec8bece5538c3a7cb8c17c2\" tg-width=\"594\" tg-height=\"708\"/></p><p style=\"text-align: left;\">随后,小米创始人雷军在微博表示,小米刚发布万亿参数大模型Mimo-V2-Pro,并披露小米在AI领域"实际进展可能比大家看到的要快很多",今年AI研发与资本投入将超过160亿。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19ee1ee21e502b429caa0e6d84fc5cb3\" tg-width=\"610\" tg-height=\"595\"/></p><p style=\"text-align: left;\"><strong>对此,高盛在3月19日发布的研究报告中指出,此次三款旗舰模型的集中发布,标志着小米正从AI研发投入阶段迈向成果兑现阶段,其"物理AI领导者"的市场定位正逐步获得实质支撑。</strong>并维持对小米的"买入"评级,12个月目标价港币41元,较当前股价隐含约14%上行空间。</p><h2 id=\"id_1300115540\">小米三款模型重磅亮相</h2><p style=\"text-align: justify;\"><strong>Xiaomi MiMo-V2-Pro专为现实世界中高强度的Agent工作场景而打造</strong>。<strong>它拥有超过1T的总参数量(42B 激活参数),并支持1M超长上下文长度。</strong>在底层架构设计上,它继承了混合注意力机制,并且将混合比例从5:1大幅提升到了7:1,兼顾了超大规模与极高的推理效率。</p><p style=\"text-align: left;\">MiMo-V2-Omni定位为小米的全模态基础模型,整合了图像、视频及音频的多模态理解能力与强大的智能体能力。据高盛报告,该模型在音频理解、图像理解、视频理解及智能体能力等多项核心指标上,达到或超越Gemini 3 Pro、Claude Opus 4.6、Gemini 3及GPT-5.2的水平。</p><p style=\"text-align: left;\">MiMo-V2-TTS则面向语音智能体时代,提供高可控的多粒度风格控制、自然韵律复现及歌唱能力。高盛指出,其下一步目标包括扩展中英文以外的语言覆盖,并与MiMo-V2-Omni的多模态理解能力深度整合,使智能体能够以接近人类表达力的声音描述真实世界。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac83f5ccce93d1488b66f5b9f7b81502\" tg-width=\"1662\" tg-height=\"1080\"/></p><p style=\"text-align: left;\">三款模型已集成至WPS Office、小米手机及电脑上的miclaw智能体系统和小米浏览器。</p><h2 id=\"id_3893430346\">旗舰模型性能:全球第八,成本优势显著、专为Agent场景深度优化</h2><p style=\"text-align: left;\">MiMo-V2-Pro是此次发布的核心。该模型拥有逾1万亿总参数、420亿活跃参数及100万token上下文窗口,在全球大模型综合智能排行榜Artificial Analysis Intelligence Index上位列全球第八、中国模型第二,超越xAI Grok,仅次于Gemini 3.1 Pro Preview、GPT-5.4、GPT-5.3 Codex、Claude Opus 4.6、Claude Sonnet 4.6及GLM-5。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6de6458c3b8dceb3dd748aa90c821b0a\" tg-width=\"2560\" tg-height=\"707\"/></p><p style=\"text-align: left;\"><strong>高盛指出,成本效率是MiMo-V2-Pro的另一核心竞争力</strong>。据Artificial Analysis数据,运行该模型完成Intelligence Index测试的成本为348美元,较同榜单排名靠前的GLM-5低36%,较Claude Sonnet 4.6低90%;与Claude Opus 4.6和Claude Sonnet 4.6相比,MiMo-V2-Pro的token使用成本最高低80%。</p><p style=\"text-align: left;\">在训练效率方面,小米近期推出的ARL-Tangram系统已部署用于支持MiMo系列模型训练,该系统实现了平均动作完成时间提升4.3倍、强化学习训练速度最高提升1.5倍,以及外部资源节省最高达71%。</p><p style=\"text-align: left;\"><strong>值得一提的是,MiMo-V2-Pro 专为 Agent 场景深度优化。</strong>MiMo-V2-Pro 针对复杂多样的 Agent Scaffold 进行 SFT & RL,具备更强的工具调用与多步推理能力。在 OpenClaw 标准评测榜单 PinchBench、ClawEval 上,MiMo-V2-Pro 效果处于全球顶尖。同时,凭借 1M 的超长上下文窗口,MiMo-V2-Pro 能够从容支撑高强度的真实 Claw 复杂应用流。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1914add386b65e15063c0165bbf5e875\" tg-width=\"1137\" tg-height=\"1080\"/></p><h2 id=\"id_256265974\" style=\"text-align: left;\">AI路线图清晰化:从模型到生态的系统布局</h2><p style=\"text-align: left;\">高盛报告着重指出,此次发布并非孤立事件,而是小米加速将AI研发投入转化为实际成果的系统性推进的组成部分。</p><p style=\"text-align: left;\"><strong>在此之前,小米于今年2月发布了面向机器人推理与实时执行的视觉-语言-动作模型Xiaomi-Robotics-0,3月发布了AI智能体系统miclaw,并于3月19日同步推出搭载XLA认知模型的升级版辅助驾驶系统HAD,该模型整合了小米自研的跨具身基础模型MiMo-Embodied。</strong></p><p style=\"text-align: left;\">高盛为三款模型分别勾勒了明确的迭代方向:MiMo-V2-Pro的下一目标是攻克高复杂度推理与长周期任务规划;MiMo-V2-Omni的目标是实现跨小时乃至跨天的持续意图规划、实时流感知,以及通过机器人和手部执行动作;MiMo-V2-TTS则将向多语言扩展并深化与Omni的融合。</p><p style=\"text-align: left;\">高盛认为,凭借领先的多模态AI能力及"人车家"生态内丰富的智能体应用场景,小米具备捕获全球AI模型行业巨大市场空间的潜力,同时有望打造高溢价、差异化的消费级AI终端。</p><h2 id=\"id_428976604\" style=\"text-align: left;\">投入加码与估值逻辑:短期利润承压,长期价值重估</h2><p style=\"text-align: left;\">高盛预计,小米2026年研发支出将达400亿元人民币,高于2025年预估的322亿元,持续加码的投入将对近期利润形成拖累。财务数据显示,高盛预测小米2026年净利润(扣除特殊项目前)约为279亿元人民币,低于2025年预估的395亿元,对应2026年市盈率约27.4倍。</p><p style=\"text-align: left;\">尽管如此,高盛认为,持续的成果交付应推动市场将小米重新定价为拥有自研AI、操作系统及芯片能力的物理AI领导者,而非仅以近期市盈率衡量其价值。高盛维持买入评级,目标价港币41元,基于分类加总估值法,包括对小米核心业务采用16倍目标12个月远期EV/NOPAT,对小米电动车业务采用DCF估值(450亿美元),并施加10%控股折价。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/aea2b9ab8a046974039715aed46d9985","relate_stocks":{"81810":"小米集团-WR","BK4607":"DeepSeek概念股","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","HXXD.SI":"Xiaomi 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ACC"},"source_url":"https://wallstreetcn.com/articles/3767880","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2620294758","content_text":"全网热议的“神秘模型”终被小米认领!小米重磅发布万亿参数大模型MiMo-V2-Pro,性能跻身全球第八且成本优势显著。高盛发布研报力挺,称小米已正式步入AI成果兑现期,稳固“物理AI领导者”地位。尽管百亿级研发或致短期利润承压,但生态落地将驱动长期价值重塑,高盛维持“买入”评级看涨至41港元。一度被全网猜测为DeepSeek V4的“神秘模型”,最终被小米“认领”。不仅平息了开发者社区的身份谜题,也让资本市场对小米的AI投入如何落地有了更清晰的参照系。近日一款名为Hunter Alpha的AI模型在开发者平台OpenRouter匿名上线,具备逾1万亿参数规模及100万token上下文窗口,发布后总调用量迅速登顶。因参数规格与外界流传的DeepSeek V4信息高度吻合,一度引发大规模猜测,就连龙虾之父Peter Steinberger也在X上发帖询问,有没有人知道模型的具体细节。小米以一次\"官宣认领\"终结了持续数日的猜测,3月19日凌晨,小米发布MiMo大模型系列“三连更”,包括旗舰基座大模型MiMo-V2-Pro,全模态Agent模型MiMo-V2-Omni,以及语音合成模型MiMo-V2-TTS。随后,小米创始人雷军在微博表示,小米刚发布万亿参数大模型Mimo-V2-Pro,并披露小米在AI领域\"实际进展可能比大家看到的要快很多\",今年AI研发与资本投入将超过160亿。对此,高盛在3月19日发布的研究报告中指出,此次三款旗舰模型的集中发布,标志着小米正从AI研发投入阶段迈向成果兑现阶段,其\"物理AI领导者\"的市场定位正逐步获得实质支撑。并维持对小米的\"买入\"评级,12个月目标价港币41元,较当前股价隐含约14%上行空间。小米三款模型重磅亮相Xiaomi MiMo-V2-Pro专为现实世界中高强度的Agent工作场景而打造。它拥有超过1T的总参数量(42B 激活参数),并支持1M超长上下文长度。在底层架构设计上,它继承了混合注意力机制,并且将混合比例从5:1大幅提升到了7:1,兼顾了超大规模与极高的推理效率。MiMo-V2-Omni定位为小米的全模态基础模型,整合了图像、视频及音频的多模态理解能力与强大的智能体能力。据高盛报告,该模型在音频理解、图像理解、视频理解及智能体能力等多项核心指标上,达到或超越Gemini 3 Pro、Claude Opus 4.6、Gemini 3及GPT-5.2的水平。MiMo-V2-TTS则面向语音智能体时代,提供高可控的多粒度风格控制、自然韵律复现及歌唱能力。高盛指出,其下一步目标包括扩展中英文以外的语言覆盖,并与MiMo-V2-Omni的多模态理解能力深度整合,使智能体能够以接近人类表达力的声音描述真实世界。三款模型已集成至WPS Office、小米手机及电脑上的miclaw智能体系统和小米浏览器。旗舰模型性能:全球第八,成本优势显著、专为Agent场景深度优化MiMo-V2-Pro是此次发布的核心。该模型拥有逾1万亿总参数、420亿活跃参数及100万token上下文窗口,在全球大模型综合智能排行榜Artificial Analysis Intelligence Index上位列全球第八、中国模型第二,超越xAI Grok,仅次于Gemini 3.1 Pro Preview、GPT-5.4、GPT-5.3 Codex、Claude Opus 4.6、Claude Sonnet 4.6及GLM-5。高盛指出,成本效率是MiMo-V2-Pro的另一核心竞争力。据Artificial Analysis数据,运行该模型完成Intelligence Index测试的成本为348美元,较同榜单排名靠前的GLM-5低36%,较Claude Sonnet 4.6低90%;与Claude Opus 4.6和Claude Sonnet 4.6相比,MiMo-V2-Pro的token使用成本最高低80%。在训练效率方面,小米近期推出的ARL-Tangram系统已部署用于支持MiMo系列模型训练,该系统实现了平均动作完成时间提升4.3倍、强化学习训练速度最高提升1.5倍,以及外部资源节省最高达71%。值得一提的是,MiMo-V2-Pro 专为 Agent 场景深度优化。MiMo-V2-Pro 针对复杂多样的 Agent Scaffold 进行 SFT & RL,具备更强的工具调用与多步推理能力。在 OpenClaw 标准评测榜单 PinchBench、ClawEval 上,MiMo-V2-Pro 效果处于全球顶尖。同时,凭借 1M 的超长上下文窗口,MiMo-V2-Pro 能够从容支撑高强度的真实 Claw 复杂应用流。AI路线图清晰化:从模型到生态的系统布局高盛报告着重指出,此次发布并非孤立事件,而是小米加速将AI研发投入转化为实际成果的系统性推进的组成部分。在此之前,小米于今年2月发布了面向机器人推理与实时执行的视觉-语言-动作模型Xiaomi-Robotics-0,3月发布了AI智能体系统miclaw,并于3月19日同步推出搭载XLA认知模型的升级版辅助驾驶系统HAD,该模型整合了小米自研的跨具身基础模型MiMo-Embodied。高盛为三款模型分别勾勒了明确的迭代方向:MiMo-V2-Pro的下一目标是攻克高复杂度推理与长周期任务规划;MiMo-V2-Omni的目标是实现跨小时乃至跨天的持续意图规划、实时流感知,以及通过机器人和手部执行动作;MiMo-V2-TTS则将向多语言扩展并深化与Omni的融合。高盛认为,凭借领先的多模态AI能力及\"人车家\"生态内丰富的智能体应用场景,小米具备捕获全球AI模型行业巨大市场空间的潜力,同时有望打造高溢价、差异化的消费级AI终端。投入加码与估值逻辑:短期利润承压,长期价值重估高盛预计,小米2026年研发支出将达400亿元人民币,高于2025年预估的322亿元,持续加码的投入将对近期利润形成拖累。财务数据显示,高盛预测小米2026年净利润(扣除特殊项目前)约为279亿元人民币,低于2025年预估的395亿元,对应2026年市盈率约27.4倍。尽管如此,高盛认为,持续的成果交付应推动市场将小米重新定价为拥有自研AI、操作系统及芯片能力的物理AI领导者,而非仅以近期市盈率衡量其价值。高盛维持买入评级,目标价港币41元,基于分类加总估值法,包括对小米核心业务采用16倍目标12个月远期EV/NOPAT,对小米电动车业务采用DCF估值(450亿美元),并施加10%控股折价。","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"XIACY":1.98,"01810":1.98}},"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":544192581264216,"gmtCreate":1773885081729,"gmtModify":1773885083979,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"好样的,对空头动真格了","listText":"好样的,对空头动真格了","text":"好样的,对空头动真格了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/544192581264216","repostId":"2620232718","repostType":2,"repost":{"id":"2620232718","kind":"news","pubTimestamp":1773831025,"share":"https://www.laohu8.com/m/news/2620232718?lang=zh_CN&edition=full","pubTime":"2026-03-18 18:50","market":"us","language":"zh","title":"小米集团-W(01810)3月18日斥资9999.97万港元回购285.04万股","url":"https://stock-news.laohu8.com/highlight/detail?id=2620232718","media":"智通财经","summary":"智通财经APP讯,小米集团-W(01810)发布公告,于2026年3月18日该公司斥资9999.97万港元回购285.04万股,回购价格为每股34.98-35.18港元。","content":"<html><body><p>智通财经APP讯,<a href=\"https://laohu8.com/S/01810\">小米集团-W</a>(01810)发布公告,于2026年3月18日该公司斥资9999.97万港元回购285.04万股,回购价格为每股34.98-35.18港元。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米集团-W(01810)3月18日斥资9999.97万港元回购285.04万股</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米集团-W(01810)3月18日斥资9999.97万港元回购285.04万股\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-18 18:50 北京时间 <a href=http://www.zhitongcaijing.com/content/detail/1415511.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP讯,小米集团-W(01810)发布公告,于2026年3月18日该公司斥资9999.97万港元回购285.04万股,回购价格为每股34.98-35.18港元。</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1415511.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" ACC","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","HXXD.SI":"Xiaomi HK SDR 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19:07","market":"us","language":"zh","title":"收起 @快乐男孩袁先生 : 买手机的一个小插曲 前阵子换手机,去小米之家选手机,选手机时把旁边插在桌子上的另外一部手机...","url":"https://stock-news.laohu8.com/highlight/detail?id=2620374172","media":"段永平今天交易了什么","summary":"收起\n@快乐男孩袁先生\n:\n买手机的一个小插曲\n前阵子换手机,去小米之家选手机,选手机时把旁边插在桌子上的另外一部手机碰倒了,发了警报声,那个店长过来脸色不好就倒了我一顿霉(当然,可以理解为他添了麻烦)\n然后我扭头就去隔壁的OPPO买了部手机,体验舒服,没有被过度推荐和打扰,最近看了大道的投资问答录,我想这是不是就是企业文化在OPPO内部落实的要求非常严格。@大道无形我有型\n03-08 11:36 · 转发 10 · 讨论 261 · 赞","content":"<html><body><p><img src=\"https://static.tigerbbs.com/7ce958ca797939ebd003cf535cf19d10\"/></p>\n<p>收起</p>\n<p>@快乐男孩袁先生</p>\n<p>:</p>\n<p>买手机的一个小插曲</p>\n<p>前阵子换手机,去<a href=\"https://laohu8.com/S/XIACY\">小米</a>之家选手机,选手机时把旁边插在桌子上的另外一部手机碰倒了,发了警报声,那个店长过来脸色不好就倒了我一顿霉(当然,可以理解为他添了麻烦)</p>\n<p>然后我扭头就去隔壁的OPPO买了部手机,体验舒服,没有被过度推荐和打扰,最近看了大道的投资问答录,我想这是不是就是企业文化在OPPO内部落实的要求非常严格。@大道无形我有型</p>\n<p>03-08 11:36 · 转发 10 · 讨论 261 · 赞</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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href=\"https://laohu8.com/wemedia/1003763968\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8f5e7cba3670a5e793ae6a90ab6660f8);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">段永平今天交易了什么 </p>\n<p class=\"h-time\">2026-03-18 19:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><img src=\"https://static.tigerbbs.com/7ce958ca797939ebd003cf535cf19d10\"/></p>\n<p>收起</p>\n<p>@快乐男孩袁先生</p>\n<p>:</p>\n<p>买手机的一个小插曲</p>\n<p>前阵子换手机,去<a href=\"https://laohu8.com/S/XIACY\">小米</a>之家选手机,选手机时把旁边插在桌子上的另外一部手机碰倒了,发了警报声,那个店长过来脸色不好就倒了我一顿霉(当然,可以理解为他添了麻烦)</p>\n<p>然后我扭头就去隔壁的OPPO买了部手机,体验舒服,没有被过度推荐和打扰,最近看了大道的投资问答录,我想这是不是就是企业文化在OPPO内部落实的要求非常严格。@大道无形我有型</p>\n<p>03-08 11:36 · 转发 10 · 讨论 261 · 赞</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" 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INC"},"source_url":"https://xueqiu.com/1247347556/378483912","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2620374172","content_text":"收起\n@快乐男孩袁先生\n:\n买手机的一个小插曲\n前阵子换手机,去小米之家选手机,选手机时把旁边插在桌子上的另外一部手机碰倒了,发了警报声,那个店长过来脸色不好就倒了我一顿霉(当然,可以理解为他添了麻烦)\n然后我扭头就去隔壁的OPPO买了部手机,体验舒服,没有被过度推荐和打扰,最近看了大道的投资问答录,我想这是不是就是企业文化在OPPO内部落实的要求非常严格。@大道无形我有型\n03-08 11:36 · 转发 10 · 讨论 261 · 赞","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"01810":1.87,"XIACY":1.87,"MIUmain":0.6}},"isVote":1,"tweetType":1,"viewCount":526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":541049620517800,"gmtCreate":1773110259260,"gmtModify":1773110261949,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"泼妇一个,得追究","listText":"泼妇一个,得追究","text":"泼妇一个,得追究","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/541049620517800","repostId":"2618609074","repostType":2,"repost":{"id":"2618609074","kind":"news","pubTimestamp":1773106140,"share":"https://www.laohu8.com/m/news/2618609074?lang=zh_CN&edition=full","pubTime":"2026-03-10 09:29","market":"fut","language":"zh","title":"宝马门店销售疑似贬低小米汽车,潘九堂回应:宝马是伟大的车企,很多亲朋都是车主","url":"https://stock-news.laohu8.com/highlight/detail?id=2618609074","media":"5D调查","summary":"近日,有博主爆料一宝马门店销售在直播中疑似贬低小米汽车、侮辱小米车主。 3月10日早间,对此,小米产业投资部合伙人潘九堂转发该微博表示,宝马是伟大的车企,很多亲朋都是车主;智者开放/持续学习新事物,其实小米汽车上市后,大部分欧洲/日韩顶尖车企/主流豪华品牌的高层都组团来交流过,部分还表达了合作意向;欢迎大家多试驾/多对比,车好不好,开一开、问问真实车主,最有说服力。","content":"<html><body><div>\n<p> 近日,有博主爆料一宝马门店销售在直播中疑似贬低<a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车、侮辱<a href=\"https://laohu8.com/S/01810\">小米</a>车主。</p>\n<p> 博主发布的视频中显示,该宝马门店销售称“宝马汽车质量好,比‘大米汽车’好多了,那个是杂粮品牌”。</p>\n<p> 此外,5D调查注意到,根据博主提供的截图显示,该销售疑似为宝诚中环上海宝马5S店员工。</p>\n<p> 3月10日早间,对此,<a href=\"https://laohu8.com/S/81810\">小米</a>产业投资部合伙人潘九堂转发该微博表示,宝马是伟大的车企,很多亲朋都是车主;智者开放/持续学习新事物,其实小米汽车上市后,大部分欧洲/日韩顶尖车企/主流<a href=\"https://laohu8.com/S/DLX\">豪华</a>品牌的高层都组团来交流过,部分还表达了合作意向;欢迎大家多试驾/多对比,车好不好,开一开、问问真实车主,最有说服力。</p>\n<div><img src=\"http://n.sinaimg.cn/finance/transform/410/w550h660/20260310/e588-7c3be2adf55208619f8ee93625fb6478.png\"/><span></span></div>\n<div><img src=\"http://n.sinaimg.cn/finance/transform/146/w550h1196/20260310/f15e-c5645dd50409ae5fe2ddff2af0b166da.jpg\"/><span></span></div>\n<div><img src=\"http://n.sinaimg.cn/front20260310ac/63/w690h2573/20260310/3f2e-a31fc340d5e36af12458dabb19db2fdd.jpg\"/><span></span></div>\n<div><img src=\"http://n.sinaimg.cn/finance/transform/521/w477h844/20260310/f884-dade3de92713978efc45489341ac738c.png\"/><span></span></div>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读,尽在新浪财经APP</div>\n</div>\n<p>责任编辑:李思阳 </p>\n</div></body></html>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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此外,5D调查注意到,根据博主提供的截图显示,该销售疑似为宝诚中环上海宝马5S店员工。\n 3月10日早间,对此,小米产业投资部合伙人潘九堂转发该微博表示,宝马是伟大的车企,很多亲朋都是车主;智者开放/持续学习新事物,其实...</p>\n\n<a href=\"https://finance.sina.com.cn/chanjing/wddc/2026-03-10/doc-inhqneyw3441015.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) 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FACTOR EQUITY \"A\" (USD) ACC","BK1193":"电脑硬件、储存设备及电脑周边","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0051755006.USD":"摩根大通中国A (dist)"},"source_url":"https://finance.sina.com.cn/chanjing/wddc/2026-03-10/doc-inhqneyw3441015.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2618609074","content_text":"近日,有博主爆料一宝马门店销售在直播中疑似贬低小米汽车、侮辱小米车主。\n 博主发布的视频中显示,该宝马门店销售称“宝马汽车质量好,比‘大米汽车’好多了,那个是杂粮品牌”。\n 此外,5D调查注意到,根据博主提供的截图显示,该销售疑似为宝诚中环上海宝马5S店员工。\n 3月10日早间,对此,小米产业投资部合伙人潘九堂转发该微博表示,宝马是伟大的车企,很多亲朋都是车主;智者开放/持续学习新事物,其实小米汽车上市后,大部分欧洲/日韩顶尖车企/主流豪华品牌的高层都组团来交流过,部分还表达了合作意向;欢迎大家多试驾/多对比,车好不好,开一开、问问真实车主,最有说服力。\n\n\n\n\n\n\n海量资讯、精准解读,尽在新浪财经APP\n\n责任编辑:李思阳","news_type":1,"symbols_score_info":{"81810":0.6,"XIACY":1.93,"01810":1.93,"BMWYY":1.91,"HXXD.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":540711894209272,"gmtCreate":1773047857192,"gmtModify":1773047859565,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"你谁呀,只有你信不过,也无需取信于你","listText":"你谁呀,只有你信不过,也无需取信于你","text":"你谁呀,只有你信不过,也无需取信于你","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/540711894209272","repostId":"2617666886","repostType":2,"repost":{"id":"2617666886","kind":"news","pubTimestamp":1772924589,"share":"https://www.laohu8.com/m/news/2617666886?lang=zh_CN&edition=full","pubTime":"2026-03-08 07:03","market":"hk","language":"zh","title":"小米,还信不信得过?","url":"https://stock-news.laohu8.com/highlight/detail?id=2617666886","media":"科技 always online","summary":"十五年时间,小米长成了巨兽。得看你是问哪个阶段的小米。一碗小米粥创业,用1999元的价格把智能手机拉到百姓家。造车,把小米的信任地基震松了。去年召回11.69万辆,占当时交付量近一半。当年挑战巨头的小米,如今自己成了巨头。小米需要一场彻底的“制造业转型”。小米要做的,不是让人们忘记裂痕,而是用下一款产品、下一次回应,证明镜子里照出来的,依然是一张值得托付的脸。","content":"<html><body><article><p>十五年时间,小米<a href=\"https://laohu8.com/S/BFI.SI\">长成</a>了巨兽。万亿市值,世界500强,SU7一年交付25万辆。但去年那场高速起火致3人死亡的事故,把一切光鲜表面烧穿了。</p><p>这问题,已经没法用简单的是非来答了。得看你是问哪个阶段的小米。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20260308071520903v201xcti764798e\"/><p><strong>一、那些攒下信任的时刻</strong></p><p>早期的雷军,是真能让人信服的。</p><p>一碗<a href=\"https://laohu8.com/S/XIACY\">小米</a>粥创业,用1999元的价格把智能手机拉到百姓家。这不是商业策略,是一种价值宣言:科技不该是奢侈品。雷军本人更是最好的代言——穿凡客T恤,吃公司食堂,活成“<a href=\"https://laohu8.com/S/000931\">中关村</a>劳模”。他带着团队在论坛和百万“米粉”一起抠MIUI的细节,让用户觉得“这公司是我们一起养大的”。</p><p>信任就是这么攒起来的:用极致的性价比,用近乎笨拙的真诚,用“我们和你一样”的共鸣。</p><p><strong>二、裂痕是怎么出现的?</strong></p><p>造车,把<a href=\"https://laohu8.com/S/01810\">小米</a>的信任地基震松了。</p><p>最致命的是安全。去年召回11.69万辆,占当时交付量近一半。官方解释总是很“技术”——“碰撞风险”、“系统故障”。但人命关天的事,这种冷静到近乎冰冷的回应,让人脊背发凉。</p><p>营销的套路也越来越深。续航数据永远在<a href=\"https://laohu8.com/S/LI\">理想</a>工况下,“1300公里只充一次电”这种话术,剥离了特定条件,就成了文字游戏。4.2万的碳纤维前盖被质疑是“装饰件”,宣传时“世界最快”,OTA后功率直接腰斩。</p><p>当用户开始逐字逐句研究你的宣传语,寻找里面埋的坑时,信任就已经破产了。</p><p><strong>三、矛盾在骨头里</strong></p><p><a href=\"https://laohu8.com/S/81810\">小米</a>的困局,是两种DNA的冲突。</p><p>互联网的“快”基因,撞上了造车的“慢”法则。三年造出SU7,是供应链整合的奇迹,但安全需要时间沉淀。70%以上核心件靠外采,自己更像是“超级组装厂”。可车和手机不一样,手机死机重启就行,车出事是要命的。</p><p>更麻烦的是身份转变。当年挑战巨头的小米,如今自己成了巨头。可雷军的沟通话术还带着“受害者”姿态,公众不再买账了——“你都万亿市值了,还跟我们装什么委屈?”</p><p>性价比曾是屠龙刀,现在成了自己的枷锁。想冲高端,定价上了30万,但核心技术护城河没跟上。消费者心里有杆秤:你的“高端”,到底值不值这个溢价?</p><p><strong>四、还能回头吗?</strong></p><p>最讽刺的是,就在一片骂声中,有SU7车主出严重车祸,车废了,人没事,转头又下单一辆一模一样的。他说:“任何广告,都不如这句‘我再买一辆’有说服力。”</p><p>这或许指出了唯一的路:用产品,一寸一寸把信任挣回来。</p><p>雷军最近承认“被打懵了”,说要“十倍投入安全”。态度是对的,但公众要的不是表态,是结果。</p><p>小米需要一场彻底的“制造业转型”。忘掉流量玩法,回到最笨的路径:死磕品控,透明沟通,把售后体系扎扎实实建起来。在安全问题上,没有“性价比”可谈,只有“必须做到”。</p><p>值不值得信赖?现在下结论还早。</p><p>但可以确定的是,信任就像一面镜子,碎了就是碎了。即使用最好的胶水粘起来,裂痕也永远在那里。小米要做的,不是让人们忘记裂痕,而是用下一款产品、下一次回应,证明镜子里照出来的,依然是一张值得托付的脸。</p><p>真正的考验才刚刚开始。因为重建信任,比建立信任,要难十倍。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米,还信不信得过?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-08 07:03 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260308071522a6ade2ef&s=b><strong>科技 always online</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>十五年时间,小米长成了巨兽。万亿市值,世界500强,SU7一年交付25万辆。但去年那场高速起火致3人死亡的事故,把一切光鲜表面烧穿了。这问题,已经没法用简单的是非来答了。得看你是问哪个阶段的小米。一、那些攒下信任的时刻早期的雷军,是真能让人信服的。一碗小米粥创业,用1999元的价格把智能手机拉到百姓家。这不是商业策略,是一种价值宣言:科技不该是奢侈品。雷军本人更是最好的代言——穿凡客T恤,吃公司...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260308071522a6ade2ef&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","BK1506":"5G概念","HK0000165453.HKD":"华夏精选大中华科技基金 A类港币","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0605514214.HKD":"FIDELITY CHINA 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(LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260308071522a6ade2ef&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2617666886","content_text":"十五年时间,小米长成了巨兽。万亿市值,世界500强,SU7一年交付25万辆。但去年那场高速起火致3人死亡的事故,把一切光鲜表面烧穿了。这问题,已经没法用简单的是非来答了。得看你是问哪个阶段的小米。一、那些攒下信任的时刻早期的雷军,是真能让人信服的。一碗小米粥创业,用1999元的价格把智能手机拉到百姓家。这不是商业策略,是一种价值宣言:科技不该是奢侈品。雷军本人更是最好的代言——穿凡客T恤,吃公司食堂,活成“中关村劳模”。他带着团队在论坛和百万“米粉”一起抠MIUI的细节,让用户觉得“这公司是我们一起养大的”。信任就是这么攒起来的:用极致的性价比,用近乎笨拙的真诚,用“我们和你一样”的共鸣。二、裂痕是怎么出现的?造车,把小米的信任地基震松了。最致命的是安全。去年召回11.69万辆,占当时交付量近一半。官方解释总是很“技术”——“碰撞风险”、“系统故障”。但人命关天的事,这种冷静到近乎冰冷的回应,让人脊背发凉。营销的套路也越来越深。续航数据永远在理想工况下,“1300公里只充一次电”这种话术,剥离了特定条件,就成了文字游戏。4.2万的碳纤维前盖被质疑是“装饰件”,宣传时“世界最快”,OTA后功率直接腰斩。当用户开始逐字逐句研究你的宣传语,寻找里面埋的坑时,信任就已经破产了。三、矛盾在骨头里小米的困局,是两种DNA的冲突。互联网的“快”基因,撞上了造车的“慢”法则。三年造出SU7,是供应链整合的奇迹,但安全需要时间沉淀。70%以上核心件靠外采,自己更像是“超级组装厂”。可车和手机不一样,手机死机重启就行,车出事是要命的。更麻烦的是身份转变。当年挑战巨头的小米,如今自己成了巨头。可雷军的沟通话术还带着“受害者”姿态,公众不再买账了——“你都万亿市值了,还跟我们装什么委屈?”性价比曾是屠龙刀,现在成了自己的枷锁。想冲高端,定价上了30万,但核心技术护城河没跟上。消费者心里有杆秤:你的“高端”,到底值不值这个溢价?四、还能回头吗?最讽刺的是,就在一片骂声中,有SU7车主出严重车祸,车废了,人没事,转头又下单一辆一模一样的。他说:“任何广告,都不如这句‘我再买一辆’有说服力。”这或许指出了唯一的路:用产品,一寸一寸把信任挣回来。雷军最近承认“被打懵了”,说要“十倍投入安全”。态度是对的,但公众要的不是表态,是结果。小米需要一场彻底的“制造业转型”。忘掉流量玩法,回到最笨的路径:死磕品控,透明沟通,把售后体系扎扎实实建起来。在安全问题上,没有“性价比”可谈,只有“必须做到”。值不值得信赖?现在下结论还早。但可以确定的是,信任就像一面镜子,碎了就是碎了。即使用最好的胶水粘起来,裂痕也永远在那里。小米要做的,不是让人们忘记裂痕,而是用下一款产品、下一次回应,证明镜子里照出来的,依然是一张值得托付的脸。真正的考验才刚刚开始。因为重建信任,比建立信任,要难十倍。","news_type":1,"symbols_score_info":{"81810":0.6,"01810":1.96,"HXXD.SI":0.6,"MIUmain":0.6,"XIACY":1.96}},"isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":537177200817496,"gmtCreate":1772167775355,"gmtModify":1772167777959,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"海狗系自媒体","listText":"海狗系自媒体","text":"海狗系自媒体","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/537177200817496","repostId":"2614073524","repostType":2,"repost":{"id":"2614073524","kind":"news","pubTimestamp":1772133995,"share":"https://www.laohu8.com/m/news/2614073524?lang=zh_CN&edition=full","pubTime":"2026-02-27 03:26","market":"hk","language":"zh","title":"小米起诉自媒体获赔500万,网络不是法外之地 造谣账号该醒醒了","url":"https://stock-news.laohu8.com/highlight/detail?id=2614073524","media":"ITBEAR科技资讯","summary":"近日,一则关于小米与自媒体账号AutoReport汽车产经的诉讼案件引发广泛关注。法院一审判决小米胜诉,该自媒体需赔偿500万元,并删除所有侵权内容、公开道歉。案件审理过程中,小米法务部提交了充分证据,证明该自媒体存在系统性抹黑行为。法院最终支持了小米的诉求,判决赔偿金额高达500万元,创下同类案件新高。某豪华品牌近日也胜诉一起自媒体诽谤案,获赔30万元。","content":"<html><body><article><p>近日,一则关于<a href=\"https://laohu8.com/S/XIACY\">小米</a>与自媒体账号AutoReport汽车产经的诉讼案件引发广泛关注。法院一审判决<a href=\"https://laohu8.com/S/01810\">小米</a>胜诉,该自媒体需赔偿500万元,并删除所有侵权内容、公开道歉。这一结果不仅为<a href=\"https://laohu8.com/S/81810\">小米</a>挽回名誉损失,也为行业敲响警钟。</p><p>据了解,涉事自媒体长期在多个网络平台发布针对小米的负面内容,其中不乏未经核实的虚假信息。例如,将其他品牌的问题张冠李戴到小米身上,或使用明显贬损性语言进行恶意攻击。这些行为严重损害了小米的品牌形象,误导消费者决策,最终被法院认定为侵犯名誉权。</p><p>案件审理过程中,小米法务部提交了充分证据,证明该自媒体存在系统性抹黑行为。法院最终支持了小米的诉求,判决赔偿金额高达500万元,创下同类案件新高。这一数额不仅体现了侵权行为的严重性,也彰显了法律对企业名誉权的保护力度。</p><p>值得注意的是,案件判决后出现不实传言,有网友声称涉事账号与<a href=\"https://laohu8.com/S/NIO\">蔚来</a>创始人李斌有关。经核实,该账号运营主体为<a href=\"https://laohu8.com/S/BITA\">易车</a>旗下公司,而李斌已于2020年出售全部易车股份,与当前运营方无任何关联。此次谣言传播再次暴露了网络信息核实的重要性。</p><p>近年来,汽车行业自媒体乱象频发。部分账号为追求流量,不惜编造虚假信息、恶意拉踩竞争对手。央视此前报道显示,某些汽车博主单条视频报价高达数万元,为获取商业利益甚至主动制造负面新闻。这种行为不仅扰乱市场秩序,也损害了消费者权益。</p><p>小米法务部负责人表示,公司已对数百个账号取证,并发起数十起诉讼,重点打击AI生成黑稿、水军及恶意竞争行为。此前多起案件赔偿金额从数万到数十万不等,此次500万元判决具有标志性意义,向行业传递了明确信号:网络空间不是法外之地。</p><p>法律专家指出,自媒体享有言论自由,但必须以事实为依据。正常批评与恶意抹黑的界限在于是否客观真实。企业欢迎建设性意见,但绝不会容忍编造谎言、人身攻击等违法行为。此次判决为类似案件提供了重要参考,有助于规范网络言论秩序。</p><p>事实上,不止小米,多家企业近期都通过法律手段维护自身权益。某<a href=\"https://laohu8.com/S/DLX\">豪华</a>品牌近日也胜诉一起自媒体诽谤案,获赔30万元。这表明企业维权意识正在增强,网络环境治理逐步走向法治化轨道。</p><p>随着监管力度加大,靠造谣博眼球的自媒体将面临更高风险。业内人士建议,平台方应完善内容审核机制,网友也要提高信息辨别能力,共同营造清朗网络空间。对于企业而言,在依法维权的同时,更需用优质产品和服务赢得市场认可。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米起诉自媒体获赔500万,网络不是法外之地 造谣账号该醒醒了</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260227040806a4cca9ab&s=b><strong>ITBEAR科技资讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近日,一则关于小米与自媒体账号AutoReport汽车产经的诉讼案件引发广泛关注。法院一审判决小米胜诉,该自媒体需赔偿500万元,并删除所有侵权内容、公开道歉。这一结果不仅为小米挽回名誉损失,也为行业敲响警钟。据了解,涉事自媒体长期在多个网络平台发布针对小米的负面内容,其中不乏未经核实的虚假信息。例如,将其他品牌的问题张冠李戴到小米身上,或使用明显贬损性语言进行恶意攻击。这些行为严重损害了小米的...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260227040806a4cca9ab&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU1720050803.USD":"安联全方位中国股票基金","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0231483743.USD":"abrdn SICAV I - ALL 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ACC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260227040806a4cca9ab&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2614073524","content_text":"近日,一则关于小米与自媒体账号AutoReport汽车产经的诉讼案件引发广泛关注。法院一审判决小米胜诉,该自媒体需赔偿500万元,并删除所有侵权内容、公开道歉。这一结果不仅为小米挽回名誉损失,也为行业敲响警钟。据了解,涉事自媒体长期在多个网络平台发布针对小米的负面内容,其中不乏未经核实的虚假信息。例如,将其他品牌的问题张冠李戴到小米身上,或使用明显贬损性语言进行恶意攻击。这些行为严重损害了小米的品牌形象,误导消费者决策,最终被法院认定为侵犯名誉权。案件审理过程中,小米法务部提交了充分证据,证明该自媒体存在系统性抹黑行为。法院最终支持了小米的诉求,判决赔偿金额高达500万元,创下同类案件新高。这一数额不仅体现了侵权行为的严重性,也彰显了法律对企业名誉权的保护力度。值得注意的是,案件判决后出现不实传言,有网友声称涉事账号与蔚来创始人李斌有关。经核实,该账号运营主体为易车旗下公司,而李斌已于2020年出售全部易车股份,与当前运营方无任何关联。此次谣言传播再次暴露了网络信息核实的重要性。近年来,汽车行业自媒体乱象频发。部分账号为追求流量,不惜编造虚假信息、恶意拉踩竞争对手。央视此前报道显示,某些汽车博主单条视频报价高达数万元,为获取商业利益甚至主动制造负面新闻。这种行为不仅扰乱市场秩序,也损害了消费者权益。小米法务部负责人表示,公司已对数百个账号取证,并发起数十起诉讼,重点打击AI生成黑稿、水军及恶意竞争行为。此前多起案件赔偿金额从数万到数十万不等,此次500万元判决具有标志性意义,向行业传递了明确信号:网络空间不是法外之地。法律专家指出,自媒体享有言论自由,但必须以事实为依据。正常批评与恶意抹黑的界限在于是否客观真实。企业欢迎建设性意见,但绝不会容忍编造谎言、人身攻击等违法行为。此次判决为类似案件提供了重要参考,有助于规范网络言论秩序。事实上,不止小米,多家企业近期都通过法律手段维护自身权益。某豪华品牌近日也胜诉一起自媒体诽谤案,获赔30万元。这表明企业维权意识正在增强,网络环境治理逐步走向法治化轨道。随着监管力度加大,靠造谣博眼球的自媒体将面临更高风险。业内人士建议,平台方应完善内容审核机制,网友也要提高信息辨别能力,共同营造清朗网络空间。对于企业而言,在依法维权的同时,更需用优质产品和服务赢得市场认可。","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"MIUmain":0.6,"01810":1.95,"XIACY":1.95}},"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":529047831572504,"gmtCreate":1770193216373,"gmtModify":1770193219106,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"饱和狗太多了吧!风雨终将过去","listText":"饱和狗太多了吧!风雨终将过去","text":"饱和狗太多了吧!风雨终将过去","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/529047831572504","repostId":"2608330649","repostType":2,"repost":{"id":"2608330649","kind":"news","pubTimestamp":1770187601,"share":"https://www.laohu8.com/m/news/2608330649?lang=zh_CN&edition=full","pubTime":"2026-02-04 14:46","market":"us","language":"zh","title":"腾讯、小米继续下跌,关注港股科技资产非理性下跌的修复机会","url":"https://stock-news.laohu8.com/highlight/detail?id=2608330649","media":"每日经济新闻","summary":"综合技术面、资金面动向,恒生科技、港股通科技等相关ETF或出现非理性下跌后的修复行情,即“一低位一拐点二催化”底部布局机会。一低位:去年10月以来,恒生互联网指数震荡回调,最新估值为23倍,无论纵向看历史分位,还是横向相比纳斯达克(35倍)和A股创业板指(43倍),都极具性价比;一拐点:由于小作文引发情绪恐慌,港股科技主要指数跌落年线(也称为“250日均线”)。","content":"<div>\n<p>综合技术面、资金面动向,恒生科技、港股通科技等相关ETF或出现非理性下跌后的修复行情,即“一低位一拐点二催化”底部布局机会。 一低位:去年10月以来,恒生互联网指数震荡回调,最新估值为23倍,无论纵向看历史分位,还是横向相比纳斯达克(35倍)和A股创业板指(43倍),都极具性价比; 一拐点:由于小作文引发情绪恐慌,港股科技主要指数跌落年线(也称为“250日均线”)。该位置也是本轮上行行情的支撑...</p>\n\n<a href=\"http://stock.eastmoney.com/a/202602043641386061.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" 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一拐点:由于小作文引发情绪恐慌,港股科技主要指数跌落年线(也称为“250日均线”)。该位置也是本轮上行行情的支撑...</p>\n\n<a href=\"http://stock.eastmoney.com/a/202602043641386061.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1046422090.SGD":"Fidelity Pacific A-SGD","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU1152091168.USD":"UBS (LUX) EQUITY FUND - CHINA OPPORTUNITY (USD) \"PM\" INC","LU0708995153.HKD":"TEMPLETON EMERGING MARKETS \"A\" (HKD) ACC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU1226288097.SGD":"UBS (LUX) KEY SEL S-CHINA ALLOCATION OPP \"P\" (SGDHDG) INC A","LU1960683339.HKD":"UBS (LUX) EQUITY SICAV ALL CHINA \"P\" (HKD) ACC","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD) 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11:23","market":"hk","language":"zh","title":"小米高管王腾创业公司“今日宜休”完成数千万种子轮融资","url":"https://stock-news.laohu8.com/highlight/detail?id=2604165367","media":"IT桔子","summary":"今日宜休成立于2026年,是由前小米高管王腾创办的新公司,目标是通过研发睡眠健康相关的产品,让大家能拥有更好的精力状态。公司日前宣布完成总规模为数千万元的种子轮融资,投资方包括高瓴创投(GL Ventures)、智元机器人、喜临门、云九资本等。","content":"<html><body><article><p>今日宜休成立于2026年,是由前<a href=\"https://laohu8.com/S/XIACY\">小米</a>高管王腾创办的新公司,目标是通过研发睡眠健康相关的产品,让大家能拥有更好的精力状态。公司日前宣布完成总规模为数千万元的种子轮融资,投资方包括高瓴创投(GL Ventures)、智元机器人、<a href=\"https://laohu8.com/S/603008\">喜临门</a>、云九资本等。</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米高管王腾创业公司“今日宜休”完成数千万种子轮融资</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米高管王腾创业公司“今日宜休”完成数千万种子轮融资\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-20 11:23 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260120112552a43f2e6d&s=b><strong>IT桔子</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>今日宜休成立于2026年,是由前小米高管王腾创办的新公司,目标是通过研发睡眠健康相关的产品,让大家能拥有更好的精力状态。公司日前宣布完成总规模为数千万元的种子轮融资,投资方包括高瓴创投(GL Ventures)、智元机器人、喜临门、云九资本等。</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260120112552a43f2e6d&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0417516738.SGD":"Allianz Hong Kong Equity AT Acc SGD","LU0235996351.USD":"UBS (LUX) KEY SELECTION SICAV - ASIAN EQUITY (USD) \"P\" (USD) ACC","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","IE0032431581.USD":"PINEBRIDGE GREATER CHINA EQUITY \"A\" (USD) ACC","LU0348735423.USD":"ALLIANZ HONG KONG EQUITY \"A\" (USD) INC","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU1303224171.USD":"NINETY 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09:08","market":"hk","language":"zh","title":"小米汽车2025年12月交付量超过5万台","url":"https://stock-news.laohu8.com/highlight/detail?id=1100335627","media":"老虎资讯综合","summary":"1月1日,小米汽车:2025年12月,小米汽车交付量超过5万台>>","content":"<html><head></head><body><p>1月1日,小米汽车宣布,2025年12月,小米汽车交付量超过5万台。此外,小米YU7首次推出新年专项金融政策,全系可享“3年0息”分期方案。用户在2月28日24点前下订YU7,即可享受首付7.49万元起,月供低至4961元的全新政策。同期下订用户还可享48000元限时购车权益。此外还有预约试驾赠送合金车模,邀请好友锁单可获得8000积分等福利。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0cb0fbda730e76270ce52ef0868ee165\" tg-width=\"690\" tg-height=\"920\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米汽车2025年12月交付量超过5万台</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米汽车2025年12月交付量超过5万台\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-01-01 09:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>1月1日,小米汽车宣布,2025年12月,小米汽车交付量超过5万台。此外,小米YU7首次推出新年专项金融政策,全系可享“3年0息”分期方案。用户在2月28日24点前下订YU7,即可享受首付7.49万元起,月供低至4961元的全新政策。同期下订用户还可享48000元限时购车权益。此外还有预约试驾赠送合金车模,邀请好友锁单可获得8000积分等福利。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0cb0fbda730e76270ce52ef0868ee165\" tg-width=\"690\" tg-height=\"920\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/203db9e0e1cdb7f01bed903db31cb6f7","relate_stocks":{"XIACY":"小米集团ADR","01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100335627","content_text":"1月1日,小米汽车宣布,2025年12月,小米汽车交付量超过5万台。此外,小米YU7首次推出新年专项金融政策,全系可享“3年0息”分期方案。用户在2月28日24点前下订YU7,即可享受首付7.49万元起,月供低至4961元的全新政策。同期下订用户还可享48000元限时购车权益。此外还有预约试驾赠送合金车模,邀请好友锁单可获得8000积分等福利。","news_type":1,"symbols_score_info":{"XIACY":2,"01810":1}},"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":569059147592616,"gmtCreate":1779934718363,"gmtModify":1779936334378,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"最新数据显示注销了1亿股,前两天还是259.4亿,今天显示是258.4亿","listText":"最新数据显示注销了1亿股,前两天还是259.4亿,今天显示是258.4亿","text":"最新数据显示注销了1亿股,前两天还是259.4亿,今天显示是258.4亿","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/569059147592616","repostId":"1147752675","repostType":2,"repost":{"id":"1147752675","kind":"news","weMediaInfo":{"introduction":"港美股公告全覆盖","home_visible":1,"media_name":"公告速递","id":"1097772564","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"pubTimestamp":1779878208,"share":"https://www.laohu8.com/m/news/1147752675?lang=zh_CN&edition=full","pubTime":"2026-05-27 18:36","market":"us","language":"zh","title":"小米集团-W:5月27日回购34.94万股并发行83.5万股","url":"https://stock-news.laohu8.com/highlight/detail?id=1147752675","media":"公告速递","summary":"小米集团-W于2026年5月27日发布翌日披露报表,宣布当日根据股份激励计划向非董事参与人发行83.5万股B类普通股,每股发行价0.35港元,约占公司现有已发行股本的0.0032%。同日,公司在香港联交所场内回购B类普通股34.94万股,占不含库藏股已发行股份的0.001%,每股回购价格介乎28.32港元至28.78港元,合计耗资约999.67万港元。截至2026年5月27日,上述发行和回购完成后,公司B类普通股已发行股本合计21,385,944,284股,库藏股数仍为0股。","content":"<p>小米集团-W(01810)于2026年5月27日发布翌日披露报表,宣布当日根据股份激励计划向非董事参与人发行83.5万股B类普通股,每股发行价0.35港元,约占公司现有已发行股本(不含库藏股)的0.0032%。同日,公司在香港联交所场内回购B类普通股34.94万股,占不含库藏股已发行股份的0.001%,每股回购价格介乎28.32港元至28.78港元,合计耗资约999.67万港元。</p>\n<p>截至2026年5月27日,上述发行和回购完成后,公司B类普通股已发行股本合计21,385,944,284股,库藏股数仍为0股。公司亦披露,该次回购依据于2025年6月5日获得股东大会通过的购回授权,剩余可回购股份额度为2,594,916,968股。截至公告日,公司已合计回购399,989,400股,占授权通过当日已发行股本(不含库藏股)的1.54%。</p>\n<p>公司表示,相关发行与回购均已符合香港联交所证券上市规则及所有适用法律法规。本次公告由首席财务官林世伟签署。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米集团-W:5月27日回购34.94万股并发行83.5万股</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ 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hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米集团-W:5月27日回购34.94万股并发行83.5万股\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1097772564\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">公告速递 </p>\n<p class=\"h-time\">2026-05-27 18:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>小米集团-W(01810)于2026年5月27日发布翌日披露报表,宣布当日根据股份激励计划向非董事参与人发行83.5万股B类普通股,每股发行价0.35港元,约占公司现有已发行股本(不含库藏股)的0.0032%。同日,公司在香港联交所场内回购B类普通股34.94万股,占不含库藏股已发行股份的0.001%,每股回购价格介乎28.32港元至28.78港元,合计耗资约999.67万港元。</p>\n<p>截至2026年5月27日,上述发行和回购完成后,公司B类普通股已发行股本合计21,385,944,284股,库藏股数仍为0股。公司亦披露,该次回购依据于2025年6月5日获得股东大会通过的购回授权,剩余可回购股份额度为2,594,916,968股。截至公告日,公司已合计回购399,989,400股,占授权通过当日已发行股本(不含库藏股)的1.54%。</p>\n<p>公司表示,相关发行与回购均已符合香港联交所证券上市规则及所有适用法律法规。本次公告由首席财务官林世伟签署。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147752675","content_text":"小米集团-W(01810)于2026年5月27日发布翌日披露报表,宣布当日根据股份激励计划向非董事参与人发行83.5万股B类普通股,每股发行价0.35港元,约占公司现有已发行股本(不含库藏股)的0.0032%。同日,公司在香港联交所场内回购B类普通股34.94万股,占不含库藏股已发行股份的0.001%,每股回购价格介乎28.32港元至28.78港元,合计耗资约999.67万港元。\n截至2026年5月27日,上述发行和回购完成后,公司B类普通股已发行股本合计21,385,944,284股,库藏股数仍为0股。公司亦披露,该次回购依据于2025年6月5日获得股东大会通过的购回授权,剩余可回购股份额度为2,594,916,968股。截至公告日,公司已合计回购399,989,400股,占授权通过当日已发行股本(不含库藏股)的1.54%。\n公司表示,相关发行与回购均已符合香港联交所证券上市规则及所有适用法律法规。本次公告由首席财务官林世伟签署。","news_type":1,"symbols_score_info":{"01810":1}},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":569145734555144,"gmtCreate":1779955882658,"gmtModify":1779957710006,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"重磅炸弹自研OS,护城河加深加宽","listText":"重磅炸弹自研OS,护城河加深加宽","text":"重磅炸弹自研OS,护城河加深加宽","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/569145734555144","repostId":"2638466858","repostType":2,"repost":{"id":"2638466858","kind":"news","pubTimestamp":1779950965,"share":"https://www.laohu8.com/m/news/2638466858?lang=zh_CN&edition=full","pubTime":"2026-05-28 14:49","market":"sh","language":"zh","title":"2026年小米最重磅新品来了!玄戒+自研OS+AI大模型 三项自研大会师","url":"https://stock-news.laohu8.com/highlight/detail?id=2638466858","media":"快科技","summary":"快科技5月28日消息,博主数码闲聊站介绍,小米将在下半年推出一款重磅新品,该产品同时首发自研芯片、自研OS和自研AI大模型,是小米发展历程中具备里程碑意义的核心新品。他曾明确表示,小米自研芯片、操作系统和自研AI大模型,将在今年之内完成深度整合,在同一款终端产品上释放三者叠加后的全部能力。在业内人士看来,小米此次技术大会师的实际市场杀伤力完全不容小觑。","content":"<html><body><p>快科技5月28日消息,博主数码闲聊站介绍,<strong><a href=\"https://laohu8.com/S/XIACY\">小米</a>将在下半年推出一款重磅新品,该产品同时首发自研芯片、自研OS和自研AI大模型,是<a href=\"https://laohu8.com/S/01810\">小米</a>发展历程中具备里程碑意义的核心新品。</strong></p><p>不少关注<a href=\"https://laohu8.com/S/81810\">小米</a>多年的米粉,把这三大自研核心技术首次落地同一款产品的事件,称之为小米的技术大会师,对下半年的新品期待值直接拉满。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>事实上,关于这场万众瞩目的技术大会师,小米集团总裁卢伟冰此前就已经对外透露出相关风声。他曾明确表示,小米自研芯片、操作系统和自研AI大模型,将在今年之内完成深度整合,在同一款终端产品上释放三者叠加后的全部能力。</p><p>业界普遍认为,这一动作标志着小米正在自主构建完全属于自身的全链路完整技术栈。回顾小米近年的技术布局就能看到清晰脉络,玄戒系列自研芯片已经正式发布落地,澎湃OS正面向全品类设备持续迭代升级,端侧大模型的能力也落地到存量终端之中。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p><p>三大核心板块的技术储备早已全部准备完毕,只待最终完成汇合。当这三者完成底层深度整合之后,意味着小米彻底摆脱了过去单纯的应用层整合者身份,真正将全生态的底层技术控制权完完全全握在了自己手中。</p><p>在业内人士看来,小米此次技术大会师的实际市场杀伤力完全不容小觑。如今的小米,不仅掌握了从芯片、OS到大模型的全链路底层研发能力,更拥有全球范围内海量的活跃智能设备,以及覆盖全场景的庞大用户基数。</p><p>这种软硬芯云深度融合的独有底气,让小米能够用AI能力深度赋能人车家全场景生态,搭建出一条其他品牌极难被对手复制的独特竞争护城河。</p><p><img src=\"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEXy8vJkA4prAAAACklEQVQI12NgAAAAAgAB4iG8MwAAAABJRU5ErkJggg==\"/></p></body></html>","source":"ifeng_tech","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2026年小米最重磅新品来了!玄戒+自研OS+AI大模型 三项自研大会师</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2026年小米最重磅新品来了!玄戒+自研OS+AI大模型 三项自研大会师\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-28 14:49 北京时间 <a href=https://tech.ifeng.com/c/8tUmwEtLc00><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技5月28日消息,博主数码闲聊站介绍,小米将在下半年推出一款重磅新品,该产品同时首发自研芯片、自研OS和自研AI大模型,是小米发展历程中具备里程碑意义的核心新品。不少关注小米多年的米粉,把这三大自研核心技术首次落地同一款产品的事件,称之为小米的技术大会师,对下半年的新品期待值直接拉满。事实上,关于这场万众瞩目的技术大会师,小米集团总裁卢伟冰此前就已经对外透露出相关风声。他曾明确表示,小米自研...</p>\n\n<a href=\"https://tech.ifeng.com/c/8tUmwEtLc00\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","BK1521":"挪威政府全球养老基金持仓","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0359201612.USD":"贝莱德中国基金A2","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU1720050803.USD":"安联全方位中国股票基金","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU0231483743.USD":"abrdn SICAV 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ACC"},"source_url":"https://tech.ifeng.com/c/8tUmwEtLc00","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2638466858","content_text":"快科技5月28日消息,博主数码闲聊站介绍,小米将在下半年推出一款重磅新品,该产品同时首发自研芯片、自研OS和自研AI大模型,是小米发展历程中具备里程碑意义的核心新品。不少关注小米多年的米粉,把这三大自研核心技术首次落地同一款产品的事件,称之为小米的技术大会师,对下半年的新品期待值直接拉满。事实上,关于这场万众瞩目的技术大会师,小米集团总裁卢伟冰此前就已经对外透露出相关风声。他曾明确表示,小米自研芯片、操作系统和自研AI大模型,将在今年之内完成深度整合,在同一款终端产品上释放三者叠加后的全部能力。业界普遍认为,这一动作标志着小米正在自主构建完全属于自身的全链路完整技术栈。回顾小米近年的技术布局就能看到清晰脉络,玄戒系列自研芯片已经正式发布落地,澎湃OS正面向全品类设备持续迭代升级,端侧大模型的能力也落地到存量终端之中。三大核心板块的技术储备早已全部准备完毕,只待最终完成汇合。当这三者完成底层深度整合之后,意味着小米彻底摆脱了过去单纯的应用层整合者身份,真正将全生态的底层技术控制权完完全全握在了自己手中。在业内人士看来,小米此次技术大会师的实际市场杀伤力完全不容小觑。如今的小米,不仅掌握了从芯片、OS到大模型的全链路底层研发能力,更拥有全球范围内海量的活跃智能设备,以及覆盖全场景的庞大用户基数。这种软硬芯云深度融合的独有底气,让小米能够用AI能力深度赋能人车家全场景生态,搭建出一条其他品牌极难被对手复制的独特竞争护城河。","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"01810":1.98,"XIACY":1.98,"MIUmain":0.6}},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":454059584099024,"gmtCreate":1751876291065,"gmtModify":1751877061218,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a> 马斯克不错,终于像个男人了,干翻特朗普这丫的,下跌是暂时的,有种就有希望","listText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$ </a> 马斯克不错,终于像个男人了,干翻特朗普这丫的,下跌是暂时的,有种就有希望","text":"$特斯拉(TSLA)$ 马斯克不错,终于像个男人了,干翻特朗普这丫的,下跌是暂时的,有种就有希望","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/454059584099024","repostId":"1138350230","repostType":2,"repost":{"id":"1138350230","kind":"news","pubTimestamp":1751865486,"share":"https://www.laohu8.com/m/news/1138350230?lang=zh_CN&edition=full","pubTime":"2025-07-07 13:18","market":"us","language":"zh","title":"马斯克的“美国党”对特斯拉股票意味着什么?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138350230","media":"Barrons巴伦","summary":"周六,马斯克宣布成立“美国党”,此前他在X平台上发起了一项关于是否应创建新政党的投票。这一举动是在马斯克强烈反对总统唐纳德·特朗普签署的“一项伟大而美丽的法案”之后做出的。2025年上半年,特斯拉共售出约72.1万辆汽车,同比下降13%。特斯拉将于7月23日公布第二季度财报,届时的电话会议值得关注。艾夫斯预计特斯拉股价周一将承压。斯托克顿并不是在对特斯拉股票做基本面判断。","content":"<html><head></head><body><p>7月7日,<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>美股盘前跌超6%,TSLL大跌13%!“特马冲突”再升级,马斯克新建“美国党”引发投资者反对。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ccd0e28f2cf6d24327529e580dffee7\" title=\"\" tg-width=\"870\" tg-height=\"832\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/165a580f2f3528f603e3c5ebb82a785f\" title=\"\" tg-width=\"867\" tg-height=\"835\"/></p><p>那些希望<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>CEO埃隆·马斯克在离开特朗普政府后能远离政治的投资者们,又要大失所望了。而失望对股价来说几乎从来不是好事。</p><p>周六,马斯克宣布成立“美国党”,此前他在X平台上发起了一项关于是否应创建新政党的投票。马斯克在X上拥有超过2.25亿粉丝,这项投票吸引了近7900万人参与,其中65.4%的人支持成立新党。</p><p>这一举动是在马斯克强烈反对特朗普签署的“大美丽法案”之后做出的。该法案于周五签署成为法律,内容包括减税,并将在十年内使美国国债增加近4万亿美元——这是美国负责任联邦预算委员会的估算。曾在政府效率部领导特朗普削减政府规模工作的马斯克,反对增加国债。</p><p>但据Wedbush证券分析师丹·艾夫斯表示,马斯克在这个节骨眼上涉足政治活动,对他的企业来说无疑是最糟糕的时机。特斯拉正处于推出备受期待的自动驾驶出租车的关键阶段,艾夫斯和其他华尔街分析师认为,这项业务可能为特斯拉带来数千亿美元甚至数万亿美元的价值。更重要的是,特斯拉还计划在2026年开始大规模销售人形<a href=\"https://laohu8.com/S/300024\">机器人</a>。</p><p>“很简单,马斯克此时更加深入政治领域,甚至试图挑战华盛顿的既得利益集团,这与特斯拉投资者和股东在这一关键时期对他的期望完全背道而驰,”艾夫斯周日写道。</p><p>特斯拉的AI训练出租车和机器人目前还没有带来可观的销售额,公司主要收入依然来自电动汽车,而特斯拉的电动车业务正亟需修复。2025年上半年,特斯拉共售出约72.1万辆汽车,同比下降13%。华尔街原本预计2025年上半年销量会接近97万辆,全年销量有望达到约210万辆。但现在,分析师预计全年销量为170万辆,低于2024年的180万辆。</p><p>政治因素在令人失望的销售业绩中也起到了一定负面作用,马斯克的一些言行让部分核心电动车消费者——主要是倾向环保的左翼人士——感到失望。特斯拉管理层在4月的第一季度财报电话会议上也承认了品牌面临的挑战。特斯拉将于7月23日公布第二季度财报,届时的电话会议值得关注。</p><p>截至周一交易前,特斯拉股价自11月5日大选以来上涨了25%,但今年以来累计下跌22%;自四月初传出马斯克可能离开DOGE的消息后上涨了17%;而自六月初特朗普与马斯克在社交媒体上爆发争执以来则下跌了8%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/94bc1b0bf32864fe1425cde9831eebde\" title=\"\" tg-width=\"560\" tg-height=\"240\"/></p><p>艾夫斯补充道:“虽然马斯克的铁杆支持者无论如何都会支持他,但许多特斯拉投资者普遍感到疲惫,因为马斯克总是在政治道路上越走越远。马斯克离开DOGE后,特斯拉股东和许多坚定支持者一开始感到松了口气,觉得特斯拉重新拥有了其最大资产——马斯克本人。但这种松懈感持续的时间非常短暂,随着最新的消息宣布,情况反而变得更糟。”</p><p>艾夫斯预计特斯拉股价周一将承压。他仍然给予该股“买入”评级,目标价为500美元。</p><p>Fairlead Strategies的创始人兼市场技术分析师凯蒂·斯托克顿最近指出,特斯拉股票在300美元区间有支撑。这是投资者可以在周一关注的一个价位。</p><p>斯托克顿并不是在对特斯拉股票做基本面判断。她是通过分析股票走势图和市场历史,来了解过去投资者倾向于在何处买入和卖出特斯拉股票。</p><p>至于对国家的影响,目前还很难说。马斯克并未给出太多细节。里士满大学法学院Williams讲席教授卡尔·托比亚斯表示:“在短期内,美国党(America Party)的想法很可能让生活变得更加不可预测。”在“即将到来的2026年中期选举中……共和党和民主党都会竭尽全力争夺参议院和众议院的微弱多数席位。”</p></body></html>","source":"lsy1748071825094","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>马斯克的“美国党”对特斯拉股票意味着什么?</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n马斯克的“美国党”对特斯拉股票意味着什么?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-07-07 13:18 北京时间 <a href=https://mp.weixin.qq.com/s/B7zlybINjIAnulbvUU4_kg><strong>Barrons巴伦</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>7月7日,特斯拉美股盘前跌超6%,TSLL大跌13%!“特马冲突”再升级,马斯克新建“美国党”引发投资者反对。那些希望特斯拉CEO埃隆·马斯克在离开特朗普政府后能远离政治的投资者们,又要大失所望了。而失望对股价来说几乎从来不是好事。周六,马斯克宣布成立“美国党”,此前他在X平台上发起了一项关于是否应创建新政党的投票。马斯克在X上拥有超过2.25亿粉丝,这项投票吸引了近7900万人参与,其中...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/B7zlybINjIAnulbvUU4_kg\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9e3988a75d33e2b4f95370655c056098","relate_stocks":{"LU0234572021.USD":"高盛美国核心股票组合Acc","BK4555":"新能源车","BK4612":"AI芯片","BK4592":"伊斯兰概念","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","BK4588":"碎股","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","TSLA":"特斯拉","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4548":"巴美列捷福持仓","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","BK4550":"红杉资本持仓","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","DXYZ":"Destiny Tech100 Inc","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","TSLL":"2倍做多TSLA ETF-Direxion","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD"},"source_url":"https://mp.weixin.qq.com/s/B7zlybINjIAnulbvUU4_kg","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138350230","content_text":"7月7日,特斯拉美股盘前跌超6%,TSLL大跌13%!“特马冲突”再升级,马斯克新建“美国党”引发投资者反对。那些希望特斯拉CEO埃隆·马斯克在离开特朗普政府后能远离政治的投资者们,又要大失所望了。而失望对股价来说几乎从来不是好事。周六,马斯克宣布成立“美国党”,此前他在X平台上发起了一项关于是否应创建新政党的投票。马斯克在X上拥有超过2.25亿粉丝,这项投票吸引了近7900万人参与,其中65.4%的人支持成立新党。这一举动是在马斯克强烈反对特朗普签署的“大美丽法案”之后做出的。该法案于周五签署成为法律,内容包括减税,并将在十年内使美国国债增加近4万亿美元——这是美国负责任联邦预算委员会的估算。曾在政府效率部领导特朗普削减政府规模工作的马斯克,反对增加国债。但据Wedbush证券分析师丹·艾夫斯表示,马斯克在这个节骨眼上涉足政治活动,对他的企业来说无疑是最糟糕的时机。特斯拉正处于推出备受期待的自动驾驶出租车的关键阶段,艾夫斯和其他华尔街分析师认为,这项业务可能为特斯拉带来数千亿美元甚至数万亿美元的价值。更重要的是,特斯拉还计划在2026年开始大规模销售人形机器人。“很简单,马斯克此时更加深入政治领域,甚至试图挑战华盛顿的既得利益集团,这与特斯拉投资者和股东在这一关键时期对他的期望完全背道而驰,”艾夫斯周日写道。特斯拉的AI训练出租车和机器人目前还没有带来可观的销售额,公司主要收入依然来自电动汽车,而特斯拉的电动车业务正亟需修复。2025年上半年,特斯拉共售出约72.1万辆汽车,同比下降13%。华尔街原本预计2025年上半年销量会接近97万辆,全年销量有望达到约210万辆。但现在,分析师预计全年销量为170万辆,低于2024年的180万辆。政治因素在令人失望的销售业绩中也起到了一定负面作用,马斯克的一些言行让部分核心电动车消费者——主要是倾向环保的左翼人士——感到失望。特斯拉管理层在4月的第一季度财报电话会议上也承认了品牌面临的挑战。特斯拉将于7月23日公布第二季度财报,届时的电话会议值得关注。截至周一交易前,特斯拉股价自11月5日大选以来上涨了25%,但今年以来累计下跌22%;自四月初传出马斯克可能离开DOGE的消息后上涨了17%;而自六月初特朗普与马斯克在社交媒体上爆发争执以来则下跌了8%。艾夫斯补充道:“虽然马斯克的铁杆支持者无论如何都会支持他,但许多特斯拉投资者普遍感到疲惫,因为马斯克总是在政治道路上越走越远。马斯克离开DOGE后,特斯拉股东和许多坚定支持者一开始感到松了口气,觉得特斯拉重新拥有了其最大资产——马斯克本人。但这种松懈感持续的时间非常短暂,随着最新的消息宣布,情况反而变得更糟。”艾夫斯预计特斯拉股价周一将承压。他仍然给予该股“买入”评级,目标价为500美元。Fairlead Strategies的创始人兼市场技术分析师凯蒂·斯托克顿最近指出,特斯拉股票在300美元区间有支撑。这是投资者可以在周一关注的一个价位。斯托克顿并不是在对特斯拉股票做基本面判断。她是通过分析股票走势图和市场历史,来了解过去投资者倾向于在何处买入和卖出特斯拉股票。至于对国家的影响,目前还很难说。马斯克并未给出太多细节。里士满大学法学院Williams讲席教授卡尔·托比亚斯表示:“在短期内,美国党(America Party)的想法很可能让生活变得更加不可预测。”在“即将到来的2026年中期选举中……共和党和民主党都会竭尽全力争夺参议院和众议院的微弱多数席位。”","news_type":1,"symbols_score_info":{"DXYZ":1,"TSLL":1,"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":2713,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":544209002082416,"gmtCreate":1773889019338,"gmtModify":1773889021645,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"董明珠你出来,你也搞一个AI大模型看看","listText":"董明珠你出来,你也搞一个AI大模型看看","text":"董明珠你出来,你也搞一个AI大模型看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/544209002082416","repostId":"2620294758","repostType":2,"repost":{"id":"2620294758","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1773882904,"share":"https://www.laohu8.com/m/news/2620294758?lang=zh_CN&edition=full","pubTime":"2026-03-19 09:15","market":"nz","language":"zh","title":"雷军官宣全球开发者热议的“神秘模型”,小米“AI路线图”逐步明晰","url":"https://stock-news.laohu8.com/highlight/detail?id=2620294758","media":"华尔街见闻","summary":"全网热议的“神秘模型”终被小米认领!小米重磅发布万亿参数大模型MiMo-V2-Pro,性能跻身全球第八且成本优势显著。高盛发布研报力挺,称小米已正式步入AI成果兑现期,稳固“物理AI领导者”地位。尽管百亿级研发或致短期利润承压,但生态落地将驱动长期价值重塑,高盛维持“买入”评级看涨至41港元。","content":"<html><head></head><body><blockquote><p>全网热议的“神秘模型”终被小米认领!小米重磅发布万亿参数大模型MiMo-V2-Pro,性能跻身全球第八且成本优势显著。高盛发布研报力挺,称小米已正式步入AI成果兑现期,稳固“物理AI领导者”地位。尽管百亿级研发或致短期利润承压,但生态落地将驱动长期价值重塑,高盛维持“买入”评级看涨至41港元。</p></blockquote><p style=\"text-align: left;\">一度被全网猜测为DeepSeek V4的“神秘模型”,最终被小米“认领”。不仅平息了开发者社区的身份谜题,也让资本市场对小米的AI投入如何落地有了更清晰的参照系。</p><p style=\"text-align: left;\">近日一款名为Hunter Alpha的AI模型在开发者平台OpenRouter匿名上线,具备逾1万亿参数规模及100万token上下文窗口,发布后总调用量迅速登顶。因参数规格与外界流传的DeepSeek V4信息高度吻合,一度引发大规模猜测,就连龙虾之父Peter Steinberger也在X上发帖询问,有没有人知道模型的具体细节。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd69d356dd66b83aa64b0ec430c787c1\" tg-width=\"606\" tg-height=\"366\"/></p><p style=\"text-align: left;\">小米以一次"官宣认领"终结了持续数日的猜测,3月19日凌晨,小米发布MiMo大模型系列“三连更”,包括旗舰基座大模型MiMo-V2-Pro,全模态Agent模型MiMo-V2-Omni,以及语音合成模型MiMo-V2-TTS。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8bbd35bf0ec8bece5538c3a7cb8c17c2\" tg-width=\"594\" tg-height=\"708\"/></p><p style=\"text-align: left;\">随后,小米创始人雷军在微博表示,小米刚发布万亿参数大模型Mimo-V2-Pro,并披露小米在AI领域"实际进展可能比大家看到的要快很多",今年AI研发与资本投入将超过160亿。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19ee1ee21e502b429caa0e6d84fc5cb3\" tg-width=\"610\" tg-height=\"595\"/></p><p style=\"text-align: left;\"><strong>对此,高盛在3月19日发布的研究报告中指出,此次三款旗舰模型的集中发布,标志着小米正从AI研发投入阶段迈向成果兑现阶段,其"物理AI领导者"的市场定位正逐步获得实质支撑。</strong>并维持对小米的"买入"评级,12个月目标价港币41元,较当前股价隐含约14%上行空间。</p><h2 id=\"id_1300115540\">小米三款模型重磅亮相</h2><p style=\"text-align: justify;\"><strong>Xiaomi MiMo-V2-Pro专为现实世界中高强度的Agent工作场景而打造</strong>。<strong>它拥有超过1T的总参数量(42B 激活参数),并支持1M超长上下文长度。</strong>在底层架构设计上,它继承了混合注意力机制,并且将混合比例从5:1大幅提升到了7:1,兼顾了超大规模与极高的推理效率。</p><p style=\"text-align: left;\">MiMo-V2-Omni定位为小米的全模态基础模型,整合了图像、视频及音频的多模态理解能力与强大的智能体能力。据高盛报告,该模型在音频理解、图像理解、视频理解及智能体能力等多项核心指标上,达到或超越Gemini 3 Pro、Claude Opus 4.6、Gemini 3及GPT-5.2的水平。</p><p style=\"text-align: left;\">MiMo-V2-TTS则面向语音智能体时代,提供高可控的多粒度风格控制、自然韵律复现及歌唱能力。高盛指出,其下一步目标包括扩展中英文以外的语言覆盖,并与MiMo-V2-Omni的多模态理解能力深度整合,使智能体能够以接近人类表达力的声音描述真实世界。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac83f5ccce93d1488b66f5b9f7b81502\" tg-width=\"1662\" tg-height=\"1080\"/></p><p style=\"text-align: left;\">三款模型已集成至WPS Office、小米手机及电脑上的miclaw智能体系统和小米浏览器。</p><h2 id=\"id_3893430346\">旗舰模型性能:全球第八,成本优势显著、专为Agent场景深度优化</h2><p style=\"text-align: left;\">MiMo-V2-Pro是此次发布的核心。该模型拥有逾1万亿总参数、420亿活跃参数及100万token上下文窗口,在全球大模型综合智能排行榜Artificial Analysis Intelligence Index上位列全球第八、中国模型第二,超越xAI Grok,仅次于Gemini 3.1 Pro Preview、GPT-5.4、GPT-5.3 Codex、Claude Opus 4.6、Claude Sonnet 4.6及GLM-5。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6de6458c3b8dceb3dd748aa90c821b0a\" tg-width=\"2560\" tg-height=\"707\"/></p><p style=\"text-align: left;\"><strong>高盛指出,成本效率是MiMo-V2-Pro的另一核心竞争力</strong>。据Artificial Analysis数据,运行该模型完成Intelligence Index测试的成本为348美元,较同榜单排名靠前的GLM-5低36%,较Claude Sonnet 4.6低90%;与Claude Opus 4.6和Claude Sonnet 4.6相比,MiMo-V2-Pro的token使用成本最高低80%。</p><p style=\"text-align: left;\">在训练效率方面,小米近期推出的ARL-Tangram系统已部署用于支持MiMo系列模型训练,该系统实现了平均动作完成时间提升4.3倍、强化学习训练速度最高提升1.5倍,以及外部资源节省最高达71%。</p><p style=\"text-align: left;\"><strong>值得一提的是,MiMo-V2-Pro 专为 Agent 场景深度优化。</strong>MiMo-V2-Pro 针对复杂多样的 Agent Scaffold 进行 SFT & RL,具备更强的工具调用与多步推理能力。在 OpenClaw 标准评测榜单 PinchBench、ClawEval 上,MiMo-V2-Pro 效果处于全球顶尖。同时,凭借 1M 的超长上下文窗口,MiMo-V2-Pro 能够从容支撑高强度的真实 Claw 复杂应用流。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1914add386b65e15063c0165bbf5e875\" tg-width=\"1137\" tg-height=\"1080\"/></p><h2 id=\"id_256265974\" style=\"text-align: left;\">AI路线图清晰化:从模型到生态的系统布局</h2><p style=\"text-align: left;\">高盛报告着重指出,此次发布并非孤立事件,而是小米加速将AI研发投入转化为实际成果的系统性推进的组成部分。</p><p style=\"text-align: left;\"><strong>在此之前,小米于今年2月发布了面向机器人推理与实时执行的视觉-语言-动作模型Xiaomi-Robotics-0,3月发布了AI智能体系统miclaw,并于3月19日同步推出搭载XLA认知模型的升级版辅助驾驶系统HAD,该模型整合了小米自研的跨具身基础模型MiMo-Embodied。</strong></p><p style=\"text-align: left;\">高盛为三款模型分别勾勒了明确的迭代方向:MiMo-V2-Pro的下一目标是攻克高复杂度推理与长周期任务规划;MiMo-V2-Omni的目标是实现跨小时乃至跨天的持续意图规划、实时流感知,以及通过机器人和手部执行动作;MiMo-V2-TTS则将向多语言扩展并深化与Omni的融合。</p><p style=\"text-align: left;\">高盛认为,凭借领先的多模态AI能力及"人车家"生态内丰富的智能体应用场景,小米具备捕获全球AI模型行业巨大市场空间的潜力,同时有望打造高溢价、差异化的消费级AI终端。</p><h2 id=\"id_428976604\" style=\"text-align: left;\">投入加码与估值逻辑:短期利润承压,长期价值重估</h2><p style=\"text-align: left;\">高盛预计,小米2026年研发支出将达400亿元人民币,高于2025年预估的322亿元,持续加码的投入将对近期利润形成拖累。财务数据显示,高盛预测小米2026年净利润(扣除特殊项目前)约为279亿元人民币,低于2025年预估的395亿元,对应2026年市盈率约27.4倍。</p><p style=\"text-align: left;\">尽管如此,高盛认为,持续的成果交付应推动市场将小米重新定价为拥有自研AI、操作系统及芯片能力的物理AI领导者,而非仅以近期市盈率衡量其价值。高盛维持买入评级,目标价港币41元,基于分类加总估值法,包括对小米核心业务采用16倍目标12个月远期EV/NOPAT,对小米电动车业务采用DCF估值(450亿美元),并施加10%控股折价。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>雷军官宣全球开发者热议的“神秘模型”,小米“AI路线图”逐步明晰</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n雷军官宣全球开发者热议的“神秘模型”,小米“AI路线图”逐步明晰\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-03-19 09:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>全网热议的“神秘模型”终被小米认领!小米重磅发布万亿参数大模型MiMo-V2-Pro,性能跻身全球第八且成本优势显著。高盛发布研报力挺,称小米已正式步入AI成果兑现期,稳固“物理AI领导者”地位。尽管百亿级研发或致短期利润承压,但生态落地将驱动长期价值重塑,高盛维持“买入”评级看涨至41港元。</p></blockquote><p style=\"text-align: left;\">一度被全网猜测为DeepSeek V4的“神秘模型”,最终被小米“认领”。不仅平息了开发者社区的身份谜题,也让资本市场对小米的AI投入如何落地有了更清晰的参照系。</p><p style=\"text-align: left;\">近日一款名为Hunter Alpha的AI模型在开发者平台OpenRouter匿名上线,具备逾1万亿参数规模及100万token上下文窗口,发布后总调用量迅速登顶。因参数规格与外界流传的DeepSeek V4信息高度吻合,一度引发大规模猜测,就连龙虾之父Peter Steinberger也在X上发帖询问,有没有人知道模型的具体细节。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd69d356dd66b83aa64b0ec430c787c1\" tg-width=\"606\" tg-height=\"366\"/></p><p style=\"text-align: left;\">小米以一次"官宣认领"终结了持续数日的猜测,3月19日凌晨,小米发布MiMo大模型系列“三连更”,包括旗舰基座大模型MiMo-V2-Pro,全模态Agent模型MiMo-V2-Omni,以及语音合成模型MiMo-V2-TTS。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8bbd35bf0ec8bece5538c3a7cb8c17c2\" tg-width=\"594\" tg-height=\"708\"/></p><p style=\"text-align: left;\">随后,小米创始人雷军在微博表示,小米刚发布万亿参数大模型Mimo-V2-Pro,并披露小米在AI领域"实际进展可能比大家看到的要快很多",今年AI研发与资本投入将超过160亿。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19ee1ee21e502b429caa0e6d84fc5cb3\" tg-width=\"610\" tg-height=\"595\"/></p><p style=\"text-align: left;\"><strong>对此,高盛在3月19日发布的研究报告中指出,此次三款旗舰模型的集中发布,标志着小米正从AI研发投入阶段迈向成果兑现阶段,其"物理AI领导者"的市场定位正逐步获得实质支撑。</strong>并维持对小米的"买入"评级,12个月目标价港币41元,较当前股价隐含约14%上行空间。</p><h2 id=\"id_1300115540\">小米三款模型重磅亮相</h2><p style=\"text-align: justify;\"><strong>Xiaomi MiMo-V2-Pro专为现实世界中高强度的Agent工作场景而打造</strong>。<strong>它拥有超过1T的总参数量(42B 激活参数),并支持1M超长上下文长度。</strong>在底层架构设计上,它继承了混合注意力机制,并且将混合比例从5:1大幅提升到了7:1,兼顾了超大规模与极高的推理效率。</p><p style=\"text-align: left;\">MiMo-V2-Omni定位为小米的全模态基础模型,整合了图像、视频及音频的多模态理解能力与强大的智能体能力。据高盛报告,该模型在音频理解、图像理解、视频理解及智能体能力等多项核心指标上,达到或超越Gemini 3 Pro、Claude Opus 4.6、Gemini 3及GPT-5.2的水平。</p><p style=\"text-align: left;\">MiMo-V2-TTS则面向语音智能体时代,提供高可控的多粒度风格控制、自然韵律复现及歌唱能力。高盛指出,其下一步目标包括扩展中英文以外的语言覆盖,并与MiMo-V2-Omni的多模态理解能力深度整合,使智能体能够以接近人类表达力的声音描述真实世界。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac83f5ccce93d1488b66f5b9f7b81502\" tg-width=\"1662\" tg-height=\"1080\"/></p><p style=\"text-align: left;\">三款模型已集成至WPS Office、小米手机及电脑上的miclaw智能体系统和小米浏览器。</p><h2 id=\"id_3893430346\">旗舰模型性能:全球第八,成本优势显著、专为Agent场景深度优化</h2><p style=\"text-align: left;\">MiMo-V2-Pro是此次发布的核心。该模型拥有逾1万亿总参数、420亿活跃参数及100万token上下文窗口,在全球大模型综合智能排行榜Artificial Analysis Intelligence Index上位列全球第八、中国模型第二,超越xAI Grok,仅次于Gemini 3.1 Pro Preview、GPT-5.4、GPT-5.3 Codex、Claude Opus 4.6、Claude Sonnet 4.6及GLM-5。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6de6458c3b8dceb3dd748aa90c821b0a\" tg-width=\"2560\" tg-height=\"707\"/></p><p style=\"text-align: left;\"><strong>高盛指出,成本效率是MiMo-V2-Pro的另一核心竞争力</strong>。据Artificial Analysis数据,运行该模型完成Intelligence Index测试的成本为348美元,较同榜单排名靠前的GLM-5低36%,较Claude Sonnet 4.6低90%;与Claude Opus 4.6和Claude Sonnet 4.6相比,MiMo-V2-Pro的token使用成本最高低80%。</p><p style=\"text-align: left;\">在训练效率方面,小米近期推出的ARL-Tangram系统已部署用于支持MiMo系列模型训练,该系统实现了平均动作完成时间提升4.3倍、强化学习训练速度最高提升1.5倍,以及外部资源节省最高达71%。</p><p style=\"text-align: left;\"><strong>值得一提的是,MiMo-V2-Pro 专为 Agent 场景深度优化。</strong>MiMo-V2-Pro 针对复杂多样的 Agent Scaffold 进行 SFT & RL,具备更强的工具调用与多步推理能力。在 OpenClaw 标准评测榜单 PinchBench、ClawEval 上,MiMo-V2-Pro 效果处于全球顶尖。同时,凭借 1M 的超长上下文窗口,MiMo-V2-Pro 能够从容支撑高强度的真实 Claw 复杂应用流。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1914add386b65e15063c0165bbf5e875\" tg-width=\"1137\" tg-height=\"1080\"/></p><h2 id=\"id_256265974\" style=\"text-align: left;\">AI路线图清晰化:从模型到生态的系统布局</h2><p style=\"text-align: left;\">高盛报告着重指出,此次发布并非孤立事件,而是小米加速将AI研发投入转化为实际成果的系统性推进的组成部分。</p><p style=\"text-align: left;\"><strong>在此之前,小米于今年2月发布了面向机器人推理与实时执行的视觉-语言-动作模型Xiaomi-Robotics-0,3月发布了AI智能体系统miclaw,并于3月19日同步推出搭载XLA认知模型的升级版辅助驾驶系统HAD,该模型整合了小米自研的跨具身基础模型MiMo-Embodied。</strong></p><p style=\"text-align: left;\">高盛为三款模型分别勾勒了明确的迭代方向:MiMo-V2-Pro的下一目标是攻克高复杂度推理与长周期任务规划;MiMo-V2-Omni的目标是实现跨小时乃至跨天的持续意图规划、实时流感知,以及通过机器人和手部执行动作;MiMo-V2-TTS则将向多语言扩展并深化与Omni的融合。</p><p style=\"text-align: left;\">高盛认为,凭借领先的多模态AI能力及"人车家"生态内丰富的智能体应用场景,小米具备捕获全球AI模型行业巨大市场空间的潜力,同时有望打造高溢价、差异化的消费级AI终端。</p><h2 id=\"id_428976604\" style=\"text-align: left;\">投入加码与估值逻辑:短期利润承压,长期价值重估</h2><p style=\"text-align: left;\">高盛预计,小米2026年研发支出将达400亿元人民币,高于2025年预估的322亿元,持续加码的投入将对近期利润形成拖累。财务数据显示,高盛预测小米2026年净利润(扣除特殊项目前)约为279亿元人民币,低于2025年预估的395亿元,对应2026年市盈率约27.4倍。</p><p style=\"text-align: left;\">尽管如此,高盛认为,持续的成果交付应推动市场将小米重新定价为拥有自研AI、操作系统及芯片能力的物理AI领导者,而非仅以近期市盈率衡量其价值。高盛维持买入评级,目标价港币41元,基于分类加总估值法,包括对小米核心业务采用16倍目标12个月远期EV/NOPAT,对小米电动车业务采用DCF估值(450亿美元),并施加10%控股折价。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/aea2b9ab8a046974039715aed46d9985","relate_stocks":{"81810":"小米集团-WR","BK4607":"DeepSeek概念股","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","HXXD.SI":"Xiaomi 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ACC"},"source_url":"https://wallstreetcn.com/articles/3767880","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2620294758","content_text":"全网热议的“神秘模型”终被小米认领!小米重磅发布万亿参数大模型MiMo-V2-Pro,性能跻身全球第八且成本优势显著。高盛发布研报力挺,称小米已正式步入AI成果兑现期,稳固“物理AI领导者”地位。尽管百亿级研发或致短期利润承压,但生态落地将驱动长期价值重塑,高盛维持“买入”评级看涨至41港元。一度被全网猜测为DeepSeek V4的“神秘模型”,最终被小米“认领”。不仅平息了开发者社区的身份谜题,也让资本市场对小米的AI投入如何落地有了更清晰的参照系。近日一款名为Hunter Alpha的AI模型在开发者平台OpenRouter匿名上线,具备逾1万亿参数规模及100万token上下文窗口,发布后总调用量迅速登顶。因参数规格与外界流传的DeepSeek V4信息高度吻合,一度引发大规模猜测,就连龙虾之父Peter Steinberger也在X上发帖询问,有没有人知道模型的具体细节。小米以一次\"官宣认领\"终结了持续数日的猜测,3月19日凌晨,小米发布MiMo大模型系列“三连更”,包括旗舰基座大模型MiMo-V2-Pro,全模态Agent模型MiMo-V2-Omni,以及语音合成模型MiMo-V2-TTS。随后,小米创始人雷军在微博表示,小米刚发布万亿参数大模型Mimo-V2-Pro,并披露小米在AI领域\"实际进展可能比大家看到的要快很多\",今年AI研发与资本投入将超过160亿。对此,高盛在3月19日发布的研究报告中指出,此次三款旗舰模型的集中发布,标志着小米正从AI研发投入阶段迈向成果兑现阶段,其\"物理AI领导者\"的市场定位正逐步获得实质支撑。并维持对小米的\"买入\"评级,12个月目标价港币41元,较当前股价隐含约14%上行空间。小米三款模型重磅亮相Xiaomi MiMo-V2-Pro专为现实世界中高强度的Agent工作场景而打造。它拥有超过1T的总参数量(42B 激活参数),并支持1M超长上下文长度。在底层架构设计上,它继承了混合注意力机制,并且将混合比例从5:1大幅提升到了7:1,兼顾了超大规模与极高的推理效率。MiMo-V2-Omni定位为小米的全模态基础模型,整合了图像、视频及音频的多模态理解能力与强大的智能体能力。据高盛报告,该模型在音频理解、图像理解、视频理解及智能体能力等多项核心指标上,达到或超越Gemini 3 Pro、Claude Opus 4.6、Gemini 3及GPT-5.2的水平。MiMo-V2-TTS则面向语音智能体时代,提供高可控的多粒度风格控制、自然韵律复现及歌唱能力。高盛指出,其下一步目标包括扩展中英文以外的语言覆盖,并与MiMo-V2-Omni的多模态理解能力深度整合,使智能体能够以接近人类表达力的声音描述真实世界。三款模型已集成至WPS Office、小米手机及电脑上的miclaw智能体系统和小米浏览器。旗舰模型性能:全球第八,成本优势显著、专为Agent场景深度优化MiMo-V2-Pro是此次发布的核心。该模型拥有逾1万亿总参数、420亿活跃参数及100万token上下文窗口,在全球大模型综合智能排行榜Artificial Analysis Intelligence Index上位列全球第八、中国模型第二,超越xAI Grok,仅次于Gemini 3.1 Pro Preview、GPT-5.4、GPT-5.3 Codex、Claude Opus 4.6、Claude Sonnet 4.6及GLM-5。高盛指出,成本效率是MiMo-V2-Pro的另一核心竞争力。据Artificial Analysis数据,运行该模型完成Intelligence Index测试的成本为348美元,较同榜单排名靠前的GLM-5低36%,较Claude Sonnet 4.6低90%;与Claude Opus 4.6和Claude Sonnet 4.6相比,MiMo-V2-Pro的token使用成本最高低80%。在训练效率方面,小米近期推出的ARL-Tangram系统已部署用于支持MiMo系列模型训练,该系统实现了平均动作完成时间提升4.3倍、强化学习训练速度最高提升1.5倍,以及外部资源节省最高达71%。值得一提的是,MiMo-V2-Pro 专为 Agent 场景深度优化。MiMo-V2-Pro 针对复杂多样的 Agent Scaffold 进行 SFT & RL,具备更强的工具调用与多步推理能力。在 OpenClaw 标准评测榜单 PinchBench、ClawEval 上,MiMo-V2-Pro 效果处于全球顶尖。同时,凭借 1M 的超长上下文窗口,MiMo-V2-Pro 能够从容支撑高强度的真实 Claw 复杂应用流。AI路线图清晰化:从模型到生态的系统布局高盛报告着重指出,此次发布并非孤立事件,而是小米加速将AI研发投入转化为实际成果的系统性推进的组成部分。在此之前,小米于今年2月发布了面向机器人推理与实时执行的视觉-语言-动作模型Xiaomi-Robotics-0,3月发布了AI智能体系统miclaw,并于3月19日同步推出搭载XLA认知模型的升级版辅助驾驶系统HAD,该模型整合了小米自研的跨具身基础模型MiMo-Embodied。高盛为三款模型分别勾勒了明确的迭代方向:MiMo-V2-Pro的下一目标是攻克高复杂度推理与长周期任务规划;MiMo-V2-Omni的目标是实现跨小时乃至跨天的持续意图规划、实时流感知,以及通过机器人和手部执行动作;MiMo-V2-TTS则将向多语言扩展并深化与Omni的融合。高盛认为,凭借领先的多模态AI能力及\"人车家\"生态内丰富的智能体应用场景,小米具备捕获全球AI模型行业巨大市场空间的潜力,同时有望打造高溢价、差异化的消费级AI终端。投入加码与估值逻辑:短期利润承压,长期价值重估高盛预计,小米2026年研发支出将达400亿元人民币,高于2025年预估的322亿元,持续加码的投入将对近期利润形成拖累。财务数据显示,高盛预测小米2026年净利润(扣除特殊项目前)约为279亿元人民币,低于2025年预估的395亿元,对应2026年市盈率约27.4倍。尽管如此,高盛认为,持续的成果交付应推动市场将小米重新定价为拥有自研AI、操作系统及芯片能力的物理AI领导者,而非仅以近期市盈率衡量其价值。高盛维持买入评级,目标价港币41元,基于分类加总估值法,包括对小米核心业务采用16倍目标12个月远期EV/NOPAT,对小米电动车业务采用DCF估值(450亿美元),并施加10%控股折价。","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"XIACY":1.98,"01810":1.98}},"isVote":1,"tweetType":1,"viewCount":598,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":468992340660288,"gmtCreate":1755503034124,"gmtModify":1755503418917,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"特朗普脑子差不多全坏了了吧,还有人理会啊","listText":"特朗普脑子差不多全坏了了吧,还有人理会啊","text":"特朗普脑子差不多全坏了了吧,还有人理会啊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/468992340660288","repostId":"1183522475","repostType":2,"repost":{"id":"1183522475","kind":"news","pubTimestamp":1755269046,"share":"https://www.laohu8.com/m/news/1183522475?lang=zh_CN&edition=full","pubTime":"2025-08-15 22:44","market":"us","language":"zh","title":"半导体关税风暴将至?特朗普宣称税率或高达300%","url":"https://stock-news.laohu8.com/highlight/detail?id=1183522475","media":"智通财经网","summary":"美国商务部已启动对半导体和制药业的调查。","content":"<html><head></head><body><p>美国总统唐纳德·特朗普在前往阿拉斯加与俄罗斯总统普京举行峰会的空军一号专机上向记者透露,<strong>他计划在未来两周内对半导体产品加征关税,这成为其大幅扩展关税政策体系的最新动向。</strong>特朗普表示:“下周和下下周,我将宣布对钢铁、芯片和半导体加征关税。”</p><p>在周五的最新表态中,<strong>特朗普暗示对进口半导体征收的实际关税税率可能远超此前提到的100%。他反问记者:"我的税率会定在200%还是300%?"</strong></p><p>截至发稿,英伟达、博通跌1.5%,AMD、迈威尔科技跌超2%,美光跌3.6%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b183e69cd792dd86f54368077a442d0\" tg-width=\"560\" tg-height=\"240\"/></p><p style=\"text-align: justify;\">值得注意的是,特朗普在6月已将钢铁和铝的进口关税提升至50%,但此次是否涉及钢铁关税的进一步调整尚不明确。尽管这位总统多次承诺将在数周内对芯片和医药行业加征关税,但目前仍未发布正式公告。</p><p style=\"text-align: justify;\">自今年4月起,美国商务部已启动对半导体和制药行业的调查,这是特朗普政府以"国家安全"为由征收关税的必要程序。不过此类调查通常耗时数月甚至更久,流程较为复杂。</p><p style=\"text-align: justify;\">由于芯片广泛应用于消费电子产品和人工智能领域,制造商及科技公司迫切希望了解特朗普的半导体关税具体方案。</p><p style=\"text-align: justify;\">上周,特朗普在与苹果公司(AAPL.US)首席执行官蒂姆·库克的公开活动中曾表示,计划对进口半导体征收100%的关税,但承诺对将生产线转移至美国的企业给予豁免。白宫尚未就豁免机制出台细则,但特朗普暗示苹果公司可能符合条件——该公司此前已承诺投入6000亿美元推进本土制造计划。</p><p style=\"text-align: justify;\">此外,这位总统还表示,将在与普京的会晤中讨论关税议题,并注意到俄方拟邀请商界领袖参会:"我注意到他带了很多俄罗斯商人,这很好,我喜欢他们做生意的意愿。但在战争问题解决前,商业合作无从谈起。"</p><p style=\"text-align: justify;\">近期特朗普还威胁对俄罗斯能源买家加码关税,包括承诺对印度商品征收50%关税,并暗示若会谈进展不顺,可能进一步加大对俄经济施压。这一系列动作显示出其关税政策正从传统贸易领域向地缘政治博弈延伸。</p></body></html>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>半导体关税风暴将至?特朗普宣称税率或高达300%</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n半导体关税风暴将至?特朗普宣称税率或高达300%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-15 22:44 北京时间 <a href=https://www.zhitongcaijing.com/content/detail/1330454.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美国总统唐纳德·特朗普在前往阿拉斯加与俄罗斯总统普京举行峰会的空军一号专机上向记者透露,他计划在未来两周内对半导体产品加征关税,这成为其大幅扩展关税政策体系的最新动向。特朗普表示:“下周和下下周,我将宣布对钢铁、芯片和半导体加征关税。”在周五的最新表态中,特朗普暗示对进口半导体征收的实际关税税率可能远超此前提到的100%。他反问记者:\"我的税率会定在200%还是300%?\"截至发稿,英伟达、博通跌...</p>\n\n<a href=\"https://www.zhitongcaijing.com/content/detail/1330454.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/38b14d4c1528b585f44d427c7a09d860","relate_stocks":{"ARM":"ARM Holdings","QCOM":"高通","NVDA":"英伟达","MU":"美光科技","AMD":"美国超微公司","TSM":"台积电","INTC":"英特尔","AVGO":"博通","SMCI":"超微电脑"},"source_url":"https://www.zhitongcaijing.com/content/detail/1330454.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"1183522475","content_text":"美国总统唐纳德·特朗普在前往阿拉斯加与俄罗斯总统普京举行峰会的空军一号专机上向记者透露,他计划在未来两周内对半导体产品加征关税,这成为其大幅扩展关税政策体系的最新动向。特朗普表示:“下周和下下周,我将宣布对钢铁、芯片和半导体加征关税。”在周五的最新表态中,特朗普暗示对进口半导体征收的实际关税税率可能远超此前提到的100%。他反问记者:\"我的税率会定在200%还是300%?\"截至发稿,英伟达、博通跌1.5%,AMD、迈威尔科技跌超2%,美光跌3.6%。值得注意的是,特朗普在6月已将钢铁和铝的进口关税提升至50%,但此次是否涉及钢铁关税的进一步调整尚不明确。尽管这位总统多次承诺将在数周内对芯片和医药行业加征关税,但目前仍未发布正式公告。自今年4月起,美国商务部已启动对半导体和制药行业的调查,这是特朗普政府以\"国家安全\"为由征收关税的必要程序。不过此类调查通常耗时数月甚至更久,流程较为复杂。由于芯片广泛应用于消费电子产品和人工智能领域,制造商及科技公司迫切希望了解特朗普的半导体关税具体方案。上周,特朗普在与苹果公司(AAPL.US)首席执行官蒂姆·库克的公开活动中曾表示,计划对进口半导体征收100%的关税,但承诺对将生产线转移至美国的企业给予豁免。白宫尚未就豁免机制出台细则,但特朗普暗示苹果公司可能符合条件——该公司此前已承诺投入6000亿美元推进本土制造计划。此外,这位总统还表示,将在与普京的会晤中讨论关税议题,并注意到俄方拟邀请商界领袖参会:\"我注意到他带了很多俄罗斯商人,这很好,我喜欢他们做生意的意愿。但在战争问题解决前,商业合作无从谈起。\"近期特朗普还威胁对俄罗斯能源买家加码关税,包括承诺对印度商品征收50%关税,并暗示若会谈进展不顺,可能进一步加大对俄经济施压。这一系列动作显示出其关税政策正从传统贸易领域向地缘政治博弈延伸。","news_type":1,"symbols_score_info":{"INTC":1.1,"NVDA":1.1,"AMD":1.1,"QCOM":1.1,"MU":1.1,"SMCI":1.1,"ARM":1.1,"AVGO":1.1,"TSM":1.1}},"isVote":1,"tweetType":1,"viewCount":2629,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568099945700012","authorId":"3568099945700012","name":"没有人比我更懂韭菜","avatar":"https://static.tigerbbs.com/15391474b6bf8712ad5c17ea6bad5690","crmLevel":5,"crmLevelSwitch":1,"idStr":"3568099945700012","authorIdStr":"3568099945700012"},"content":"[开心]通常意义上叫做脑残","text":"[开心]通常意义上叫做脑残","html":"[开心]通常意义上叫做脑残"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563624659347600,"gmtCreate":1778638069651,"gmtModify":1778638071887,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"空头收手吧,期权金要输了","listText":"空头收手吧,期权金要输了","text":"空头收手吧,期权金要输了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563624659347600","repostId":"1100330238","repostType":2,"repost":{"id":"1100330238","kind":"news","weMediaInfo":{"introduction":"港美股公告全覆盖","home_visible":1,"media_name":"公告速递","id":"1097772564","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"pubTimestamp":1778583446,"share":"https://www.laohu8.com/m/news/1100330238?lang=zh_CN&edition=full","pubTime":"2026-05-12 18:57","market":"us","language":"zh","title":"小米集团-W:5月12日回购317.26万股,涉资约9,999.75万港元","url":"https://stock-news.laohu8.com/highlight/detail?id=1100330238","media":"公告速递","summary":"2026年5月12日,小米集团-W发布翌日披露报表,宣布于当日在香港联交所场内回购3,172,600股B类普通股,占购回授权决议通过当日公司已发行股份总数的约0.012%。本次回购价格区间介乎每股港币31.36元至31.58元,合计耗资约9,999.75万港元。公告同时显示,2026年5月6日至5月12日期间,公司根据股份激励计划向非董事参与人累计发行新股342,560股,占2026年5月5日公司已发行股份总数的约0.0014%,发行价格介乎每股港币1.81元至2.65元。","content":"<p>2026年5月12日,小米集团-W(01810)发布翌日披露报表,宣布于当日(5月12日)在香港联交所场内回购3,172,600股B类普通股,占购回授权决议通过当日公司已发行股份(不包括库藏股)总数的约0.012%。本次回购价格区间介乎每股港币31.36元至31.58元,合计耗资约9,999.75万港元。</p>\n<p>公告同时显示,2026年5月6日至5月12日期间,公司根据股份激励计划向非董事参与人累计发行新股342,560股,占2026年5月5日公司已发行股份(不包括库藏股)总数(21,453,714,502股)的约0.0014%,发行价格介乎每股港币1.81元至2.65元。</p>\n<p>本次股份发行及回购完成后,截至2026年5月12日,小米集团-W B类普通股已发行股本增至21,454,057,062股,库藏股仍为0股。此前获批准的购回授权日期为2025年6月5日,公司可回购股份总数为2,594,916,968股,至今累计已回购379,808,000股,占授权决议通过当日已发行股份总数的1.46%。</p>\n<p>公告并确认,所有发行及回购均已获董事会正式授权,并遵守香港联交所证券上市规则及相关法律法规要求。公告由首席财务官林世伟签署。</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米集团-W:5月12日回购317.26万股,涉资约9,999.75万港元</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米集团-W:5月12日回购317.26万股,涉资约9,999.75万港元\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1097772564\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">公告速递 </p>\n<p class=\"h-time\">2026-05-12 18:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>2026年5月12日,小米集团-W(01810)发布翌日披露报表,宣布于当日(5月12日)在香港联交所场内回购3,172,600股B类普通股,占购回授权决议通过当日公司已发行股份(不包括库藏股)总数的约0.012%。本次回购价格区间介乎每股港币31.36元至31.58元,合计耗资约9,999.75万港元。</p>\n<p>公告同时显示,2026年5月6日至5月12日期间,公司根据股份激励计划向非董事参与人累计发行新股342,560股,占2026年5月5日公司已发行股份(不包括库藏股)总数(21,453,714,502股)的约0.0014%,发行价格介乎每股港币1.81元至2.65元。</p>\n<p>本次股份发行及回购完成后,截至2026年5月12日,小米集团-W B类普通股已发行股本增至21,454,057,062股,库藏股仍为0股。此前获批准的购回授权日期为2025年6月5日,公司可回购股份总数为2,594,916,968股,至今累计已回购379,808,000股,占授权决议通过当日已发行股份总数的1.46%。</p>\n<p>公告并确认,所有发行及回购均已获董事会正式授权,并遵守香港联交所证券上市规则及相关法律法规要求。公告由首席财务官林世伟签署。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100330238","content_text":"2026年5月12日,小米集团-W(01810)发布翌日披露报表,宣布于当日(5月12日)在香港联交所场内回购3,172,600股B类普通股,占购回授权决议通过当日公司已发行股份(不包括库藏股)总数的约0.012%。本次回购价格区间介乎每股港币31.36元至31.58元,合计耗资约9,999.75万港元。\n公告同时显示,2026年5月6日至5月12日期间,公司根据股份激励计划向非董事参与人累计发行新股342,560股,占2026年5月5日公司已发行股份(不包括库藏股)总数(21,453,714,502股)的约0.0014%,发行价格介乎每股港币1.81元至2.65元。\n本次股份发行及回购完成后,截至2026年5月12日,小米集团-W B类普通股已发行股本增至21,454,057,062股,库藏股仍为0股。此前获批准的购回授权日期为2025年6月5日,公司可回购股份总数为2,594,916,968股,至今累计已回购379,808,000股,占授权决议通过当日已发行股份总数的1.46%。\n公告并确认,所有发行及回购均已获董事会正式授权,并遵守香港联交所证券上市规则及相关法律法规要求。公告由首席财务官林世伟签署。","news_type":1,"symbols_score_info":{"01810":1}},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563292532592912,"gmtCreate":1778551240792,"gmtModify":1778551243214,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"看到文章末尾才知道作者是谁派来的","listText":"看到文章末尾才知道作者是谁派来的","text":"看到文章末尾才知道作者是谁派来的","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563292532592912","repostId":"2634801289","repostType":2,"repost":{"id":"2634801289","kind":"news","pubTimestamp":1778497281,"share":"https://www.laohu8.com/m/news/2634801289?lang=zh_CN&edition=full","pubTime":"2026-05-11 19:01","market":"us","language":"zh","title":"小米又胜诉!用户造谣小米汽车线束质量差被判侵权并公开道歉","url":"https://stock-news.laohu8.com/highlight/detail?id=2634801289","media":"快科技","summary":"北京互联网法院依法对该案进行审理,经核查确认,该用户所发布的“小米汽车线束质量差”相关言论与事实严重不符,其行为已构成对小米科技有限责任公司名誉权的侵害,依法需承担相应侵权责任。依据法院生效判决,该用户于2026年5月9日发布书面道歉声明,明确承认自身言论失实,并向小米科技有限责任公司正式致歉,相关道歉内容已在对应平台公开,接受公众监督。","content":"<html><body><p>快科技5月11日消息,<strong>近日,一名网络用户通过其“高手路太弯”的账号,就此前发布的“<a href=\"https://laohu8.com/S/XIACY\">小米</a>汽车线束质量差”不实言论,向<a href=\"https://laohu8.com/S/01810\">小米</a>科技有限责任公司公开致歉。</strong></p><p><strong>时间回溯至2024年12月,该用户在社交平台发布针对<a href=\"https://laohu8.com/S/81810\">小米</a>汽车线束质量的负面不实信息,相关言论未经核实便传播,对小米汽车的品牌形象造成了不良影响。</strong></p><p>对此,小米科技有限责任公司为维护自身合法权益,以侵犯名誉权为由,向法院提起诉讼。</p><p><img src=\"https://x0.ifengimg.com/res/2026/997B197339201F3F2BAAA5EA51DF410D8445D75E_size448_w600_h405.png\"/></p><p><strong>北京互联网法院依法对该案进行审理,经核查确认,该用户所发布的“小米汽车线束质量差”相关言论与事实严重不符,其行为已构成对小米科技有限责任公司名誉权的侵害,依法需承担相应侵权责任。</strong></p><p>依据法院生效判决,该用户于2026年5月9日发布书面道歉声明,<strong>明确承认自身言论失实,并向小米科技有限责任公司正式致歉,相关道歉内容已在对应平台公开,接受公众监督。</strong></p><p>据悉,此次案件从用户发布不实信息,到法院审理判决,再到用户公开道歉,全程历时约一年半。</p><p>这起案件也再次提醒,<strong>网络内容创作者及普通用户在社交媒体发表针对企业产品的批评意见时,必须基于客观事实,杜绝无依据的贬损性表述。</strong></p><p><img src=\"https://x0.ifengimg.com/res/2026/ECEABCB5F814A10613795E9E607B046546B015BD_size559_w600_h1980.jpg\"/></p><p>【本文结束】如需转载请务必注明出处:快科技</p><p>责任编辑:王一</p></body></html>","source":"fenghuang_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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#eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米又胜诉!用户造谣小米汽车线束质量差被判侵权并公开道歉\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-11 19:01 北京时间 <a href=https://tech.ifeng.com/c/8t2ripnV15l><strong>快科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>快科技5月11日消息,近日,一名网络用户通过其“高手路太弯”的账号,就此前发布的“小米汽车线束质量差”不实言论,向小米科技有限责任公司公开致歉。时间回溯至2024年12月,该用户在社交平台发布针对小米汽车线束质量的负面不实信息,相关言论未经核实便传播,对小米汽车的品牌形象造成了不良影响。对此,小米科技有限责任公司为维护自身合法权益,以侵犯名誉权为由,向法院提起诉讼。北京互联网法院依法对该案进行审理...</p>\n\n<a href=\"https://tech.ifeng.com/c/8t2ripnV15l\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","BK4550":"红杉资本持仓","BK4588":"碎股","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU0359201612.USD":"贝莱德中国基金A2","BK1610":"ETF&股票定投概念","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK1575":"同股不同权","LU1720050803.USD":"安联全方位中国股票基金","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0456827905.SGD":"JPMorgan 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INC"},"source_url":"https://tech.ifeng.com/c/8t2ripnV15l","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2634801289","content_text":"快科技5月11日消息,近日,一名网络用户通过其“高手路太弯”的账号,就此前发布的“小米汽车线束质量差”不实言论,向小米科技有限责任公司公开致歉。时间回溯至2024年12月,该用户在社交平台发布针对小米汽车线束质量的负面不实信息,相关言论未经核实便传播,对小米汽车的品牌形象造成了不良影响。对此,小米科技有限责任公司为维护自身合法权益,以侵犯名誉权为由,向法院提起诉讼。北京互联网法院依法对该案进行审理,经核查确认,该用户所发布的“小米汽车线束质量差”相关言论与事实严重不符,其行为已构成对小米科技有限责任公司名誉权的侵害,依法需承担相应侵权责任。依据法院生效判决,该用户于2026年5月9日发布书面道歉声明,明确承认自身言论失实,并向小米科技有限责任公司正式致歉,相关道歉内容已在对应平台公开,接受公众监督。据悉,此次案件从用户发布不实信息,到法院审理判决,再到用户公开道歉,全程历时约一年半。这起案件也再次提醒,网络内容创作者及普通用户在社交媒体发表针对企业产品的批评意见时,必须基于客观事实,杜绝无依据的贬损性表述。【本文结束】如需转载请务必注明出处:快科技责任编辑:王一","news_type":1,"symbols_score_info":{"81810":0.6,"01810":1.91,"MIUmain":0.6,"HXXD.SI":0.6,"XIACY":1.91}},"isVote":1,"tweetType":1,"viewCount":204,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546777555986512,"gmtCreate":1774514173699,"gmtModify":1774514176459,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"就剩格力没接了,要不要拉一把?","listText":"就剩格力没接了,要不要拉一把?","text":"就剩格力没接了,要不要拉一把?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546777555986512","repostId":"2622880232","repostType":2,"repost":{"id":"2622880232","kind":"news","pubTimestamp":1774488960,"share":"https://www.laohu8.com/m/news/2622880232?lang=zh_CN&edition=full","pubTime":"2026-03-26 09:36","market":"us","language":"zh","title":"小米官宣LG家电接入米家APP!支持小米澎湃智联","url":"https://stock-news.laohu8.com/highlight/detail?id=2622880232","media":"CNMO科技","summary":"近日,小米官方正式宣布:LG旗下洗衣机、烘干机、冰箱等产品已开始接入米家生态,支持小米澎湃智联与超级小爱语音控制。LG并非首个接入米家的国际家电品牌。这一趋势显示,小米米家开放生态正吸引越来越多的主流家电品牌加入。据悉,米家APP是小米智能家庭的核心管理平台,截至2026年,小米全球AIoT连接设备数已突破10亿台,覆盖超过200个产品品类。","content":"<html><body><p>【CNMO科技消息】近日,<a href=\"https://laohu8.com/S/XIACY\">小米</a>官方正式宣布:LG旗下洗衣机、烘干机、冰箱等产品已开始接入米家生态,支持<a href=\"https://laohu8.com/S/01810\">小米</a>澎湃智联与超级小爱语音控制。</p><p><img src=\"https://x0.ifengimg.com/res/2026/FD04DFB9B3A49EF88464ED79DDB344275AEE2F69_size154_w524_h303.png\"/></p><p>LG并非首个接入米家的国际家电品牌。CNMO了解到,近期已有博世冰箱、博世洗衣机、博世干衣机、博世洗碗机、<a href=\"https://laohu8.com/S/SIEGY\">西门子</a>洗烘产品、西门子冰箱、西门子洗碗机、西门子厨房家电以及<a href=\"https://laohu8.com/S/603486\">科沃斯</a>地宝N50扫拖机器人等产品接入米家App。这一趋势显示,<a href=\"https://laohu8.com/S/81810\">小米</a>米家开放生态正吸引越来越多的主流家电品牌加入。通过小米澎湃智联技术,不同品牌的智能设备可以实现互联互通,打破了过去智能家居“各自为政”的壁垒。</p><p><img src=\"https://x0.ifengimg.com/res/2026/2F554E6AE970C0A508DB04522B57FA93B490CDEE_size255_w523_h673.png\"/></p><p>值得一提的是,在刚刚落幕的AWE2026(中国家电及消费电子博览会)上,LG电子以“双馆联动”形式参展,展示了多款高端家电产品。其中,LG WashTower洗烘塔采用一体式扁平化设计,拥有20kg大容量和先进的AI洗烘技术,通过AI智能传感可自动检测衣物重量、材质和脏污程度,匹配6种洗涤动作。</p><p><img src=\"https://x0.ifengimg.com/res/2026/BC3D05BC04FE8C1A803C6D5A5A00E57A3834490A_size186_w557_h441.png\"/></p><p>据悉,米家APP是小米智能家庭的核心管理平台,截至2026年,小米全球AIoT连接设备数已突破10亿台,覆盖超过200个产品品类。用户可以通过米家APP完成以下操作:</p><p>设备控制:一个APP随时随地控制家中所有智能设备</p><p>智能场景:按照自己的使用习惯,设置个性化的智能场景</p><p>语音控制:通过超级小爱实现声控家电</p><p>设备分享:将设备分享给家人朋友,共同享受智能生活</p></body></html>","source":"fenghuang_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" 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0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米官宣LG家电接入米家APP!支持小米澎湃智联\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-26 09:36 北京时间 <a href=https://tech.ifeng.com/c/8rnqTNrFgQk><strong>CNMO科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>【CNMO科技消息】近日,小米官方正式宣布:LG旗下洗衣机、烘干机、冰箱等产品已开始接入米家生态,支持小米澎湃智联与超级小爱语音控制。LG并非首个接入米家的国际家电品牌。CNMO了解到,近期已有博世冰箱、博世洗衣机、博世干衣机、博世洗碗机、西门子洗烘产品、西门子冰箱、西门子洗碗机、西门子厨房家电以及科沃斯地宝N50扫拖机器人等产品接入米家App。这一趋势显示,小米米家开放生态正吸引越来越多的主流...</p>\n\n<a href=\"https://tech.ifeng.com/c/8rnqTNrFgQk\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","01810":"小米集团-W","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","LU0594300419.USD":"富达中国消费基金A","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","LU0650527681.SGD":"Fidelity China Consumer A-SGD","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) 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ACC"},"source_url":"https://tech.ifeng.com/c/8rnqTNrFgQk","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2622880232","content_text":"【CNMO科技消息】近日,小米官方正式宣布:LG旗下洗衣机、烘干机、冰箱等产品已开始接入米家生态,支持小米澎湃智联与超级小爱语音控制。LG并非首个接入米家的国际家电品牌。CNMO了解到,近期已有博世冰箱、博世洗衣机、博世干衣机、博世洗碗机、西门子洗烘产品、西门子冰箱、西门子洗碗机、西门子厨房家电以及科沃斯地宝N50扫拖机器人等产品接入米家App。这一趋势显示,小米米家开放生态正吸引越来越多的主流家电品牌加入。通过小米澎湃智联技术,不同品牌的智能设备可以实现互联互通,打破了过去智能家居“各自为政”的壁垒。值得一提的是,在刚刚落幕的AWE2026(中国家电及消费电子博览会)上,LG电子以“双馆联动”形式参展,展示了多款高端家电产品。其中,LG WashTower洗烘塔采用一体式扁平化设计,拥有20kg大容量和先进的AI洗烘技术,通过AI智能传感可自动检测衣物重量、材质和脏污程度,匹配6种洗涤动作。据悉,米家APP是小米智能家庭的核心管理平台,截至2026年,小米全球AIoT连接设备数已突破10亿台,覆盖超过200个产品品类。用户可以通过米家APP完成以下操作:设备控制:一个APP随时随地控制家中所有智能设备智能场景:按照自己的使用习惯,设置个性化的智能场景语音控制:通过超级小爱实现声控家电设备分享:将设备分享给家人朋友,共同享受智能生活","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"01810":1.95,"MIUmain":0.6,"XIACY":1.95}},"isVote":1,"tweetType":1,"viewCount":415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546194910229384,"gmtCreate":1774357726975,"gmtModify":1774357729663,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"这业绩还震不住空头啊?那就融券被回购吧,获利盘已经很少,愿意受影响割肉的也不会多","listText":"这业绩还震不住空头啊?那就融券被回购吧,获利盘已经很少,愿意受影响割肉的也不会多","text":"这业绩还震不住空头啊?那就融券被回购吧,获利盘已经很少,愿意受影响割肉的也不会多","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546194910229384","repostId":"1106888162","repostType":2,"repost":{"id":"1106888162","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1774344430,"share":"https://www.laohu8.com/m/news/1106888162?lang=zh_CN&edition=full","pubTime":"2026-03-24 17:27","market":"hk","language":"zh","title":"小米Q4营收1169亿元,创历史新高!汽车及AI创新业务全年营收同比大增223.8%","url":"https://stock-news.laohu8.com/highlight/detail?id=1106888162","media":"老虎资讯综合","summary":"小米集团全年营收4572.9亿元,预估4607.9亿元;调整后净利润391.7亿元,预估391.2亿元>>","content":"<html><head></head><body><p>3月24日,小米集团发布2025年第四季度及全年业绩。财报显示,第四季度营收1169亿元,创上市以来新高。集团毛利率20.8%,同比小幅提升。同期小米研发投入96亿元,同比增长29.1%,创历史新高。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1cd9e052347077e598521acf2dbdee61\" title=\"\" tg-width=\"1089\" tg-height=\"441\"/></p><p>财报显示,小米集团全年营收4572.9亿元,预估4607.9亿元;调整后净利润391.7亿元,预估391.2亿元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9034f76d9491482346624c0bb08d4e25\" title=\"\" tg-width=\"1101\" tg-height=\"366\"/></p><p>2025年,“手机×AIoT”分部收入为人民币3,512亿元,同比增长5.4%;“智能电动汽车及AI等创新业务”分部收入为人民币1,061亿元,同比增长223.8%。</p><p>2025年共交付411,082辆新车,交付量同比增长200.4%。2025年第四季度,共交付145,115辆新车,交付量同比增长108.2%。2025年,在中国大陆地区销售价人民币20万元以上的轿车中,Xiaomi SU 7系列销量排名第一;截至2026年2月,Xiaomi YU 7系列达成连续7个月在中国大陆地区中大型SUV销量排名第一。2026年,将全力冲刺交付55万辆小米汽车的目标。</p><p>2025年,公司研发开支达到人民币331亿元,同比增长37.8%。截至2025年12月31日,研发人员数创历史新高,达25,457人。此外,公司预估自2026年开始,未来五年累计研发开支将超过人民币2,000亿元。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米Q4营收1169亿元,创历史新高!汽车及AI创新业务全年营收同比大增223.8%</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米Q4营收1169亿元,创历史新高!汽车及AI创新业务全年营收同比大增223.8%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-03-24 17:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>3月24日,小米集团发布2025年第四季度及全年业绩。财报显示,第四季度营收1169亿元,创上市以来新高。集团毛利率20.8%,同比小幅提升。同期小米研发投入96亿元,同比增长29.1%,创历史新高。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1cd9e052347077e598521acf2dbdee61\" title=\"\" tg-width=\"1089\" tg-height=\"441\"/></p><p>财报显示,小米集团全年营收4572.9亿元,预估4607.9亿元;调整后净利润391.7亿元,预估391.2亿元。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9034f76d9491482346624c0bb08d4e25\" title=\"\" tg-width=\"1101\" tg-height=\"366\"/></p><p>2025年,“手机×AIoT”分部收入为人民币3,512亿元,同比增长5.4%;“智能电动汽车及AI等创新业务”分部收入为人民币1,061亿元,同比增长223.8%。</p><p>2025年共交付411,082辆新车,交付量同比增长200.4%。2025年第四季度,共交付145,115辆新车,交付量同比增长108.2%。2025年,在中国大陆地区销售价人民币20万元以上的轿车中,Xiaomi SU 7系列销量排名第一;截至2026年2月,Xiaomi YU 7系列达成连续7个月在中国大陆地区中大型SUV销量排名第一。2026年,将全力冲刺交付55万辆小米汽车的目标。</p><p>2025年,公司研发开支达到人民币331亿元,同比增长37.8%。截至2025年12月31日,研发人员数创历史新高,达25,457人。此外,公司预估自2026年开始,未来五年累计研发开支将超过人民币2,000亿元。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/99b330c7a5fe2b62c4d008bd67f85ddd","relate_stocks":{"XIACY":"小米集团ADR","01810":"小米集团-W"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106888162","content_text":"3月24日,小米集团发布2025年第四季度及全年业绩。财报显示,第四季度营收1169亿元,创上市以来新高。集团毛利率20.8%,同比小幅提升。同期小米研发投入96亿元,同比增长29.1%,创历史新高。财报显示,小米集团全年营收4572.9亿元,预估4607.9亿元;调整后净利润391.7亿元,预估391.2亿元。2025年,“手机×AIoT”分部收入为人民币3,512亿元,同比增长5.4%;“智能电动汽车及AI等创新业务”分部收入为人民币1,061亿元,同比增长223.8%。2025年共交付411,082辆新车,交付量同比增长200.4%。2025年第四季度,共交付145,115辆新车,交付量同比增长108.2%。2025年,在中国大陆地区销售价人民币20万元以上的轿车中,Xiaomi SU 7系列销量排名第一;截至2026年2月,Xiaomi YU 7系列达成连续7个月在中国大陆地区中大型SUV销量排名第一。2026年,将全力冲刺交付55万辆小米汽车的目标。2025年,公司研发开支达到人民币331亿元,同比增长37.8%。截至2025年12月31日,研发人员数创历史新高,达25,457人。此外,公司预估自2026年开始,未来五年累计研发开支将超过人民币2,000亿元。","news_type":1,"symbols_score_info":{"XIACY":2,"01810":2}},"isVote":1,"tweetType":1,"viewCount":548,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546018080646664,"gmtCreate":1774314592202,"gmtModify":1774314594517,"author":{"id":"4201727578330582","authorId":"4201727578330582","name":"看看我的钱","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4201727578330582","authorIdStr":"4201727578330582"},"themes":[],"title":"","htmlText":"小米电器远程控制确实方便","listText":"小米电器远程控制确实方便","text":"小米电器远程控制确实方便","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546018080646664","repostId":"2621051397","repostType":2,"repost":{"id":"2621051397","kind":"news","pubTimestamp":1774266600,"share":"https://www.laohu8.com/m/news/2621051397?lang=zh_CN&edition=full","pubTime":"2026-03-23 19:50","market":"sg","language":"zh","title":"小米,正在敲响美的、格力、海尔的警钟","url":"https://stock-news.laohu8.com/highlight/detail?id=2621051397","media":"亿欧网","summary":"小米大家电悄然成为“主角”誓要踢掉美的、格力其中一家?小米大家电的增长势头已引起对手们的“警觉”。2025年8月,格力电器市场总监朱磊在微博发文,反击“小米空调线上份额超越格力”的说法。尽管称“小米空调超越格力”言之尚早,但不可否认的是,以空调为代表的小米大家电,正在打破由美的、格力、海尔等传统家电龙头构筑的竞争格局。","content":"<html><body><div>\n<div><img cms-height=\"297.031\" cms-width=\"578\" src=\"http://n.sinaimg.cn/spider20260323/35/w1080h555/20260323/c50c-b401cace630ac5e290c159b8cc5c0d89.jpg\"/><span></span></div><p cms-style=\"font-L\">打穿行业,重新洗牌</p><p cms-style=\"font-L align-right\">作者丨王圆磊</p><p cms-style=\"font-L\">喊话美的、对战格力......<a href=\"https://laohu8.com/S/XIACY\">小米</a>对“老大哥们”拳打脚踢。</p><p cms-style=\"font-L\">传统家电巨头们积极迎战<a href=\"https://laohu8.com/S/01810\">小米</a>。“没想到老大哥们对<a href=\"https://laohu8.com/S/81810\">小米</a>这么重视,下起手来还非常重。”2025年8月,小米集团总裁卢伟冰称。</p><p cms-style=\"font-L\">在中国众多科技企业中,小米称得上是一朵奇葩,创始人IP与公司高度绑定,在核心业务手机取得巨大的商业成绩后,又成功开辟出智能网联汽车第二增长曲线,并打破全球汽车工业增长纪录。</p><p cms-style=\"font-L\">尤其值得一提的是,近两年大家电业务也开始“起飞”。</p><p cms-style=\"font-L\">在传统家电厂商都在苦战之际,小米大家电轻轻松松便完成了增长KPI,实现了量价齐升,表现出的“松弛感”值得分析。</p><div><img cms-height=\"59.9844\" cms-width=\"661\" src=\"http://n.sinaimg.cn/spider20260323/378/w1080h98/20260323/21d6-4f6c036c7160478c2d1cea05f4081c98.jpg\"/><span></span></div><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">小米大家电悄然成为“主角”</font></p><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">誓要踢掉美的、格力其中一家?</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">小米是极少数在家电行业大盘下行情况下实现逆势增长的企业</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">先来看大盘。虽然有智能家电的推动,但受消费信心偏弱、房地产市场调整等诸多因素影响,总体上家电市场依然连年承压,且至今仍未出现扭转迹象。</p><p cms-style=\"font-L\">全国家用电器工业信息中心数据显示,2025年中国家电内销市场规模为8461亿元,同比下降0.1%。</p><p cms-style=\"font-L\">相比于内销市场,出口压力明显更大。海关总署数据显示,2025年全年家电出口额6888.5亿元,同比下降3.9%。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">反映在企业上,</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">行业两级分化已愈发明显——</font><font cms-style=\"font-L strong-Bold color210\">行业TOP级玩家尚能支撑,但行业中腰部及以下阵营大多数深陷泥潭。但即使这样,家电龙头们的日子也压力山大</font><font cms-style=\"font-L\">。</font></font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">以<span><a href=\"https://laohu8.com/S/600690\">海尔智家</a></span><span></span>为例,</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">2024年上半年,<a href=\"https://laohu8.com/S/06690\">海尔智家</a>归母净利润104.2亿元,同比增长16.3%。到了2025年上半年,海尔智家归母净利润为120.33亿元,同比增长已降至15.6%。</font></font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/000651\">格力电器</a></span><span></span>也是类似表现,2024年上半年,格力电器</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">归母净利润141.36亿元,同比增长11.54%。</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">2025年上半年,格力电器归母净利润为144.12亿元,仅同比增长1.95%。</font></font></font></p><p cms-style=\"font-L\">与老牌厂商相比,小米大家电业务起步较晚,且在集团内部并不如手机、汽车等亮眼,甚至在外界看来,小米大家电远不如后两者更有想象力。</p><p cms-style=\"font-L\">和外界感知形成巨大反差的是,从增速上看,小米大家电业务增速甚至超过了小米手机。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">具体到财务数据上,</font><font cms-style=\"font-L strong-Bold color210\">2025年上半年,小米智能大家电收入创历史新高,同比增长78.1%</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">其中,空调产品出货量超过680万台,同比增速超过60%。冰箱产品出货量超160万台,同比增速超过40%。洗衣机产品出货量超130万台,同比增速超过70%。</p><p cms-style=\"font-L\">“冰空洗”三大“白电”产品增速非常可观,这也直接推动了小米IoT与生活消费产品板块业务的增长。2025年上半年,该业务板块收入增长至711亿元,较2024年上半年的471亿元,同比大幅增加50.96%。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">小米大家电的增长势头已引起对手们的“警觉”。</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">格力是反抗最强烈的品牌之一。</font></font></p><p cms-style=\"font-L\">2025年8月,格力电器市场总监朱磊在微博发文,反击“小米空调线上份额超越格力”的说法。多方进行了反复拉扯。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">尽管称“小米空调超越格力”言之尚早,但不可否认的是,以空调为代表的小米大家电,正在打破由美的、格力、海尔等传统家电龙头构筑的竞争格局</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">众所周知,小米在打造畅销产品上颇有经验。首先精准切入市场空缺价位段,再通过互联网营销,依靠产品超高颜值,号召庞大的“米粉”群体,趁机以低价占领市场,迅速拉升产品销量。</p><p cms-style=\"font-L\">值得一提的是,小米智能家电工厂的投产,又将极大地提升小米的“战斗力”。小米自建工厂后,将补齐最后一块生产短板,完整打通“设计、研发、生产、验证”闭环。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">此时,</font><font cms-style=\"font-L\">小米的战略将从“量变走向质变”,即完成市占率的抢攻后,逐渐开始用户和产品的分层,走向高端化</font><font cms-style=\"font-L\">。</font></p><div><img cms-height=\"282.156\" cms-width=\"661\" src=\"http://n.sinaimg.cn/spider20260323/741/w1080h461/20260323/9e8c-140edaae8038bf08b8dbfe8cc939b905.jpg\"/><span>小米智能家电工厂,每6.5秒下线一台空调</span></div><p cms-style=\"font-L\"><font cms-style=\"font-L\">2025年10月,在小米智能家电工厂投产仪式上,卢伟冰称,</font><font cms-style=\"font-L strong-Bold color210\">未来五年小米大家电业务将冲刺千亿规模,到2030年空调业务目标在中国市场数一数二</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\">小米战书已下。目前,</font><font cms-style=\"font-L strong-Bold\">中国空调市场头两把交椅属于美的、格力</font><font cms-style=\"font-L\">,这就意味着,</font><font cms-style=\"font-L strong-Bold\">其中一家将被小米踢掉</font><font cms-style=\"font-L\">。</font></p><div><img cms-height=\"61.4375\" cms-width=\"677\" src=\"http://n.sinaimg.cn/spider20260323/378/w1080h98/20260323/21d6-4f6c036c7160478c2d1cea05f4081c98.jpg\"/><span></span></div><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">背靠生态</font></p><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">小米抢攻巨头硬核阵地</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\">除了增速以外,高端化是小米大家电的一大看点。此前,小米大家电部总经理单联瑜曾表示,</font><font cms-style=\"font-L strong-Bold color210\">高端化意味着能力建设,怎么让产品看上去贵有贵的道理,它值这个钱,这是小米一定要做的事情</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">亿欧认为,高端至少要具备四层要素,首先是</font></font><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">智能化</font><font cms-style=\"font-L\">,这也是与传统家电根本区别所在。二是</font><font cms-style=\"font-L strong-Bold\">品质可控</font><font cms-style=\"font-L\">,企业要拥有自主可控的全链路控制能力。三是影响</font><font cms-style=\"font-L strong-Bold\">用户心智</font><font cms-style=\"font-L\">,打造高端品牌形象。最终,将</font><font cms-style=\"font-L strong-Bold\">体现在价格上</font><font cms-style=\"font-L\">,定价是产品竞争力的直观体现。</font></font></p><p cms-style=\"font-L\">高端化的战略价值显而易见。拥有更高的品牌溢价和毛利率,可直接改善利润结构,摆脱低端的价格战泥潭。更重要的是,只有占据高端市场,企业才有资格参与行业标准的制定,从“跟随者”成为“引领者”。</p><p cms-style=\"font-L\">在大家电高端化方面,小米与美的、海尔等传统厂商的实现路径有所不同,传统巨头主要依靠深耕多年的渠道与品牌优势。</p><p cms-style=\"font-L\">比如海尔卡萨帝,经过二十年深耕积累了强大的品牌认知。GfK中怡康数据显示,2025年10月,卡萨帝冰箱、洗衣机在1万以上价位段市占率分别达43%、76%,空调在1.5万以上价位段份额达60.8%。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">小米在实现家电高端化上,重要一招便是</font><font cms-style=\"font-L strong-Bold\">打造AI家电,通过AI介入家电智能化,重构高端生活体验</font><font cms-style=\"font-L\">。眼下,肉眼可见的趋势是,AI正在助推家电行业从产品竞争迈向生态竞争。</font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\">毫无疑问,</font><font cms-style=\"font-L strong-Bold color210\">在生态这片阵地上,这是小米的主场</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">长期以来,“生态”“平台”都是商业世界中被频繁提及的“性感”词汇,大公司都在拼命打造生态,也都声称自己是平台型企业。</p><p cms-style=\"font-L\">但现实是,真正具备生态能力的企业少之又少。</p><p cms-style=\"font-L\">大约十年前,贾跃亭向公众描述一个又一个庞大的乐视生态故事,电视、手机、汽车、体育、影视……每一个业务都让人“热泪盈眶”。然而,靠概念驱动、靠资本喂养的乐视生态终究未能迎来<a href=\"https://laohu8.com/S/600303\">曙光</a>。</p><p cms-style=\"font-L\">雷军要比贾跃亭技高一筹,小米凭借在供应链上的话语权、渠道和品牌优势,以最原始的做生意的逻辑,帮助生态链企业迅速做大,数百家公司组成了一张庞大的生态网。</p><p cms-style=\"font-L\">商业世界从不缺少后来者,在小米之后,追觅科技凭借技术复利疯狂扩张,创始人俞浩声称要当世界首富,追觅科技要成为人类历史上第一家百万亿美元企业。</p><p cms-style=\"font-L\">从乐视到小米再到追觅,演绎了中国科技企业构建生态的升级路径:从资本到产品,再到技术。当然,这是个略显复杂的研究对象,本文不再展开。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">要明确的是,</font><font cms-style=\"font-L strong-Bold color210\">小米是目前极少数生态能力最强的科技企业之一,已<a href=\"https://laohu8.com/S/01630\">建成</a>全球最大的消费级物联网平台</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">而大家电,正是小米“人、车、家生态”战略中极其重要的一环。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">据卢伟冰介绍,</font><font cms-style=\"font-L strong-Bold\">截至2025年底,小米全球月活用户达到7.42亿,AIoT平台连接设备数达10.4亿,硬件合作伙伴数量突破1.5万家</font><font cms-style=\"font-L\">。</font></p><p cms-style=\"font-L\">以生态联动智能,实现人、车、家的互联互通,从而提升大家电的高端化、智能化体验,小米已逐渐探索出新路子。</p><div><img cms-height=\"59.9844\" cms-width=\"661\" src=\"http://n.sinaimg.cn/spider20260323/378/w1080h98/20260323/21d6-4f6c036c7160478c2d1cea05f4081c98.jpg\"/><span></span></div><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">打通“最后一公里”</font></p><p cms-style=\"font-L align-Center\"><font cms-style=\"font-L strong-Bold align-Center color210\">行业亟需破壁者</font></p><p cms-style=\"font-L\">对于用户来说,智能化是选择家电产品的一大指标。要在一个平台上操作不同设备,更便捷省事、更节能省电、更绿色环保、更好满足个性化需求,这些都需要企业持续攻关,要求品牌以生态思维打造全屋智能。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">全屋智能并非新话题,亿欧认为,其核心是让设备具备主动感知的能力,实现“无感化”的智能体验。至少要具备三大能力,一是</font><font cms-style=\"font-L strong-Bold\">设备间的无缝互联</font><font cms-style=\"font-L\">,打破品牌壁垒。二是</font><font cms-style=\"font-L strong-Bold\">AI技术深度介入</font><font cms-style=\"font-L\">。三是</font><font cms-style=\"font-L strong-Bold\">场景化、生态化的整体解决方</font><font cms-style=\"font-L\">案,而非单品的堆砌。</font></p><p cms-style=\"font-L\">但现实情况是,要实现这个目标绝非易事。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">突出问题便是协议碎片化</font><font cms-style=\"font-L\">。表面上看,美的、海尔等企业都声称能提供全套解决方案,但都存在缺陷。传统集成方案通常支持单一协议类型,用户使用不同品牌产品需要多个控制中枢,要在不同设备间切换才能体验到“手搓版”智能化。</font></p><p cms-style=\"font-L\">每家企业都希望用户使用自己的产品,存在“障碍”便在情理之中,真正实现互联互通注定是一条漫长的路。企业各怀心思,在技术、行标等方面都需要进一步努力。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">相比而言,</font><font cms-style=\"font-L strong-Bold color210\">小米的优势在于更丰富的产品线</font><font cms-style=\"font-L\">,智能手机、智能汽车、“冰空洗”科技家电,以及各类智能硬件产品,组成了庞大的生态链。AIoT平台连接的10.4亿设备,覆盖200多个产品,可实现跨品类的无缝协同。</font></p><p cms-style=\"font-L\">这正是传统家电品牌在短期内难以企及的优势。</p><p cms-style=\"font-L\">当然,小米大家电产品并非没有短板。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\">一方面,小米大家电主要</font><font cms-style=\"font-L\">依赖线上和小米之家,</font><font cms-style=\"font-L strong-Bold\">线下场景渗透率有待进一步提高</font><font cms-style=\"font-L\">。再者,</font><font cms-style=\"font-L strong-Bold\">售后体系仍需持续完善。</font><font cms-style=\"font-L\">这也是小米需要重点“补课”的。</font></p><p cms-style=\"font-L\">更关键的是,在打造高端品牌形象上,海尔、美的、<a href=\"https://laohu8.com/S/01070\">TCL</a>、海信等拥有更加深厚的技术和品牌积累,小米要占领高端市场显然无法一蹴而就。</p><p cms-style=\"font-L\">过去,消费者对小米的认知普遍是“性价比”,很难将小米空调、小米洗衣机和“高端”联系在一起。如前文所述,价格是最直观的体现。以3匹家用立式空调为例,小米售价约5千元,而海尔卡萨帝则售价1万元以上。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">如何扭转消费者认知,让外界认为小米大家电也是高端品牌、高端产品,这是小米要做的事</font><font cms-style=\"font-L\">。当然,这需要小米踏实钻研技术,实实在在提升产品质量。</font></p><p cms-style=\"font-L\">从“轻资产”到“重制造”,从“性价比”到冲刺“高端化”,从布局国内到走向海外,小米大家电用互联网思维改造传统渠道,成为中国制造业升级的一个典型案例。</p><p cms-style=\"font-L\">无论如何,小米都将成为家电行业转型期值得观察的样本,对于传统家电巨头们来说都是值得警惕的事。</p>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读,尽在新浪财经APP</div>\n</div>\n</div></body></html>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>小米,正在敲响美的、格力、海尔的警钟</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米,正在敲响美的、格力、海尔的警钟\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-23 19:50 北京时间 <a href=https://finance.sina.com.cn/stock/relnews/hk/2026-03-23/doc-inhrysxr4031917.shtml><strong>亿欧网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>打穿行业,重新洗牌作者丨王圆磊喊话美的、对战格力......小米对“老大哥们”拳打脚踢。传统家电巨头们积极迎战小米。“没想到老大哥们对小米这么重视,下起手来还非常重。”2025年8月,小米集团总裁卢伟冰称。在中国众多科技企业中,小米称得上是一朵奇葩,创始人IP与公司高度绑定,在核心业务手机取得巨大的商业成绩后,又成功开辟出智能网联汽车第二增长曲线,并打破全球汽车工业增长纪录。尤其值得一提的是,...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/relnews/hk/2026-03-23/doc-inhrysxr4031917.shtml\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU0326950275.SGD":"Schroder ISF China Opportunities A Acc SGD-H","LU0449509016.USD":"HSBC GIF BRIC EQUITY \"AC\" (USD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU0700851271.USD":"NINETY ONE GSF EMERGING MARKETS MULTI-ASSET \"A\" (USD) ACC","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0594300179.USD":"FIDELITY CHINA CONSUMER \"A\" (USD) ACC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU1781817850.SGD":"Blackrock Systematic China A-Share Opportunities A2 SGD-H","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) 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(dist)"},"source_url":"https://finance.sina.com.cn/stock/relnews/hk/2026-03-23/doc-inhrysxr4031917.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2621051397","content_text":"打穿行业,重新洗牌作者丨王圆磊喊话美的、对战格力......小米对“老大哥们”拳打脚踢。传统家电巨头们积极迎战小米。“没想到老大哥们对小米这么重视,下起手来还非常重。”2025年8月,小米集团总裁卢伟冰称。在中国众多科技企业中,小米称得上是一朵奇葩,创始人IP与公司高度绑定,在核心业务手机取得巨大的商业成绩后,又成功开辟出智能网联汽车第二增长曲线,并打破全球汽车工业增长纪录。尤其值得一提的是,近两年大家电业务也开始“起飞”。在传统家电厂商都在苦战之际,小米大家电轻轻松松便完成了增长KPI,实现了量价齐升,表现出的“松弛感”值得分析。小米大家电悄然成为“主角”誓要踢掉美的、格力其中一家?小米是极少数在家电行业大盘下行情况下实现逆势增长的企业。先来看大盘。虽然有智能家电的推动,但受消费信心偏弱、房地产市场调整等诸多因素影响,总体上家电市场依然连年承压,且至今仍未出现扭转迹象。全国家用电器工业信息中心数据显示,2025年中国家电内销市场规模为8461亿元,同比下降0.1%。相比于内销市场,出口压力明显更大。海关总署数据显示,2025年全年家电出口额6888.5亿元,同比下降3.9%。反映在企业上,行业两级分化已愈发明显——行业TOP级玩家尚能支撑,但行业中腰部及以下阵营大多数深陷泥潭。但即使这样,家电龙头们的日子也压力山大。以海尔智家为例,2024年上半年,海尔智家归母净利润104.2亿元,同比增长16.3%。到了2025年上半年,海尔智家归母净利润为120.33亿元,同比增长已降至15.6%。格力电器也是类似表现,2024年上半年,格力电器归母净利润141.36亿元,同比增长11.54%。2025年上半年,格力电器归母净利润为144.12亿元,仅同比增长1.95%。与老牌厂商相比,小米大家电业务起步较晚,且在集团内部并不如手机、汽车等亮眼,甚至在外界看来,小米大家电远不如后两者更有想象力。和外界感知形成巨大反差的是,从增速上看,小米大家电业务增速甚至超过了小米手机。具体到财务数据上,2025年上半年,小米智能大家电收入创历史新高,同比增长78.1%。其中,空调产品出货量超过680万台,同比增速超过60%。冰箱产品出货量超160万台,同比增速超过40%。洗衣机产品出货量超130万台,同比增速超过70%。“冰空洗”三大“白电”产品增速非常可观,这也直接推动了小米IoT与生活消费产品板块业务的增长。2025年上半年,该业务板块收入增长至711亿元,较2024年上半年的471亿元,同比大幅增加50.96%。小米大家电的增长势头已引起对手们的“警觉”。格力是反抗最强烈的品牌之一。2025年8月,格力电器市场总监朱磊在微博发文,反击“小米空调线上份额超越格力”的说法。多方进行了反复拉扯。尽管称“小米空调超越格力”言之尚早,但不可否认的是,以空调为代表的小米大家电,正在打破由美的、格力、海尔等传统家电龙头构筑的竞争格局。众所周知,小米在打造畅销产品上颇有经验。首先精准切入市场空缺价位段,再通过互联网营销,依靠产品超高颜值,号召庞大的“米粉”群体,趁机以低价占领市场,迅速拉升产品销量。值得一提的是,小米智能家电工厂的投产,又将极大地提升小米的“战斗力”。小米自建工厂后,将补齐最后一块生产短板,完整打通“设计、研发、生产、验证”闭环。此时,小米的战略将从“量变走向质变”,即完成市占率的抢攻后,逐渐开始用户和产品的分层,走向高端化。小米智能家电工厂,每6.5秒下线一台空调2025年10月,在小米智能家电工厂投产仪式上,卢伟冰称,未来五年小米大家电业务将冲刺千亿规模,到2030年空调业务目标在中国市场数一数二。小米战书已下。目前,中国空调市场头两把交椅属于美的、格力,这就意味着,其中一家将被小米踢掉。背靠生态小米抢攻巨头硬核阵地除了增速以外,高端化是小米大家电的一大看点。此前,小米大家电部总经理单联瑜曾表示,高端化意味着能力建设,怎么让产品看上去贵有贵的道理,它值这个钱,这是小米一定要做的事情。亿欧认为,高端至少要具备四层要素,首先是智能化,这也是与传统家电根本区别所在。二是品质可控,企业要拥有自主可控的全链路控制能力。三是影响用户心智,打造高端品牌形象。最终,将体现在价格上,定价是产品竞争力的直观体现。高端化的战略价值显而易见。拥有更高的品牌溢价和毛利率,可直接改善利润结构,摆脱低端的价格战泥潭。更重要的是,只有占据高端市场,企业才有资格参与行业标准的制定,从“跟随者”成为“引领者”。在大家电高端化方面,小米与美的、海尔等传统厂商的实现路径有所不同,传统巨头主要依靠深耕多年的渠道与品牌优势。比如海尔卡萨帝,经过二十年深耕积累了强大的品牌认知。GfK中怡康数据显示,2025年10月,卡萨帝冰箱、洗衣机在1万以上价位段市占率分别达43%、76%,空调在1.5万以上价位段份额达60.8%。小米在实现家电高端化上,重要一招便是打造AI家电,通过AI介入家电智能化,重构高端生活体验。眼下,肉眼可见的趋势是,AI正在助推家电行业从产品竞争迈向生态竞争。毫无疑问,在生态这片阵地上,这是小米的主场。长期以来,“生态”“平台”都是商业世界中被频繁提及的“性感”词汇,大公司都在拼命打造生态,也都声称自己是平台型企业。但现实是,真正具备生态能力的企业少之又少。大约十年前,贾跃亭向公众描述一个又一个庞大的乐视生态故事,电视、手机、汽车、体育、影视……每一个业务都让人“热泪盈眶”。然而,靠概念驱动、靠资本喂养的乐视生态终究未能迎来曙光。雷军要比贾跃亭技高一筹,小米凭借在供应链上的话语权、渠道和品牌优势,以最原始的做生意的逻辑,帮助生态链企业迅速做大,数百家公司组成了一张庞大的生态网。商业世界从不缺少后来者,在小米之后,追觅科技凭借技术复利疯狂扩张,创始人俞浩声称要当世界首富,追觅科技要成为人类历史上第一家百万亿美元企业。从乐视到小米再到追觅,演绎了中国科技企业构建生态的升级路径:从资本到产品,再到技术。当然,这是个略显复杂的研究对象,本文不再展开。要明确的是,小米是目前极少数生态能力最强的科技企业之一,已建成全球最大的消费级物联网平台。而大家电,正是小米“人、车、家生态”战略中极其重要的一环。据卢伟冰介绍,截至2025年底,小米全球月活用户达到7.42亿,AIoT平台连接设备数达10.4亿,硬件合作伙伴数量突破1.5万家。以生态联动智能,实现人、车、家的互联互通,从而提升大家电的高端化、智能化体验,小米已逐渐探索出新路子。打通“最后一公里”行业亟需破壁者对于用户来说,智能化是选择家电产品的一大指标。要在一个平台上操作不同设备,更便捷省事、更节能省电、更绿色环保、更好满足个性化需求,这些都需要企业持续攻关,要求品牌以生态思维打造全屋智能。全屋智能并非新话题,亿欧认为,其核心是让设备具备主动感知的能力,实现“无感化”的智能体验。至少要具备三大能力,一是设备间的无缝互联,打破品牌壁垒。二是AI技术深度介入。三是场景化、生态化的整体解决方案,而非单品的堆砌。但现实情况是,要实现这个目标绝非易事。突出问题便是协议碎片化。表面上看,美的、海尔等企业都声称能提供全套解决方案,但都存在缺陷。传统集成方案通常支持单一协议类型,用户使用不同品牌产品需要多个控制中枢,要在不同设备间切换才能体验到“手搓版”智能化。每家企业都希望用户使用自己的产品,存在“障碍”便在情理之中,真正实现互联互通注定是一条漫长的路。企业各怀心思,在技术、行标等方面都需要进一步努力。相比而言,小米的优势在于更丰富的产品线,智能手机、智能汽车、“冰空洗”科技家电,以及各类智能硬件产品,组成了庞大的生态链。AIoT平台连接的10.4亿设备,覆盖200多个产品,可实现跨品类的无缝协同。这正是传统家电品牌在短期内难以企及的优势。当然,小米大家电产品并非没有短板。一方面,小米大家电主要依赖线上和小米之家,线下场景渗透率有待进一步提高。再者,售后体系仍需持续完善。这也是小米需要重点“补课”的。更关键的是,在打造高端品牌形象上,海尔、美的、TCL、海信等拥有更加深厚的技术和品牌积累,小米要占领高端市场显然无法一蹴而就。过去,消费者对小米的认知普遍是“性价比”,很难将小米空调、小米洗衣机和“高端”联系在一起。如前文所述,价格是最直观的体现。以3匹家用立式空调为例,小米售价约5千元,而海尔卡萨帝则售价1万元以上。如何扭转消费者认知,让外界认为小米大家电也是高端品牌、高端产品,这是小米要做的事。当然,这需要小米踏实钻研技术,实实在在提升产品质量。从“轻资产”到“重制造”,从“性价比”到冲刺“高端化”,从布局国内到走向海外,小米大家电用互联网思维改造传统渠道,成为中国制造业升级的一个典型案例。无论如何,小米都将成为家电行业转型期值得观察的样本,对于传统家电巨头们来说都是值得警惕的事。\n\n\n海量资讯、精准解读,尽在新浪财经APP","news_type":1,"symbols_score_info":{"81810":0.6,"01810":1.96,"XIACY":1.96,"HXXD.SI":0.6}},"isVote":1,"tweetType":1,"viewCount":547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}