Goldman Sachs: Raises target price for Xiaomi Group-W to HK$69, consolidates leadership in China's high-end automotive market through YU7

智通财经2025-06-27

Goldman Sachs believes that consumer demand for the Xiaomi YU7 far exceeds the bank's and the market's expectations, which should solidify Xiaomi's leading position in China's high-end car market. Goldman Sachs released a research report stating that Xiaomi Group-W (01810) officially launched the highly anticipated YU7. Orders reached 200,000 in the first three minutes after sales began (of which more than 122,000 orders were confirmed), and 289,000 in the first hour. Although the 5,000 RMB order deposit is refundable within 7 days (the same as when the SU7 was released), and a small portion of the order was converted from uncompleted SU7 orders, it is still believed that consumers have concerns about Xiaomi...

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Although the 5,000 RMB order deposit is refundable within 7 days (the same as when the SU7 was released), and a small portion of the order was converted from uncompleted SU7 orders, it is still believed that consumers have concerns about Xiaomi...</p><p><a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250627163348a7206460&s=b\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250627163348a7206460&s=b\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"81810","symbol_name":"小米集团-WR","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250627163348a7206460&s=b","article_id":"2546901807","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250627163348a7206460&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2546901807","pubTimestamp":1751011800,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"高盛认为消费者对小米YU7的需求远超该行和市场的预期，应能巩固小米在中国高端汽车市场的领导地位。虽然5,000元人民币(下同)的订单定金在7天内可退，且订单中包含一小部分从SU7未完成订单转换而来，但仍认为消费者对小米YU7的需求远超该行和市场的预期，应能巩固小米在中国高端汽车市场的领导地位。目标价由65港元升至69港元，维持“买入”评级。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":["rate"],"viewcount":null,"language":"zh","relate_stocks":{"81810":"小米集团-WR","01810":"小米集团-W"},"translate_title":"Goldman Sachs: Raises Xiaomi Group-W target price to HK $69 to consolidate its leadership position in China's high-end auto market through YU7","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":0.9,"01810":1},"content_text":"高盛认为消费者对小米YU7的需求远超该行和市场的预期，应能巩固小米在中国高端汽车市场的领导地位。高盛发布研报称，小米集团-W(01810)正式发布备受期待的YU7，销售开始后首3分钟订单量达到20万(其中超过12.2万订单已确认)，首小时内达到28.9万。虽然5,000元人民币(下同)的订单定金在7天内可退(与SU7发布时一致)，且订单中包含一小部分从SU7未完成订单转换而来，但仍认为消费者对小米YU7的需求远超该行和市场的预期，应能巩固小米在中国高端汽车市场的领导地位。目标价由65港元升至69港元，维持“买入”评级。YU7标准版、Pro版和Max版的零售价分别为25.35万、27.99万及32.99万元，基本符合该行预期YU7平均售价为28.5万元，相较于竞争对手仍具高度竞争力。由于小米SU7是今年迄今中国最畅销的高端轿车型号，该行认为YU7以其在尺寸/内部空间、驾驶性能/动力系统和续航能力的突出表现，正强势进入中国高端SUV市场，目前该市场的领先者包括特斯拉Model Y和理想L6。高盛上调小米2025至2027年电动车交付量及电动车收入预测1%至6%，现时预期2025至2027年电动车交付量分别为41.1万辆、80万辆及117.4万辆，而不包括电动车的小米收入预测大致维持不变。同时将小米2025至2027年经调整净利润预测上调1%至4%，但由于预期小米将维持较高的研发密集度，因此上调了研发开支假设，部分抵销了上调后的经调整净利润预测。该行另预测小米2024至2027年收入和净利润年复合增长率分别为27%和40%。追加内容本文作者可以追加内容哦 !","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2546901807","isCrawlerRequest":true}