On August 19, XIAOMI-W rose 4.13% in regular trading, trading at HKD 27.26/share, with turnover of HKD 2.531 billion.

The rally was driven by XIAOMI-W's Q2 earnings release on August 18 and upbeat management commentary. The company reported quarterly revenue of RMB 108.9 billion, up 9.9% sequentially, with adjusted net profit of RMB 6.219 billion, improving 2.4% quarter-over-quarter. Auto deliveries reached 104,199 units, up 28.2% year-over-year, with SU7 claiming the top-selling position among pure EVs priced above RMB 200,000 in H1.

During the earnings call, management indicated memory price increases are expected to moderate in H2, shifting cost pressures toward a more controllable state. The Pengcheng extended-range vehicle series garnered pre-orders exceeding expectations and will officially launch in September with an immediate delivery strategy. Additionally, a next-generation Xuanjie chip was confirmed as imminent, alongside the upcoming public debut of Xiaomi's robotics platform.

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