Xiaomi slips as quarterly profit falls, Citi cuts target price

Shares of Xiaomi Corp 1810.HK slip 3.2% to HK$31.62

Top pct loser on Hang Seng TECH Index .HSTECH, which climbs 1%

Xiaomi's quarterly profit fell for the first time in three years at the end of last year as the Chinese smartphone and EV major navigated rising costs and intensifying competition

Xiaomi's Q4 adjusted profit down 24% y/y, 2025 profit up 44% y/y

Citi keeps "buy" rating, saying 4Q25 adjusted net income ahead of estimates; trims PT to HK$40 from HK$42 on lower EV shipment

YTD, stock down 18%, benckmark Hang Seng Index .HSI down 1.5%