XIAOMI-W (01810.HK)  +1.200 (+2.337%)    Short selling $1.21B; Ratio 16.848%   Partner and Group President Lu Weibing stated during the earnings call that the price war of home appliance industry was vigorous in the first half of this year, yet Xiaomi was able to withstand the repercussions.

In the second quarter, Xiaomi's large home appliance revenue rallied by 66%, with the average price of air conditioning products increasing by about 10%, achieving growth in both volume and price, Lu said.

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He emphasized that Xiaomi does not participate in the price competition within the home appliance industry and does not care about short-term rankings, focusing instead on whether the long-term landscape will alter.

During the meeting, Xiaomi executives underscored that Xiaomi does not participate in the automotive price war either or any involution competition. The top task for Xiaomi Auto is to deliver automotive products.

Xiaomi Auto's operating losses are narrowing considerably, and it is expected to achieve profit in its new automotive business on a quarterly or monthly basis in the second half of the year, Lu remarked, voicing confidence in the sustained growth of the automotive business.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-22 16:25.)

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