$XIAOMI-W(01810.HK) Xiaomi's latest performance is impressive:
1. Total revenue reached 116 billion yuan, up 30.5%, with net profit exceeding 10 billion yuan, a 75.4% increase.
2. The automotive business is expanding rapidly, with 81,000 deliveries in Q2 and an annual target of 350,000 vehicles. It is expected to turn a profit in the second half of the year.
3. The high-end smartphone and IoT businesses remain strong, with R&D investment hitting a record high.
Short-term target: The stock price is expected to challenge around HK$65.
Long-term target: Bullish on the "Human x Car x Home" ecosystem and technological innovation, with sustained growth over the next 3-5 years, driving valuation higher.
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