CCBI's research report covered XIAOMI-W (01810.HK) +0.250 (+0.470%) Short selling $1.52B; Ratio 16.008% 's 1Q25 results beat, with revenue leaping 47% YoY, on the back of the growth across various segments, particularly the IoT. Looking ahead, the broker expected smartphone shipments to climb by 5% and 8% in 2025 and 2026, respectively, while IoT business growth was projected at 30% and 20%, and internet services were estimated to grow by 7% and 6%. Regarding EVs, the broker anticipated shipments of 350,000 and 440,000 units in 2025 and 2026.XIAOMI-W will be a key beneficiary of government subsidies for smartphones and electronic products, with strong gross margins expected due to increased penetration of high-end products. Earnings forecasts for 2025/ 2026/ 2027 were revised up by 8%/ 5%/ 9%, with the target price raised from HK$65 to HK$67, and an Outperform rating kept. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-06-04 16:25.)Related NewsBernstein Raises XIAOMI-W (01810.HK) TP to HKD60, Reiterates Outperform Rating