Shares of Xiaomi Corp (1810.HK) slip 3.2% to HK$31.62Top pct loser on Hang Seng TECH Index (.HSTECH) , which climbs 1% Xiaomi’s quarterly profit fell for the first time in three years at the end of last year as the Chinese smartphone and EV major navigated rising costs and intensifying competitionXiaomi’s Q4 adjusted profit down 24% y/y, 2025 profit up 44% y/yCiti keeps “buy” rating, saying 4Q25 adjusted net income ahead of estimates; trims PT to HK$40 from HK$42 on lower EV shipmentYTD, stock down 18%, benckmark Hang Seng Index (.HSI) down 1.5%

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- Xiaomi Group (1810.HK) shares fell 3.2% to 31.62 HKD, making it the largest decliner in the Hang Seng Tech Index (.HSTECH), which rose by 1%.  
- The company reported its first quarterly profit decline in three years, with a 24% year-over-year drop in adjusted profits for Q4, while profits are projected to grow by 44% in 2025.  
- Citigroup maintained a “buy” rating but lowered the target price from 42 HKD to 40 HKD due to lower electric vehicle shipments, as the stock has declined 18% year-to-date compared to a 1.5% decline in the benchmark Hang Seng Index (.HSI).

BUZZ-Xiaomi slips as quarterly profit falls, Citi cuts target price