In a report released by CMBI, it was projected that XIAOMI-W (01810.HK)  -1.300 (-2.448%)    Short selling $655.24M; Ratio 10.777%   revenue and adjusted net profit in 1Q25 will grow by 43% and 50% YoY to RMB107.1 billion and RMB9.92 billion, respectively, on the back of a spike in the market share of smartphones, the Internet of Things (IoT) and home appliance businesses benefiting from China's subsidization policy, paired with the margins of all business segments remaining resilient.

The broker upheld a positive outlook for FY2025. In the smartphone business, XIAOMI-W was expected to continue to capture global market share from Apple (AAPL.US)      or Samsung, and expand in Latin America, Europe, Middle East Africa and Southeast Asia.

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In terms of IoT business, China's subsidies continued to develop, AI smart glasses innovative products released, and overseas expansion accelerated. As for the IEV business, SU7 had a strong backlog of orders, and SUV model YU7 had upside potential, with profitability continuing to improve.

CMBI raised its net profit forecast for XIAOMI-W from FY2025 to FY2027 by 3-5%, reflecting better product structure and stronger operating leverage. The broker maintained a Buy rating and slightly raised its target price for XIAOMI-W from HKD59.52 to HKD59.99.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-06 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)