01810 XIAOMI-W
- 28.150
- +0.150+0.54%
XIAOMI-W News
Taking the lead independently, with foreign investment closely following; range-extended hybrid technology sweeping the global market.
①On November 20 local time, Stellantis Group announced the launch of the STLA Frame vehicle platform. ② Stellantis Group introduced that vehicles equipped with this platform will first be equipped with innovative powertrains, including pure electric and extended-range, and in the future can also be equipped with internal combustion engines, hybrid power, and hydrogen energy power systems.
[Brokerage Focus] Open Source Securities maintains a 'buy' rating for Kingsoft (03888), pointing out that Kingsoft Cloud is expected to benefit from the Xiaomi ecosystem and AI-driven initiatives, which may enhance its valuation.
Kingsoft Financial News | According to research from Open Source Securities, the office software business of Kingsoft (03888) experienced a year-on-year revenue growth of 12.5% in Q3 2024, with the monthly active users of major products increasing by 4.9% year-on-year and accelerating quarter-on-quarter. The revenue from personal subscription services grew by 17.2% year-on-year, and WPS AI 2.0 provided a more convenient creative experience, enhancing paid stickiness and conversion rates. The revenue from institutional subscriptions remained flat year-on-year and increased by 23.8% quarter-on-quarter. The institution estimated that the impact of the shift in subscription model (from annual billing to monthly billing) has significantly diminished, while the company actively expands into state-owned and private enterprise markets, with contracts.
Xiaomi Group-W (01810.HK) granted 49.5937 million share reward shares and a total of 0.51 billion Xiaomi Hong Kong stock options.
On November 20, 2023, Xiaomi Group-W (01810.HK) announced that the company would grant a total of 49,593,741 shares as rewards to 2,425 selected participants, including group employees and service providers, according to the 2023 share plan on November 20, 2024. On the same day, Xiaomi Hong Kong granted a total of 510,335,236 Xiaomi Hong Kong share options to 2,951 selected participants who are employees of the Xiaomi Hong Kong Group according to the 2024 Xiaomi Hong Kong share plan.
Passenger Association: In the first two weeks of November, the retail sales of electric vehicles reached 0.581 million units, a year-on-year increase of 66%.
From November 1 to 17, retail sales of new energy passenger vehicles in the market reached 581,000 units, an increase of 66% compared to the same period last year and a 7% increase compared to the previous month. Since the beginning of the year, cumulative retail sales have reached 8.909 million units, up 41% year-on-year.
Barclays Maintains Xiaomi Corp. Unsponsored ADR Class B(XIACY.US) With Buy Rating, Raises Target Price to $24
Analysts Offer Insights on Technology Companies: Xiaomi Corp. Unsponsored ADR Class B (OtherXIACY), Zoom Video Communications (ZM) and NetApp (NTAP)
Express News | China's Smartphone Sales Down 9% Y/Y During Singles' Day 2024 - Counterpoint Research
[Brokerage Focus] Guotai Junan Securities maintains a buy rating on Xiaomi Group (01810), indicating that its AIoT ecosystem layout further drives its brand positioning upward.
Jinwu Finance and News | According to research released by Kaiyuan Securities, Xiaomi Group (01810) adjusted net income for Q3 2024 is 6.3 billion yuan, a year-on-year increase of 4%, with losses in innovative businesses such as autos narrowing to 1.5 billion yuan: (1) Mobile phone shipments grew to 43.1 million, with a gross margin of 11.7%. (2) IoT revenue reached 26.1 billion yuan, with a gross margin of 20.8%, mainly due to an increased proportion of high-gross-margin products and non-promotional peak season in Q3. (3) Internet plus-related income was 8.5 billion yuan, with a gross margin that decreased by 0.8 percentage points to 77.5%, mainly due to a reduction in advertising business gross margin. (4) Auto sales
Major bank rating | China Merchants International: Upgraded Xiaomi's target price to HKD 32.7, with seasonal performance benefiting from electric vehicles and stronger core business profits.
CMB International published a research report indicating that benefiting from electric vehicles and stronger core business profits, Xiaomi's third-quarter performance exceeded expectations. The management targets to improve the gross margin of electric vehicles on a quarterly basis in the fourth quarter and has increased the annual shipment guidance to 0.13 million units (previously 0.1 million units). The firm maintains an optimistic attitude towards Xiaomi's robust execution of the "human, vehicle, home all-ecosystem" strategy, which benefits from the growth in the global market share of smart phones, expansion of artificial internet of things (AIoT) product categories, and the improvement in electric vehicle shipment trends for the fiscal years 2025 to 2026. The firm reaffirmed its rating for the company as "buy," with a target price raised from 32.29.
[Special Contributor] Deng Shengxing: The beginning of the AI era where Alibaba holds leading value in AI and cloud computing.
Golden Wealth News | On Tuesday (19th), the Hang Seng Index closed at 19,663, up 87 points or 0.4%. The market turnover was 121.9 billion yuan. The National Index rose 0.36%, reporting 7,082; the Technology Index rose 1.23%, reporting 4,395. Gold prices returned to above $2,600, reaching above $2,620 during Asian trading hours, boosting gold mining stocks. Zijin (02899) increased by 4.7%; lithium stocks surged since production was halted at lithium mines in australia, causing lithium carbonate prices to rise over 5%, with ganfenglithium (01772) skyrocketing 13.3%; the Dow Jones Industrial Average closed at 43,268 points on Tuesday (19th), down 120 points or 0.
China Securities Co., Ltd.: The benefits of auto electrification are coming to an end, while asia vets are reshaping the high-end market landscape.
Due to tax discrepancies, the profitability of domestic high-end electric vehicles significantly surpasses that of imported rbob gasoline vehicles. Calculating at a tax-inclusive price of 0.5 million, the tax difference between the two can reach as much as 0.653 million.
US Electric Vehicle Demand Seen Plunging 27% Without Tax Credit
Right For Malaysia's Energy Transition To Include Nuclear
Goldman Sachs rating | Goldman Sachs: Raised Xiaomi's target price to 33.3 Hong Kong dollars, "All-Ecosystem Home" and brand attractiveness continue to increase.
Goldman Sachs report states that Xiaomi's third-quarter performance exceeded expectations, with revenue rising by 30% year-on-year to 92.5 billion yuan, 3% to 4% higher than the bank's and market expectations, with adjusted net income rising by 4% to 6.3 billion yuan, 11% to 25% higher than the bank's and market expectations. Although Xiaomi's revenue and gross margin in all business sectors exceeded the bank's expectations, the main surprise comes from the ai internet of things (AIoT) and electric vehicle (EV) sectors. The bank believes that Xiaomi's third-quarter revenue and profit both exceeded the bank's and market expectations, proving that its "smartphone + ai + iot" ecosystem and brand appeal continue to increase, benefiting its ecosystem.
【Brokerage Focus】Nomura Securities analyzes the 2024 Guangzhou Auto Show: The new energy fund market continues to grow.
Jingu Financial News | Nomura Securities recently released research reports, conducting in-depth analysis of the 2024 Guangzhou Auto Show. The research report points out that with the development of online media platforms, traditional auto shows are gradually transitioning from platforms showcasing new car models and features to sales exhibitions.
CICC: In Q3 24, the maximum increase in the proportion of optional consumer Hong Kong stock holdings, Alibaba-W (09988) is highly favored after its inclusion.
In Q3 2024, the total scale of public fund holdings in Hong Kong stocks rose significantly, and the proportion of southbound trading increased, but it was not an active shareholding.
【Special Guest V】Option Jack: Hong Kong stocks always come back through ups and downs
Golden Finance News | On Monday, November 18, the China Securities Regulatory Commission released news of reasonable market cap valuation, leading to an increase in the stock markets of China and Hong Kong. The Hang Seng Index rebounded after six consecutive days of decline, opening 169 points higher. It then rose by 354 points, reaching a peak of 19,781, before falling back with most of the gains maintained at 19,576, up by 150 points. The turnover of 141 billion yuan was the lowest in two weeks. Today on November 19, the Hang Seng Index rebounded again in the early session, but could not break the spell, falling back before 10 o'clock. It peaked nearly 180 points higher at 19,759, still under pressure near yesterday's high. It then fell all the way down, with further declines in the morning.
Morgan Stanley: Raises Xiaomi's target price to 35.12 Hong Kong dollars, expecting gross margin to continue improving.
Macquarie released a research report indicating that Xiaomi's performance in the third quarter exceeded expectations in various aspects, with revenue increasing by 30% year-on-year, which is 0.8% and 3.2% higher than the bank's and market's predictions, respectively. The group's gross margin and net income also surpassed expectations. The company has raised its electric vehicle production target for this year to 130,000 units and expects the gross margin to continue improving. Macquarie has raised its non-International Financial Reporting Standards earnings forecasts for Xiaomi for 2024 and 2025 by 2.2% and 0.7%, respectively, but lowered its earnings forecast for 2026 by 0.9%. It has also raised the target price from HKD 30.9 to HKD 35.12, maintaining an "outperform" rating. The bank's forecasts...
[Brokerage Focus] CICC slightly raised Xiaomi Group (01810) target price by 1.3%, citing smooth development of its 'people-car-home' ecosystem.
Kim Eng Financial News | CMB International issued research reports, stating that Xiaomi Group (01810) 3Q24 revenue and adjusted net income increased by 31% and 4% year-on-year respectively. The adjusted net income performance exceeded the bank's previous forecast and market consensus expectations by 3%/6%, mainly due to the strong gross margin of the EV autos business and other core business gross margins, as well as the fair value of the company's investment symbols increasing year-on-year. The gross margin of Xiaomi's EV business this quarter reached 17.1%, a significant increase compared to 15.4% in 2Q24, mainly due to the increase in EV ASP, reduction in per-car component costs, and.
Hong Kong stocks morning report on November 19: Hong Kong Exchanges and Clearing is preparing various optimization measures for mutual market access. Goldman Sachs predicts a 15% increase in the MSCI China Index by 2025.
① The Hong Kong Stock Exchange stated that it is preparing multiple optimization measures for mutual connectivity. ② S.F. Holding plans to issue 0.17 billion H shares through an IPO in Hong Kong. ③ Goldman Sachs expects the MSCI Chinese Index to rise by 15% by 2025. ④ Xiaomi's revenue in the third quarter increased by approximately 30% year-on-year.
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