Ge Long Hui·2025-06-29 02:08Group 1: Core Products and Innovations - Xiaomi held a comprehensive ecosystem launch event on June 26, 2025, introducing its first SUV, Xiaomi YU7, along with Xiaomi AI glasses and the foldable flagship phone Xiaomi MIXFlip2 [1] - The Xiaomi YU7 features high performance and cost-effectiveness, with a CLTC range of 835 km, an 800V high-voltage platform, and a 96.3 kWh battery, achieving a top speed of 240 km/h [1] - The Xiaomi AI glasses are equipped with a 12 million pixel ultra-wide-angle lens and support various functionalities, including first-person camera and video calls, while boasting a battery capacity 64% higher than similar products from Meta [2] Group 2: Market Performance and Sales - The Xiaomi YU7 has shown strong sales momentum, with over 289,000 pre-orders within the first hour of launch, significantly surpassing the 88,898 pre-orders for the Xiaomi SU7 in its first 24 hours [1] - The pricing strategy for the Xiaomi YU7 maintains a competitive edge, with the standard version priced at 253,500 RMB, lower than the comparable Model Y [1] Group 3: Future Growth and Financial Projections - Xiaomi continues to strengthen its ecosystem with new products across various categories, including smartphones, tablets, wearables, and home appliances, indicating a broadening of its product portfolio [3] - The company forecasts earnings per share of 1.35, 1.82, and 2.27 RMB for 2025-2027, maintaining a target price of 75.95 HKD based on a 38x PE valuation for 2026 [3]