Bernstein, the research division of Societe Generale, released a report indicating that XIAOMI-W (01810.HK) +0.800 (+1.497%) Short selling $937.05M; Ratio 13.313% delivered shiny 1Q25 results. Revenue leapfrogged 47.4% YoY, with a record-high GM of 22.8%, and profit surged by 161%. In light of stronger-than-expected business development, the revenue forecasts on XIAOMI-W for 2025 and 2026 were raised by 4% and 3%, respectively, and EPS forecasts were lifted by 28% and 16%.Related NewsCCBI Lists Top 10 Focus Stocks in HK for 2H25 (Table)XIAOMI-W's positive 1Q25 results were partly driven by national subsidy policies boosting sales of smartphones and IoT products, as well as improvements in product quality, technological capabilities, and brand equity. Bernstein was also upbeat on the outlook for XIAOMI-W's EV business. The Outperform rating for XIAOMI-W was reiterated, with the target price hiked from HKD55 to HKD60. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-05 16:25.)