On June 18, Xiaomi Group-W fell 3.38% in regular trading, trading at HK$24.54 per share, with turnover of HK$1.22 billion, hitting a new year-to-date low.

The decline is attributed to a combination of weakening fundamentals and overhang from institutional placement losses. Xiaomi reported Q1 total revenue of RMB 99.1 billion, down 10.9% amid geopolitical uncertainty, rising component costs, and intensified competition. Adjusted net profit came in at RMB 6.1 billion. Meanwhile, institutions that participated in the March placement at HK$53.25 per share are now sitting on losses exceeding 50%, with potential selling pressure as lock-up periods expire further weighing on sentiment.

The stock has now fallen over 60% from its all-time high of HK$61.45, marking nine consecutive months of decline. Southbound capital has continued net buying but has failed to reverse the downtrend. Xiaomi is an investment holding company engaged in smartphones, IoT and lifestyle products, and smart electric vehicle businesses, transitioning toward a Person-Car-Home ecosystem strategy.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)