--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/42412982.md" description: "$XIAOMI-W(01810.HK) There's a saying, when the wind rises even pigs can fly, meaning it's easy to play in a favorable trend, but a downturn truly requires composure and judgment. Currently, Xiaomi is still under pressure from the intense competition in the automotive sector and the memory cycle, but its recent actions are still reliable: I. Recent Developments:- Automotive: Launched more attractive loan plans and car reservation benefits, expected to stabilize sales trends; the new vehicle Xuntian maintains rare patience, currently unannounced and still undergoing road testing, expected to bring incremental growth soon.- Smartphones: Storage prices are rising, but considering R&D cost allocation, order and rating pressure, a simple production cut isn't feasible yet. Combined with software monetization and the "Human x Car x Home" conversion, Xiaomi adopted a three-tier strategy: the upcoming Note series won't increase price or reduce specs, stabilizing mid-to-low-end sales and user growth; the K90 all-rounder phone stabilizes the mid-to-high-end; the 17 series flagship ensures high gross margin.- AIoT: Xiaomi Smart Storage was launched during a storage price increase cycle, somewhat "turning the tables." Although the features are somewhat conventional, the price is at an incredible level during this widespread price hike cycle, selling out immediately after crowdfunding. The intention is likely not profit, but to first provide a good user base for product line layout.- MiMo: No major moves recently, but OpenRouter and other rankings have remained high. Personal experience from continued use: although professional knowledge is still lacking, overall response and execution are good, with high cost-effectiveness. I'm mainly optimistic about the continuous stream of data and scenarios brought by its hardware ecosystem, giving it a training advantage and making it easier to achieve a commercial closed loop. Currently, opinions are divided on this wave of AI production-side "bootstrapping" takeoff. Optimists see it as Jevons paradox, skeptics see it as an arms race. The main issue is the lack of a consumer-side closed loop in business currently. I'll avoid what I don't understand. Xiaomi, on the other hand, is doing well in practical application. AI has real-world application scenarios, and development is steady. II. Shareholding Experience:I averaged down two days ago, not because of accurate prediction, but accepting that the major cycle hasn't changed, expecting short-term gloom to continue. The confidence for averaging down then was that the price was already very low; unless there's another black swan, the shorts have no cards to play recently, and this is indeed a cheap price available in the past two years. But if an even lower price appears, I still have bullets in reserve. Bullets are for adjusting costs, not for gambling. Thinking back to early last year when holding Xiaomi shares, everyone was a stock god, thinking even Buffett was just like that. Now I clearly see that back then, it was mainly due to the tailwind of the rising cycle covering up risks. In fact, many trading strategies were quite risky. A simpler way for ordinary people to make money is to find a good company, wait for a cheap price, and wait for it to rise. But newcomers often lack this patience and composure. One year in the stock market feels like ten years in the human world. Some truths are only understood through experience." datetime: "2026-07-03T04:26:49.000Z" locales: - [en](https://longbridge.com/en/topics/42412982.md) - [zh-CN](https://longbridge.com/zh-CN/topics/42412982.md) - [zh-HK](https://longbridge.com/zh-HK/topics/42412982.md) author: "[龟派投资](https://longbridge.com/en/profiles/16154980.md)" --- # $XIAOMI-W(01810.HK) There's a saying, when the win… ### 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 (21) - **我是许小年 · 2026-07-06T00:08:23.000Z**: Xiaomi is probably not going to make it. The price has already dropped by more than half from its peak. Who knows, Lei Jun might announce bankruptcy any day now. - **Usagi的成长历险记 · 2026-07-05T15:14:10.000Z**: It's not really related. It's just because memory stocks fell, and the market thought memory prices had peaked, so they came to buy Xiaomi. Once memory stocks rise, Xiaomi will still get hit. - **迪迪迪 · 2026-07-04T11:11:49.000Z**: Storage fell, the relevant department went to investigate, anti-involution - **新用户_RaZJeF · 2026-07-04T02:37:59.000Z**: Because storage has fallen these past few days. - **纳斯达克小作手进行录 · 2026-07-03T11:07:13.000Z**: I'll be back when it reaches 15 - **啊这样子吗 · 2026-07-03T06:16:55.000Z**: Wrong, car sales are actually a drag, further indicating that the set target of 550,000 units cannot be completed. Reasons for the recent rebound: 1. U.S. inflation is moderate, interest rate hike expectations have decreased, the U.S. dollar index has weakened, and liquidity has improved; 2. Storage - **龟派投资** (2026-07-03T06:30:57.000Z): Recently, there have been many favorable changes in the external environment; but I think the main reason is still that the automotive sector has stabilized. Because thinking the other way around, if - **举重冠军小阁老 · 2026-07-03T05:30:37.000Z**: Tesla fell 7% in the second quarter, exceeding expectations. - **龟派投资** (2026-07-03T06:19:40.000Z): There are obviously more competitors now - **karldonitz** (2026-07-03T12:47:27.000Z): Can Tesla still go up? - **牙签 · 2026-07-03T05:10:41.000Z · 👍 2**: Delivering 30,000 units is hardly a positive catalyst; it's at the bottom among all major new players🤧 - **Macintosh Lee** (2026-07-03T05:25:26.000Z): How much inventory is being held by 4S stores across various provinces and regions, and how many zero-kilometer used new cars are actually in the hands of primary and secondary dealers? These hidden d - **Macintosh Lee** (2026-07-03T05:30:35.000Z): The hype around pre-order numbers is a game everyone has mastered. They've learned the tricks from the insurance industry's outsourcing business model, mobilizing employees across the entire supply ch - **Macintosh Lee** (2026-07-03T05:39:33.000Z): The greatest sorrow of man is to embrace the false and abandon the true. Whatever unconditional faith the capitalists preach, people accept it all without a shred of doubt, because no one cares how mu - **小米，美团还钱 · 2026-07-03T04:54:36.000Z**: June-end delivery volume. Do you believe it? Probably should buy back at low levels.