Asian Autos Xiaomi Corp Rating Outperform Price Target 1810.HK 60.00 HKD (55.00 OLD) 29 May 2025 Price Target Change eunice.lee@bernsteinsg.com Mika Fu Frankie Fong +852 2123 2637 frankie.fong@bernsteinsg.com Xiaomi: Hitting on all fronts — Raising TP to HK$60.00, reiterate Outperform Xiaomi reported Q1 25 results on May 27 (Link to our quick take), delivering an impressive performance across the board. Revenue soared +47.4% yoy to RMB 111.3bn, with gross margin hitting a record 22.8%. Net income saw a robu ...