高盛发表研究报告指，小米集团(01810.HK) 电动汽车工厂二期准备投产，很可能可在下个月开始试产，由于小米SU7的订单量近期已恢复到更正常水平，预计二期工厂投产将有效地提升小米在小米SU7和YU7系列的电动汽车生产力，目前认为YU7仍能按计划在6月至7月正式发布，维持今明两年YU7销量预测为约8.5万辆及36万辆不变。
另外，根据Canalys和IDC的数据，今年首季度全球智能手机出货量按年增长1%。而小米于全球市场份额按年保持稳定为14%，出货量达4,180万部，当中在中国的智能手机出货量按年增幅达到40%。高盛认为是来自国家补贴计划的支持，以及集团自去年第四季发布小米15系列以来的持续高端化发展战略。
计及美国关税带来的宏观不确定性对海外业务的影响，高盛将小米2025至2027年非电动汽车业务的经调整净利润预测下调4%至9%，目标价从63元降至59元，维持“买入”评级。(gc/w)(港股报价延迟最少十五分钟。沽空资料截至 2025-04-17 12:25。)
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