Core Viewpoint - Xiaomi Group's stock price increased by 3.1%, reaching HKD 44.54, with a trading volume of HKD 48.38 billion, driven by positive news regarding its automotive division [1] Group 1: Automotive Performance - Xiaomi's official Weibo announced that by October 2025, the company expects to deliver over 40,000 vehicles consistently [1] - According to Guojin Securities, Xiaomi's automotive deliveries exceeded 290,000 units in the first ten months of this year, more than doubling last year's total [1] - Xiaomi's official Weibo also reported that the total payment amount across all channels surpassed HKD 18.2 billion by October 31, 2025 [1] Group 2: Market Sentiment and Innovation - Dongfang Securities noted that some investors express concerns about Xiaomi's technological innovation and execution capabilities, particularly regarding the sustainability of growth across its automotive and smart home businesses [1] - The firm believes that Xiaomi has significantly improved its competitiveness in new feature development and product manufacturing, establishing a stronger operational ecosystem [1] - Xiaomi's ability to innovate and scale its products is expected to continue enhancing, driving sustained growth across its automotive and smart home sectors [1]

Core Viewpoint - Oriental Securities predicts Xiaomi Group-W (01810) will have earnings per share of 1.63, 2.06, and 2.60 yuan for 2025, 2026, and 2027 respectively, with a target price of 71.65 HKD based on a 32x PE valuation for comparable companies in 2026, maintaining a buy rating [1] Group 1: Automotive Business - Xiaomi's automotive delivery volume exceeded 40,000 units in September 2025, showcasing strong production capacity [2] - The company has implemented a year-end tax subsidy plan to encourage sales, which is expected to support the achievement of annual delivery targets and future growth in the automotive sector [4] Group 2: Product Innovation and Market Position - Xiaomi's product innovation and execution capabilities have significantly improved, enhancing its competitive edge in technology and manufacturing [3] - In Q3 2025, Xiaomi maintained a global smartphone market share of 14%, ranking third worldwide, driven by the successful launch of the Xiaomi 17 series, which saw a 30% increase in sales compared to the previous generation [5]