---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/39475111.md"
description: "$XIAOMI-W(01810.HK) profits fell by more than 20% year-on-year, and nearly halved quarter-on-quarter. The next few quarters are expected to be similar. Memory price hikes, reduced state subsidies, and reduced vehicle purchase taxes, coupled with a sluggish market for cars, mobile phones, and home appliances, mean there won't be any short-term improvement. Additionally, increased R&D spending on AI chips and robots is burning through cash.Some people are still hyping up the earnings report? For Xiaomi, a 'blowout' earnings report = a slight rise, earnings exceeding expectations = a drop, earnings slightly exceeding expectations = a big drop.If the P/E ratio stays around 20, Xiaomi's stock price still has room to fall another 20.In the long run, the possibility of a Xiaomi recovery is relatively high."
datetime: "2026-03-24T09:48:55.000Z"
locales:
  - [en](https://longbridge.com/en/topics/39475111.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/39475111.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/39475111.md)
author: "[买小米亏麻了](https://longbridge.com/en/profiles/15882872.md)"
---

# $XIAOMI-W(01810.HK) profits fell by more than 20% …


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## Comments (3)

- **小杨哦 · 2026-03-24T09:53:39.000Z**: The annual report is pretty good.
  - **买小米亏麻了** (2026-03-24T09:57:37.000Z): The annual report looks good because the first three quarters were good, but the fourth quarter was terrible. It's highly likely that the quarters this year will be cut in half compared to the previou
  - **买小米亏麻了** (2026-03-24T09:58:39.000Z): Year-on-year halved