Xiaomi President Lu Weibing: The Xiaomi 17 series has currently sold over 1 million units
Xiaomi President Lu Weibing stated on Weibo today that many friends are very concerned about the sales progress of the Xiaomi 17 series, which has indeed exceeded 1 million units sold, faster than previous generations! The company is working hard to ramp up production and increase inventory. As of now, Xiaomi's stock price has risen over 2%, trading at HKD 55.25. Minsheng Securities recently released a research report maintaining a "Recommended" rating for Xiaomi Corporation-W, expecting the company to achieve operating revenues of 509.295 billion / 640.908 billion / 749.653 billion yuan from 2025 to 2027, and net profits attributable to the parent company of 44.441 billion / 64.047 billion / 81.832 billion yuan. The firm is optimistic that the high-quality, cost-effective Xiaomi 17 series is expected to achieve good sales, aiding Xiaomi's high-end transformation. Additionally, as Xiaomi's customized automotive services unfold, this service is expected to enhance the profit margins of the automotive business, boosting the company's profits
According to Zhitong Finance APP, Lu Weibing, President of Xiaomi (01810), posted on Weibo today, stating that many friends are very concerned about the sales progress of the Xiaomi 17 series, and the current sales have indeed exceeded 1 million units, which is faster than previous generations! The company is working hard to ramp up production and increase inventory. As of now, Xiaomi's stock price has risen over 2%, trading at HKD 55.25.
Minsheng Securities recently released a research report stating that it maintains a "Recommended" rating for Xiaomi Corporation-W, expecting the company to achieve operating revenues of 509.295 billion, 640.908 billion, and 749.653 billion yuan for 2025-2027, and net profits attributable to the parent company of 44.441 billion, 64.047 billion, and 81.832 billion yuan. The firm is optimistic that the high-quality, cost-effective Xiaomi 17 series is expected to achieve good sales, aiding Xiaomi's high-end transformation. Additionally, as Xiaomi's customized automotive services unfold, this service is expected to enhance the profit margins of the automotive business, boosting the company's profits
