看看我的钱的个人主页 - 老虎社区

看看我的钱

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IP属地：中国台湾

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看看我的钱

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

看看我的钱

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

看看我的钱

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

看看我的钱

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

看看我的钱

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%

看看我的钱

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

看看我的钱

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

看看我的钱

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

看看我的钱

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

看看我的钱

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...

看看我的钱

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

看看我的钱

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？

看看我的钱

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

看看我的钱

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

看看我的钱

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

看看我的钱

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

看看我的钱

2025-11-07

拉爆空头

小米，突发！

看看我的钱

2025-08-28

班门弄大斧，卷是小米看家本领

小米空调遭“围攻”！老牌大厂掀价格战，小米无所谓？

看看我的钱

2025-08-18

特朗普脑子差不多全坏了了吧，还有人理会啊

半导体关税风暴将至？特朗普宣称税率或高达300%

看看我的钱

2025-07-15

这篇文章不错，转发给大家看看

黄仁勋来北京了？和雷军的合照被曝，二人笑意满满

去老虎APP查看更多动态

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08:25","market":"hk","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&nbsp;&nbsp;&nbsp;<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","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU0244354667.USD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" ACC","BK1523":"武汉本地概念股","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","BK1521":"挪威政府全球养老基金持仓","LU1961090484.USD":"ALLIANZ ALL CHINA EQUITY \"A\" (USD) INC","LU0823413587.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) ACC","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 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ACC"},"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,"HXXD.SI":0.6,"01810":1.91,"MIUmain":0.6,"XIACY":1.91}},"isVote":1,"tweetType":1,"viewCount":205,"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,"authorIdStr":"4201727578330582","idStr":"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&nbsp;&nbsp;&nbsp;<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","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","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","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" 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","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0456846285.SGD":"JPMorgan Funds - Greater China 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21:39","market":"hk","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","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU0823397285.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) INC","LU1981816686.USD":"EASTSPRING INV ASIAN MULTI FACTOR EQUITY \"A\" (USD) ACC","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU0051755006.USD":"摩根大通中国A (dist)","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU0326950275.SGD":"Schroder ISF China Opportunities A 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(SGDHDG) ACC","LU0675040207.SGD":"JPM ASIA PACIFIC EQUITY \"A\" (SGD) ACC","LU0823413660.USD":"BNP PARIBAS EMERGING EQUITY \"C\" (USD) INC","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU0823397103.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\" (USD) ACC"},"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,"HXXD.SI":0.6,"MIUmain":0.6,"01810":1.98,"XIACY":1.98}},"isVote":1,"tweetType":1,"viewCount":73,"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,"authorIdStr":"4201727578330582","idStr":"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":"other","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 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>小米手机为什么不涨价？原因居然这么简单</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{ 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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&nbsp;&nbsp;&nbsp;<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","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU0052750758.USD":"富兰克林中国基金A Acc","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 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CHINA \"A\" (HKD) ACC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","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","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" 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","BK1506":"5G概念","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0456846285.SGD":"JPMorgan Funds - Greater China A (acc) SGD","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1880383440.USD":"AMUNDI FUNDS CHINA EQUITY \"A2\" (USD) INC","LU1808992512.USD":"AB ALL CHINA EQUITY PORTFOLIO \"A\" (USD) ACC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0634319403.HKD":"ALLIANZ HONG KONG EQUITY \"AT\" (HKD) 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,"01810":1.96,"XIACY":1.96}},"isVote":1,"tweetType":1,"viewCount":265,"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,"authorIdStr":"4201727578330582","idStr":"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":{"01810":"小米集团-W","XIACY":"小米集团ADR"},"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":143,"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,"authorIdStr":"4201727578330582","idStr":"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":"hk","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&nbsp;&nbsp;&nbsp;<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","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU1979443071.USD":"AB CHINA A SHARES EQUITY PORTFOLIO \"AD\" (USDHDG) INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","BK1502":"双十一","BK1615":"港股-互联网","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU1188198961.HKD":"SCHRODER ISF CHINA 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ACC"},"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":119,"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,"authorIdStr":"4201727578330582","idStr":"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/ed558ed0402cbe7d1ef4d150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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":43,"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,"authorIdStr":"4201727578330582","idStr":"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":"fut","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&#34;官宣认领&#34;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&#34;实际进展可能比大家看到的要快很多&#34;，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&#34;物理AI领导者&#34;的市场定位正逐步获得实质支撑。</strong>并维持对小米的&#34;买入&#34;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 &amp; 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&#34;人车家&#34;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&#34;官宣认领&#34;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&#34;实际进展可能比大家看到的要快很多&#34;，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&#34;物理AI领导者&#34;的市场定位正逐步获得实质支撑。</strong>并维持对小米的&#34;买入&#34;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 &amp; 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&#34;人车家&#34;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","BK1502":"双十一","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) 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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,"01810":1.98,"HXXD.SI":0.6,"XIACY":1.98}},"isVote":1,"tweetType":1,"viewCount":230,"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,"authorIdStr":"4201727578330582","idStr":"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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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","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","HXXD.SI":"Xiaomi HK SDR 2to1","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","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","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU1323998911.USD":"BGF 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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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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...\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" 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","BK1589":"北水核心资产","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) 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赞","news_type":1,"symbols_score_info":{"81810":0.6,"XIACY":1.87,"01810":1.87,"HXXD.SI":0.6,"MIUmain":0.6}},"isVote":1,"tweetType":1,"viewCount":164,"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,"authorIdStr":"4201727578330582","idStr":"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":"other","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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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\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-10 09:29 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/chanjing/wddc/2026-03-10/doc-inhqneyw3441015.shtml><strong>5D调查</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<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...</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","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","BK1607":"新IT概念","LU0593848301.USD":"未来资产亚洲卓越消费股票基金A","LU0499858602.USD":"NINETY ONE GSF ASIA PACIFIC EQUITY OPPORTUNITIES \"A\" (USD) ACC","HXXD.SI":"Xiaomi HK SDR 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EMERGING WORLD EQUITY \"A2\" (USD) ACC","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU1282648689.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AMG\" (USD) INC"},"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,"01810":1.93,"XIACY":1.93,"HXXD.SI":0.6,"BMWYY":1.91}},"isVote":1,"tweetType":1,"viewCount":178,"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,"authorIdStr":"4201727578330582","idStr":"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\" 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，还信不信得过？</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{ 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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&nbsp;&nbsp;&nbsp;<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","LU2476274308.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0084288322.USD":"Natixis Asia Equity RD USD","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","LU0327786744.USD":"Janus Henderson Horizon China 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ACC"},"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,"XIACY":1.96,"MIUmain":0.6}},"isVote":1,"tweetType":1,"viewCount":411,"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,"authorIdStr":"4201727578330582","idStr":"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","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) 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 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SGD"},"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,"01810":1.95,"XIACY":1.95,"MIUmain":0.6}},"isVote":1,"tweetType":1,"viewCount":167,"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,"authorIdStr":"4201727578330582","idStr":"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":"sh","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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href=http://stock.eastmoney.com/a/202602043641386061.html><strong>每日经济新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<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\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"81810":"小米集团-WR","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU1481107354.HKD":"HSBC GIF HONG KONG EQUITY \"AD\" (HKD) INC","LU1366334578.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"A\" (USD) INC","LU0051755006.USD":"摩根大通中国A (dist)","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU1733274473.HKD":"TEMPLETON EMERGING MARKETS DYNAMIC INCOME \"A\" (HKD) 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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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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","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0164865239.USD":"HSBC GIF CHINESE EQUITY \"AC\" (USD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","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","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","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","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","LU0164872284.USD":"HSBC GIF 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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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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":685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":497489278616264,"gmtCreate":1762480429715,"gmtModify":1762480431783,"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,"authorIdStr":"4201727578330582","idStr":"4201727578330582"},"themes":[],"title":"","htmlText":"拉爆空头","listText":"拉爆空头","text":"拉爆空头","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/497489278616264","repostId":"2581063740","repostType":2,"repost":{"id":"2581063740","kind":"news","pubTimestamp":1762425375,"share":"https://www.laohu8.com/m/news/2581063740?lang=zh_CN&edition=full","pubTime":"2025-11-06 18:36","market":"hk","language":"zh","title":"小米，突发！","url":"https://stock-news.laohu8.com/highlight/detail?id=2581063740","media":"新浪财经","summary":"空头仓位大幅上升53%小米将于11月18日公布季度财报。过去几个月时间，小米股价持续受压，截至目前，离最高位回调已近30%。其中，小米手机出货量为4340万台，同比增长1%，市占率达14%，稳居全球前三。2025年9月底小米正式发布小米17系列手机，开售5分钟便刷新2025年国产新机全天销量与销售额纪录。在2025世界智能网联汽车大会上，雷军宣布小米汽车产品发布一年半，已交付40万台。随着小米汽车交付量提升，公司有望达成汽车业务单季盈亏平衡。","content":"<html><body><article><p>来源：券商中国</p><p>突然空袭！</p><p>据《彭博》报道，<a href=\"https://laohu8.com/S/GS\">高盛</a>表示，对冲基金已对<a href=\"https://laohu8.com/S/XIACY\">小米</a>股票转为看空，并可能将空头仓位维持至财报季。该报告称，养老金和对冲基金的抛售在过去两周加剧，反馈表明<a href=\"https://laohu8.com/S/01810\">小米</a>“由于缺乏催化剂，至少在短期内是共识做空/卖出”。</p><p>自今年6月创下历史高位之后，<a href=\"https://laohu8.com/S/81810\">小米</a>股价开始转跌。至今，该股跌幅已近30%。但<a href=\"https://laohu8.com/S/600030\">中信证券</a>最新的研报认为，小米2025年三季度将实现整体收入1132亿元，同比增长22.3%；Non-IFRS<span>净利润</span>102亿元，同比增长63%，净利润率9%。中信看好小米持续成为中国乃至全球最优秀的硬核科技生态公司。</p><p>空头仓位大幅上升53%</p><p>小米将于11月18日公布季度财报。过去几个月时间，小米股价持续受压，截至目前，离最高位回调已近30%。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20251106183944786d163qipava8ntma\"/><p>高盛报告称，其机构经纪主要客户对小米股票的空头仓位在过去一周内上升了53%。过去两周机构交易明显偏向纯卖出方向，且主要沽压来自养老基金与对冲基金。</p><p>高盛表示，从对冲基金的反馈来看，小米目前至少在短期内成为普遍的做空/卖出目标，原因包括缺乏催化因素、安全性疑虑、工厂建设延误，以及电动车业务虽经近期推广仍难提振销售。高盛分析师也将其目标价下调了10%以上，理由是存储芯片成本上涨带来利润率压力。</p><p>不过，<a href=\"https://laohu8.com/S/06030\">中信证券</a>认为，随着公司汽车交付量的增加和ASP的上升，小米汽车及AI等创新业务分部将于2025年三季度扭亏为盈。中长期而言，看好小米持续成为中国乃至全球最优秀的硬核科技生态公司，并以AI能力持续提升智能硬件生态的价值，在AI手机、智能汽车、智能家居、AI眼镜、具身智能等更广泛的领域持续焕发蓬勃生机，维持对公司的“买入”评级。</p><p>浦银国际亦重申小米的“买入”评级。虽然小米三季度的loT板块成长面临压力，但是预期小米的汽车业务或将首次实现单季度盈利。长期来看，小米坚持投入底层技术，包括芯片、系统等，这为公司构建竞争壁垒，奠定长周期的成长基础。作为行业首推之一，当前小米市盈率为23倍左右，估值具备上升空间。</p><p>竞争力依然较大？</p><p>由于舆情的缘故，投资者在小米股价上的投票显然也受到了影响。那么，小米的竞争力是否依然较大？这可能还是要由数据来说话。</p><p>Canalys发布2025年第三季度全球手机销售数据。根据Canalys数据，2025年第三季度全球智能手机市场出货量达3.2亿台，同比增长3%。其中，小米手机出货量为4340万台，同比增长1%，市占率达14%，稳居全球前三。在<a href=\"https://laohu8.com/S/00464\">中国智能</a>手机市场，小米手机出货量为1000万台，同比下降约2%，市占率达15%，位列中国第四。</p><p><a href=\"https://laohu8.com/S/002670\">国盛证券</a>认为，虽然中国市场在补贴项目结束后<span>出货</span>下滑，但小米在<a href=\"https://laohu8.com/S/002540\">亚太</a>及其他地区的增长则抵消了该负面影响。而且，小米实现高端手机市场占位，或有望对冲存储成本压力。2025年9月底小米正式发布小米17系列手机，开售5分钟便刷新2025年国产新机全天销量与销售额纪录。开售5天，17系列销量突破100万台，小米17 ProMax销量占比最高，成功切入6K以上的高端机型市场。小米手机产品结构的持续优化或对手机毛利率带来正向贡献。但考虑到全球存储芯片市场迎来涨价潮，成本端压力加大，预计公司三四季度手机毛利率将维持在11%左右。</p><p>国盛证券还认为，小米汽车交付量持续提升，有望实现单季盈亏平衡。在2025世界智能网联汽车大会上，雷军宣布小米汽车产品发布一年半，已交付40万台。2025年9月和10月，单月交付量均超4万台。小米汽车在10月24日发布“跨年购置税补贴方案”，消费者在11月底前锁单，便可通过尾款减免方式补贴因交付周期带来的购置税差额，最高不超过1.5万元，公司以此为消费者提供更好的利益保障。随着小米汽车交付量提升，公司有望达成汽车业务单季盈亏平衡。</p><p>值得注意的是，国补放缓背景下，小米IoT业务竞争力保持稳健。第三批690亿元的以旧换新资金于7月底正式落实，多地的家电国补力度有所降低。虽然国补降低可能对家电赛道增长造成一定的影响，但凭借产品品质优势与供应链管控能力，小米在IoT领域的综合竞争力有望保持稳健。</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，突发！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-06 18:36 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251106183946a6e5b97f&s=b><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>来源：券商中国突然空袭！据《彭博》报道，高盛表示，对冲基金已对小米股票转为看空，并可能将空头仓位维持至财报季。该报告称，养老金和对冲基金的抛售在过去两周加剧，反馈表明小米“由于缺乏催化剂，至少在短期内是共识做空/卖出”。自今年6月创下历史高位之后，小米股价开始转跌。至今，该股跌幅已近30%。但中信证券最新的研报认为，小米2025年三季度将实现整体收入1132亿元，同比增长22.3%；Non-...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251106183946a6e5b97f&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","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU0823041008.USD":"AMUNDI FUNDS EMERGING WORLD EQUITY \"A2\" (USD) ACC","LU0823040885.USD":"东方汇理新兴市场焦点股票基金","BK1589":"北水核心资产","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","BK1618":"Manus概念股","BK1193":"电脑硬件、储存设备及电脑周边","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0211977185.USD":"EASTSPRING INVESTMENTS GREATER CHINA EQUITY \"A\" ACC","LU0441854154.USD":"JPM ASIA PACIFIC EQUITY \"A\" (USD) ACC","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME \"A6\" (USD) INC","XIACY":"小米集团ADR","LU1323998911.USD":"BGF ASIAN MULTI-ASSET INCOME \"A\" (USD) ACC","BK1502":"双十一","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","BK1575":"同股不同权","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","HXXD.SI":"Xiaomi HK SDR 2to1","LU0449515922.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"PC\" (USD)ACC","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","LU1956131251.USD":"BNP PARIBAS SUSTAINABLE ASIA EX-JAPAN EQUITY \"C\"MD (USD) INC","LU1251922891.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) ACC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK1506":"5G概念","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0540923850.HKD":"ALLIANZ HONG KONG EQUITY \"A\" (HKD) INC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","LU1720050803.USD":"安联全方位中国股票基金","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","01810":"小米集团-W","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0214875030.USD":"HSBC GIF BRIC EQUITY \"M2C\" (USD) ACC","LU0254981946.USD":"HSBC GIF BRIC MARKETS EQUITY \"AC\" (USD) ACC","LU0149721374.USD":"HSBC GIF HONG KONG EQUITY \"AD\" INC","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU2257852520.SGD":"JPMorgan Funds - Asia Growth A (acc) SGD","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","LU1719994722.HKD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (HKD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0918141887.USD":"安联亚洲实际收益股票基金","LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251106183946a6e5b97f&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2581063740","content_text":"来源：券商中国突然空袭！据《彭博》报道，高盛表示，对冲基金已对小米股票转为看空，并可能将空头仓位维持至财报季。该报告称，养老金和对冲基金的抛售在过去两周加剧，反馈表明小米“由于缺乏催化剂，至少在短期内是共识做空/卖出”。自今年6月创下历史高位之后，小米股价开始转跌。至今，该股跌幅已近30%。但中信证券最新的研报认为，小米2025年三季度将实现整体收入1132亿元，同比增长22.3%；Non-IFRS净利润102亿元，同比增长63%，净利润率9%。中信看好小米持续成为中国乃至全球最优秀的硬核科技生态公司。空头仓位大幅上升53%小米将于11月18日公布季度财报。过去几个月时间，小米股价持续受压，截至目前，离最高位回调已近30%。高盛报告称，其机构经纪主要客户对小米股票的空头仓位在过去一周内上升了53%。过去两周机构交易明显偏向纯卖出方向，且主要沽压来自养老基金与对冲基金。高盛表示，从对冲基金的反馈来看，小米目前至少在短期内成为普遍的做空/卖出目标，原因包括缺乏催化因素、安全性疑虑、工厂建设延误，以及电动车业务虽经近期推广仍难提振销售。高盛分析师也将其目标价下调了10%以上，理由是存储芯片成本上涨带来利润率压力。不过，中信证券认为，随着公司汽车交付量的增加和ASP的上升，小米汽车及AI等创新业务分部将于2025年三季度扭亏为盈。中长期而言，看好小米持续成为中国乃至全球最优秀的硬核科技生态公司，并以AI能力持续提升智能硬件生态的价值，在AI手机、智能汽车、智能家居、AI眼镜、具身智能等更广泛的领域持续焕发蓬勃生机，维持对公司的“买入”评级。浦银国际亦重申小米的“买入”评级。虽然小米三季度的loT板块成长面临压力，但是预期小米的汽车业务或将首次实现单季度盈利。长期来看，小米坚持投入底层技术，包括芯片、系统等，这为公司构建竞争壁垒，奠定长周期的成长基础。作为行业首推之一，当前小米市盈率为23倍左右，估值具备上升空间。竞争力依然较大？由于舆情的缘故，投资者在小米股价上的投票显然也受到了影响。那么，小米的竞争力是否依然较大？这可能还是要由数据来说话。Canalys发布2025年第三季度全球手机销售数据。根据Canalys数据，2025年第三季度全球智能手机市场出货量达3.2亿台，同比增长3%。其中，小米手机出货量为4340万台，同比增长1%，市占率达14%，稳居全球前三。在中国智能手机市场，小米手机出货量为1000万台，同比下降约2%，市占率达15%，位列中国第四。国盛证券认为，虽然中国市场在补贴项目结束后出货下滑，但小米在亚太及其他地区的增长则抵消了该负面影响。而且，小米实现高端手机市场占位，或有望对冲存储成本压力。2025年9月底小米正式发布小米17系列手机，开售5分钟便刷新2025年国产新机全天销量与销售额纪录。开售5天，17系列销量突破100万台，小米17 ProMax销量占比最高，成功切入6K以上的高端机型市场。小米手机产品结构的持续优化或对手机毛利率带来正向贡献。但考虑到全球存储芯片市场迎来涨价潮，成本端压力加大，预计公司三四季度手机毛利率将维持在11%左右。国盛证券还认为，小米汽车交付量持续提升，有望实现单季盈亏平衡。在2025世界智能网联汽车大会上，雷军宣布小米汽车产品发布一年半，已交付40万台。2025年9月和10月，单月交付量均超4万台。小米汽车在10月24日发布“跨年购置税补贴方案”，消费者在11月底前锁单，便可通过尾款减免方式补贴因交付周期带来的购置税差额，最高不超过1.5万元，公司以此为消费者提供更好的利益保障。随着小米汽车交付量提升，公司有望达成汽车业务单季盈亏平衡。值得注意的是，国补放缓背景下，小米IoT业务竞争力保持稳健。第三批690亿元的以旧换新资金于7月底正式落实，多地的家电国补力度有所降低。虽然国补降低可能对家电赛道增长造成一定的影响，但凭借产品品质优势与供应链管控能力，小米在IoT领域的综合竞争力有望保持稳健。","news_type":1,"symbols_score_info":{"81810":0.6,"HXXD.SI":0.6,"MIUmain":0.6,"XIACY":0.6,"01810":1.5}},"isVote":1,"tweetType":1,"viewCount":1627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":472351213428976,"gmtCreate":1756351711787,"gmtModify":1756351713296,"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,"authorIdStr":"4201727578330582","idStr":"4201727578330582"},"themes":[],"htmlText":"班门弄大斧，卷是小米看家本领","listText":"班门弄大斧，卷是小米看家本领","text":"班门弄大斧，卷是小米看家本领","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/472351213428976","repostId":"2562747068","repostType":2,"repost":{"id":"2562747068","kind":"news","pubTimestamp":1756301460,"share":"https://www.laohu8.com/m/news/2562747068?lang=zh_CN&edition=full","pubTime":"2025-08-27 21:31","market":"us","language":"zh","title":"小米空调遭“围攻”！老牌大厂掀价格战，小米无所谓？","url":"https://stock-news.laohu8.com/highlight/detail?id=2562747068","media":"雷科技","summary":"跟小米打价格战？小米空调成立初期，确实是以价格优势来抢占市场，首款小米空调定价1999元杀入市场，并且融入米家IoT生态。自然风、上吹风、巨省电等特性成为主要卖点，而小米的空调价格也逐渐与一线品牌持平，性价比早已不是小米的唯一武器。","content":"<html><body><div>\n<div><img cms-height=\"232.359\" cms-width=\"546\" src=\"http://n.sinaimg.cn/spider20250827/483/w900h383/20250827/517d-078ea1f4eaee059d8828a634200d9bff.jpg\"/><span>雷科技AI硬件组 | </span></div><p cms-style=\"font-L \"><font cms-style=\"font-L align-right\"><font cms-style=\"font-L align-right\">编辑：TSkinght | </font></font><font cms-style=\"font-L align-right\"><font cms-style=\"font-L align-right\">监制：罗超</font></font></p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">此前，<a href=\"https://laohu8.com/S/XIACY\">小米</a>集团总裁卢伟冰发布了一则视频，给网友解读了<a href=\"https://laohu8.com/S/01810\">小米</a>第二季度的财报数据，除了聊到<a href=\"https://laohu8.com/S/81810\">小米</a>手机高端化进展、汽车业务何时盈利等热点问题外，在提到大家电业务时，又提了一个让网友很感兴趣的话题：</font></font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">“没想到老大哥们对小米（空调）这么重视，下起手来还非常的重。”。</font></font></font></p><div><img cms-height=\"450.312\" cms-width=\"645\" src=\"http://n.sinaimg.cn/spider20250827/234/w1080h754/20250827/a049-eb597d703628690704bf57f428453abb.png\"/><span>图源：微博</span></div><p cms-style=\"font-L\">此时，不少网友才意识到一场针对小米空调的价格战，早已打响。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">小米空调，一鸣惊人</font></p><p cms-style=\"font-L\">让我们先简单过一遍小米财报，财报数据显示，小米的第二季度收入和净利润均创单季度的历史新高，小米集团的总营收达到1160亿元，同比增长高达30.5%，净利润则达到108亿元，同比增长高达75.4%。</p><p cms-style=\"font-L\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">如此惊人的财报数据，自然引来众多人侧目，其中智能手机+AIoT部分的收入占比达81.6%，营收总额为947亿元，</font></font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">智能大家电业务的增长成为主要的驱动引擎，同比增长66.2%，其中空调出货超过540万台，同比增长达到60%。</font></font></font></p><div><img cms-height=\"772.156\" cms-width=\"645\" src=\"http://n.sinaimg.cn/spider20250827/562/w984h1178/20250827/bad4-8a8493a4ea7a7890bd30f4bb09ef5061.png\"/><span>图源：微博</span></div><p cms-style=\"font-L\">事实上，这已经是小米空调今年第二次单季度同比增长超60%，第一季度空调业务同比增长65%，甚至还超过第二季度。作为一个红海市场，小米的表现可以说相当恐怖，凭借着第一、二季度的出货量增长，小米空调已经稳坐市场第三的交椅，同时也是市场份额前三品牌中唯一保持高速增长的。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold align-Center\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">看到这里，我想大家就不会奇怪小米为什么会被“围攻”了，空调作为一个传统市场本就竞争激烈，而且有着数量众多的老牌厂商，小米作为新玩家的崛起显然不是老牌厂商们愿意看到的。</font></font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">特别是小米大家电工厂一期项目的加速，也标志着其逐渐从代工生产过渡到自主生产，这是一个“危险”的信号，也是新一轮价格战的导火索之一。</font></font></font></font></p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">围攻小米，空调价格战凶猛</font></p><p cms-style=\"font-L\">据奥维云网的数据显示，2025冷年（即2024.8-2025.7）线上主销的1.5匹挂机均价由24Q4的2536元跌至25Q2的2101元，2.2K元以下价格档的销售份额较2024年提升6.3%到35.2%。考虑到空调国补的开始时间段与“冷年”的起始时间段几乎完全吻合，可以认为这一轮降价的动力并非国补，而是市场竞争所导致的。</p><div><img cms-height=\"321.297\" cms-width=\"645\" src=\"http://n.sinaimg.cn/spider20250827/18/w1080h538/20250827/22a7-0591d5c88d4747028851d72b6966a8c1.png\"/><span>图源：奥维云网</span></div><p cms-style=\"font-L\">事实上，美的、华凌、<a href=\"https://laohu8.com/S/01070\">TCL</a>、<a href=\"https://laohu8.com/S/06690\">海尔</a>、格力等主力空调品牌价格从去年开始都在持续走低，到了传统销售旺季，价格下跌趋势则更加明显。虽然有叠加618等活动的缘故，但是也可以看出市场竞争之激烈，即使在6、7、8月的非大型活动期间，各品牌的空调价格也是呈现频繁的波动。</p><div><img cms-height=\"354.75\" cms-width=\"645\" src=\"http://n.sinaimg.cn/spider20250827/74/w1080h594/20250827/dbd6-b67a4e396a1d91106fcb76d6911cb8fd.png\"/><span>图源：慢慢买</span></div><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold align-Center\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">不少老牌厂商显然希望通过降低售价等方式，挤占小米的产品空间，但是从小米空调的战绩来看，这个计划显然没有奏效。不过，</font></font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">全体空调厂商的普遍性降价叠加国补影响，倒也促进了整个空调市场的增长，2025冷年的出货量增长达到了17.8%，新购买力的涌入也让所有品牌都获得了额外的市场。</font></font></font></font></p><p cms-style=\"font-L\">这场价格战打下来，整体的结果还是好的，大家都有分到一杯羹，新购买力也给了小米等品牌更多的增长空间。其实，要说老牌厂商降价只是为了围攻小米，倒也有些夸张，不如说是在整个空调市场的上行阶段，厂商为了占据更具优势的市场位置，纷纷选择主动出击，而性价比+智能化，恰好就是小米的优势区间。</p><p cms-style=\"font-L\">那么问题来了，为什么小米的销量却没有受到太大影响，反而创历史新高呢？</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">跟小米打价格战？恐怕是“以短击长”</font></p><p cms-style=\"font-L\">在雷科技看来，试图通过降价挤压小米空调的市场空间本就不太现实。小米空调成立初期，确实是以价格优势来抢占市场，首款小米空调定价1999元杀入市场，并且融入米家IoT生态。</p><p cms-style=\"font-L\">单论性能，其价格比同匹数的美的、格力等一线品牌低30%以上，甚至比奥克斯、科龙等二三线品牌更便宜，从综合体验来看，智能生态的优势又使其在同价位显得特别突出，所以才能一炮而红。当然，后续小米也一直坚持走“亲民路线”，以至于让大家对小米空调有了固有印象。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold align-Center\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">但是，随着小米空调在市场份额的上涨，以及研发投入的上涨，其实从前两年开始小米空调就已经不再以“价格”作为主打卖点。</font></font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">自然风、上吹风、巨省电等特性成为主要卖点，而小米的空调价格也逐渐与一线品牌持平，性价比早已不是小米的唯一武器。</font></font></font></font></p><div><img cms-height=\"525.547\" cms-width=\"645\" src=\"http://n.sinaimg.cn/spider20250827/360/w1080h880/20250827/ccaf-debeaacf46ec1e29591c820c677bafce.png\"/><span>图源：小米</span></div><p cms-style=\"font-L\">所以，想要从产品上与小米竞争，就应该更多地关注“智能化”和“差异化”，而非靠降价来应对（当然降价还是有效的，对于老一辈来说吸引力很大）。举个例子，美的此前推出的新品“空气机”，就将AI大模型DeepSeek和控温、控湿和新风等三个功能融为一体，提供一站式的房间空气环境解决方案。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold align-Center\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">从价格来说，美的“空气机”并不贵，也就是中高端空调的平均价格，但是从功能体验等方面来看，其与传统空调显然不在一个档次，</font></font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">不管是DeepSeek带来的全新交互，还是多样化的环境控制，都可以更好地吸引到“懂科技”的年轻人喜爱。</font></font></font></font></p><div><img cms-height=\"381.625\" cms-width=\"645\" src=\"http://n.sinaimg.cn/spider20250827/119/w1080h639/20250827/2343-7bcdd413bb3ab721edfe5553e3d78252.png\"/><span>图源：美的</span></div><p cms-style=\"font-L\">小雷认为美的的思路才是对的，用差异化和更激进的智能化，走到小米等其他空调厂商的前面，才能吸引住潜在用户，一味地在小米已经非常成熟的IoT生态和性价比上做文章，其实是很难与其竞争的。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold color210\">生态互联成了家电企业的必答题</font></p><p cms-style=\"font-L\">事实上，小米空调之所以能够热销，一大原因就是小米手机、小爱音箱等小爱智能生态的终端，可以轻松实现一句话控制空调等家电，让小米手机用户更倾向于选择小米空调。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold align-Center\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">当年的格力或许是看到了这一点，才会选择发布格力手机，但是格力手机目前的市场表现也证明这条路是走不通的。那么，对于空调品牌来说，选择其实就两个：</font></font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">1、推动移动智能化合作；2、让空调能够直接与用户交互。</font></font></font></font></p><p cms-style=\"font-L\">第一条路其实很多品牌都在做，但是大多都效果不佳，自研的智能家居app虽然可以提供远程遥控等功能，但是必须打开app才能使用，就先天上弱小米一筹。雷科技觉得，最好的方法就是与OPPO、vivo等手机企业深度合作，推动双方的IoT生态融合，如此一来才能将OV等手机厂商的用户转化为自己的潜在用户。</p><p cms-style=\"font-L\">第二个方案，美的、TCL等头部企业就在探索中，DeepSeek等优质AI大模型的开源，可以说给了传统家电企业很大的助力，不需要投入过多的资源和承担失败风险，就可以在智能语音交互体验赶上第一梯队，估计智能化负责人做梦都能笑醒。</p><div><img cms-height=\"431.188\" cms-width=\"645\" src=\"http://n.sinaimg.cn/spider20250827/202/w1080h722/20250827/9bbe-96dabad017b95bc8655a2bbe329dabf6.png\"/><span>图源：美的</span></div><p cms-style=\"font-L\">当然，DeepSeek等AI大模型也不是拿来就可以用的，如何让AI听懂用户的话后可以执行正确的操作，其实也很考验智能化团队的优化与适配能力。但是，至少比从头开始搭建一个智能AI架构要简单很多，而且随着AI能力的加强，也会进一步降低相关系统的开发难度。</p><p cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold align-Center\"><font cms-style=\"font-L\"><font cms-style=\"font-L\">雷科技觉得，针对小米的“价格战”，其实已经失败，现在更多的品牌已经开始转向，重新回到以“体验”定胜负的阶段。</font></font><font cms-style=\"font-L strong-Bold\"><font cms-style=\"font-L\"><font cms-style=\"font-L strong-Bold\">如何满足新一代用户的需求？如何给用户塑造新的体验场景？</font></font></font><font cms-style=\"font-L\"><font cms-style=\"font-L\">这些都是小米、美的、格力、TCL等品牌正在思考的问题。</font></font></font></p><p cms-style=\"font-L\">不过价格竞争自然也是不会放弃的，但是这片战场将属于腰部品牌们，比如美的子品牌华凌、海尔子品牌统帅，以及科龙、奥克斯等，都在将大匹数空调的价格一步步往下挪。前段时间小雷想买空调时，就惊讶地发现1.5匹的挂机空调，价格已经下探到1500元以内，要知道放一两年前，没个2000块是肯定买不了1.5匹空调的。</p><p cms-style=\"font-L\">对于小米来说，最困难的时间段已经过去，仅靠降价是无法击败小米空调得分，接下来要面对的是如何进一步扩张和稳定基本盘，以及如何开辟海外市场。</p><div><img cms-height=\"1146.66\" cms-width=\"645\" src=\"http://n.sinaimg.cn/spider20250827/600/w1080h1920/20250827/3f35-5d534a13513b5df43cfe512d53263985.jpg\"/><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</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>小米空调遭“围攻”！老牌大厂掀价格战，小米无所谓？</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{ 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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小米空调遭“围攻”！老牌大厂掀价格战，小米无所谓？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-27 21:31 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/relnews/hk/2025-08-27/doc-infnmvkx5647557.shtml><strong>雷科技</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>雷科技AI硬件组 | 编辑：TSkinght | 监制：罗超此前，小米集团总裁卢伟冰发布了一则视频，给网友解读了小米第二季度的财报数据，除了聊到小米手机高端化进展、汽车业务何时盈利等热点问题外，在提到大家电业务时，又提了一个让网友很感兴趣的话题：“没想到老大哥们对小米（空调）这么重视，下起手来还非常的重。”。图源：微博此时，不少网友才意识到一场针对小米空调的价格战，早已打响。小米空调，一鸣惊人让...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/relnews/hk/2025-08-27/doc-infnmvkx5647557.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","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU0611395673.USD":"NINETY ONE GSF EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU2087589342.USD":"BGF ASIAN MULTI-ASSET INCOME 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CHINA OPPORTUNITIES \"A\" (HKD) ACC","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU1770034418.SGD":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC"},"source_url":"https://finance.sina.com.cn/stock/relnews/hk/2025-08-27/doc-infnmvkx5647557.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2562747068","content_text":"雷科技AI硬件组 | 编辑：TSkinght | 监制：罗超此前，小米集团总裁卢伟冰发布了一则视频，给网友解读了小米第二季度的财报数据，除了聊到小米手机高端化进展、汽车业务何时盈利等热点问题外，在提到大家电业务时，又提了一个让网友很感兴趣的话题：“没想到老大哥们对小米（空调）这么重视，下起手来还非常的重。”。图源：微博此时，不少网友才意识到一场针对小米空调的价格战，早已打响。小米空调，一鸣惊人让我们先简单过一遍小米财报，财报数据显示，小米的第二季度收入和净利润均创单季度的历史新高，小米集团的总营收达到1160亿元，同比增长高达30.5%，净利润则达到108亿元，同比增长高达75.4%。如此惊人的财报数据，自然引来众多人侧目，其中智能手机+AIoT部分的收入占比达81.6%，营收总额为947亿元，智能大家电业务的增长成为主要的驱动引擎，同比增长66.2%，其中空调出货超过540万台，同比增长达到60%。图源：微博事实上，这已经是小米空调今年第二次单季度同比增长超60%，第一季度空调业务同比增长65%，甚至还超过第二季度。作为一个红海市场，小米的表现可以说相当恐怖，凭借着第一、二季度的出货量增长，小米空调已经稳坐市场第三的交椅，同时也是市场份额前三品牌中唯一保持高速增长的。看到这里，我想大家就不会奇怪小米为什么会被“围攻”了，空调作为一个传统市场本就竞争激烈，而且有着数量众多的老牌厂商，小米作为新玩家的崛起显然不是老牌厂商们愿意看到的。特别是小米大家电工厂一期项目的加速，也标志着其逐渐从代工生产过渡到自主生产，这是一个“危险”的信号，也是新一轮价格战的导火索之一。围攻小米，空调价格战凶猛据奥维云网的数据显示，2025冷年（即2024.8-2025.7）线上主销的1.5匹挂机均价由24Q4的2536元跌至25Q2的2101元，2.2K元以下价格档的销售份额较2024年提升6.3%到35.2%。考虑到空调国补的开始时间段与“冷年”的起始时间段几乎完全吻合，可以认为这一轮降价的动力并非国补，而是市场竞争所导致的。图源：奥维云网事实上，美的、华凌、TCL、海尔、格力等主力空调品牌价格从去年开始都在持续走低，到了传统销售旺季，价格下跌趋势则更加明显。虽然有叠加618等活动的缘故，但是也可以看出市场竞争之激烈，即使在6、7、8月的非大型活动期间，各品牌的空调价格也是呈现频繁的波动。图源：慢慢买不少老牌厂商显然希望通过降低售价等方式，挤占小米的产品空间，但是从小米空调的战绩来看，这个计划显然没有奏效。不过，全体空调厂商的普遍性降价叠加国补影响，倒也促进了整个空调市场的增长，2025冷年的出货量增长达到了17.8%，新购买力的涌入也让所有品牌都获得了额外的市场。这场价格战打下来，整体的结果还是好的，大家都有分到一杯羹，新购买力也给了小米等品牌更多的增长空间。其实，要说老牌厂商降价只是为了围攻小米，倒也有些夸张，不如说是在整个空调市场的上行阶段，厂商为了占据更具优势的市场位置，纷纷选择主动出击，而性价比+智能化，恰好就是小米的优势区间。那么问题来了，为什么小米的销量却没有受到太大影响，反而创历史新高呢？跟小米打价格战？恐怕是“以短击长”在雷科技看来，试图通过降价挤压小米空调的市场空间本就不太现实。小米空调成立初期，确实是以价格优势来抢占市场，首款小米空调定价1999元杀入市场，并且融入米家IoT生态。单论性能，其价格比同匹数的美的、格力等一线品牌低30%以上，甚至比奥克斯、科龙等二三线品牌更便宜，从综合体验来看，智能生态的优势又使其在同价位显得特别突出，所以才能一炮而红。当然，后续小米也一直坚持走“亲民路线”，以至于让大家对小米空调有了固有印象。但是，随着小米空调在市场份额的上涨，以及研发投入的上涨，其实从前两年开始小米空调就已经不再以“价格”作为主打卖点。自然风、上吹风、巨省电等特性成为主要卖点，而小米的空调价格也逐渐与一线品牌持平，性价比早已不是小米的唯一武器。图源：小米所以，想要从产品上与小米竞争，就应该更多地关注“智能化”和“差异化”，而非靠降价来应对（当然降价还是有效的，对于老一辈来说吸引力很大）。举个例子，美的此前推出的新品“空气机”，就将AI大模型DeepSeek和控温、控湿和新风等三个功能融为一体，提供一站式的房间空气环境解决方案。从价格来说，美的“空气机”并不贵，也就是中高端空调的平均价格，但是从功能体验等方面来看，其与传统空调显然不在一个档次，不管是DeepSeek带来的全新交互，还是多样化的环境控制，都可以更好地吸引到“懂科技”的年轻人喜爱。图源：美的小雷认为美的的思路才是对的，用差异化和更激进的智能化，走到小米等其他空调厂商的前面，才能吸引住潜在用户，一味地在小米已经非常成熟的IoT生态和性价比上做文章，其实是很难与其竞争的。生态互联成了家电企业的必答题事实上，小米空调之所以能够热销，一大原因就是小米手机、小爱音箱等小爱智能生态的终端，可以轻松实现一句话控制空调等家电，让小米手机用户更倾向于选择小米空调。当年的格力或许是看到了这一点，才会选择发布格力手机，但是格力手机目前的市场表现也证明这条路是走不通的。那么，对于空调品牌来说，选择其实就两个：1、推动移动智能化合作；2、让空调能够直接与用户交互。第一条路其实很多品牌都在做，但是大多都效果不佳，自研的智能家居app虽然可以提供远程遥控等功能，但是必须打开app才能使用，就先天上弱小米一筹。雷科技觉得，最好的方法就是与OPPO、vivo等手机企业深度合作，推动双方的IoT生态融合，如此一来才能将OV等手机厂商的用户转化为自己的潜在用户。第二个方案，美的、TCL等头部企业就在探索中，DeepSeek等优质AI大模型的开源，可以说给了传统家电企业很大的助力，不需要投入过多的资源和承担失败风险，就可以在智能语音交互体验赶上第一梯队，估计智能化负责人做梦都能笑醒。图源：美的当然，DeepSeek等AI大模型也不是拿来就可以用的，如何让AI听懂用户的话后可以执行正确的操作，其实也很考验智能化团队的优化与适配能力。但是，至少比从头开始搭建一个智能AI架构要简单很多，而且随着AI能力的加强，也会进一步降低相关系统的开发难度。雷科技觉得，针对小米的“价格战”，其实已经失败，现在更多的品牌已经开始转向，重新回到以“体验”定胜负的阶段。如何满足新一代用户的需求？如何给用户塑造新的体验场景？这些都是小米、美的、格力、TCL等品牌正在思考的问题。不过价格竞争自然也是不会放弃的，但是这片战场将属于腰部品牌们，比如美的子品牌华凌、海尔子品牌统帅，以及科龙、奥克斯等，都在将大匹数空调的价格一步步往下挪。前段时间小雷想买空调时，就惊讶地发现1.5匹的挂机空调，价格已经下探到1500元以内，要知道放一两年前，没个2000块是肯定买不了1.5匹空调的。对于小米来说，最困难的时间段已经过去，仅靠降价是无法击败小米空调得分，接下来要面对的是如何进一步扩张和稳定基本盘，以及如何开辟海外市场。\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,"XIACY":0.6,"HXXD.SI":0.6,"MIUmain":1,"01810":1}},"isVote":1,"tweetType":1,"viewCount":1479,"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,"authorIdStr":"4201727578330582","idStr":"4201727578330582"},"themes":[],"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：&#34;我的税率会定在200%还是300%?&#34;</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&#34;国家安全&#34;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：&#34;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。&#34;</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&nbsp;&nbsp;&nbsp;<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":{"NVDA":"英伟达","MU":"美光科技","QCOM":"高通","INTC":"英特尔","SMCI":"超微电脑","AMD":"美国超微公司","AVGO":"博通","TSM":"台积电","ARM":"ARM Holdings"},"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":{"TSM":1.1,"AMD":1.1,"INTC":1.1,"SMCI":1.1,"ARM":1.1,"MU":1.1,"NVDA":1.1,"AVGO":1.1,"QCOM":1.1}},"isVote":1,"tweetType":1,"viewCount":2448,"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,"authorIdStr":"3568099945700012","idStr":"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":456707032867288,"gmtCreate":1752538171441,"gmtModify":1752542982337,"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,"authorIdStr":"4201727578330582","idStr":"4201727578330582"},"themes":[],"htmlText":"这篇文章不错，转发给大家看看","listText":"这篇文章不错，转发给大家看看","text":"这篇文章不错，转发给大家看看","images":[{"img":"https://static.tigerbbs.com/bd061f26f762b9a19357b694551d6db7"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/456707032867288","repostId":"1107049517","repostType":2,"repost":{"id":"1107049517","kind":"news","pubTimestamp":1752473419,"share":"https://www.laohu8.com/m/news/1107049517?lang=zh_CN&edition=full","pubTime":"2025-07-14 14:10","market":"hk","language":"zh","title":"黄仁勋来北京了？和雷军的合照被曝，二人笑意满满","url":"https://stock-news.laohu8.com/highlight/detail?id=1107049517","media":"三言Pro","summary":"7月14日，$英伟达$CEO黄仁勋与$小米$创始人雷军会面的照片曝光。受出口管制影响，英伟达一季度二季度累计损失135亿美元收入，因此黄仁勋来华一举一动都备受关注。此前，有消息称，黄仁勋将于近期第三次来华，并将于7月16日召开媒体沟通会。4月，黄仁勋再次来华，行程更为引人瞩目，他在接受采访时表示，中国大陆是英伟达非常重要的市场，希望能够继续合作。值得一提的是，黄仁勋与雷军的渊源颇深。","content":"<html><head></head><body><p>在市值破4万亿美元后，英伟达掌门人黄仁勋来北京了？</p><p>今日，有网友曝光雷军和黄仁勋的合影。只见两人在一处古色建筑前合照，充满笑意。</p><p>但是结合北京现在的天气情况，合影的真实性存疑。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db70c86780897274f804a4de11dbbca4\" tg-width=\"1080\" tg-height=\"1356\"/></p><p>据报道，黄仁勋将在北京召开新闻发布会，并首度参展中国国际供应链促进博览会。</p><p>报道指出，黄仁勋将于7月16日在北京举行媒体吹风会。还将出席第三届中国国际供应链促进博览会，除推销英伟达的新产品外，黄仁勋也将重申对中国市场的长期承诺。英伟达最快将于9月推出专为中国市场定制的新版人工智能芯片。</p><p>上周，英伟达成为首个市值破4万亿美元的公司，超越微软、苹果成为全球总市值最高的上市公司。</p><p>而最新小米在新能源汽车行业也创造一个奇迹。</p><p>可以说，此时的黄仁勋和雷军均是信心满满，状态都特别好。</p><p>其实，在手机时代英伟达和小米就有不错的交情。</p><p>2013年9月5日，黄仁勋受邀参加了小米手机3的发布会，亲自介绍英伟达的芯片产品，还高喊：“我也是米粉！”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/21d09e8ff3c86a7cb45cb754f8b41f19\" tg-width=\"800\" tg-height=\"420\"/></p><p>如今，到了汽车时代，英伟达和小米汽车继续合作。</p><p>10几年过去了，如今小米成了新能源汽车的顶流，英伟达成为市值最高的上市公司，它们都有美好的未来。</p></body></html>","source":"lsy1677840466995","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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href=https://mp.weixin.qq.com/s/9Ddd8zRPv5Cl_QqJiIECLQ><strong>三言Pro</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>在市值破4万亿美元后，英伟达掌门人黄仁勋来北京了？今日，有网友曝光雷军和黄仁勋的合影。只见两人在一处古色建筑前合照，充满笑意。但是结合北京现在的天气情况，合影的真实性存疑。据报道，黄仁勋将在北京召开新闻发布会，并首度参展中国国际供应链促进博览会。报道指出，黄仁勋将于7月16日在北京举行媒体吹风会。还将出席第三届中国国际供应链促进博览会，除推销英伟达的新产品外，黄仁勋也将重申对中国市场的长期承诺。...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/9Ddd8zRPv5Cl_QqJiIECLQ\">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/7c52ba759923af526cbeba91b8305697","relate_stocks":{"01810":"小米集团-W","NVDA":"英伟达"},"source_url":"https://mp.weixin.qq.com/s/9Ddd8zRPv5Cl_QqJiIECLQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107049517","content_text":"在市值破4万亿美元后，英伟达掌门人黄仁勋来北京了？今日，有网友曝光雷军和黄仁勋的合影。只见两人在一处古色建筑前合照，充满笑意。但是结合北京现在的天气情况，合影的真实性存疑。据报道，黄仁勋将在北京召开新闻发布会，并首度参展中国国际供应链促进博览会。报道指出，黄仁勋将于7月16日在北京举行媒体吹风会。还将出席第三届中国国际供应链促进博览会，除推销英伟达的新产品外，黄仁勋也将重申对中国市场的长期承诺。英伟达最快将于9月推出专为中国市场定制的新版人工智能芯片。上周，英伟达成为首个市值破4万亿美元的公司，超越微软、苹果成为全球总市值最高的上市公司。而最新小米在新能源汽车行业也创造一个奇迹。可以说，此时的黄仁勋和雷军均是信心满满，状态都特别好。其实，在手机时代英伟达和小米就有不错的交情。2013年9月5日，黄仁勋受邀参加了小米手机3的发布会，亲自介绍英伟达的芯片产品，还高喊：“我也是米粉！”如今，到了汽车时代，英伟达和小米汽车继续合作。10几年过去了，如今小米成了新能源汽车的顶流，英伟达成为市值最高的上市公司，它们都有美好的未来。","news_type":1,"symbols_score_info":{"NVDA":1.1,"01810":1.1}},"isVote":1,"tweetType":1,"viewCount":1928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"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,"authorIdStr":"4201727578330582","idStr":"4201727578330582"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$&nbsp;</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\">$特斯拉(TSLA)$&nbsp;</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&nbsp;&nbsp;&nbsp;<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":{"LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","BK4555":"新能源车","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) 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(HKD) ACC","BK4548":"巴美列捷福持仓","TSLA":"特斯拉","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H"},"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":{"TSLL":1,"TSLA":1,"DXYZ":1}},"isVote":1,"tweetType":1,"viewCount":2227,"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,"authorIdStr":"4201727578330582","idStr":"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":"fut","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&#34;官宣认领&#34;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&#34;实际进展可能比大家看到的要快很多&#34;，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&#34;物理AI领导者&#34;的市场定位正逐步获得实质支撑。</strong>并维持对小米的&#34;买入&#34;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 &amp; 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&#34;人车家&#34;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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}\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&#34;官宣认领&#34;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&#34;实际进展可能比大家看到的要快很多&#34;，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&#34;物理AI领导者&#34;的市场定位正逐步获得实质支撑。</strong>并维持对小米的&#34;买入&#34;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 &amp; 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&#34;人车家&#34;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","BK1502":"双十一","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) 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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,"01810":1.98,"HXXD.SI":0.6,"XIACY":1.98}},"isVote":1,"tweetType":1,"viewCount":230,"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,"authorIdStr":"4201727578330582","idStr":"4201727578330582"},"themes":[],"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：&#34;我的税率会定在200%还是300%?&#34;</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&#34;国家安全&#34;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：&#34;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。&#34;</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&nbsp;&nbsp;&nbsp;<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":{"NVDA":"英伟达","MU":"美光科技","QCOM":"高通","INTC":"英特尔","SMCI":"超微电脑","AMD":"美国超微公司","AVGO":"博通","TSM":"台积电","ARM":"ARM Holdings"},"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":{"TSM":1.1,"AMD":1.1,"INTC":1.1,"SMCI":1.1,"ARM":1.1,"MU":1.1,"NVDA":1.1,"AVGO":1.1,"QCOM":1.1}},"isVote":1,"tweetType":1,"viewCount":2448,"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,"authorIdStr":"3568099945700012","idStr":"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":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,"authorIdStr":"4201727578330582","idStr":"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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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","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","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","LU0164880469.USD":"HSBC GIF HONG KONG EQUITY \"AC\" ACC","LU0348827113.USD":"ALLIANZ RCM CHINA \"AT\" 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","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0456846285.SGD":"JPMorgan Funds - Greater China 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(USD) INC"},"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,"XIACY":1.95,"01810":1.95,"MIUmain":0.6}},"isVote":1,"tweetType":1,"viewCount":77,"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,"authorIdStr":"4201727578330582","idStr":"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":{"01810":"小米集团-W","XIACY":"小米集团ADR"},"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":143,"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,"authorIdStr":"4201727578330582","idStr":"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":"hk","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 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，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&nbsp;&nbsp;&nbsp;<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","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU1979443071.USD":"AB CHINA A SHARES EQUITY PORTFOLIO \"AD\" (USDHDG) INC","LU0039217434.USD":"HSBC GIF CHINESE EQUITY \"AD\" INC","LU0345776255.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) INC","BK1502":"双十一","BK1615":"港股-互联网","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","LU1188198961.HKD":"SCHRODER ISF CHINA 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ACC"},"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":119,"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,"authorIdStr":"4201727578330582","idStr":"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/ed558ed0402cbe7d1ef4d150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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\" 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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":43,"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,"authorIdStr":"4201727578330582","idStr":"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,"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":517278898681024,"gmtCreate":1767318083401,"gmtModify":1767318085887,"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,"authorIdStr":"4201727578330582","idStr":"4201727578330582"},"themes":[],"title":"","htmlText":"小米机器人快赶上了，股价一飞冲天","listText":"小米机器人快赶上了，股价一飞冲天","text":"小米机器人快赶上了，股价一飞冲天","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/517278898681024","repostId":"1100335627","repostType":2,"repost":{"id":"1100335627","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":1767229731,"share":"https://www.laohu8.com/m/news/1100335627?lang=zh_CN&edition=full","pubTime":"2026-01-01 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":685,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":452311194141208,"gmtCreate":1751450682481,"gmtModify":1751450964041,"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,"authorIdStr":"4201727578330582","idStr":"4201727578330582"},"themes":[],"htmlText":"软蛋包，三年时间忍忍就过去了","listText":"软蛋包，三年时间忍忍就过去了","text":"软蛋包，三年时间忍忍就过去了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/452311194141208","repostId":"1120804839","repostType":2,"repost":{"id":"1120804839","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":1751448643,"share":"https://www.laohu8.com/m/news/1120804839?lang=zh_CN&edition=full","pubTime":"2025-07-02 17:30","market":"us","language":"zh","title":"又缓和了？马斯克在社媒上发文称赞特朗普","url":"https://stock-news.laohu8.com/highlight/detail?id=1120804839","media":"老虎资讯综合","summary":"称赞特朗普在解决地区冲突中发挥的作用。","content":"<html><head></head><body><p>特斯拉CEO马斯克周三(7月2日)在社交平台X上发帖文，称赞特朗普在解决地区冲突中发挥的作用。</p><p>特朗普稍早在社交平台上表示，美国和以色列就加沙局势进行长时间会谈，以色列已同意与哈马斯达成60日停火协议的必要条件，呼吁哈马斯也接受协议。</p><p>马斯克其后在X平台上分享特朗普这一帖文截图并配文称，“该称赞的还是要称赞”，特朗普成功解决了全球多宗重大冲突。不过，马斯克未有明确举例说明。</p><p>有网民在帖文下留言表示迷惑，称“老兄，你一会儿批评他，一会儿又称赞他？”，“又成朋友了？”；另有网民称，不懂特朗普与马斯克之间“爱恨交织的关系”。</p><p>马斯克最近因反对“大而美”税收和支出法案而与特朗普关系“破裂”。特朗普稍早声言，可能要让政府效率部(DOGE)调查一下马斯克旗下多间公司获取政府补贴的情况，又称会考虑将马斯克驱逐出美国，特斯拉股价昨日一度大跌超7%。</p><p>截至发稿，特斯拉盘前涨超1%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/577e3b6900f0ee088821e34044f7b68a\" title=\"\" tg-width=\"450\" tg-height=\"126\"/></p><p></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>又缓和了？马斯克在社媒上发文称赞特朗普</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{ 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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又缓和了？马斯克在社媒上发文称赞特朗普\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\">2025-07-02 17:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>特斯拉CEO马斯克周三(7月2日)在社交平台X上发帖文，称赞特朗普在解决地区冲突中发挥的作用。</p><p>特朗普稍早在社交平台上表示，美国和以色列就加沙局势进行长时间会谈，以色列已同意与哈马斯达成60日停火协议的必要条件，呼吁哈马斯也接受协议。</p><p>马斯克其后在X平台上分享特朗普这一帖文截图并配文称，“该称赞的还是要称赞”，特朗普成功解决了全球多宗重大冲突。不过，马斯克未有明确举例说明。</p><p>有网民在帖文下留言表示迷惑，称“老兄，你一会儿批评他，一会儿又称赞他？”，“又成朋友了？”；另有网民称，不懂特朗普与马斯克之间“爱恨交织的关系”。</p><p>马斯克最近因反对“大而美”税收和支出法案而与特朗普关系“破裂”。特朗普稍早声言，可能要让政府效率部(DOGE)调查一下马斯克旗下多间公司获取政府补贴的情况，又称会考虑将马斯克驱逐出美国，特斯拉股价昨日一度大跌超7%。</p><p>截至发稿，特斯拉盘前涨超1%。</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/577e3b6900f0ee088821e34044f7b68a\" title=\"\" tg-width=\"450\" tg-height=\"126\"/></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/173fde582312fee7c623bc652b87a77f","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120804839","content_text":"特斯拉CEO马斯克周三(7月2日)在社交平台X上发帖文，称赞特朗普在解决地区冲突中发挥的作用。特朗普稍早在社交平台上表示，美国和以色列就加沙局势进行长时间会谈，以色列已同意与哈马斯达成60日停火协议的必要条件，呼吁哈马斯也接受协议。马斯克其后在X平台上分享特朗普这一帖文截图并配文称，“该称赞的还是要称赞”，特朗普成功解决了全球多宗重大冲突。不过，马斯克未有明确举例说明。有网民在帖文下留言表示迷惑，称“老兄，你一会儿批评他，一会儿又称赞他？”，“又成朋友了？”；另有网民称，不懂特朗普与马斯克之间“爱恨交织的关系”。马斯克最近因反对“大而美”税收和支出法案而与特朗普关系“破裂”。特朗普稍早声言，可能要让政府效率部(DOGE)调查一下马斯克旗下多间公司获取政府补贴的情况，又称会考虑将马斯克驱逐出美国，特斯拉股价昨日一度大跌超7%。截至发稿，特斯拉盘前涨超1%。","news_type":1,"symbols_score_info":{"TSLA":1.1}},"isVote":1,"tweetType":1,"viewCount":1680,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}