On June 19, Goldman Sachs issued a research report revealing that Xiaomi amassed a total gross merchandise volume (GMV) of RMB 35.5 billion during this year's 618 shopping festival. This figure signifies a 35% year-on-year growth and an 11% uptick compared to the previous year's Double 11 sales period. This performance accounts for 71% of Goldman Sachs' forecast for Xiaomi's China smartphone and AIoT revenue in the second quarter, underscoring a performance that aligns with expectations. Moving forward, Goldman Sachs advises investors to direct their attention towards Xiaomi's first-day sales orders for its electric vehicle model, YU7, as well as upcoming product launches, including the Xiaomi MIX Flip 2, Redmi K80 Ultra 3, Xiaomi Pad 7S Pro equipped with the XRINGO1 chip, and Xiaomi's inaugural AI smart glasses. Goldman Sachs maintains its 'Buy' rating for Xiaomi, with a target price of HK$65.