On August 27, XIAOMI-W fell 3.16% in regular trading to HK$27.56, with turnover of HK$2.752 billion. The stock reversed the previous session's 4%+ rebound driven by the Xuanjie triple-chip launch, as the positive catalyst was quickly digested.

On the capital flow front, southbound funds have been persistently selling XIAOMI-W over the past week, with cumulative weekly net outflows reaching HK$2.25 billion, creating sustained downward pressure. The heavy selling follows a rapid 13%+ post-earnings rally that intensified profit-taking sentiment among institutional investors.

Fundamentally, the company's Q2 results released on August 18 showed revenue of RMB 108.9 billion, down 6.1% year-over-year, with adjusted net profit of RMB 6.219 billion declining 42.6% YoY and smartphone shipments falling 26.5% YoY. While multiple investment banks maintain overweight ratings and the auto business continues scaling with monthly deliveries exceeding 30,000 units, near-term technical selling pressure from northbound capital outflows remains a headwind for the stock.

(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.)