Golden Wealth News | Xiaomi Group (01810) is rising against the market trend, up 1.9% as of the time of writing, trading at 34.8 HKD, with a transaction volume of 2.956 billion HKD.
On December 29, Xiaomi's founder, Director, and CEO Lei Jun announced that a New Year's Eve live stream is planned for 8 PM on December 31. According to previous reports, December 28 marked the first anniversary of Xiaomi Autos' official debut, and Xiaomi Autos announced that the annual delivery volume of the Xiaomi SU7 has exceeded 0.13 million units, achieving all annual targets ahead of schedule.
China Merchants Securities Research indicates that the company, as a leading global smartphone brand, is actively advancing its high-end Global Strategy and international expansion, expecting a year-on-year increase of +43% in high-end smartphone sales in 2024; the major appliances Business is entering a new growth phase with vast growth potential; the Internet Plus-Related Business is expected to continue steady growth; the Autos Business gross margin performance continues to exceed expectations, and in 2024, it aims to successfully meet all annual targets for deliveries, autonomous driving technology, and sales networks, along with the ongoing improvement of subsequent vehicle models and the synergy effects of the ecological chain. The company is likely to be ranked among the top tier of domestic new forces and is striving to enter the top five global auto manufacturers by 2015-2020. The firm maintains a "strong buy" rating, Bullish on the company's medium to long-term Market Cap growth potential.
