01810 XIAOMI-W
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XIAOMI-W News
Major bank rating | ubs group: raised target price for Xiaomi to HKD 33.5. In the third quarter, core business profit and electric vehicle business gross margin both exceeded expectations.
UBS Group's report pointed out that Xiaomi's performance in the third quarter hit a record high, with profits from core businesses (smart phones, internet of things and lifestyle consumer products, as well as internet services) and the gross margin of its electric vehicle business exceeding the bank's and market expectations. The bank believes that Xiaomi's strong execution in high-end global strategy will drive stable growth in its core profits and unleash the upside potential of its smart electric vehicle business. The bank reiterates a "buy" rating on Xiaomi, raising the target price from HK$20 to HK$33.5, and expects the average annual compound growth rate of Xiaomi's smart phone sales from 2025 to 2027 to stabilize at 5.2%, compared to 2024.
Chinese Automakers BYD, Leapmotor and Xiaomi Smash Annual Delivery Targets Ahead of Schedule
Building Apple Products Has Become a Side Hustle for China's Biggest EV Maker
November electric vehicle delivery report: BYD's electric vehicle sales exceeded 0.5 million, Xiaopeng broke through 0.03 million for the first time, and Chongqing Sokon Industry Group Stock saw a year-on-year sales growth of 54.58%.
Last month, the delivery volume of the Xiaomi SU7 continued to exceed 20,000 units, and Xiaomi expressed confidence in achieving the new delivery target of over 130,000 units for the year.
Express News | Exclusive-Mercedes-Benz to Use Momenta Software in 4 Car Models in China: Sources
Hefei issued 44 million yuan in consumer vouchers and Ideal launched a zero-interest financial plan. Local governments and car companies are competing for the year-end "consumption wave".
① On November 29, according to the Hefei Municipal Bureau of Commerce, from November 29 to December 8, 2024, new consumer vouchers for autos will be issued in Hefei, totaling 44 million yuan. ② On the same day, Li Auto announced a limited-time 0% interest policy until the end of the year. From now until December 31, users purchasing the Li L-series and Li MEGA can enjoy a minimum down payment financing plan with 0% interest for 3 years.
【Brokerage Focus】Industrial Securities maintains a "buy" rating on Xiaomi Group (01810) and is bullish on the company's strategy for high-end smartphones.
Jinwu Financial News | Industrial Securities released a research report indicating that Xiaomi Group (01810) had a revenue of 92.5 billion yuan in Q3 2024 (in RMB, the same below; YoY +30.5%, QoQ +4.1%), which is higher than Factset's consensus expectation of 91.2 billion yuan. The net income was 5.34 billion yuan (YoY +9.7%, QoQ +5.3%), exceeding Factset's consensus expectation of 4.846 billion yuan. The Non-IFRS net income was 6.252 billion yuan (YoY +4.4%, QoQ +1.2%), which is also above Factset's consensus expectation of 5.961 billion yuan.
Zhitong Hong Kong Stock Short Selling Statistics | November 29
Hong Kong stock short-selling statistics | November 29.
Grow With Xiaomi: Building a Sustainable Open Ecosystem for Apps, Services and Contents
China Automobile Circulation Association: From November 18 to 24, the average daily trade volume of used cars was 0.0655 million vehicles, a decrease of 1.76% compared to the previous period.
In the third week of November, the daily average trading volume of used cars was 65,500 vehicles, a decrease of 1.76% compared to last week, but an increase of 2.1% compared to the same period in October.
gtja: Cloud applications and terminal asia vets drive industrial upgrades; AI track companies are welcoming significant development opportunities.
Tai Jun An released a research report stating that with the acceleration of AI application processes and the continuous emergence of scenario implementation cases, coupled with the dual drive of cloud applications and asia vets for industrial upgrades, companies in the AI track are ushering in important development opportunities.
EV Sales Slow As Consumers Grow Weary Over High Costs, Charging NeedsHybrid Cars Have Outperformed Expectations Originally Set for EVs in 2024
BYD Shows China's Car Business Isn't Getting Easier for Anyone, Including Tesla -- Barrons.com
Market Chatter: Qualcomm, MediaTek May Lose Xiaomi Sales as Chinese Firm Prepares In-House Mobile Chip
Future of EV Manufacturing Market Worth 46,315 Thousand Units by 2035| MarketsandMarkets
Apple iOS to Pick up Pace Vs Android in 2025 After Modest Smartphone Growth in 2024: IDC
Express News | Shipments of Foreign Branded Phones Including Apple Iphones Within China Down 55.75% Y/Y at 6.22 Million Handsets in Oct - Reuters Calculations Based on Caict Data
Express News | Shipments of Smartphones Within China up 1.8% Y/Y at 29.67 Million Handsets in Oct - Caict
QUALCOMM (QCOM) Faces New Competition as Xiaomi Enters AI Chip Market
[Hong Kong Stock Connect] Xiaomi (01810) officially laid the foundation for its first asia vets home appliance factory in wuhan.
Kingnet Financial News | Lei Jun, partner and president of Xiaomi Group (01810), president of the phone department, announced on Weibo that Xiaomi's first asia vets home appliance factory officially started construction in wuhan today. Lei Jun stated that this is another large asia vets factory for Xiaomi after the "Xiaomi Smartphone Smart Factory" and "Xiaomi autos Factory". According to the pictures released by Lei Jun, the Xiaomi asia vets home appliance factory is located in wuhan east lake high technology group, covering an area of 751 acres, and is expected to achieve mass production in 2026.
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