智通财经网·2025-11-12 09:54Group 1 - Goldman Sachs maintains a "Buy" rating on Xiaomi Group-W (01810) with a 12-month target price of HKD 56.5, indicating an attractive risk-reward profile despite potential short-term price resistance [1] - The delivery cycle for the SU7 Pro and SU7 Max has been significantly shortened from approximately 30 weeks and 34 weeks to 6-9 weeks, while the delivery cycle for the SU7 base model remains at about 30 weeks [1] - During the Double Eleven promotional period, Xiaomi's total gross merchandise value (GMV) reached RMB 29 billion, a 9% decrease from RMB 31.9 billion in the same period last year [1] Group 2 - Long-term, Goldman Sachs believes that Xiaomi's strong balance sheet, robust ecosystem integration capabilities, and cost advantages from its scale and deep involvement in the electric vehicle supply chain will enhance its competitiveness and attractiveness in the electric vehicle sector [2] - Xiaomi is positioned to leverage its interconnected consumer devices to establish one of the largest consumer-grade smart ecosystems globally [2]