🟢 Xiaomi is trading 4.89% up today after Q2 results emphasized EV growth

Xiaomi is trading at HK$27.46 (+4.89%) after Q2 results emphasized electric-vehicle growth and improving smartphone cost pressures.

• Adjusted net profit fell 42.6% year over year and missed estimates; revenue reached RMB108.9 billion.
• Investors focused on EV expansion and management’s view that memory-cost pressure may ease in the second half.
• The move appears company-specific despite weaker broader technology sentiment.