Minsheng Securities: Maintains "Recommended" Rating for Xiaomi Corporation-W, Series 17 Cross-Generational High-End Upgrade
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Minsheng Securities maintains a "Buy" rating on Xiaomi Corporation-W, expecting operating revenues of 509.295 billion, 640.908 billion, and 749.653 billion yuan for 2025-2027, with net profits attributable to the parent company of 44.441 billion, 64.047 billion, and 81.832 billion yuan. The high-end transformation of the Xiaomi 17 series is expected to boost sales, and the customized automotive services will improve profit margins. On September 25, Xiaomi launched the Xiaomi 17 series and other new products, featuring new technologies and high-performance processors, with excellent battery life
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