CLSA anticipated XIAOMI-W (01810.HK) +0.950 (+1.894%) Short selling $510.79M; Ratio 14.852% 1Q25 results to be strong, with revenue expected to rise 44.6% YoY to RMB109 billion, and adjusted net profit projected to mount 54% YoY to RMB10 billion. Xiaomi's sales in China for smartphones, IoT, and electric vehicles (EVs) are all faring strongly, thanks to trade-in subsidies and market share growth. The gross margin was estimated to tick up QoQ, and losses in the EV business may further narrow to RMB650 million.Related NewsJPM Expects XIAOMI-W (01810.HK) to Post Strong 1Q Earnings Growth, Keeps TP/ Rating at $60/ NeutralXiaomi delivered 76,000 EVs in 1Q25 and raised its forecast for Xiaomi's EV deliveries for 2025 to 400,000 units. It also increased its adjusted net profit forecast for Xiaomi by 8% and 4% for 2025 and 2026, respectively. The rating of High Conviction Outperform was maintained, with a target price of HKD69.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 12:25.)