27806 BPXIAMI@EC2507B.C
- 0.370
- +0.030+8.82%
Express News | Vivo Was the Top Vendor With a Share of 19.2%, Followed by Huawei, Xiaomi With 16.4% and 15.6% Share
[Brokerage Focus] Huaan maintains a "buy" rating on Xiaomi (01810) and expects its Q4 autos gross margin to continue to improve quarter-on-quarter.
Jingwu Financial News | huaan Securities released a research report, in the third quarter, Xiaomi (01810) revenue was 92.5 billion yuan, yoy +30.5%, exceeding expectations by 2.5%; GAAP operating profit reached 6.04 billion yuan, exceeding expectations by 17.7%; adjusted net income was 6.25 billion yuan, exceeding expectations by 5.8%; the bank pointed out that Xiaomi's autos business gross margin reached 17.1%, a significant increase from the previous quarter, higher than the BBG consensus expectation of 12.1%. The continuous optimization of autos gross margin is due to the continuous increase in production capacity utilization rate, with economies of scale becoming evident. In October this year, Xiaomi's Su7 deliveries exceeded 0.02 million.
Cui Dongshu: Maintaining growth is not enough to rely solely on trade-in incentives. Tax incentives for car purchases are needed to stimulate first-time buyers to purchase cars.
Currently, the good effects of the trade-in policy bring a strong year-end momentum. However, this rush will lead to greater pressure on consumer activity in early 2025. Therefore, in early 2025, a strong counterforce is needed to offset the pressure of a weaker consumer year. Thus, relying solely on trade-in for stable growth in 2025 is insufficient; tax benefits on vehicle purchases are necessary to encourage first-time buyers to purchase vehicles.
European Car Sales Flat in October, EVs Gain Ground, ACEA Says
Xiaomi's 2nd EV Model Could Be Launched in Q1 2025, Report Says
Xiaomi (01810) is rumored to plan to launch its second car model on the market in February or March next year.
Jinwu Finance News | According to media reports, insiders from Xiaomi autos revealed: "Xiaomi's second model is planned to be launched in February or March next year." It is reported that another source close to Xiaomi autos also stated that the launch schedule of Xiaomi's second model will be consistent with that of the Xiaomi SU7, which is scheduled for release on March 28, 2024. In response to the above news, a relevant person in charge of Xiaomi Group stated, "The related issues exceed the topic, and no further response can be made."
Retail Sales Of Cars In China Rose 11.3% In October
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.
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
[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
【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.