Daiwa slightly lowered Xiaomi's (01810.HK) target price to HK$32, maintaining its 'Buy' rating.

Daiwa published a research report indicating that it expects Xiaomi-W (01810.HK) to report weaker-than-expected second-quarter results, due to the normalization of subsidy policies, a high base effect, and a slowing macroeconomic environment. Revenue is projected to decline 9% year-over-year to RMB 106 billion, with adjusted net profit forecast at RMB 6.2 billion and a net profit margin of 5.7%. Specifically, the firm anticipates Xiaomi's IoT segment revenue to drop 22% year-over-year to RMB 30 billion, with a gross margin of 20%. However, as the second quarter marks the last period significantly influenced by high subsidies and pronounced base effects, the firm expects a notable improvement in revenue growth for this segment in the second half of the year. Additionally, the firm

AASTOCKSAug 11 10:47

Express News | China Association of Automobile Manufacturers (CAAM): In July, production of new energy passenger vehicles reached 1.449 million units, up 25.6% year-over-year and up 0.2% month-over-month.

China Association of Automobile Manufacturers (CAAM): In July 2026, retail sales of passenger vehicles nationwide totaled 1.461 million units, down 20.9% year-over-year and down 8.8% month-over-month. Cumulative retail sales for the year through July amounted to 10.173 million units, down 20.3% year-over-year. In July 2026, retail sales of fuel-powered vehicles declined by 41% year-over-year, with pure internal combustion engine (ICE) vehicles down 44% and conventional hybrid electric vehicles down 4%. Among fuel-powered vehicles, domestic brands fell by 46%, mainstream joint ventures by 40%, and luxury brands by 28%, all severely impacted without exception by sharply elevated fuel prices. In July, production of new energy passenger vehicles reached 1.449 million units, up 25.6% year-over-year and up 0.2% month-over-month. Cumulative production of new energy passenger vehicles from January to July reached 8.214 million units, up 7.9% year-over-year.

BreakingsAug 11 15:58

Fund Flows | Southbound capital added over HK$5 billion to CITIC Securities, while Alibaba saw more than HK$3 billion in sell-offs

Track the latest developments of southbound capital flows

Gelonghui FinanceAug 11 21:35

Selected HKEX Announcements | MMG Limited Reports Over 160% Year-on-Year Increase in Interim Profit; Tingyi (Cayman Islands) Holding Corp. Posts First-Half Revenue Exceeding RMB 40 Billion

① MMG Limited reported a more than 160% year-on-year increase in interim profit—how large is the scale? ② Tingyi (Cayman Islands) Holding Corp. recorded first-half revenue exceeding RMB 40 billion—what is its profitability outlook?

cls.cnAug 11 21:09

Express News | According to a Hong Kong Stock Exchange filing, Xiaomi Group (01810.HK) repurchased 1.9 million Class B shares on August 11 for HK$50 million.

BreakingsAug 11 19:26

GTJA HK Connect Active Trading | August 11

Stock Connect Active Trading | August 11, 2026

Zhitong FinanceAug 11 19:00