XIAOMI(HK:01810) Ge Long Hui·2025-08-07 05:25Core Viewpoint - 招银国际 has slightly raised Xiaomi's target price by 0.1%, from HKD 65.91 to HKD 66, while maintaining a "Buy" rating [1] Financial Performance - Xiaomi is expected to announce its Q2 2025 results in mid-August, with predictions indicating a strong quarter, with revenue and adjusted net profit expected to grow by 32% and 66% year-on-year, reaching RMB 117 billion and RMB 10.3 billion respectively, slightly below market expectations [1] - The adjustments in the forecast for the fiscal years 2025-2027 reflect an increase of 6-11% in adjusted net profit, driven by enhanced momentum in the electric vehicle and IoT sectors [1] Business Drivers - Key drivers for profit growth include robust smartphone sales, strong demand for electric vehicles, and solid performance in the IoT business supported by China's subsidy policies, along with stable gross margins across various business segments [1]