Mei Ri Jing Ji Xin Wen·2025-11-19 03:13Group 1 - The core viewpoint of the news highlights that Xiaomi Group's stock price has weakened following its Q3 2025 earnings report, with a significant drop below the critical HKD 40 mark [1] - Xiaomi's Q3 2025 revenue reached RMB 113.12 billion, representing a year-on-year growth of 22.3%, surpassing market expectations of RMB 112.50 billion [1] - The adjusted net profit for Q3 2025 was RMB 11.31 billion, showing an impressive year-on-year increase of 80.9%, exceeding market expectations of RMB 10.05 billion [1] Group 2 - Xiaomi's innovative business segments, including smart electric vehicles and AI, generated revenue of RMB 29 billion in Q3 2025, marking a historical high [1] - The smart electric vehicle segment alone contributed RMB 28.3 billion, while other related businesses accounted for RMB 700 million [1] - For the first time, Xiaomi's smart electric vehicle and AI segments achieved operational profitability in a single quarter, with an operating profit of RMB 700 million [1] Group 3 - Huatai Securities indicated that the storage supercycle is a significant variable affecting Xiaomi's stock price and performance in 2026 [2] - Compared to other smartphone manufacturers, Xiaomi holds advantages in smartphone shipment volume (third globally), high-end smartphone market share, and a robust non-mobile business scale less affected by storage prices [2] - The firm has lowered its profit forecasts for 2026 and 2027, reflecting the impact of rising storage prices on the smartphone business, while remaining optimistic about Xiaomi's opportunities in smart electric vehicles and smart home appliances [2]