CICC: Xiaomi Group-W (01810.HK) first-quarter revenue expected to hit a new high

According to the Citic Securities app, Citic Securities released a research report stating that it is expected that Xiaomi Group -W (01810.HK) will achieve a record high in revenue in the first quarter, and it is optimistic about the long-term growth potential of new car launches and AI on the device side, maintaining a "outperform industry" rating. Citic Securities expects Xiaomi's first quarter revenue to increase by 44.85% year-on-year to 109.37 billion yuan, with adjusted net profit increasing by 53.03% year-on-year to 9.93 billion yuan (including a loss of 340 million yuan in the automobile and innovation business). Based on the strong performance of the IoT and automobile businesses, Citic Securities raised Xiaomi's 2025-2026 adjusted net profit forecast by 4.6% and 3.8% to 40.2 billion and 54.74 billion yuan.