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samuel_gor
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samuel_gor
samuel_gor
·
2025-05-19
他等着被小米法务起诉
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samuel_gor
samuel_gor
·
2025-05-02
8.5万到47万,2月最高80多万
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samuel_gor
samuel_gor
·
2025-04-09
洪灏水平不行,只会check in和拉黑人
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samuel_gor
samuel_gor
·
2025-03-28
小米出货量全球第三,不会算就回家洗洗睡
小米集团:折价配股豪赌造车,手机高端化形象难塑
3月25日,小米集团在港交所公告称,公司拟配售8亿股现有股份,预计筹资净额约425亿港元,创自上市以来最大规模融资纪录。截至3月25日,雷军持有小米集团24.1%的股份,其他股东持股比例为75.9%。小米集团此次配售资金的另一重要用途是研发投资。截至2024年末,小米集团的现金及现金等价物为337亿元。在手机业务上,以性价比著称的小米手机近年来一直在实施高端化战略。- End -原文标题 : 小米集团:折价配股豪赌造车,手机高端化形象难塑
小米集团:折价配股豪赌造车,手机高端化形象难塑
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samuel_gor
samuel_gor
·
2025-03-18
都是杠精键盘侠,赚不到几个钱每天做t赚1-2个点觉得自己是二级市场之王
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samuel_gor
samuel_gor
·
2025-03-18
隐忧就别买,还价值投资为王,别侮辱这名字
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samuel_gor
samuel_gor
·
2025-03-13
券商那么厉害当初汽车发布怎么没人看好?
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samuel_gor
samuel_gor
·
2025-03-06
没人逼你买
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samuel_gor
samuel_gor
·
2025-02-21
期权亏了,后来改成窝轮而且关注到小米汽车销量增长很猛,就上了小米窝轮。小米是全球范围内唯一一家打通人车家生态的,汽车后面又会进一步反哺手机、家电、其他智能硬件产品,未来非常可期
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samuel_gor
samuel_gor
·
2025-02-20
明天突破50
非常抱歉,此主贴已删除
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src=\"https://fid-75186.picgzc.qpic.cn/20250327105411430d206yvvtkxmnwe9\"/><p>小米集团拟将本次配售及认购事项所得款项的净额,用于加速业务扩张、研发投资以进一步提升科技实力,以及其他一般公司用途。在市场看来,此次融资大概率是投向公司的智能电动汽车业务。</p><p>结合业务来看,小米集团2024年实现交付SU7新车13.69万辆,同时公司将扩厂产能,2025全年交付目标提升至35万辆。收入层面,公司的智能电动汽车等创新业务分部总收入在2024年为328亿元,经调整净亏损为62亿元,相当于每卖出一辆车亏损约4.5万元。随着交付目标的提升,亏损金额可能会进一步扩大,公司需要资金支持以确保产能扩张和持续运营。</p><p>需要指出的是,新能源汽车行业已进入“淘汰赛”阶段,资金储备成为车企生存的关键。</p><p>国际智能运载科技协会秘书长、黄河科技学院客座教授张翔对《第一财经》表示,目前新能源汽车行业处于洗牌阶段,玩家较多,仍聚焦于内卷式价格战的早期阶段。未来行业逐渐步入成熟期,新能源车企数量将会精简,不会维持目前几十家车企的局面,因此2025年可能仍有车企将会出局。</p><p>小米集团此次配售资金的另一重要用途是研发投资。2024年,公司的研发开支同比增长25.9%,达241亿元,主要是智能电动汽车等创新业务相关的开支增加。此外,小米创始人、董事长兼CEO雷军在小米15 Ultra发布会上曾表示,公司在2025年研发预算将超过300亿元。</p><p>截至2024年末,小米集团的<span>现金及现金等价物</span>为337亿元。考虑到公司业务扩张和研发投入,其账上资金可能无法满足上述需求。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20250327105414285d206l1178w2lua0\"/><p>证券之星注意到,公告发布后,3月25日开盘,小米集团股价走低,截至收盘,公司股价报收53.4港元/股,跌6.32%,成交额达718亿港元,创下历史新高。</p><p><strong>02.</strong><strong>出货量跌出前五,高端化战略成效有限</strong></p><p>2024全年,小米集团实现营收3659亿元,同比增长35%;全年经调整<span>净利润</span>达272亿元,同比增长41.3%。</p><p>聚焦于公司的手机业务,2024年,公司的智能手机收入为1918亿元,智能手机出货量为1.69亿台,同比均实现不同程度的增长。同时,公司智能手机的平均售价(ASP)由去年的每台1081.7元增至2024年的每台1138.2元,同比增长5.2%。</p><p>证券之星注意到,虽然公司手机业务在业绩层面表现不俗,但从全球出货量来看,</p><p>公司掉出榜单前五。据Canalys发布的2024年中国大陆智能手机全年出货量数据显示,排名前五的厂商分别为vivo、华为、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、OPPO和荣耀,小米未能上榜。</p><p>这一现象的背后,是2024年华为的强势回归,竞争格局发生了变化,曾经排名第五的小米跌出榜单。</p><img src=\"https://mp.ofweek.com/Upload/News/Img/member25641/202503/wx_article__20a40dcdd3a10fb28ed18bff3f29d6c8.jpg\"/><p>在手机业务上,以性价比著称的小米手机近年来一直在实施高端化战略。公司在2024年财报提及,公司3000元以上的“高端”智能手机出货量占其总体出货量的比例达到了23.3%,同比提升3个百分点。在大陆地区4000-5000元价位段的智能手机市占率达到24.3%。</p><p>不过,产业评论人张书乐指出,小米手机所谓的“高端”,就总体产品来看,更多像是在做中端机里的高端平替。在他看来,不管是品牌还是手机形态上都把高端化架势摆出来的华为,小米依然很难给用户带来明显的高端感受,至少与其他友商相比,区别不大。</p><p>证券之星注意到,今年2月,小米15 Ultra以6499元起售价冲击高端市场。据了解,该款手机在保持旗舰级性能的同时,搭载Leica四摄镜头系统,为用户带来顶级影像体验,但有数码博主反映该手机存在夜景糊片、散热不足、澎湃OS系统Bug频发等五大问题。</p><img src=\"https://fid-75186.picgzc.qpic.cn/20250327105449756d206sj6c19f6wrq\"/><p>此外,在毛利率指标上,高端化战略的实施并未提升公司手机业务的毛利率。2024年,公司该业务毛利率由2023年的14.6%降至2024年的12.6%。对此,公司称主要是核心零部件价格上升所致。</p><p><strong>03.</strong><strong>加码AI开发,多场景生态协同仍需努力</strong></p><p>中国智能手机市场已全面进入存量竞争时代,各大厂商纷纷将AI技术视为破局的关键。</p><p>2024年以来,手机厂商们在AI领域上不再一味比拼大模型参数,而是转向更具体的应用场景落地。在IDC中国研究经理郭天翔看来,现在各个厂商正在试图推动AI手机进入第二阶段,即未来手机通过内置本地化的端侧模型,实现对用户更好地个性化服务,包括一些信息的整合和关联、处理。</p><p>目前,小米集团正在将AI能力逐步应用于智能手机、智能电动汽车和智能家居等产品中,为“人车家生态”战略赋能。同时,公司正在不断加大在AI上的投入。在2024年电话会上,总裁卢伟冰表示将投入总研发经费的1/4,大约70亿至80亿左右到AI中。</p><p>但有分析指出,在AI创新能力上,小米集团尚未有明确解法,小米15旗舰机搭载的AI功能,仍局限于写作、识音等基础层面。相比之下,荣耀的Magic OS 9.0的YOYO智能体已能通过语音实现点外卖等功能,而OPPO的Find X8 Pro则通过ColorOS 15提供一键问屏的功能,解决了用户的搜索需求。</p><p>不仅如此,公司的超级小爱AI助手还曾出现“翻车”。在去年年底的小米年度总结直播中,卢伟冰展示小米手机的超级小爱功能时,出现唤醒失败、语音指令无响应、无法语音发微博等问题,反映出其在智能性、稳定性、响应速度上尚存不足。在这一背景下,小米集团构建真正的多场景智能协同生态,仍需努力。(本文首发证券之星,作者|李若菡)</p><p>- End -</p><p>原文标题 : 小米集团:折价配股豪赌造车,手机高端化形象难塑</p></article></body></html>","source":"tencent","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n小米集团:折价配股豪赌造车,手机高端化形象难塑\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-27 10:54 北京时间 <a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202503271054559724acd7&s=b><strong>Ofweek维科网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>3月25日,小米集团(01810.HK)在港交所公告称,公司拟配售8亿股现有股份,预计筹资净额约425亿港元,创自上市以来最大规模融资纪录。在市场看来,此次融资大概率是投向公司的智能电动汽车业务。证券之星注意到,目前公司的汽车处于平均每卖出一辆车亏损约4.5万元的状态。在公司加速扩张产能以及新能源汽车行业“淘汰赛”加剧的背景下,资金储备成为其生存的关键。手机业务作为公司的基本盘,其营收虽在去年实现...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202503271054559724acd7&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","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","HXXD.SI":"Xiaomi HK SDR 2to1","01810":"小米集团-W","LU0051755006.USD":"摩根大通中国A (dist)","BK1575":"同股不同权","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 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INC"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202503271054559724acd7&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2522399488","content_text":"3月25日,小米集团(01810.HK)在港交所公告称,公司拟配售8亿股现有股份,预计筹资净额约425亿港元,创自上市以来最大规模融资纪录。在市场看来,此次融资大概率是投向公司的智能电动汽车业务。证券之星注意到,目前公司的汽车处于平均每卖出一辆车亏损约4.5万元的状态。在公司加速扩张产能以及新能源汽车行业“淘汰赛”加剧的背景下,资金储备成为其生存的关键。手机业务作为公司的基本盘,其营收虽在去年实现稳步增长,但出货量却跌出市场前五,且公司持续推进的高端化战略成效有限。目前,公司正在加速AI布局,但其在AI技术创新和技术层面仍待突破。01.折价配股输血造车,股价大跌创成交天量公告显示,小米集团此次配售股份占公司现有已发行股本约3.2%,配售价为53.25港元/股,与公告前一日收盘价57港元/股相比,折价约6.6%。同时,公司披露了最新的股权架构。截至3月25日,雷军持有小米集团24.1%的股份,其他股东持股比例为75.9%。上述配售事项完成后,雷军的持股比例将降为23.4%,承配人的持股比例为3.1%,其他股东的持股比例降为73.6%。小米集团拟将本次配售及认购事项所得款项的净额,用于加速业务扩张、研发投资以进一步提升科技实力,以及其他一般公司用途。在市场看来,此次融资大概率是投向公司的智能电动汽车业务。结合业务来看,小米集团2024年实现交付SU7新车13.69万辆,同时公司将扩厂产能,2025全年交付目标提升至35万辆。收入层面,公司的智能电动汽车等创新业务分部总收入在2024年为328亿元,经调整净亏损为62亿元,相当于每卖出一辆车亏损约4.5万元。随着交付目标的提升,亏损金额可能会进一步扩大,公司需要资金支持以确保产能扩张和持续运营。需要指出的是,新能源汽车行业已进入“淘汰赛”阶段,资金储备成为车企生存的关键。国际智能运载科技协会秘书长、黄河科技学院客座教授张翔对《第一财经》表示,目前新能源汽车行业处于洗牌阶段,玩家较多,仍聚焦于内卷式价格战的早期阶段。未来行业逐渐步入成熟期,新能源车企数量将会精简,不会维持目前几十家车企的局面,因此2025年可能仍有车企将会出局。小米集团此次配售资金的另一重要用途是研发投资。2024年,公司的研发开支同比增长25.9%,达241亿元,主要是智能电动汽车等创新业务相关的开支增加。此外,小米创始人、董事长兼CEO雷军在小米15 Ultra发布会上曾表示,公司在2025年研发预算将超过300亿元。截至2024年末,小米集团的现金及现金等价物为337亿元。考虑到公司业务扩张和研发投入,其账上资金可能无法满足上述需求。证券之星注意到,公告发布后,3月25日开盘,小米集团股价走低,截至收盘,公司股价报收53.4港元/股,跌6.32%,成交额达718亿港元,创下历史新高。02.出货量跌出前五,高端化战略成效有限2024全年,小米集团实现营收3659亿元,同比增长35%;全年经调整净利润达272亿元,同比增长41.3%。聚焦于公司的手机业务,2024年,公司的智能手机收入为1918亿元,智能手机出货量为1.69亿台,同比均实现不同程度的增长。同时,公司智能手机的平均售价(ASP)由去年的每台1081.7元增至2024年的每台1138.2元,同比增长5.2%。证券之星注意到,虽然公司手机业务在业绩层面表现不俗,但从全球出货量来看,公司掉出榜单前五。据Canalys发布的2024年中国大陆智能手机全年出货量数据显示,排名前五的厂商分别为vivo、华为、苹果、OPPO和荣耀,小米未能上榜。这一现象的背后,是2024年华为的强势回归,竞争格局发生了变化,曾经排名第五的小米跌出榜单。在手机业务上,以性价比著称的小米手机近年来一直在实施高端化战略。公司在2024年财报提及,公司3000元以上的“高端”智能手机出货量占其总体出货量的比例达到了23.3%,同比提升3个百分点。在大陆地区4000-5000元价位段的智能手机市占率达到24.3%。不过,产业评论人张书乐指出,小米手机所谓的“高端”,就总体产品来看,更多像是在做中端机里的高端平替。在他看来,不管是品牌还是手机形态上都把高端化架势摆出来的华为,小米依然很难给用户带来明显的高端感受,至少与其他友商相比,区别不大。证券之星注意到,今年2月,小米15 Ultra以6499元起售价冲击高端市场。据了解,该款手机在保持旗舰级性能的同时,搭载Leica四摄镜头系统,为用户带来顶级影像体验,但有数码博主反映该手机存在夜景糊片、散热不足、澎湃OS系统Bug频发等五大问题。此外,在毛利率指标上,高端化战略的实施并未提升公司手机业务的毛利率。2024年,公司该业务毛利率由2023年的14.6%降至2024年的12.6%。对此,公司称主要是核心零部件价格上升所致。03.加码AI开发,多场景生态协同仍需努力中国智能手机市场已全面进入存量竞争时代,各大厂商纷纷将AI技术视为破局的关键。2024年以来,手机厂商们在AI领域上不再一味比拼大模型参数,而是转向更具体的应用场景落地。在IDC中国研究经理郭天翔看来,现在各个厂商正在试图推动AI手机进入第二阶段,即未来手机通过内置本地化的端侧模型,实现对用户更好地个性化服务,包括一些信息的整合和关联、处理。目前,小米集团正在将AI能力逐步应用于智能手机、智能电动汽车和智能家居等产品中,为“人车家生态”战略赋能。同时,公司正在不断加大在AI上的投入。在2024年电话会上,总裁卢伟冰表示将投入总研发经费的1/4,大约70亿至80亿左右到AI中。但有分析指出,在AI创新能力上,小米集团尚未有明确解法,小米15旗舰机搭载的AI功能,仍局限于写作、识音等基础层面。相比之下,荣耀的Magic OS 9.0的YOYO智能体已能通过语音实现点外卖等功能,而OPPO的Find X8 Pro则通过ColorOS 15提供一键问屏的功能,解决了用户的搜索需求。不仅如此,公司的超级小爱AI助手还曾出现“翻车”。在去年年底的小米年度总结直播中,卢伟冰展示小米手机的超级小爱功能时,出现唤醒失败、语音指令无响应、无法语音发微博等问题,反映出其在智能性、稳定性、响应速度上尚存不足。在这一背景下,小米集团构建真正的多场景智能协同生态,仍需努力。(本文首发证券之星,作者|李若菡)- End -原文标题 : 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