Xiaomi Set to Post Softer 3Q Profit Growth -- Market Talk

Dow Jones

Nov 11

0749 GMT - Xiaomi is expected to post softer on-year net profit growth for 3Q, partly weighed by weaker Internet of Things seasonal demand in 2H and the diminishing effect of Chinese subsidies, HSBC analysts say in a note. Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.(jason.chau@wsj.com)

(END) Dow Jones Newswires

November 11, 2025 02:49 ET (07:49 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www-web.itiger.com/news/2582355969"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2582355969\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2582355969?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-11 15:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2582355969","market":"sh","top_or_hot":-1,"title":"Xiaomi Set to Post Softer 3Q Profit Growth -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0749 GMT - <a href=\"https://laohu8.com/S/XIACY\">Xiaomi</a> is expected to post softer on-year net profit growth for 3Q, partly weighed by weaker Internet of Things seasonal demand in 2H and the diminishing effect of Chinese subsidies, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> analysts say in a note. Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.(jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2025 02:49 ET (07:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Xiaomi Set to Post Softer 3Q Profit Growth -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi Set to Post Softer 3Q Profit Growth -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-11-11 15:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0749 GMT - <a href=\"https://laohu8.com/S/XIACY\">Xiaomi</a> is expected to post softer on-year net profit growth for 3Q, partly weighed by weaker Internet of Things seasonal demand in 2H and the diminishing effect of Chinese subsidies, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> analysts say in a note. Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.(jason.chau@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 11, 2025 02:49 ET (07:49 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HSBA.UK","symbol_name":"汇丰控股有限公司","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2582355969","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582355969","pubTimestamp":1762847340,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0749 GMT - Xiaomi is expected to post softer on-year net profit growth for 3Q, partly weighed by weaker Internet of Things seasonal demand in 2H and the diminishing effect of Chinese subsidies, HSBC analysts say in a note. Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"81810":"小米集团-WR","HSBA.UK":"汇丰控股有限公司","LU1188198961.HKD":"SCHRODER ISF CHINA OPPORTUNITIES \"A\" (HKD) INC QV","BK1193":"电脑硬件、储存设备及电脑周边","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0054450605.USD":"HSBC GIF GLOBAL EMERGING MARKTS EQ \"AD\" INC","LU0359201612.USD":"贝莱德中国基金A2","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","LU1770036033.HKD":"NINETY ONE GSF ASIAN EQUITY \"A\" (HKD) ACC","BK4588":"碎股","LU0605514214.HKD":"FIDELITY CHINA CONSUMER \"A\" (HKD) ACC","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","LU0210526637.USD":"JPM CHINA \"A\" (USD) ACC","LU1303224171.USD":"NINETY ONE GSF ALL CHINA EQUITY \"A\" (USD) INC","03143":"华夏香港银行股","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU0417516902.SGD":"Allianz China Equity Cl AT Acc SGD","BK1575":"同股不同权","HSHD.SI":"HSBC HK SDR 5to1","LU0348825331.USD":"ALLIANZ CHINA EQUITY \"A\" (USD) INC","LU0531971595.HKD":"HSBC GIF CHINESE EQUITY \"AD\" (HKD) INC","LU0871576103.HKD":"HSBC GIF CHINESE EQUITY \"AC\" (HKD) ACC","LU0918141887.USD":"安联亚洲实际收益股票基金","LU0918141705.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AM\" (HKD) INC","POST":"Post Holdings","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","XIACY":"小米集团ADR","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","LU0823038988.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) ACC","LU0561508036.HKD":"ALLIANZ CHINA EQUITY \"A\" (HKD) INC","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU0823039010.USD":"AMUNDI FUNDS ASIA EQUITY FOCUS  \"A2\" (USD) INC","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","LU0345775950.USD":"NINETY ONE GSF ASIAN EQUITY \"A\" (USD) ACC","HSBC":"汇丰","LU0516422952.EUR":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (EUR) ACC","LU2399975544.HKD":"ALLIANZ ALL CHINA EQUITY \"AT\" (HKD) ACC","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","01810":"小米集团-W","BK4212":"包装食品与肉类","BK4521":"英国银行股","LU0164872284.USD":"HSBC GIF GLOBAL EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0531970944.HKD":"HSBC GIF BRIC EQUITY \"AC\" (HKD) ACC","LU0117841782.USD":"JPM GREATER CHINA \"A\" (USD) INC","00005":"汇丰控股","HXXD.SI":"Xiaomi HK SDR 2to1"},"translate_title":"小米第三季度利润增长将放缓——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"81810":0.6,"00005":0.9,"01810":0.9,"03143":0.6,"MIUmain":0.9,"HSBA.UK":0.6,"HSBC":0.9,"HSHD.SI":0.6,"HXXD.SI":0.6,"POST":1.5,"XIACY":0.6},"content_text":"0749 GMT - Xiaomi is expected to post softer on-year net profit growth for 3Q, partly weighed by weaker Internet of Things seasonal demand in 2H and the diminishing effect of Chinese subsidies, HSBC analysts say in a note. Meanwhile, Xiaomi's EV margin may narrow due to a lower mix of higher-end SU7 Ultra models. HSBC raises its 2025 net profit estimate by 7%, citing better cost control. But it lowers its 2026 and 2027 earnings estimates by 9% and 7%, respectively, to reflect pressure on revenue and margins. However, the bank says it remains confident in Xiaomi's premiumization strategy for its core businesses and see share-price upside potential. HSBC maintains a buy call on the stock but trims its target price to HK$65.40 from HK$75.90. Shares last traded at HK$42.70.(jason.chau@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 11, 2025 02:49 ET (07:49 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}