Goldman Sachs released a research report stating that the Xiaomi Group-W (01810.HK) “buy” rating will raise the revenue forecast for 2024 to 2026 by 1% to 2%, raise earnings estimates per share by 12%, 4% and 3% respectively for each year, and slightly raise the target price from HK$22.6 to HK$23. The Group's overseas revenue contribution increased year on year for the first time since the fourth quarter of 2022 to 50.2%. Revenue increased 40% year over year, while mainland revenue increased 16% year over year. The bank anticipates that this trend will continue to provide Xiaomi with the potential to increase profit margins in businesses such as smartphones, the Internet of Things, and the Internet in the next few years.