小米集团-W：1Q24 beat on strong margins; Positive on upbeat SU7 delivery target

M N 24 May 2024 CMB International Global Markets | Equity Research | Company Update Xiaomi (1810 HK) 1Q24 beat on strong margins; Positive on upbeat SU7 delivery target Target Price HK$25.39 Xiaomi’s 1Q24 revenue/net profit growth of 27%/101% YoY beat our/consensus (Previous TP HK$23.77) estimates, mainly driven by a stronger GPM, improving revenue mix and better Up/Downside 34.0% finance incomes. Looking ahead, Xiaomi reiterated its positive view on Current Price HK$18.94 smartphone global share gains, new ...