Impact of China Subsidies for Xiaomi Has Started to Fade -- Market Talk

Dow Jones

2025/06/19

0343 GMT - Xiaomi's management indicates that the impact of Chinese subsidies targeting consumption has started to fade, Citi analysts write in a note. The company says the government measures had the strongest impact within the first one to two months and the effects are ebbing. Citi notes 1Q smartphone sales in China only grew 3%, indicating the stimulus impact on smartphones has been limited. Xiaomi thinks 1Q sales growth for the smartphone and Internet of Things segments was largely driven by a stronger product line rather than subsidies. The company remains confident in a 1-percentage-point increase in market share for smartphones and full-year sales growth of 25%-30% for the IoT sector. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

June 18, 2025 23:43 ET (03:43 GMT)

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The company says the government measures had the strongest impact within the first one to two months and the effects are ebbing. Citi notes 1Q smartphone sales in China only grew 3%, indicating the stimulus impact on smartphones has been limited. Xiaomi thinks 1Q sales growth for the smartphone and Internet of Things segments was largely driven by a stronger product line rather than subsidies. The company remains confident in a 1-percentage-point increase in market share for smartphones and full-year sales growth of 25%-30% for the IoT sector. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 18, 2025 23:43 ET (03:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Impact of China Subsidies for Xiaomi Has Started to Fade -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nImpact of China Subsidies for Xiaomi Has Started to Fade -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-06-19 11:43</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0343 GMT - Xiaomi's management indicates that the impact of Chinese subsidies targeting consumption has started to fade, Citi analysts write in a note. The company says the government measures had the strongest impact within the first one to two months and the effects are ebbing. Citi notes 1Q smartphone sales in China only grew 3%, indicating the stimulus impact on smartphones has been limited. Xiaomi thinks 1Q sales growth for the smartphone and Internet of Things segments was largely driven by a stronger product line rather than subsidies. The company remains confident in a 1-percentage-point increase in market share for smartphones and full-year sales growth of 25%-30% for the IoT sector. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 18, 2025 23:43 ET (03:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0314109678.HKD","symbol_name":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2544366071","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544366071","pubTimestamp":1750304580,"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":"0343 GMT - Xiaomi's management indicates that the impact of Chinese subsidies targeting consumption has started to fade, Citi analysts write in a note. The company says the government measures had the strongest impact within the first one to two months and the effects are ebbing. Citi notes 1Q smartphone sales in China only grew 3%, indicating the stimulus impact on smartphones has been limited. Xiaomi thinks 1Q sales growth for the smartphone and Internet of Things segments was largely driven by a stronger product line rather than subsidies. The company remains confident in a 1-percentage-point increase in market share for smartphones and full-year sales growth of 25%-30% for the IoT sector. 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The company says the government measures had the strongest impact within the first one to two months and the effects are ebbing. Citi notes 1Q smartphone sales in China only grew 3%, indicating the stimulus impact on smartphones has been limited. Xiaomi thinks 1Q sales growth for the smartphone and Internet of Things segments was largely driven by a stronger product line rather than subsidies. The company remains confident in a 1-percentage-point increase in market share for smartphones and full-year sales growth of 25%-30% for the IoT sector. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 18, 2025 23:43 ET (03:43 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":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}