Krypton Evening News | Lu Weibing: Xiaomi's R & D and capital investment in the AI field is expected to exceed 16 billion yuan this year; Mixue Group: Revenue in 2025 was 33.56 billion yuan, a year-on-year increase of 35.2%; HSBC appoints its first Chief AI Officer

Large companies:

Nongfu Spring: Annual revenue in 2025 was 52.55 billion yuan, a year-on-year increase of 22.5%

36Kr learned that Nongfu Spring announced that its revenue in 2025 was 52.55 billion yuan, a year-on-year increase of 22.5%, with a forecast of 50.53 billion yuan; the annual net profit was 15.87 billion yuan, a year-on-year increase of 30.9%, with a forecast of 14.99 billion yuan; the final dividend per share was 0.99 yuan.

Lu Weibing: Xiaomi's R & D and capital investment in the AI field is expected to exceed 16 billion yuan this year

36Kr learned that on March 24th, Lu Weibing, a partner and the president of Xiaomi Group, said at the earnings conference call that Xiaomi's large AI model has achieved rapid development, far exceeding expectations. It's almost impossible to find a second company globally that can implement physical AI in multiple spaces of people, vehicles, and homes simultaneously. This is Xiaomi's unique opportunity. The recently released second - generation MiMo large model has initially completed the layout of the full - series models for the Agent era. Lu Weibing reiterated that Xiaomi's R & D and capital investment in the AI field is expected to exceed 16 billion yuan this year, and the investment will reach 60 billion yuan in the next three years, focusing on areas such as large models, embodied intelligence, and AI applications.

Yuanjie Technology: Net profit reached 191 million yuan in 2025, a year-on-year increase of 138.50%

36Kr learned that Yuanjie Technology announced that its operating income in 2025 was 601 million yuan, a year-on-year increase of 138.50%. The net profit attributable to shareholders of the listed company was 191 million yuan, and the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 167 million yuan. The company plans to distribute a cash dividend of 7 yuan (tax included) for every 10 shares to all shareholders.

Lu Weibing: Xiaomi miclaw will be expanded to computers and smartwatches in the future, and he opposes conceptualizing the "AI phone"

36Kr learned that on March 24th, Lu Weibing, a partner and the president of Xiaomi Group, revealed in an earnings conference call that Xiaomi miclaw is a new breakthrough for Xiaomi in the Agent era and a crucial step for Xiaomi to implement AI across the entire ecosystem of vehicles, homes, and mobile devices. Recently, miclaw has added support for models such as the Xiaomi 15S Pro and the REDMI K90 series, and it will be expanded to more devices in the future, including PCs and smartwatches. Lu Weibing also mentioned that he has always been against conceptualizing the AI phone. An AI phone must bring about a significant change in human - machine interaction. In the future, miclaw will be fully integrated with Xiaomi HyperOS and all devices in the vehicle - home - mobile ecosystem.

Haidilao: Revenue of 43.225 billion yuan in 2025, a year-on-year increase of 1.1%

36Kr learned that Haidilao announced its full-year performance for 2025. The announcement shows that in 2025, it achieved a revenue of 43.225 billion yuan, a year-on-year increase of 1.1%; the net profit for the year was 4.042 billion yuan, and the core operating profit was 5.403 billion yuan. In 2025, Haidilao's takeaway business revenue reached 2.658 billion yuan, a year-on-year increase of 111.9%; other restaurant operating revenues reached 1.521 billion yuan, a year-on-year increase of 214.6%. As of the end of 2025, the company operated a total of 1,383 restaurants, including 1,304 self - operated stores and 79 franchised stores.

SenseTime: Revenue of 5.01 billion yuan in 2025, a year-on-year increase of 32.9%

36Kr learned that SenseTime announced that its revenue in 2025 was 5.01 billion yuan, a year-on-year increase of 32.9%; the net loss narrowed by 58.6% year-on-year to 1.782 billion yuan, and the adjusted net loss narrowed by 54.3% year-on-year to 1.956 billion yuan; the EBITDA in the second half of 2025 was 376 million yuan, turning positive for the first time since listing. The group's operating cash flow in the second half of the year achieved a positive net inflow for the first time since listing.

Xiaomi Group: Revenue Reached 457.29 Billion Yuan in 2025, a Year-on-Year Increase of 25%

36Kr learned that Xiaomi Group released its financial reports for the fourth quarter and the whole year of 2025. The reports show that Xiaomi Group's annual revenue in 2025 was 457.29 billion yuan, a year-on-year increase of 25%; the adjusted net profit was 39.17 billion yuan, a year-on-year increase of 44%. In the fourth quarter, the revenue was 116.92 billion yuan, a year-on-year increase of 7.3%; the adjusted net profit was 6.35 billion yuan.

National Highway Traffic Safety Administration: Ford to Recall Over 250,000 Vehicles in the U.S.

On March 24, the National Highway Traffic Safety Administration said that Ford Motor Company will recall 254,640 vehicles in the United States due to potential issues of rearview camera image loss and malfunctions in some advanced driver - assistance features. (Jiemian)

Tesla sold 17,664 vehicles in Europe in February, a year-on-year increase of 11.8%

Data released by the European Automobile Manufacturers' Association on March 24 showed that car sales in Europe increased by 1.7% year-on-year to 979,321 units in February. Among them, Tesla sold 17,664 vehicles, a year-on-year increase of 11.8%, and BYD sold 17,954 vehicles, a year-on-year increase of 162.3%. Both BYD and Tesla had a market share of 1.8% in the European market that month. (Jiemian)

Mixue Group: Revenue Reached 33.56 Billion Yuan in 2025, a Year-on-Year Increase of 35.2%

36Kr learned that Mixue Group released its annual performance announcement for 2025. During the reporting period, the company achieved a revenue of 33.56 billion yuan, a year-on-year increase of 35.2%; gross profit was 10.45 billion yuan, a year-on-year increase of 29.7%; net profit attributable to the parent company was 5.88 billion yuan, a year-on-year increase of 32.7%. As of the end of 2025, Mixue Group had approximately 60,000 stores globally, among which there were about 44,000 Mixue Bingcheng stores in China.

Green Tea Group: Adjusted net profit of 509 million yuan in 2025, a year-on-year increase of 41%

36Kr learned that on March 23, Green Tea Group released its full-year performance for 2025. During the reporting period, Green Tea Group achieved an operating income of 4.76 billion yuan, a year-on-year increase of 24.1%; the adjusted net profit reached 509 million yuan, a year-on-year increase of 41%; the adjusted net profit margin reached 10.7%, a 1.3-percentage-point increase compared to the previous year. As of the end of 2025, the number of stores nationwide reached 609, with 157 new stores opened throughout the year, a year-on-year increase of 31%.

HSBC Appoints First Chief AI Officer

On March 23 local time, HSBC Holdings announced the appointment of David Rice as its first Chief Artificial Intelligence Officer, effective April 1. Rice previously served as the Chief Operating Officer of the company's corporate and institutional banking business. This position aims to provide clear leadership for the application of artificial intelligence within the company. (Jiemian)

Investment and Financing:

Fao Robotics Completes Nearly $100 Million Series C Financing

36Kr learned that recently, Fao (Suzhou) Robotics Technology Co., Ltd. completed nearly $100 million in Series C financing. This round of financing was led by the China Life Double Carbon Fund managed by China Life Capital, a subsidiary of China Life Investment. Existing shareholders such as Shunwei Capital, Source Code Capital, and Qingliu Capital continued to participate in the investment. This round of financing will further strengthen the company's global operation and synergy capabilities.

"Huake Cold Core" Completes Pre-A Round of Financing Worth Tens of Millions of Yuan

36Kr learned that recently, "Huake Cold Core" has completed a Pre-A round of financing worth tens of millions of yuan. The investment was led by Gezhi Capital, and co-invested by Feirongda, a liquid cooling technology innovation enterprise, Tsinghua Alumni Fund, and Huagong Venture Capital. Zhongke Chuangxing, a deeply incubating shareholder, continued to increase its investment. The financing funds will be used to accelerate the expansion of the liquid cooling applications of high-performance micro pumps in fields such as AIDC (Artificial Intelligence Data Center), embodied robots, and commercial space.

"Dalan Technology" Completes Angel and Pre - A Rounds of Financing, with a Total Amount Reaching Tens of Millions of US Dollars

36Kr learned that "Dalan Technology", a technology innovation team focusing on long - distance imaging scenarios, completed the angel and Pre - A rounds of financing within a month, with a total financing amount reaching tens of millions of US dollars. The financing was led by Sequoia China and Mingzhi Venture Capital, and the old shareholder, Jiacheng Capital, continued to follow - up invest. The financing funds will be mainly used for the R & D of core products, supply chain, and organizational construction.

New Products:

ZhiXiang Future Launches Multi-modal Native Lobster Application Product "HiDreamClaw"

36Kr learned that ZhiXiang Future has officially launched its first multi-modal lobster application product, HiDreamClaw, which is accessible on the web version of its personal creative product, vivago, and is open to overseas users. It is understood that HiDreamClaw is built-in with HiDream AIGC Skill, supporting image and video generation. In addition to its self-developed image and video models, it also integrates SOTA models such as Nano Banana, Veo, and Sora. Users can use this product to complete the entire creative process tasks, including inspiration organization, draft writing, content polishing, and creative assistance. Meanwhile, it also supports daily task management and intelligent replies.

Other Noteworthy News:

Spot gold breaks through $4,440 per ounce

36Kr learned that spot gold has broken through $4,440 per ounce, with an intraday increase of 0.84%.

Gold prices fall, leading to a surge in the number of customers at jewelry stores in many parts of India

The international gold price has dropped significantly in the past two weeks. On the 23rd, both the gold futures price on the New York Mercantile Exchange in the United States and the spot gold price in London fell below $4,200 per ounce during trading on the 23rd, erasing all the gains since the beginning of this year. In India, as the retail price of gold has fallen, the number of customers at jewelry stores in many parts has surged. Data shows that currently, the price of 24K gold in India is around 13,000 rupees per gram, approximately equivalent to 960 yuan. Industry insiders pointed out that in recent days, there has been a bustling scene again at jewelry stores in many parts of India. (CCTV Finance)

Chengdu Introduces New Housing Provident Fund Policies, with Maximum Loan Limit Raised to 1.2 Million Yuan

36Kr learned that, according to Chengdu Release, on March 24th, the Chengdu Housing Provident Fund Management Center held a press conference to release new policies. To further boost housing consumption, better meet the rigid and improved housing needs of depositors, and promote the stable and healthy development of the real - estate market, Chengdu has introduced a series of policy measures, including the "Notice on Further Optimizing Relevant Housing Provident Fund Policies", the "Notice on Further Supporting Housing Consumption - Related Matters", the "Notice on Further Optimizing the Withdrawal of Housing Provident Fund for Major Diseases", and the "Notice on Adjusting Relevant Housing Provident Fund Loan Policies". The maximum loan limit has been raised to 1.2 million yuan, the number of loan times is no longer restricted, and the criteria for identifying first - home purchases have been further relaxed.

China's First AI Data Analysis Platform in the New Energy Storage Field Put into Use

According to reporters from China Southern Power Grid, China's first independently developed AI data analysis platform for new energy storage was officially put into use yesterday. It is reported that the platform is connected to new energy storage devices of different technical types. Relying on AI self - learning and massive data analysis, the platform can remotely and real - time detect potential defects in the devices, automatically generate operation and maintenance plans and handle them promptly. Currently, the platform has been connected to 8 new energy storage power stations, covering areas such as Guangdong, Yunnan, and Hainan, with more than 2.3 million data collection points. After a one - year trial operation, the equipment failure rate of the 8 power stations has been reduced by 34%, the consumption of new energy has increased by about 30%, and the system regulation ability has been significantly enhanced. (CCTV News)