On September 29, Huatai Securities released a research report that exudes confidence in Xiaomi's persistent investment in cutting-edge technology sectors, including semiconductor chips, artificial intelligence (AI), and integrated systems. The report posits that these strategic moves will cement a robust foundation for Xiaomi's ambitious 'Human-Car-Home' ecosystem strategy, which aims to seamlessly integrate smart devices, vehicles, and home environments. Huatai Securities has set a target price of HK$65.4 for Xiaomi, further breaking it down to HK$46.3 for its non-automotive business and HK$19.1 for its automotive segment. These projections align with a 30x price-to-earnings ratio anticipated for 2026, prompting the firm to reiterate its 'Buy' rating. Considering the steady enhancement in the competitive edge of Xiaomi's smartphone offerings and the improving gross profit margin of its automotive operations, Huatai Securities projects that Xiaomi's net profit attributable to shareholders will surge to RMB 44.31 billion in 2025, RMB 52.63 billion in 2026, and RMB 67.12 billion in 2027.