HK Stock Market Move | XIAOMI-W (01810) rises over 3% as flagship phones, Pengcheng vehicle series, and other products are launched intensively; the company is expected to see a fundamental inflection point.

XIAOMI-W (01810) rose over 3%, up 2.88% as of press time, at HK$27.12, with a turnover of HK$1.557 billion. On the news front, the Xiaomi Pengcheng series was recently officially launched, debuting four models across the N70 and N90 series, priced at RMB 209,900 to RMB 299,900, with locked orders exceeding 10,000 units within four minutes of launch. In addition, the company also released the Xiaomi 18 Fold mid-fold flagship phone and the latest flagship tablet, the Xiaomi Pad 9 ProMax. Wang Xiaoyan, Senior Vice President of Xiaomi and President of its China region, posted on Weibo on September 12 that the intensity at Xiaomi Home stores has been maxed out over the past two days, with foot traffic at some stores surging 400% during peak hours. A CLSA research report pointed out that with the launch of new flagship products, the bank believes Xiaomi's revenue and profit should bottom out in the third quarter of 2026 and begin to rebound in the fourth quarter. Guotai Haitong also believes that with expectations of marginal cost improvement in the second half of the year plus the boost from new vehicles, a fundamental inflection point may be on the horizon.