BOCI published a research report forecasting that XIAOMI-W (01810.HK) 0.000 (0.000%) Short selling $504.37M; Ratio 15.585% 's 1Q26 total revenue will be RMB100 billion, down about 14% QoQ, mainly dented by an over 40% decline in vehicle deliveries. In terms of gross margin, the broker expected core businesses to outperform the market's pessimistic expectations. Smartphone gross margin is projected to rebound to above 9.5%, while the IoT segment is expected to return to a high level of 25%.Related NewsXIAOMI-W (01810.HK) Gains 1.5% Against Market Trend; G Sachs Expects 1Q26 Profit to Beat ForecastsWhile acknowledging that a near-term inflection point in fundamentals has yet to emerge, BOCI remained positive on the Company's underlying resilience to emerge from the cyclical trough, and believed that XIAOMI-W's unique 'Human x Car x Home' ecosystem and self-developed full-stack AI capabilities could position it as a leader in the rise of the physical AI era. Therefore, the broker kept rating at Buy, with a target price of $41.6.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-13 16:25.)
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