---
title: "Xiaomi Corporation (01810.HK) Investment Notes"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/40121757.md"
description: "Core strategy: Long-term value investment (3-20 years). Operating principles: Independent judgment, early accumulation on the left side, not following the crowd. 1. Business logic and fundamental observation. Valuation reshaping: With the ramp-up of automotive production capacity and the rapid iteration of intelligent driving systems, the company has transformed from a single hardware manufacturer to a full-ecology technology company. The current PE is around 17-18x, which is in a highly cost-effective range among tech stocks. Repurchase signal: Pay attention to the company's frequent repurchase actions around HKD 31-32. This indicates that management believes this price level already has strong defensive properties..."
datetime: "2026-04-23T02:44:50.000Z"
locales:
  - [en](https://longbridge.com/en/topics/40121757.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/40121757.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/40121757.md)
author: "[Rosa不会看K线](https://longbridge.com/en/profiles/21673261.md)"
---

# Xiaomi Corporation (01810.HK) Investment Notes

**Core Strategy:** Long-term value investing (3-20 years)

**Operating Principles:** Independent judgment, left-side accumulation, not swayed by trends.

**I. Business Logic & Fundamental Observations**

-   **Valuation Re-rating:** As automotive production ramps up and the intelligent driving system iterates rapidly, the company has transformed from a pure hardware manufacturer into a full-ecosystem tech company. The current P/E is around **17-18x**, placing it in a highly attractive valuation range among tech stocks.
-   **Buyback Signal:** Monitor the company's frequent buyback actions around the **HKD 31-32** level. This indicates management believes the price offers strong defensiveness.
-   **Technology Dividend:** Focus on the real-world feedback of its autonomous driving technology in mass-produced models, which is the core asset supporting its long-term stock price premium.

**II. Technicals & Market Sentiment**

-   **Key Support Level:** The stock price is currently testing support near the **30.260 (52-week low)** level.
-   **Sentiment Game:** The order book ratio and overall market sentiment show short-selling momentum hasn't been exhausted. There's strong psychological tug-of-war at the **HKD 30** round-number level.
-   **Downside Potential:** The market still has potential for an extreme sell-off. If it breaks below HKD 30, the **HKD 28** zone below is a "golden pit" area offering extremely high margin of safety.

**III. Trading Plan & Discipline**

-   **Targeted Hunting:** Persist in left-side accumulation near **HKD 28**, using market panic to collect low-priced shares.
-   **Cost-Averaging Principle:** Only add to positions when the price deviates significantly from value or hits core support levels, aiming to substantially optimize the long-term holding cost structure.
-   **Holding Mentality:** As long as the core growth logic (smartphone premiumization + automotive globalization) remains unchanged, severe volatility along the way is viewed only as an opportunity to lower costs. Once entered, execute the "hold for the long term" strategy across market cycles.

**IV. Core Risk Warnings**

-   Monitor the drag on individual stocks from changes in overall Hong Kong market liquidity.
-   Continuously track whether automotive delivery data meets market expectations.

**Summary:** Investing is the realization of your understanding. Don't listen to what others say, just follow your own pace. Maintain discipline at the **HKD 30** level, patiently waiting for the market to offer the extreme price of **HKD 28**.

$XIAOMI-W(01810.HK)

### Related Stocks

- [01810.HK](https://longbridge.com/en/quote/01810.HK.md)
- [81810.HK](https://longbridge.com/en/quote/81810.HK.md)
- [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md)
- [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md)

## Comments (3)

- **闊别已久 · 2026-04-23T06:27:44.000Z**: Just the 22 points you lost, they could be recovered in a single day, look at Auntie Shanghai.
- **Macintosh Lee · 2026-04-23T04:25:50.000Z**: Domestic green-plate cars, no matter which ticket you hold, are just asking for trouble...
- **长平侯 · 2026-04-23T03:08:32.000Z**: Now, automakers' profit margins have fallen to less than 3%, and the outlook remains pessimistic.