On August 24, XIAOMI-W declined 3.38% in regular trading, trading at 27.96 HKD/share, with turnover of 1.067 billion HKD.

On the news front, southbound funds recently net sold 7.63 billion HKD worth of Hong Kong stocks, with XIAOMI-W being a primary target. Over the prior week following its Q2 earnings release, the stock had accumulated gains exceeding 13%, triggering profit-taking. Weekly southbound net outflows from XIAOMI-W totaled approximately 2.25 billion HKD.

Fundamentally, Q2 revenue reached 108.9 billion RMB, down 6.1% YoY though up 9.9% sequentially; adjusted net profit was 6.219 billion RMB, declining 42.6% YoY with smartphone shipments falling 26.5% YoY. Despite multiple investment banks maintaining overweight ratings — Morgan Stanley with a 32 HKD target and Barclays with a 30 USD target citing an undervalued AI strategy — the rapid post-earnings surge attracted sustained fund outflows, creating near-term selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)