Core Viewpoint - JPMorgan's report indicates that Xiaomi Group-W (01810) has exceeded 40,000 electric vehicle deliveries in September, leading to over 100,000 electric vehicle shipments in Q3. If the monthly delivery rate remains above 40,000 in Q4, Xiaomi is likely to surpass its annual target of 350,000 units [1] Summary by Categories Delivery Performance - Xiaomi's electric vehicle deliveries in September surpassed 40,000 units [1] - The total electric vehicle shipments for Q3 reached over 100,000 units [1] Future Projections - Maintaining a monthly delivery rate of over 40,000 units in Q4 will enable Xiaomi to easily exceed its annual target of 350,000 units [1] Analyst Ratings - JPMorgan maintains Xiaomi on the positive catalyst watch list and continues to assign a "neutral" rating to the stock with a target price of HKD 60 [1]

Core Viewpoint - Xiaomi Group's stock price has increased by over 4%, currently trading at 56.15 HKD with a transaction volume of 4.469 billion HKD, driven by positive sales news regarding the Xiaomi 17 series and the automotive business [1] Group 1: Sales Performance - Xiaomi's President Lu Weibing announced that the sales of the Xiaomi 17 series have surpassed 1 million units, achieving this milestone faster than previous models [1] - The company is ramping up production and increasing inventory to meet demand for the Xiaomi 17 series [1] Group 2: Automotive Business - Xiaomi's official Weibo account stated that the company aims to deliver over 40,000 cars by September 2025, with over 100,000 cars delivered in the third quarter [1] - The customization services for Xiaomi's automotive business are expected to enhance profit margins and contribute positively to the company's overall profitability [1] Group 3: Market Outlook - Minsheng Securities expressed optimism about the high-quality, cost-effective Xiaomi 17 series, predicting strong sales that will support Xiaomi's transition to a more premium market segment [1]

Core Viewpoint - Xiaomi Group's stock has seen a significant increase, with a rise of over 4%, currently trading at 56.15 HKD, with a transaction volume of 4.469 billion HKD. The company is experiencing strong sales momentum for its Xiaomi 17 series, which has surpassed 1 million units sold, indicating a faster sales pace compared to previous models. Additionally, the company is ramping up production and inventory levels to meet demand. [1] Group 1 - Xiaomi's President, Lu Weibing, reported that the sales of the Xiaomi 17 series have exceeded 1 million units, reflecting a quicker sales rate than prior generations [1] - The company is actively increasing production and stock levels to accommodate the growing demand for the Xiaomi 17 series [1] - Xiaomi's automotive division announced that it expects to deliver over 40,000 vehicles by September 2025, with over 100,000 units delivered in the third quarter [1] Group 2 - Minsheng Securities expressed optimism regarding the high-quality and cost-effective Xiaomi 17 series, predicting strong sales that will support Xiaomi's transition to a more premium market segment [1] - The customization services for Xiaomi's automotive business are anticipated to enhance profit margins and contribute positively to the company's overall profitability [1]

Core Viewpoint - Xiaomi's sales of the 17 series have exceeded 1 million units, indicating a faster sales pace compared to previous models, and the company is ramping up production to meet demand [1] Group 1: Sales Performance - Xiaomi's 17 series has achieved sales of over 1 million units, reflecting a quicker sales trajectory than earlier models [1] - The company's stock price has increased by over 2%, reaching HKD 55.25 [1] Group 2: Future Projections - Minsheng Securities maintains a "recommended" rating for Xiaomi Group, forecasting revenues of CNY 509.30 billion, 640.91 billion, and 749.65 billion for 2025, 2026, and 2027 respectively [3] - Projected net profits for the same years are CNY 44.44 billion, 64.05 billion, and 81.83 billion [3] - The high-quality, cost-effective nature of the Xiaomi 17 series is expected to drive strong sales, supporting the company's high-end transformation [3] Group 3: Business Expansion - The launch of customized services for Xiaomi's automotive business is anticipated to enhance profit margins and contribute positively to overall company profits [3]

Core Points - The U.S. government shutdown continues as the Senate again rejected a temporary funding bill, leading to potential disruptions in public services and economic data releases [6][7][9] - Major U.S. stock indices saw slight gains, with the Dow Jones and S&P 500 reaching record closing highs, indicating resilience in the market despite the ongoing shutdown [2][4] - Morgan Stanley's report suggests that the government shutdown may amplify market volatility, with potential GDP impacts estimated at a reduction of approximately 0.1% for each week of the shutdown [9][10] Market Performance - The Dow Jones increased by 0.09% to 46,441.1 points, and the S&P 500 rose by 0.34% to 6,711.2 points, both achieving record closing highs [2] - Notable stock performances included Merck up 7.38%, Nike up 6.47%, and Amgen up 5.78%, leading the Dow [2] - The Nasdaq China Golden Dragon Index rose by 1.44%, with key Chinese stocks like Baidu up 4.30% and JD.com up 3.40%, outperforming the broader market [4][5] Economic Implications - The government shutdown has led to approximately 750,000 federal employees being furloughed, with essential services being maintained [7][9] - Morgan Stanley highlighted that the impact of the shutdown on financial markets and overall economic activity will depend on its duration, with historical data suggesting limited long-term effects [9][10] - The inability to release key economic data due to the shutdown may lead to fluctuations in bond yields and increased stock market volatility [10]

Group 1 - XPeng, Xiaomi, and Nio reported record September deliveries, indicating strong performance in the electric vehicle market [1] - Li Auto released weak results, suggesting ongoing challenges despite the potential for new models [1] - BYD is expected to report results soon, having faced difficulties in the domestic market [1] Group 2 - The overall market sentiment is affected by the government shutdown, with Dow Jones futures falling [2] - Nvidia and CoreWeave are making bullish moves, contrasting with the general market decline [2]

Core Viewpoint - Xiaomi Group-W (01810.HK) announced a share buyback on September 30, spending HKD 959,000 to repurchase 18,000 shares [1] Summary by Category Company Actions - The company executed a buyback of 18,000 shares at a cost of HKD 959,000 on September 30 [1]

智通财经APP讯，小米集团-W(01810)发布公告，于2025年9月30日斥资95.85万港元回购股份1.8万股， 每股回购价格为53.25港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 小米集团 (於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期： 2025年9月30日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | | 股份類別 B | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01810 | | 說明 | | | | | | | 多櫃檯證券代號 | 81810 | RMB | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | ...

Core Insights - Xiaomi held its annual presentation on September 25, launching the Xiaomi 17 series, Xiaomi Pad 8 series, and various other products, including the Xiaomi TV S Pro Mini LED 2026 and custom automotive services [1] Product Launch and Features - The Xiaomi 17 series starts at 4499 yuan, featuring a 6.3-inch OLED screen with new M10 luminous material and powered by the fifth-generation Snapdragon 8 processor, which offers a 20% performance increase and a 37% boost in AI capabilities compared to the previous generation [2] - The Xiaomi 17 Pro and Xiaomi 17 Pro Max are priced at 4999 and 5999 yuan respectively, utilizing a new battery technology that ensures 80% capacity retention after 2000 full charge cycles [2] Automotive Developments - The Xiaomi YU7 has achieved significant sales, with over 240,000 units locked in within 18 hours of launch, and boasts impressive real-world range tests of up to 784 kilometers [3] - The YU7 features advanced safety and comfort technologies, including a dual-layer silver-coated roof and comprehensive driver assistance systems powered by NVIDIA DRIVE AGX Thor [3] - Xiaomi's custom automotive service aims to enhance profitability in the automotive sector, with plans to customize up to 40 vehicles monthly [3] Financial Projections - The company is expected to achieve revenues of 509.3 billion, 640.9 billion, and 749.7 billion yuan from 2025 to 2027, with net profits projected at 44.4 billion, 64.0 billion, and 81.8 billion yuan respectively, maintaining a "recommended" rating [4]