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| HSI1 | 25,668.03 | 0.00 | -- |
| HSCEI1 | 8,531.58 | 0.00 | -- |
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2026-08-06 10:53:01 Sales of XIAOMI-W (01810.HK)'s smartphones and AIoT products continue to face acute challenges owing to spiking component costs, compounded with a high base driven by subsidy policies in the China market last year, CLSA said in a research report. The broker estimated XIAOMI-W's total revenue for 2Q26 to fall 6% YoY to RMB108.9 billion, and adjusted net profit to drop 44% YoY to RMB6.1 billion. CLSA projected smartphone revenue during the period to decline 8% YoY to RMB41.7 billion, with global shipments falling 26% YoY. In addition, XIAOMI-W's EV revenue for 2Q26 was projected to hit RMB25.6 billion. The broker lowered its EV delivery forecast for this year to 460,000 units, but expected the ASP to improve and potentially reach RMB250,000-260,000 in 4Q26. CLSA trimmed its adjusted net profit forecast for XIAOMI-W by 4%-5%, and cut its TP from HKD41 to HKD37, with rating maintained at Outperform. ~ AASTOCKS Financial News Website: www.aastocks.com | |