19 August 2026 | 2:30AM HKT Equity Research Xiaomi Corp. (1810.HK) 2Q26 Review: Smartphone GPM Beats, EV Beta Weighs, New Catalyst Window Opens; Buy 1810.HK 12m Price Target: HK$39.00 Price: HK$26.18 Upside: 49.0% Ahead of Xiaomi's SkyNomad model launch in early Sep, Xiaomi delivered 2Q26 results that are largely inline with expectations. Revenue declined -6% yoy (largely inline with GSe/Visible Alpha Consensus Data), while adj. net profit fell -43% yoy to Rmb6.2bn (4% above GSe/2% below consensus) as highe ...