$XIAOMI-W(01810)$
Despite a decrease in unit prices, Xiaomi Corporation (stock code: 1810.HK) has achieved a new high in gross profit. Numerous factors contribute to this phenomenon, with performance reports vaguely attributing it to improvements in product structure. However, the primary driver appears to be the minimal impact of inventory impairment, which accounts for a 0.8 percentage point increase.
From a valuation perspective, although the recent financial performance is commendable, Xiaomi has experienced a significant surge. Without clear visibility into sales prospects, there may be opportunities for profit-taking, but the growth potential seems limited.
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