On the morning of October 27th, Xiaomi Corporation's stock price took a hit, although the decline eased somewhat by midday. Citi issued a research report, projecting that Xiaomi will likely announce its third-quarter results for 2025 on November 18th, with overall performance possibly falling slightly below expectations. This is mainly attributed to lower-than-anticipated gross profit margins for smartphones and IoT revenue. Citi predicts Xiaomi's adjusted net profit for the quarter to reach RMB 10.2 billion and has accordingly revised its smartphone shipment forecasts and gross profit margin assumptions downward for the years 2025 to 2027. Nevertheless, Citi retains a 'Buy' rating, albeit with a slightly adjusted target price of HK$65. Despite uncertainties surrounding the second-phase expansion of Xiaomi's automotive business, Citi expects the electric vehicle division's operating profit to turn positive in the third quarter of 2025. Huatai Securities also shares a positive outlook, believing that Xiaomi's automotive business is poised to become profitable in the third quarter, and thus, maintains a 'Buy' rating. CICC's forecast is even more upbeat, projecting year-on-year growth in Xiaomi's revenue and adjusted net profit for the third quarter, with the automotive and innovation businesses anticipated to achieve profitability for the first time. CICC foresees Xiaomi's electric vehicle deliveries hitting 109,000 units in the third quarter and expresses optimism regarding delivery volume and profit growth in 2026.