
Understanding the Market | Xiaomi Corporation-W fell over 3% again, institutions say Xiaomi's stock price fluctuations are influenced by multiple news hotspots and market rumors

Xiaomi Corporation-W fell over 3% again, as of the time of publication, down 3.03% to HKD 47.96, with a trading volume of HKD 5.336 billion. In terms of news, in the early hours of October 13, on the main road of Tianfu Avenue in Chengdu, Sichuan, a Xiaomi SU7 caught fire after a collision while driving. Many people attempted to rescue but were unable to open the SU7's door, raising public concerns about the safety of electronic door handles. According to reports from Blue Whale News, the order transfer market for Xiaomi cars has cooled, with the order recovery price dropping to 2,000 yuan, down from a premium of 20,000 yuan two months ago. China International Capital Corporation published a research report stating that Xiaomi Corporation's stock price has shown volatility this week, mainly influenced by multiple news hotspots and market rumors, involving incidents such as the fatal accident of the Chengdu SU7 Ultra, road testing of the third model in Xinjiang, and the readiness of the second-phase factory in Beijing. Additionally, the firm indicated that although the Xiaomi 17 series high-end combination is better than the Xiaomi 15, it still expects Xiaomi's smartphone gross profit margin (GPM) to hit bottom in the second half of this year. In the third quarter of this year, it is estimated that Xiaomi's smartphone GPM will be 11%, a decline of 0.5 percentage points from 11.5% in the second quarter of this year
According to Zhitong Finance APP, Xiaomi Corporation-W (01810) has fallen over 3% again, down 3.03% as of the time of writing, priced at HKD 47.96, with a trading volume of HKD 5.336 billion.
In terms of news, in the early hours of October 13, a Xiaomi SU7 caught fire after a collision while driving on the main road of Tianfu Avenue in Chengdu, Sichuan. Many people attempted to rescue but were unable to open the SU7's door, raising public concerns about the safety of electronic door handles. According to Blue Whale News, the market for Xiaomi cars has cooled, with order recovery prices dropping to 2,000 yuan, down from a premium of 20,000 yuan two months ago.
Bank of China International published a research report stating that Xiaomi Corporation's stock price has shown volatility this week, mainly influenced by several news hotspots and market rumors, including incidents such as the fatal accident involving the Chengdu SU7 Ultra, road testing of the third model in Xinjiang, and the readiness of the second-phase factory in Beijing. Additionally, the bank indicated that although the Xiaomi 17 series high-end combination is better than the Xiaomi 15, it still expects Xiaomi's smartphone gross profit margin (GPM) to hit bottom in the second half of this year. In the third quarter of this year, it is estimated that Xiaomi's smartphone GPM will be 11%, a decline of 0.5 percentage points from 11.5% in the second quarter of this year
