One of the technology giants, Xiaomi Group (1810), just delivered its annual speech, also announced Xiaomi’s progress and strategy on the AI model, and made a rare comprehensive reflection on the high-end transformation of Xiaomi mobile phones, and released the Xiaomi MIX Fold 3, Mi Band 8 Pro and other new products. According to the quarterly report of Xiaomi Group, with the release of the Xiaomi 13 series at the end of 2022, Xiaomi will deepen its market share of high-end smartphones in mainland China. According to third-party data, in the first quarter of 2023, Xiaomi will rank first among Android manufacturers in the sales of smartphones priced between RMB 4,000 and RMB 5,000 in mainland China, and its market share has increased by 7.7 percentage points year-on-year to 24.1%. The average selling price of smartphones in mainland China hit a record high in a single quarter, with a year-on-year increase of more than 18%. The group’s new product release is the most important flagship of this year, and it is also the new king of the group’s folding screen series. It is believed that it will bring considerable performance growth. The target price is 14 yuan, and the stop loss price is 11.2 yuan.
The author is a person licensed by the Securities Regulatory Commission and does not hold the above shares.
Executive Partner of EB Capital Asia
Deng Shengxing
