--- title: "Deutsche Bank: Upgrades Xiaomi Corporation-W's earnings forecast for this year by 6.5% and raises target price to HKD 71.5" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/232910056.md" description: "Deutsche Bank released a research report stating that, given the better-than-expected profitability of Xiaomi Corporation-W, it has raised its net profit forecast for Xiaomi this year by 6.5% and adopted a higher gross margin assumption. Using the discounted cash flow method, the target price has been increased from HKD 70 to HKD 71.5, maintaining a \"Buy\" rating. The bank noted that Xiaomi's net profit for the entire year last year rose 35.4% year-on-year to RMB 23.7 billion, exceeding the market expectation of RMB 20.1 billion. This means that the net profit for the fourth quarter of last year increased by 91% year-on-year and 69% quarter-on-quarter to RMB 9 billion, with the adjusted net profit for the quarter reaching a historical high of RMB 8.32 billion, up 69% year-on-year and 33% quarter-on-quarter. The bank pointed out that a key positive surprise was that the adjusted losses from the smart electric vehicle and other new project businesses were less than expected, with a year-on-year decrease of 71% and a quarter-on-quarter decrease of 53% to RMB 700 million in the fourth quarter of last year, benefiting from improved gross margins, increased sales of high-margin accessories, reduced fixed costs due to operating leverage, and decreased external component procurement" datetime: "2025-03-24T06:15:07.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/232910056.md) - [en](https://longbridge.com/en/news/232910056.md) - [zh-HK](https://longbridge.com/zh-HK/news/232910056.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/232910056.md) | [English](https://longbridge.com/en/news/232910056.md) # Deutsche Bank: Upgrades Xiaomi Corporation-W's earnings forecast for this year by 6.5% and raises target price to HKD 71.5 According to the Zhitong Finance APP, Deutsche Bank released a research report stating that, given the better-than-expected profitability of Xiaomi Corporation-W (01810), it has raised its net profit forecast for Xiaomi this year by 6.5% and adopted a higher gross margin assumption. Using the discounted cash flow method, the target price has been increased from HKD 70 to HKD 71.5, maintaining a "Buy" rating. The bank noted that Xiaomi's full-year net profit last year rose 35.4% year-on-year to RMB 23.7 billion, exceeding the market expectation of RMB 20.1 billion. This means that the net profit in the fourth quarter of last year increased by 91% year-on-year and 69% quarter-on-quarter to RMB 9 billion, with the adjusted net profit for the quarter reaching a historical high of RMB 8.32 billion, up 69% and 33% year-on-year and quarter-on-quarter, respectively. The bank pointed out that a key positive surprise was that the adjusted losses from the smart electric vehicle and other new project businesses were less than expected, with a year-on-year decrease of 71% and a quarter-on-quarter decrease of 53% to RMB 700 million in the fourth quarter of last year, benefiting from improved gross margins due to increased sales of high-margin accessories, reduced fixed costs from operational leverage, and decreased external component procurement ### 相關股票 - [Xiaomi Corporation (XIACY.US)](https://longbridge.com/zh-HK/quote/XIACY.US.md) - [XIAOMI-W (01810.HK)](https://longbridge.com/zh-HK/quote/01810.HK.md) ## 相關資訊與研究 - [Xiaomi posts FY net income attributable RMB 41,643.4 million](https://longbridge.com/zh-HK/news/280290270.md) - [Tesla China Demand Faces More Pressure: New Rival Premium EV Hits 15,000 Orders In 34 Minutes](https://longbridge.com/zh-HK/news/280672221.md) - [Gas prices are skyrocketing from the Iran war. Is this the electric car’s time to shine? What to know before investing in one](https://longbridge.com/zh-HK/news/281021862.md) - [Jiangsu Zenergy Profit Soars on Booming EV and Storage Battery Demand](https://longbridge.com/zh-HK/news/280991863.md) - [Xiaomi bought back 5 mln type-B shares for HK$161.6 mln on March 30 - HKEX](https://longbridge.com/zh-HK/news/281042778.md)