On the logistics side, fees paid to a single service provider increased from RMB 94 million to RMB 158 million, and the company operated 16 overseas warehouses. On the production side, it adopted a dual self-operated factory model in China and Thailand, emphasizing in-house R&D and manufacturing to control quality—but this also raised its fixed-cost base. In 2024, net profit margin was below 2%, leaving limited room for earnings leverage.
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乔忠良：我在小米主要学会了三件事：爆品、群众路线、统一战线。
2023年2月成立起，小雨智造就瞄准“工业通用具身智能”的目标。焊接机器人作为“沿途下蛋”的第一款产品，在2025年第四季度进入客户产线。