On September 8, XIAOMI-W fell 3.05% in regular trading, trading at 26.6 HKD/share, with turnover of approximately 1.309 billion HKD. The stock had already declined 3.16% on September 7, exhibiting a classic pattern of profit-taking following the materialization of multiple positive catalysts.

The decline followed XIAOMI-W's high-profile autumn launch event on September 7, where the company unveiled four Pengcheng-series extended-range SUVs — the N70 Pro (starting at 209,900 RMB), N70 Max, N90 Max, and N90 Max Explorer Edition — alongside the flagship Mi 18 Fold mid-fold smartphone priced from 10,999 RMB. While initial market reception appeared strong, with Pengcheng lock-in orders surpassing 10,000 units within four minutes, funds opted to take profits on the news.

Adding to investor caution, cumulative deliveries have exceeded 800,000 units but represent only approximately 44.8% of the full-year 550,000-unit target, requiring an average monthly delivery of roughly 75,900 units over the remaining four months. Meanwhile, Jefferies recently upgraded its rating to Hold but set a target price of 25.54 HKD, below the current trading level, suggesting limited near-term valuation upside. The broader Hong Kong-listed auto sector also traded weaker on the session.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)