Xiaomi’s $01810 ecosystem dominance—smartphones (Q1 shipments +23% YoY), AIoT (789M devices, AI subscriptions ↑41%), and EVs (SU7 deliveries soar 85% MoM; Berlin plant scales)—fuels margin expansion. Breakthrough ¥32 resistance, shorts at 3-year lows (11.3%), and HSBC’s ¥38 target (+30% upside) reflect institutional conviction. Battery costs down 31% turbocharge profitability. Buy dips below ¥34. 🚀 #XiaomiRise

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