On September 25, XIAOMI-W declined 3.69% in regular trading, trading at 25.62 HKD/share, with turnover of approximately 212 million HKD. The stock had risen nearly 2% in the prior session after Citi maintained a Buy rating with a 34 HKD target price, but those gains were swiftly reversed.

On the fundamental side, the company's interim results revealed notable earnings pressure. Revenue for the first half came in at 208.063 billion yuan, down 8.44% year-over-year, while adjusted net profit fell 42.86% to 12.291 billion yuan from 21.506 billion yuan a year earlier. Gross profit also declined 15.70% to approximately 43.419 billion yuan. Management attributed the weakness to macroeconomic volatility and shifting market demand.

Sentiment remains under pressure from two ongoing controversies. Developers who decompiled the MiMo Code installation package discovered undisclosed modules capable of traversing Git repositories and packaging source code, raising data security concerns. Separately, a leaked internal memo from Xiaomi Pengcheng stores detailing workarounds for center console vibration issues in its vehicles continued to draw negative attention, with no official response issued to date.

(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.)