XIAOMI(HK:01810) Mei Ri Jing Ji Xin Wen·2025-06-27 13:33Core Viewpoint - The successful launch of Xiaomi's ecosystem products has led to a significant positive reaction in the capital market, with Xiaomi Group's stock reaching a historical high and a substantial increase in market capitalization [1][3]. Group 1: Market Performance - On June 27, Xiaomi Group's stock opened with an 8% increase, reaching a peak of 61 HKD, resulting in a market capitalization of 1.55 trillion HKD [1]. - By the end of the trading day, the stock closed with a 3.6% increase at 58.95 HKD, with a market cap of approximately 1.53 trillion HKD [1]. - The positive market performance of Xiaomi also boosted the stock prices of its supply chain companies, with several A-share suppliers hitting the daily limit [3]. Group 2: Product Launch and Orders - During the Xiaomi ecosystem launch event, the company introduced over ten products, including the Xiaomi YU7 SUV, which has become a "phenomenal" product [4]. - The Xiaomi YU7 received over 200,000 pre-orders within three minutes and surpassed 289,000 within one hour of opening for reservations [5]. - As of June 27, the order volume for the Xiaomi YU7 exceeded 240,000 units, indicating strong market demand [7]. Group 3: Supplier Performance - Despite the overall positive market reaction, several core suppliers for Xiaomi's automotive business experienced slight declines in their stock prices, including BYD and CATL [7][8]. - Top Group, a key supplier for Xiaomi, also saw a minor drop of 0.62% in its stock price [8]. - Conversely, some suppliers like Yanfeng Automotive Electronics reported a slight increase in stock price, closing up by 0.64% [8]. Group 4: Supply Chain and Local Partnerships - Xiaomi's strategy includes prioritizing suppliers from the Beijing-Tianjin-Hebei region, with approximately 30% to 40% of its suppliers located there [10]. - The construction of a CATL battery factory near Xiaomi's automotive plant is expected to enhance local supply capabilities, potentially increasing the local supply rate to 60% to 70% [11][12].