Changes in Hong Kong stocks | Xiaomi Group-W (01810) rose more than 5%, second-quarter results improved month-on-month, and showed resilience in the mobile phone business

The Zhitong Finance App learned that Xiaomi Group-W (01810) rose by more than 5%. As of press release, it had risen 5.04% to HK$27.5, with a turnover of HK$3,829 billion.

According to the news, the Xiaomi Group announced its results for the second quarter of 2026. During the period, it achieved total revenue of 108.9 billion yuan, an increase of 9.9% month-on-month; adjusted net profit of 6.2 billion yuan, an increase of 2.4% month-on-month. Facing continued high prices for core components such as memory, the company actively reduced shipments, optimized product structure, and raised sales prices in the mobile phone business. Mobile ASP reached a record high, and the gross profit margin of 8.5% was better than market expectations. At the results meeting, the company said that storage costs increased or slowed in the third quarter, the mobile phone business had entered a “manageable” state, and the high-end part hedged the increase in storage prices.

Thanks to the expansion of overseas channels and the increase in categories, the overseas revenue of the IoT business grew rapidly over the same period last year, reaching a record high. According to reports, Xiaomi's overseas channel construction has grown by leaps and bounds, with more than 640 new international retail stores, covering Southeast Asia, Europe, East Asia, Latin America, the Middle East, and Africa. Lu Weibing, president of the Xiaomi Group, also said that in the second half of the year, Xiaomi will launch a flagship phone, and the Xiaomi Auto Pengcheng series will also be officially launched. The company is still confident about the results in the second half of the year.