<div id="readability-page-1"><div>Ahead of XIAOMI-W (01810.HK) 0.000 (0.000%) Short selling $833.97M; Ratio 27.536% 's results announcement today (26th), bearish options and derivatives positions climbed to a record high, as the market is concerned that rising memory chip costs and intensifying competition in Chinas electric vehicle market will weigh on the companys development.According to data from S3 Partners, short interest in XIAOMI-W (01810.HK) 0.000 (0.000%) Short selling $833.97M; Ratio 27.536% rose to about 9% of free float last week, compared with less than 2% a year earlier. The companys share price has retreated by half from its record peak in July last year, making it one of the weaker performers among HSTECH constituents over the same period.Bloomberg-compiled data show that XIAOMI-W (01810.HK) 0.000 (0.000%) Short selling $833.97M; Ratio 27.536% s 1Q26 revenue is expected to decline 11% YoY, marking the first quarterly drop since mid-2023. However, benefiting from higher product pricing and other factors, gross margin may improve to 21.4% from the previous quarter. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 16:25.)</div></div>

Xiaomi's Q1 earnings are in — total revenue of RMB 99.1bn came in line with estimates, smartphone shipments held at 33.8mn units (maintaining a top-3 global ranking), and new EV deliveries surpassed 80,000 units (+6.6% YoY). The miss: adjusted net profit of RMB 6.1bn, down 43.1% YoY. The company faces a dual squeeze — rising core component costs and intensifying competition on one side, accelerating R&amp;D and capex into AI and new businesses on the other. Core biz stable, growth intact, but profit is taking a back seat near-term. Is this a 'strategic investment' cycle for long-term growth, or the start of a structural margin compression story? Post-earnings, is Xiaomi's HK stock a buy or time to take profits?

Xiaomi's Q1 earnings are in — total revenue of RMB 99.1bn came in line with estimates, smartphone shipments held at 33.8mn units (maintaining a top-3 global ranking), and new EV deliveries surpassed 80,000 units (+6.6% YoY). The miss: adjusted net profit of RMB 6.1bn, down 43.1% YoY. The company faces a dual squeeze — rising core component costs and intensifying competition on one side, accelerating R&amp;D and capex into AI and new businesses on the other. Core biz stable, growth intact, but profit is taking a back seat near-term. Is this a 'strategic investment' cycle for long-term growth, or the start of a structural margin compression story? Post-earnings, is Xiaomi's HK stock a buy or time to take profits?

Xiaomi Q1: Revenue Win, Profit Miss?

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XIACY

XIAOMI-Wfaces record high short interest of $833.97M, with a ratio of 27.536% ahead of its results announcement. Concerns over rising memory chip costs and competition in the EV market have led to bearish positions. Short interest rose to about 9% of free float, a significant increase from less than 2% a year ago. The company's share price has halved since last July, and a decline in 1Q26 revenue by 11% YoY is expected, although gross margin may improve to 21.4%.

- Ahead of Xiaomi Group's earnings announcement, short positions reached a record high due to concerns over rising memory chip costs and intensified competition in China's electric vehicle market.  
- According to S3 Partners, short positions represented about 9% of free-floating shares, up from less than 2% a year ago, with the stock price halving since its peak in July 2022.  
- Bloomberg data indicates that Xiaomi's revenue for Q1 2026 is expected to decline 11% year-on-year, marking the first quarterly drop since mid-2023, although gross margins may rise to 21.4%.

XIAOMI-W Short Interest Hits Record High Ahead of Results Announcement Today