Haitong Int'l research report indicates that despite the recent strong performance of Xiaomi Group's stock price, the company remains optimistic due to its short-term profitability stability, increase in smart phone market share, bottoming out of gross margin, as well as the delivery of 0.12 million electric vehicles and the average selling price improvement from the launch of SU7 Ultra and SUV products in the first quarter next year, which will also contribute to growth. The firm considers the improvement in gross margin of smart phones, internet of things, and electric vehicles, adjusting profit forecasts for this year and next up by 20% to 0%, accordingly raising the target price from 24.2 Hong Kong dollars to 33 Hong Kong dollars, reiterating the rating of 'outperform the market.' The company anticipates a 35% year-on-year increase in adjusted net income in the third quarter, with a 10.5% quarterly decrease to 6 billion RMB, mainly due to the delivery of 0.04 million electric vehicles during the quarter and margin improvement.