I am most optimistic about $XIAOMI-W(01810)$ , primarily due to its dual-engine growth in the EV business and high-end smartphones. The EV segment is expected to grow 171% in 2025, reaching RMB 88 billion, accounting for 19% of total revenue, making it a key driver of Xiaomi's future growth. With the launch of the SU7 model and the second factory going into production, Xiaomi is well-positioned to capture a larger share of the EV market. Meanwhile, its smartphone business is benefiting from a higher proportion of high-end models and government subsidies, further enhancing profitability.

Additionally, Xiaomi’s internet services business maintains a high gross margin of 70-80%, providing stable profit support. In terms of valuation, Xiaomi appears more attractive compared to Tencent and Meituan, as the market has yet to fully price in its EV growth potential. Therefore, I believe Xiaomi has the greatest growth potential.

@Tiger_comments @Tiger_Earnings @TigerStars @TigerGPT

# Xiaomi's Earnings Beats: Will It Trigger a New Bull Run?

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