Xiaomi opened over 2% higher after earnings, with a 1.6 times increase in the first quarter exceeding expectations

AASTOCKS
2025.05.28 01:25

Xiaomi Corporation-W (01810.HK) opened 2.33% higher today (28th), currently reported at HKD 52.75, with a pre-market transaction of 7.29 million shares, involving HKD 385 million.

Xiaomi announced its earnings after the market closed yesterday (27th), reporting a net profit of RMB 10.924 billion for the first quarter ending in March this year, a year-on-year increase of 161%, exceeding the forecast of RMB 7.851 billion to RMB 9.006 billion from five brokerages compiled by our website. Under non-International Financial Reporting Standards, the group's adjusted net profit for the first quarter reached RMB 10.68 billion, a year-on-year increase of 64.5%, also beating expectations, compared to the forecast from ten brokerages compiled by our website, which ranged from RMB 9.113 billion to RMB 9.933 billion.

President Lu Weibing emphasized during the earnings conference call that Xiaomi has never been worried about price wars, believing that the implementation behind price wars is a battle of cost and efficiency

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