On September 29, XIAOMI-W fell 3.09% in regular trading, trading at approximately 25.06 HKD per share, with turnover of approximately 2.129 billion HKD. The stock continued to face selling pressure amid a confluence of weak fundamentals and institutional unwinding.

On the earnings front, the company's interim report revealed revenue of 208.063 billion yuan, down 8.44% year-over-year, while adjusted net profit slumped 42.86% to 12.291 billion yuan, highlighting significant profitability headwinds. On the capital flow side, BlackRock sold 6.497 million shares on September 22 at an average price of 26.49 HKD, reducing its long position to 4.98% — breaching the critical 5% disclosure threshold. Although Citi previously maintained a Buy rating with a 34 HKD target price, and the Xiaomi 18 Pro series launch initially lifted sentiment, the new product boost has largely faded. The company has continued share buybacks, repurchasing 1.929 million shares on September 25 for approximately 50.057 million HKD, yet this has not offset broader selling pressure. Options market activity suggests elevated put-call volatility, reflecting cautious near-term sentiment.

(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.)