Understanding the Market | Xiaomi Corporation-W rises over 5%, second-quarter performance improves quarter-on-quarter, mobile business shows resilience

Zhitong
2026.08.19 02:33

Xiaomi Corporation-W rose over 5%, as of the time of writing, up 5.04%, reported at HKD 27.5, with a transaction volume of HKD 3.829 billion. In terms of news, Xiaomi Corporation announced its Q2 2026 performance, achieving total revenue of CNY 108.9 billion, a quarter-on-quarter increase of 9.9%; adjusted net profit of CNY 6.2 billion, a quarter-on-quarter increase of 2.4%. In the face of persistently high prices for core components such as memory, the company has proactively reduced shipments in its mobile business, optimized product structure, and increased prices, with mobile ASP reaching a historical high and a gross margin of 8.5%, better than market expectations. At the earnings conference, the company stated that the increase in storage costs may slow down in Q3, and the mobile business has entered a "controllable" state, with the high-end segment offsetting the rise in storage prices. Thanks to the expansion of overseas channels and an increase in product categories, the IoT business's overseas revenue has grown rapidly year-on-year, reaching a historical high. It was disclosed that Xiaomi's overseas channel development has achieved leapfrog growth, with over 640 international new retail stores covering regions such as Southeast Asia, Europe, East Asia, Latin America, the Middle East, and Africa. Xiaomi Corporation President Lu Weibing also stated that in the second half of the year, Xiaomi will launch flagship smartphones, and the Xiaomi automotive Pengcheng series will officially be launched, with the company remaining confident in its performance for the second half of the year

According to Zhitong Finance APP, Xiaomi Corporation-W (01810) rose over 5%, up 5.04% as of the time of writing, priced at HKD 27.5, with a transaction volume of HKD 3.829 billion.

In terms of news, Xiaomi Corporation announced its Q2 2026 performance, achieving total revenue of CNY 108.9 billion, a quarter-on-quarter increase of 9.9%; adjusted net profit of CNY 6.2 billion, a quarter-on-quarter increase of 2.4%. In the face of persistently high prices for core components such as memory, the company proactively reduced shipments in its mobile business, optimized product structure, and raised prices, with mobile ASP reaching a historical high and a gross margin of 8.5%, better than market expectations. At the earnings conference, the company stated that the increase in storage costs may slow down in Q3, and the mobile business has entered a "controllable" state, with the high-end segment offsetting the rise in storage prices.

Thanks to the expansion of overseas channels and an increase in product categories, the overseas revenue of the IoT business has grown rapidly year-on-year, reaching a historical high. It was disclosed that Xiaomi's overseas channel construction has achieved leapfrog growth, with over 640 international new retail stores covering regions such as Southeast Asia, Europe, East Asia, Latin America, the Middle East, and Africa. Xiaomi Corporation President Lu Weibing also stated that in the second half of the year, Xiaomi will launch flagship smartphones, and the Xiaomi Automotive Pengcheng series will officially hit the market, with the company still confident in its performance for the second half of the year

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