标普升小米(01810.HK)评级展望至正面 智能手机业务仅短期受影响

阿斯达克财经
Dec 08, 2025

标普评级将小米(01810.HK) 评级展望由“稳定”调整至“正面”,以反映其物联网业务大幅增长后,业务组合已更加多元化,降低了公司对智能手机销售的依赖。虽然内存零件价格上升会继续影响智能手机业务,但料影响将会是短暂的。此外,公司的电动车业务将持续扩张,且不会对盈利能力或现金流造成显著拖累。电动车业务方面,标普认为第二座电动车工厂延迟投产,可能影响小米的产能扩张和新车型发布,料2026年小米电动车...

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