小米股价跌超5%创两月新低，大和下调印度市场预期成主因

Group 1 - Xiaomi's stock price experienced significant volatility on August 7, with a drop exceeding 5%, reaching a two-month low, and closing down 4.07% with a trading volume close to 8 billion HKD [1] - Daiwa's report indicates that Xiaomi's smartphone shipments in Q2 2025 may be slightly lower than previous forecasts, primarily due to a projected 25% year-on-year decline in smartphone sales in the Indian market, impacting market sentiment [1] - Despite the stock price adjustment, there has been sustained interest from southbound funds, with net purchases totaling 4.411 billion HKD over eight consecutive days, although the stock price has declined by 7.10% during this period [1] Group 2 - Xiaomi's smartphone market performance remains positive, with global smartphone shipments reaching 41.8 million units in Q1 2025, a year-on-year increase of 3.0%, marking seven consecutive quarters of growth [1] - In the Chinese market, Xiaomi regained the top position with a shipment of 13.3 million units and a year-on-year growth rate of 39.9% [1] - Outside of the smartphone business, Xiaomi's automotive sector showed strong growth, with over 30,000 vehicles delivered in July, driven by increased production capacity and an expanding sales network of 352 stores across 97 cities [2] - The number of IoT devices connected to Xiaomi's AIoT platform reached 944 million, reflecting a year-on-year growth of 20.1%, indicating progress in building its ecosystem [2]