--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/39081090.md" description: "$XIAOMI-W(01810.HK) Southbound capital still flowed in 1.5 billion today, but the contradictory point is that major institutions are bearish on Xiaomi, successively lowering their target prices to around 30. Whether it's the memory price hike and fierce competition in the auto sector, or major shareholder 减持 and earnings falling short of expectations, these have actually been reflected in Xiaomi's stock price. The first major drop was caused by the reduction in new energy vehicle subsidies, leading to a break below the 50 support level, and then earnings came out below expectations, dropping to around 36. After a rebound, Lu Weibing's earnings call revealed the crazy surge in memory prices, causing the stock to continue falling. Actually, Xiaomi's stock price decline is mainly due to two factors: the reduction in new energy subsidies plus intense domestic competition in the new energy sector, and the cost increase from the memory price surge in the smartphone business. Secondary factors are public sentiment, major shareholder 减持， and rising lithium battery material prices. But at this current price level, keep at most a 40% position for averaging down. Don't jump in just because you see a little rebound, and don't try to bottom-fish just because you see a little drop. Xiaomi's latest short interest is 1.2 billion, and with this week's short interest, it's estimated to reach 1.3 billion, even breaking through the 1.4 billion mark. But this is still not a signal for a reversal, because historically, short sellers retreating from Xiaomi has never been a matter of one or two weeks, but a very long tug-of-war. Currently, short positions in Xiaomi still have strong momentum. A reversal cannot be expected solely on the strong sales of Xiaomi's SU7, or even on future extended-range vehicles, because Xiaomi's smartphone business is still the main part. The storage issue in the smartphone business remains a big problem. Unless Xiaomi can find domestic storage alternatives, but domestic storage fabs are still expanding, and capacity remains an issue. For Xiaomi and its shareholders, only when the storage problem is solved can Xiaomi's good days arrive. Moreover, currently, US institutional holdings in the Hang Seng sector are too heavy. Donald Trump is continuing to isolate the Hang Seng, possibly to gain leverage for the upcoming talks. Also, Asian sectors are surging, and the capital being drawn away is partly for this reason." datetime: "2026-03-05T11:10:36.000Z" locales: - [en](https://longbridge.com/en/topics/39081090.md) - [zh-CN](https://longbridge.com/zh-CN/topics/39081090.md) - [zh-HK](https://longbridge.com/zh-HK/topics/39081090.md) author: "[Ja฿](https://longbridge.com/en/profiles/20463561.md)" --- # $XIAOMI-W(01810.HK) Southbound capital still flowe… ### Related Stocks - [01810.HK](https://longbridge.com/en/quote/01810.HK.md) - [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md) - [81810.HK](https://longbridge.com/en/quote/81810.HK.md) - [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md) ## Comments (10) - **热血青年 · 2026-03-05T14:46:12.000Z · 👍 1**: Your data is problematic; southbound capital has been net selling Xiaomi for the past two days. - **Ja฿** (2026-03-05T16:54:44.000Z): Indeed, there's a problem with the AI data in Figure 1. I just checked, and Xiaomi on the 5th also had outflows, though a small amount. Feels like this AI is also an idiot. - **Macintosh Lee · 2026-03-05T12:17:14.000Z**: 🥱Looks like you two have high hopes for Hong Kong-listed China concept stocks, but the tough times are far from over... structural issues, foreign capital won't be keen. - **那什么拯救一只垃圾股 · 2026-03-05T11:26:56.000Z**: The biggest problem now is that the Hang Seng Tech Index has collapsed. During the downtrend, not only is there no government rescue, but the pace of IPOs is even increased to drain the market, treating retail investors as ATMs. Comparing with the Korean and Japanese stock markets, it can be seen th - **Ja฿** (2026-03-05T12:03:16.000Z): It's not going to go under. The current issue with the Hang Seng Tech Index is that part of the foreign capital outflow has actually gone to Japanese and Korean stocks. However, Japanese and Korean st - **Macintosh Lee** (2026-03-05T12:24:08.000Z): Who said there was no market rescue? There have clearly been massive transfusions many times, otherwise how could it have been strong for half a year at the beginning of 2025? Even if you have to prop - **Macintosh Lee** (2026-03-05T12:27:42.000Z): Bud, let me tell you, any stock that I sense has to be 'propped up', I steer clear of entirely, like US stocks such as Intel, not to mention that whole bunch of Hong Kong-listed Chinese concept stocks