On July 3rd, Guosen Securities reported that the growth prospects of Xiaomi are good, and that the growth in SU7 shipments and market share are catalysts that may appear soon. The bank believes that the market is overly concerned about the company and that the current stock price adjustment presents an opportunity for investors to buy, reiterating its "buy" rating with a target price of HKD 25.39. Guosen International stated that Xiaomi expects the impact on gross margin to stabilize in the second half of the year, considering stable memory prices, the launch of high-end models (MIX Fold 4, Xiaomi 15), and cost improvement. The report also mentioned that Xiaomi reiterates its annual target of delivering 120,000 electric vehicles and delivering 10,000 vehicles per month, despite concerns in the market about slowing SU7 orders.
大行评级｜招银国际：重申小米“买入”评级 指其增长前景完好
Major bank rating | CMB International: reiterate Xiaomi's "buy" rating, indicating its excellent growth prospects.
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