Xiaomi 1810

[winston]

not vested

EV business turns profitable for the first time

Adjusted profit surged 81% yoy in 3Q25 as its EV business turned profitable.

We cut our FY26-27F EPS forecasts by 1.86-2.82% as we expect prolonged memory cost inflation persisting into FY26F and slower IoT business growth.

Reiterate Add with a lower TP of HK$56.0, now based on 20x FY27F P/E.

Source: CGS

https://rfs.cgsi.com/api/download?file= ... 31CC00BB5A

[behappyalways]

中國「AI天才少女」首秀！　羅福莉登場小米新模型發布會｜#鏡新聞
https://m.youtube.com/watch?v=0bm95XmCtxA

[winston]

not vested

Xiaomi reports 23.7 percent drop in Q4 profit

Reported a 23.7 percent ​drop in fourth-quarter profit on ‌Tuesday as the company continued to invest ​heavily in its ​electric vehicle business.

Adjusted net profit ⁠for the quarter ​ended December 31 fell to 6.3 ​billion yuan,

Fourth-quarter revenue came ​in at ​116.9 ⁠billion yuan.

Source: The Standard

https://www.thestandard.com.hk/innovati ... le/327568/

[winston]

not vested

Broker│View

Morgan Stanley│Rising memory costs eroded last quarter's smartphone profitability, and EV sales are this year's key stock price engine

CLSA│Performance in smartphone and AIoT businesses was weak, but the EV business remained outstanding

Goldman Sachs│Last quarter's results were in line, and AI is expected to create value growth through the ecosystem and embodied AI

UBS│Core results were in line

JPMorgan│Profitability in EVs and smartphones declined without signs of improvement, and potentially rising memory costs could pressure earnings

Source: AAStocks Financial News

http://www.aastocks.com/en/stocks/news/ ... -news/AAFN