--- title: "Understanding the Market | Xiaomi Corporation-W rose over 4% as institutions are optimistic about cost marginal improvements and the pull effect of new vehicles in the second half of the year" type: "News" locale: "en" url: "https://longbridge.com/en/news/296576608.md" description: "Xiaomi Corporation-W rose over 4%, with a cumulative increase of over 13% in stock price this week. As of the time of writing, it is up 4.32%, priced at HKD 28.96, with a transaction volume of HKD 3.812 billion. In terms of news, Xiaomi achieved total revenue of 108.9 billion yuan in the second quarter, a quarter-on-quarter increase of 9.9%; adjusted net profit was 6.2 billion yuan, a quarter-on-quarter increase of 2.4%. In the face of persistently high prices for core components such as memory, the company has proactively reduced shipments in its mobile phone business, optimized product structure, and increased prices, with mobile phone ASP reaching a historical high and a gross margin of 8.5%, better than market expectations. CITIC Securities stated that in July, the company launched two extended-range SUVs, the Pengcheng N70 Max/N90 Max, based on the Kunlun architecture, which are expected to be launched in September and may become a core catalyst for the second half of the year. It is recommended to pay attention to the product cycle opportunities brought by the September Pengcheng series release, as well as the profit elasticity under improved storage costs and automotive scale effects. Guotai Junan Securities also believes that with expectations of marginal cost improvement in the second half of the year and new car demand, a fundamental turning point may be on the horizon" datetime: "2026-08-21T06:38:03.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296576608.md) - [en](https://longbridge.com/en/news/296576608.md) - [zh-HK](https://longbridge.com/zh-HK/news/296576608.md) generator: "portal-rs" --- # Understanding the Market | Xiaomi Corporation-W rose over 4% as institutions are optimistic about cost marginal improvements and the pull effect of new vehicles in the second half of the year According to Zhitong Finance APP, Xiaomi Corporation (01810) rose over 4%, with a cumulative increase of over 13% this week. As of the time of writing, it is up 4.32%, priced at HKD 28.96, with a trading volume of HKD 3.812 billion. In terms of news, Xiaomi achieved total revenue of 108.9 billion yuan in the second quarter, a quarter-on-quarter increase of 9.9%; adjusted net profit was 6.2 billion yuan, a quarter-on-quarter increase of 2.4%. In response to the continued high prices of core components such as memory, the company proactively reduced shipments in its mobile phone business, optimized product structure, and raised prices, resulting in a record high mobile phone ASP and a gross margin of 8.5%, which is better than market expectations. CITIC Jianchao stated that in July, the company launched two extended-range SUVs, the Pengcheng N70 Max/N90 Max, based on the Kunlun architecture, which are expected to be launched in September and may become a core catalyst in the second half of the year. It is recommended to pay attention to the product cycle opportunities brought by the September Pengcheng series release, as well as the profit elasticity under improved storage costs and automotive scale effects. Guotai Junan Securities also believes that with expectations of marginal cost improvements in the second half of the year and new car demand, a fundamental turning point may be on the horizon ### Related Stocks - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [601066.CN](https://longbridge.com/en/quote/601066.CN.md) - [06066.HK](https://longbridge.com/en/quote/06066.HK.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) ## Related News & Research - [Huawei-backed Luxeed opens pre-orders for RX coupe SUV, taking aim at Xiaomi YU7](https://longbridge.com/en/news/296465708.md) - [Xiaomi SU7 series tops 500,000 cumulative deliveries](https://longbridge.com/en/news/296067965.md) - [Aftermarket Shift at Rush Enterprises (RUSH.A) Might Change The Case For Investing In The Stock](https://longbridge.com/en/news/296714427.md) - [Brilliance China Automotive declares interim dividend of HKD 0.5 a share](https://longbridge.com/en/news/296600407.md) - [GXO managing director says automotive supply chains shift from lean efficiency to resilience focus](https://longbridge.com/en/news/296517169.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**