According to the Goldman Sachs research report, we continue to see the encouraging trend of Xiaomi under the Human x Car x Home strategy, and we are particularly confident in the strong AIoT data for the third quarter, thanks to continued market share growth in key vertical sectors and domestic trade-in programs. The bank raised the company's target price from HK$27.5 to HK$27.8, reaffirming the “buy” rating. Goldman Sachs raised the revenue forecast for the third and fourth quarters of Xiaomi AIoT by 5% each, and the forecast for 2025 to 2026 by 3%. It also raised the Group's revenue and adjusted net profit by 0 to 2% from this year to 2026. The bank said that although testing of the Xiaomi SU7 Ultra prototype at the New Berlin circuit in Germany was delayed due to weather conditions, it is still expected that October will be a strong month for Xiaomi, mainly reflected in three aspects, including an increase in SU7 deliveries; the launch of the Xiaomi Mi 15 series before the end of the month; and the Double Eleven promotion starting October 14.

According to the Goldman Sachs research report, we continue to see the encouraging trend of Xiaomi under the Human x Car x Home strategy, and we are particularly confident in the strong AIoT data for the third quarter, thanks to continued market share growth in key vertical sectors and domestic trade-in programs. The bank raised the company's target price from HK$27.5 to HK$27.8, reaffirming the “buy” rating. Goldman Sachs raised the revenue forecast for the third and fourth quarters of Xiaomi AIoT by 5% each, and the forecast for 2025 to 2026 by 3%. It also raised the Group's revenue and adjusted net profit by 0 to 2% from this year to 2026. The bank said that although testing of the Xiaomi SU7 Ultra prototype at the New Berlin circuit in Germany was delayed due to weather conditions, it is still expected that October will be a strong month for Xiaomi, mainly reflected in three aspects, including an increase in SU7 deliveries; the launch of the Xiaomi Mi 15 series before the end of the month; and the Double Eleven promotion starting October 14.