Core Points - Xiaomi Group's stock price dropped by 8% to HKD 54.65 per share after the product launch event, resulting in a market value loss of over HKD 120 billion compared to September 25 [1] - The company launched the Xiaomi 17 series flagship smartphones with starting prices of CNY 4499, CNY 4999, and CNY 5999, along with the Xiaomi Pad 8 series and high-end home appliances [4] - Analysts from multiple institutions remain optimistic about Xiaomi's long-term value, with Citigroup rating it as "Buy" and Goldman Sachs raising the target price to HKD 66 [4] Market Reaction - Despite the positive atmosphere during the launch event, the market reacted negatively, with mixed consumer sentiments regarding the Xiaomi 17 series, leading to the significant stock price drop [4][5] - Some consumers praised the battery life of the Xiaomi 17, while others expressed disappointment over the camera design and perceived unnecessary features [4] Financial Performance - Xiaomi Group reported a revenue of CNY 227.25 billion for the first half of 2025, representing a year-on-year growth of 38.23%, and a net profit of CNY 22.83 billion, up 146% year-on-year [6]