Xiaomi's Q2 earnings report was a mixed bag: revenue returned to the 100 billion RMB mark, while auto deliveries and average smartphone selling prices hit new highs, with the 'human x car x home' ecosystem advancing steadily. However, rising memory chip costs squeezed gross margins, putting clear pressure on profits. The outlook hinges on whether cost normalization and automotive economies of scale can materialize. With continued heavy R&D investment, long-term growth still requires time to validate.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.