Understanding the Market | Xiaomi Corporation-W rose over 4% as the Xiaomi 17 series launches tonight with the fifth-generation Snapdragon 8 Supreme Edition
Xiaomi Corporation-W's stock price rose by more than 4%, with an increase of 4.22% as of the time of publication, reported at HKD 59.3, with a transaction volume of HKD 11.154 billion. Qualcomm released the fifth-generation Snapdragon 8 Supreme mobile platform, and the Xiaomi 17 series will be the first globally to feature this platform, officially launching tonight at 7 PM. Xiaomi plans to achieve a revenue target of RMB 700 billion in the next three years, increase annual smartphone shipments to 200 million units, double its Internet of Things (IoT) revenue to RMB 200 billion, and reach annual electric vehicle deliveries of 1 million units
According to Zhitong Finance APP, Xiaomi Corporation-W (01810) rose over 4%, with a current increase of 4.22%, priced at HKD 59.3, and a transaction volume of HKD 11.154 billion.
In terms of news, on September 25th, Qualcomm officially launched the fifth-generation Snapdragon 8 Gen 2 mobile platform, which Qualcomm claims to be "the world's fastest mobile CPU." Xiaomi Corporation's founder, chairman, and CEO Lei Jun immediately commented on the processor on social media, stating that it is "indeed powerful," and officially announced that the Xiaomi 17 series will be the first in the world to feature this new platform. It is reported that the new Xiaomi 17 series will be officially launched tonight at 7 PM, with three models: Xiaomi 17 standard version, Xiaomi 17 Pro, and the compact imaging flagship Xiaomi 17 Pro Max, all equipped with Xiaomi Surge OS 3.
In addition, Daiwa published a report stating that they held a non-deal roadshow with Xiaomi's management yesterday (24th). Daiwa quoted Xiaomi's management as saying that the company's revenue target is to reach RMB 700 billion within three years, with plans to achieve the following goals in the next three years: 1) Increase annual smartphone shipments by 10 million units to 200 million units, driving smartphone business revenue to RMB 250 billion; 2) Double Internet of Things (IoT) revenue to RMB 200 billion; 3) Achieve annual electric vehicle deliveries of 1 million units in the next three years, contributing RMB 250 billion in revenue
