XIAOMI(01810) 智通财经网·2025-04-22 09:01Group 1 - The core viewpoint is that Xiaomi Group-W (01810) remains a top pick among Chinese tech stocks due to its strong growth driven by a unique ecosystem, minimal impact from U.S. tariffs, and no risk of delisting from U.S. Depository Receipts (ADR) [1] - The company maintains a "Buy" rating with a target price of HKD 63.25 [1] - Investor feedback is generally positive, with concerns mainly focused on high market expectations and potential delays in the launch of SUV models [2] Group 2 - All emerging market/Asian funds hold Xiaomi shares and agree with its investment story, although many investors are cautious due to escalating U.S.-China tensions [2] - There is some skepticism regarding the company's aggressive growth forecasts for its automotive segment, particularly concerning the delayed launch of SUV models [2] - Goldman Sachs indicates that Xiaomi has not changed its plans for the YU7 model launch in June/July, maintaining a forecast of 400,000 units shipped by 2025 [3] Group 3 - The investigation report on recent accidents is expected to be released in early May, leading to anticipated tightening of regulations on Advanced Driver Assistance Systems (ADAS) marketing by the government [3] - Current ADAS systems in the market are believed to reach a maximum of L2+ level, with many automakers aggressively marketing these features as capable of achieving autonomous driving under various conditions [3] - The government is expected to enhance consumer education regarding ADAS limitations and provide clearer definitions of L2/L3/L4 levels [3]