Xiaomi Set to Post Softer 3Q Profit Growth -- Market Talk

Dow Jones

11/11

0749 GMT - Xiaomi is expected to post softer on-year net profit growth for 3Q, partly weighed by weaker Internet of Things seasonal demand in 2H and the diminishing effect of Chinese subsidies, HSBC analysts say in a note. Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.(jason.chau@wsj.com)

(END) Dow Jones Newswires

November 11, 2025 02:49 ET (07:49 GMT)

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Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. 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Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.(jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2025 02:49 ET (07:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSBA.UK","symbol_name":"汇丰控股有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2582355969","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582355969","pubTimestamp":1762847340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0749 GMT - Xiaomi is expected to post softer on-year net profit growth for 3Q, partly weighed by weaker Internet of Things seasonal demand in 2H and the diminishing effect of Chinese subsidies, HSBC analysts say in a note. 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Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.(jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 11, 2025 02:49 ET (07:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}