XIAOMI-W (01810.HK) -0.350 (-0.658%) Short selling $1.13B; Ratio 19.518% has underperformed the market over the past month, with its share price plunging 10%, compared to the HSI's approximate 1.5% rise during the same period, JPMorgan released a research report saying. This is believed to be due to market concerns over the slowdown in earnings from core businesses such as smartphones and IoT in 2H25, in line with JPMorgan's view when it downgraded the stock to Neutral in March 2025.The broker currently forecasted that XIAOMI-W's 2025 smartphone revenue will grow only 5% in 2025, while IoT business revenue will hike 36%, with a noticeable slowdown in both segments in 2H25. The delivery volume of EV remained at about 30,000 units per month since March 2025, and demand for the new model YU7 remained strong. Related NewsCICC Drops XIAOMI-W's TP to HKD70, Expects 2Q Adj. NP to Surge 64.8%Therefore, JPMorgan kept rating at Neutral for XIAOMI-W, with a target price of $60.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-15 16:25.)