Early morning trading | Xiaomi Group-W fell more than 2%, reported by the Ministry of Communications and Communications

On October 31, Xiaomi Group-W (01810) closed at HK$44.16 yesterday, opening today at HK$43.6 and HK$43.2 as of the press release, down more than 2%.

Highlights Overview

• LAI JUN CHIEFIN AUTOMOTIVE ARCHITECTURE DEPARTMENT
• Wuhan Smart Home Appliance Factory Submission
• Ministry of Communications and Communications to report service quality issues

Xiaomi Group-W (01810.HK) has a number of new deployments that have attracted market attention in the development of its business. THE GROUP RECENTLY ESTABLISHED THE XIAOMI AUTOMOTIVE ARCHITECTURE DIVISION, LED DIRECTLY BY FOUNDER LAI JUN, TO PLAN THE NEXT-GENERATION SMART ELECTRIC VEHICLE TECHNOLOGY ARCHITECTURE. It is estimated that the cumulative sales volume of its SU7 models has reached 0.258 million units. In addition, Xiaomi's smart home appliance factory in Wuhan has been officially launched, and the annual production of air conditioners is expected to reach 7 million units, helping to improve the Group's capacity layout in the home appliance market.

In terms of industry data, market research agency Omdia reports that Xiaomi remains third in shipments in the global smartphone market. At the same time, Xiaomi has more than 15% share of the consumer surveillance camera market in the Mainland, ranking first, according to Loto Technology data, showing its leadership in specific Internet of Things (IoT) products.

However, the Group has also made news at the service level. The Ministry of Labor and Telecommunications recently reported that there were service quality issues such as downtime among mobile resellers, including Xiaomi. Inside the company, the Group appointed Chen Kai as the General Manager of Xiaomi Home and plans to expand the store to 20,000 stores to deepen its retail strategy of “all-human mobility”.

On a capital flow and technical level, data show that core capital continued to generate net inflows for nearly four trading days. Observing technical indicators, multiple moving averages (MA) of Xiaomi Group-W (01810.HK) show a flat head arrangement. In terms of the derivatives market, the bull market data shows that the new and resale zones of bulls are more concentrated in the recovery level of $43.0 to $44.0.