Changes in Hong Kong stocks | Xiaomi Group-W (01810) rose more than 3%, and intensive sales companies such as flagship phones and Pengcheng cars are expected to reach a fundamental inflection point

The Zhitong Finance App learned that Xiaomi Group-W (01810) rose more than 3%. As of press release, it had risen 2.88% to HK$27.12, with a turnover of HK$1,557 billion.

According to the news, the Xiaomi Pengcheng series was officially launched recently. A total of 4 models in the N70 and N90 series were launched. The price was 209,900 to 299,900 yuan, and the number of locked units exceeded 10,000 units within 4 minutes of launch. In addition, the company also released the Xiaomi 18 Fold mid-folding flagship phone and the latest flagship tablet, the Xiaomi Tablet 9 ProMax. Wang Xiaoyan, senior vice president of Xiaomi and president of China, posted on Weibo on September 12 that in the past two days, the intensity of the Xiaomi Home was full, and passenger traffic at some stores directly skyrocketed 400% during peak hours.

According to the Lyon Research Report, with the launch of the new flagship product, the bank believes that Xiaomi's revenue and profits should bottom out in the third quarter of 2026 and begin to rebound in the fourth quarter. Cathay Pacific Haitong Securities also believes that the second half of the year may ushered in a fundamental inflection point due to expectations of marginal cost improvement plus new cars.