Lyon: Xiaomi Group-W (01810.HK) Adjusted Net Profit for the Third Quarter Increases by 60%, Electric Vehicles Remain Highlight

According to the Smart Finance APP, UBS released a research report stating that it is expected that Xiaomi Group-W (01810.HK) will achieve a year-on-year increase of 22% in total revenue and 60% in adjusted net profit in the third quarter, driven by solid sales of electric vehicles, reaching 112.9 billion and 10 billion yuan respectively. Its second electric vehicle factory has been approved for production, which will serve as a catalyst to boost stock prices. UBS maintains a "highly confident outperform market" rating with a target price of HK$69.