On June 25, Xiaomi Group-W fell 3.22% in regular trading, trading at 22.2 HKD/share, with turnover of 690 million HKD.

The decline extends the stock's downtrend following its Q1 earnings report, which revealed the first simultaneous year-over-year decline in both revenue and net profit in nearly four years. Total revenue came in at 99.14 billion yuan, down 10.9% YoY, while adjusted net profit fell 43.1% to 6.07 billion yuan. The smartphone segment posted revenue of 44.27 billion yuan, down 12.5%, with gross margin compressing from 12.4% to 10.1% amid intensifying low-end competition and stalled premium breakthroughs. The EV business also saw losses widen, with the innovation segment recording a 3.1 billion yuan operating loss in Q1, ending a brief period of quarterly profitability. Despite the company repurchasing 6.42 million shares for 152 million HKD on June 22, investment banks have continued to cut target prices, keeping market confidence subdued. The stock has now fallen approximately 60% from its high of 61.45 HKD last year.

(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.)