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<Foresight>Brokers Project XIAOMI-W 3Q Adj. NP to Rise 61% YoY; Focus on Smartphone Cost & Auto Biz Profit
Recommend 14 Positive 21 Negative 4 |
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XIAOMI-W (01810.HK) is scheduled to announce its 3Q25 results next Tuesday (18th). Results may be impacted by slower smartphone and AIoT sales, driven by lower shipments in China and India. XIAOMI-W's global smartphone shipments reached 45.3 million units in 3Q25, up 2% QoQ, with 10 million units shipped within the Chinese market, according to IDC data. Market expectations suggest XIAOMI-W's EV delivery volume amounted to over 100,000 units in 3Q25, boosting its results. As summarized by our reporters, 14 brokers projected XIAOMI-W's 3Q25 non-IFRS adjusted net profit to range from RMB9.51 billion to RMB10.557 billion, up 52.1-68.9% YoY from RMB6.252 billion in the same period last year. Median was RMB10.051 billion, up 60.8% YoY. XIAOMI-W's smartphones are primarily concentrated in emerging markets, where lower average selling prices may constrain quarterly revenue growth, with rising component costs for DRAM, NAND Flash and others. Investors will focus on the guidance of XIAOMI-W's management on smartphone product costs & gross profit margins, shipment for the coming quarters, the profitability of its auto business, production capacity expansion and the planned delivery of gross profit margin. ------------------------------------------------------------- Broker│3Q25 Non-IFRS Adjusted Net Profit Forecast (RMB)│YoY Change CICC│10.557 billion│+68.9% BOCI│10.478 billion│+67.6% UBS│10.403 billion│+66.4% Citi│10.239 billion│+63.8% Huatai Securities│10.169 billion│+62.7% BofA Securities│10.069 billion│+61.1% Daiwa│10.065 billion│61% Guotai Haitong Securities│10.037 billion│+60.5% Goldman Sachs│10.037 billion│+60.5% CMBI│10.014 billion│+60.2% CLSA│10.005 billion│+60% CCBI│9.714 billion│+55.4% Jefferies│9.698 billion│+55.1% Haitong International│9.51 billion│+52.1% Based on XIAOMI-W's non-IFRS net profit of RMB6.252 billion for 3Q24 AAStocks Financial News Website: www.aastocks.com |
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