Understanding the Market | Xiaomi Corporation-W fell over 3% against the trend, with a cumulative drop of over 10% after the press conference
Xiaomi Corporation-W's stock price fell over 3% against the market trend, after a significant drop of 8% in the previous trading day. As of the time of writing, the stock price is reported at HKD 53.15, with a trading volume of HKD 12.477 billion. On September 25th, Xiaomi launched the Xiaomi 17 series smartphones and other new products, but the launch event lacked highlights and did not provide updates on new electric vehicles or chips. Although the Xiaomi 17 series set a sales record within 5 minutes of going on sale, the promotional poster attracted attention from netizens, and customer service explained that "King of Backlight" refers to the phone's photography technology
According to Zhitong Finance APP, Xiaomi Corporation-W (01810) fell over 3% against the market trend, following an 8% drop on the previous trading day. As of the time of writing, it has decreased by 2.74%, priced at HKD 53.15, with a trading volume of HKD 12.477 billion.
In terms of news, on the evening of September 25, Xiaomi held a new product launch event, introducing the flagship smartphone Xiaomi 17 series, Xiaomi Pad 8 series tablets, and a series of high-end home appliance products. Nomura's research report pointed out that Lei Jun did not provide any updates on the launch of the Xuanji chip, nor did he mention the timeline for new electric vehicle models and capacity expansion plans, indicating that the launch event lacked highlights. On September 27 at 10 AM, the Xiaomi 17 series will be available for sale across all channels. On that morning, Wang Hua, the general manager of Xiaomi Group's public relations department, publicly stated on Weibo that the entire Xiaomi 17 series set a record for first-day sales and revenue for new domestic smartphones across all price segments within 5 minutes of going on sale.
Additionally, it has been reported that recently, on the promotional poster for the new smartphone Xiaomi 17 Pro, the main slogan reads "King of Backlight," but a closer look at the bottom right corner reveals small text stating "King of Backlight is the product design goal." Another poster prominently features the phrase "King of Small Size Endurance," with small text in the bottom right corner again stating "Goal: King of Small Size Endurance." Such posters have attracted the attention of netizens, with some considering it "small text literature" or "wordplay." In response, Xiaomi customer service stated that "King of Backlight" refers to the good image quality in backlight photography, highlighting the phone's technology and features. The small text is merely a form of editing for the poster
