XIAOMI(HK:01810) Huaan Securities·2025-06-29 11:40Investment Rating - The industry investment rating is "Overweight" [1] Core Views - The report highlights that Xiaomi's recent product launch has attracted market attention, indicating that the next generation of personal terminal innovative products has a long way to go [5] - The report provides a review of the market performance for the week of June 23 to June 27, 2025, noting significant increases in various indices, with the semiconductor packaging and testing sector showing the highest growth at 8.32% [4][37] Summary by Sections 1. Important News in the Electronics Industry - The report mentions that the Chinese PC monitor market saw a 14% year-on-year increase in shipments in Q1 2025, driven by government subsidies [13] - OLED and MiniLED monitors experienced explosive growth, with OLED shipments increasing by 433.7% year-on-year [14] - The global semiconductor foundry market reached $72.29 billion in Q1 2025, a 12.5% increase year-on-year, driven by demand for AI and HPC chips [18] - The global smart camera market grew by 4.6% year-on-year in Q1 2025, with Xiaomi showing a notable increase of 38.6% in shipments in the Chinese market [21][27] 2. Market Performance Review - The report details the performance of various indices, with the Shanghai Composite Index increasing by 1.91%, and the Shenzhen Component Index rising by 3.73% during the week [4][37] - The semiconductor packaging and testing sector led the industry with an 8.32% increase, while the panel sector lagged with a 3.11% increase [4][37] 3. Individual Stock Performance - The report lists the top-performing stocks for the week, including Haoshanghao and Weiteou, while stocks like Lianjian Optoelectronics and Jiemite performed poorly [53] - Year-to-date performance highlights include Shenghong Technology and Nanya New Materials as top performers, while stocks like Shengke Communication-U and Guoxing Optoelectronics lagged [53]