Q: What is XIAOMI-W 2024/Q3 Earnings Preview?
TigerGPT Answer: ### Financial Forecast Data
**Earnings Per Share (EPS):**
- Forecast for Q3 2024: CNY 0.22
- Actual for Q3 2023: CNY 0.24
- Percentage Change: -8.33%
**Total Revenue:**
- Forecast for Q3 2024: CNY 91,107,497,200.00
- Actual for Q3 2023: CNY 70,894,412,000.00
- Percentage Change: +28.55%
**EBIT:**
- Forecast for Q3 2024: CNY 5,689,939,170.00
- Actual for Q3 2023: CNY 6,207,621,000.00
- Percentage Change: -8.34%
**Significance of Changes:**
- The decrease in EPS and EBIT indicates potential challenges in profitability despite a significant increase in total revenue. This could be due to higher operational costs or other expenses impacting the bottom line.
### Quarterly Important News
**Positive News:**
1. **Xiaomi's 2024 Earnings Likely Helped by Robust EV Sales**: The strong performance of Xiaomi's SU7 electric vehicle model has boosted the company's earnings and brand profile, potentially attracting higher-end consumers and increasing average selling prices.
2. **Xiaomi's AI and Big Model Upgrades**: Xiaomi has made significant advancements in AI technology, with the second generation of its big model, MiLM2, showing a 45% improvement in capabilities. This positions Xiaomi as a leader in AI innovation.
3. **Xiaomi's Success in Attracting iPhone Users**: Xiaomi's new smartphone series has successfully attracted a significant number of iPhone users, indicating strong market acceptance and potential for increased market share.
**Negative News:**
1. **Xiaomi's Quality Issues and Public Perception**: Despite the positive news, Xiaomi has faced criticism regarding the quality of its products, which could impact consumer trust and brand reputation.
2. **Competition with Gree**: Xiaomi's rivalry with Gree in the air conditioning market has intensified, with Xiaomi's online sales model posing a challenge to Gree's traditional sales approach.
### Forecast Viewpoints
1. **Market Chatter: Chinese Online Retailers See Rise in Sales, Shoppers During Singles Day**: Market Chatter: Chinese Online Retailers See Rise in Sales, Shoppers During Singles Day
2. **Xiaomi's (HKG:1810) 27% CAGR outpaced the company's earnings growth over the same five-year period**: Xiaomi's (HKG:1810) 27% CAGR outpaced the company's earnings growth over the same five-year period
3. **Xiaomi's 2024 Earnings Likely Helped by Robust EV Sales -- Market Talk**: Xiaomi's 2024 Earnings Likely Helped by Robust EV Sales -- Market Talk
### Stock Trend Analysis
**Stock Price Changes:**
- Latest Price (2024-11-15): HKD 27.85
- Support Price (2024-11-13): HKD 28.98
- Resistance Price (2024-11-13): HKD 23.68
- Quarterly Stock Price Fluctuation: 33.19%
**Analysis:**
- The stock price has experienced significant volatility over the past quarter. The current price is below the support level, indicating potential downward pressure. However, the resistance level suggests a possible rebound if positive news or financial results emerge.
### Options Large Order Analysis
- **Call Options (Bullish):** MIU 20241128 27.00 call, Volume: 1000.0, T/O: 1.59
- **Put Options (Bearish):** Multiple large orders for MIU 20241128 27.00 put, with significant volumes and turnover.
**Analysis:**
- The presence of more put options suggests a bearish sentiment among investors, indicating a higher probability that the financial report may fall below expectations.
### Analyst Ratings and Target Price Forecast
- **Analyst Ratings:** 10 recommend, 19 buy, 2 hold, 1 underperform
- **Target Price:** Mean: HKD 28.11539, Low: HKD 16.0, High: HKD 36.7
**Valuation Status:**
- The current stock price of HKD 27.85 is close to the mean target price, suggesting that the stock is fairly valued. However, the mixed analyst ratings indicate uncertainty about the company's future performance.
### Comprehensive Conclusion
- **Financial Performance:** The company is expected to see a significant increase in revenue but faces challenges in maintaining profitability.
- **Market Sentiment:** Mixed, with positive developments in EV sales and AI technology but concerns about product quality and competition.
- **Stock Trend:** Volatile, with potential for both upward and downward movements depending on upcoming financial results and market conditions.
- **Options Analysis:** Bearish sentiment prevails, indicating caution among investors.
- **Analyst Ratings:** Fairly valued with a cautious outlook.
**Disclaimer:** The above content is generated by the AI robot TigerGPT and does not represent any personal views. The content is for reference only and does not constitute any investment advice.
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