Jiangyin International: Raises target price for Xiaomi Corporation-W to HKD 67, maintains "Buy" rating
Jiangyin International released a research report stating that it has raised the target price for Xiaomi Corporation-W to HKD 67, maintaining a "Buy" rating. On the evening of June 26, 2025, Xiaomi held a conference to unveil its full ecosystem of vehicles, officially launching products such as Xiaomi YU7, Xiaomi MIX Flip2, and Xiaomi AI glasses. The firm has raised its sales forecast for Xiaomi vehicles in 2025/2026 to 400,000/700,000 units. Consequently, it has raised its revenue forecast for 2026/2027 to RMB 646.2 billion / 778.5 billion (same below), and adjusted its earnings per share forecast for 2026 to RMB 2.17 (previously RMB 2.14). The firm noted that the luxury high-performance Xiaomi YU7 has been officially launched. The starting prices for YU7/YU7 Pro/YU7 Max are RMB 253,500 / 279,900 / 329,900 respectively. After one hour of sales, YU7 received over 289,000 pre-orders, exceeding market expectations. The first AI glasses have long-term growth potential. The prices for the basic version / electrochromic version / color electrochromic version of the AI glasses are RMB 1,999 / 2,699 / 2,999 respectively. The firm believes this pricing slightly exceeds market expectations, and the launch of the AI glasses is expected to further strengthen its vehicle ecosystem closed loop
According to Zhitong Finance APP, Jiangyin International has released a research report stating that it has raised the target price for Xiaomi Corporation-W (01810) to HKD 67 and maintained a "Buy" rating. On the evening of June 26, 2025, Xiaomi held a full ecosystem launch event, officially unveiling products such as Xiaomi YU7, Xiaomi MIX Flip2, and Xiaomi AI glasses. The firm has raised its sales forecast for Xiaomi cars in 2025/2026 to 400,000/700,000 units. As a result, it has adjusted its revenue forecast for 2026/2027 to RMB 646.2 billion / 778.5 billion (the same below) and raised its adjusted earnings per share forecast for 2026 to RMB 2.17 (previously RMB 2.14).
The firm pointed out that the luxury high-performance Xiaomi YU7 has been officially launched. The starting prices for YU7/YU7 Pro/YU7 Max are RMB 253,500 / 279,900 / 329,900 respectively. After one hour of sales, over 289,000 units were pre-ordered for the YU7, exceeding market expectations. The first AI glasses have long-term growth potential. The prices for the basic version / electrochromic version / color electrochromic version of the AI glasses are RMB 1,999 / 2,699 / 2,999 respectively. The firm believes this pricing slightly exceeds market expectations, and the launch of the AI glasses is expected to further strengthen its human-vehicle ecosystem closed loop
