#PopMartEarningsWatch

Pop Mart’s latest results tell a more complicated story. 📊 Revenue hit ¥17.17B, up 23.8%, but net profit rose only 10.1%—growth is still strong, but profitability is slowing. The bigger question is whether new IPs like Star People can fill the gap as LABUBU cools off. Six IPs generating over ¥100M is encouraging, but overseas weakness shows the global expansion story still needs proof. Pop Mart is growing, but the next stage is about IP durability, margins, and overseas execution.

#XiaomiQ2Earnings Xiaomi is slowly becoming something bigger than a smartphone company. Its EV business is starting to change the conversation. Phones built the ecosystem. Cars could expand it. The real question isn't whether EVs saved the quarter. It's whether they're becoming Xiaomi's biggest growth engine. Would you value Xiaomi differently today?

#XiaomiQ2Earnings Xiaomi’s latest results highlighted the growing importance of its electric-vehicle business. Second-quarter revenue was approximately RMB99.1 billion, while smartphone revenue was around RMB44.3 billion. Smart EV, AI and other new initiatives generated almost RMB19.9 billion. Continued vehicle deliveries helped offset pressure from smartphone competition, higher component costs and weaker profitability in Xiaomi’s traditional hardware operation. Xiaomi’s advantage is its ability to connect smartphones, home devices and vehicles within one ecosystem. That could reduce customer-acquisition costs and create cross-selling opportunities unavailable to many standalone automakers. However, manufacturing vehicles requires substantial investment, and Xiaomi faces aggressive competition from BYD, Tesla and other Chinese brands. Investors should look beyond delivery growth and monitor vehicle gross margins, factory utilization and research spending. The EV operation is becoming large enough to reshape Xiaomi’s valuation, but it must eventually demonstrate that rapid expansion can produce sustainable profits.

Pop Mart earnings are one I’m genuinely curious about because this isn’t just a normal retail story anymore. The company has managed to turn characters and collectibles into something closer to a global culture and entertainment business. For me, the biggest thing to watch isn’t simply how many Labubu figures or blind boxes they sell. I’m more interested in whether the hype around their major IPs can actually translate into repeat customers and sustainable international growth. That’s always the difficult part with trend-driven businesses. A viral character can create explosive demand, but keeping consumers interested after the initial excitement fades is a completely different challenge. Personally, I think Pop Mart’s overseas performance will tell us a lot. If international sales continue growing and newer characters can succeed alongside its biggest IPs, that would make the business much more interesting to me long term. If growth remains heavily dependent on one or two viral characters, I’d be a little more cautious. #PopMartEarningsWatch $BTC

Pop Mart’s H1 figures reveal a more complicated story than the 23.8% revenue increase suggests. Attributable net profit rose just 10.1%, while slower inventory turnover and weaker margins point to declining growth quality at the margin. The deeper issue is diversification: Greater China expanded 47.3%, yet Asia-Pacific and the Americas contracted, and THE MONSTERS fell about 7.5%. Twinkle Twinkle’s nearly sixfold rise to the No. 2 IP is encouraging, but one breakout does not yet prove a repeatable portfolio model. Sustaining valuation may depend less on creating another phenomenon and more on converting new IP momentum into durable overseas demand. Not advice, just analysis. #PopMartEarningsWatch

#XiaomiQ2Earnings Xiaomi’s Q2 results make the company look less like a smartphone brand and more like a broader consumer-tech platform 👀 The EV business continued to accelerate as deliveries grew, while smartphones faced higher costs and intense competition. What stood out to me is how quickly the balance of the growth story seems to be shifting 🚗 I wouldn’t say EVs have already replaced smartphones as Xiaomi’s core engine. Phones still provide the scale, users and ecosystem that support the wider business. But autos are adding a new source of momentum at a time when smartphone growth is becoming harder and more expensive. The interesting question now isn’t simply whether EVs “rescued” one quarter. It’s whether Xiaomi can scale that business without losing focus or putting too much pressure on margins. This feels like the beginning of a different Xiaomi—but the transition is still being tested.

I was hiding in the bathroom for 20 minutes, refreshing Xiaomi’s numbers. 😂 And now the report is out. Q2 revenue came in at 108.9B yuan, adjusted net profit 6.2B. Not a blowout, but better than the ~108.8B revenue / ~6.0B profit expectations I was watching. The interesting part is still the mix. Smartphone shipments fell to 31.2M, while the EV + AI business reached 24.9B yuan in revenue. That’s the part I care about more than the headline number. If Xiaomi’s car business keeps scaling while margins improve, maybe the market really does need to stop valuing it like just another phone maker. I still have that BTC long stuck in my hands, so I’m not switching horses tonight. 😂 Now I’m curious: if the numbers keep improving, do you hold the crypto and wait for the tech cycle, or rotate into Xiaomi? $BTC $ETH $SNDK #财报观察员：小米Q2财报出炉，是汽车救场还是手机拖后腿？

$XIAOMI | $3.588 Xiaomi is no longer just a smartphone story. The company is expanding across EVs, AI and its broader smart ecosystem. In Q2 2026, EV deliveries jumped 28.2% YoY to 104,199 units, while EV revenue reached RMB 23.9B. Smartphones remain under pressure from rising memory costs, but Xiaomi’s diversification is becoming an increasingly important part of the growth story. $3.588 👀 #DailyOrbit @OKX中文

📱🚗 XIAOMI'S IDENTITY IS QUIETLY SPLITTING IN TWO Look past the headline revenue number and Xiaomi's latest quarter tells a story about where the company is actually headed. Vehicle deliveries hit 104,199 units — up 28.2% year-over-year, the sixth straight quarter of growth — while phone shipments fell over a quarter from a year ago. Xiaomi offset that volume drop by pushing upmarket: average selling price hit a record RMB 1,351, with premium devices now making up nearly a third of China sales. Rising component costs and brutal competition made that a harder win than it looks on paper. Here's the nuance worth sitting with: cars aren't running the show yet. The phone-and-smart-device business still pulled in over three times the revenue of the auto/AI segment this quarter. What's shifted isn't which business is bigger — it's which one is doing the heavy lifting on growth. That's a meaningfully different company than the one investors got used to. Phones built the user base, the ecosystem, the brand recognition. Now that engine is working harder for smaller gains, while a business that didn't exist a few years ago is picking up real momentum. The open question isn't whether autos saved the quarter — they didn't need to, given total revenue still cracked RMB 108.9 billion. It's whether Xiaomi can keep scaling vehicle production without diluting margins or losing the operational focus that made the phone business work in the first place. Early innings, but the direction of travel is getting harder to ignore. Based on Xiaomi's Q2 2026 earnings release, Aug 18, 2026. Not investment advice. #XiaomiQ2Earnings #SandiskValuationSplit #UnitreeIPOJumps629% $BTC $ETH $SNDK

Xiaomi’s earnings aren’t just about phones anymore — the real story is where the growth is coming from. 👀 Xiaomi reports after the market close tonight, and the numbers could reveal something bigger than a simple earnings beat or miss. 📱 Smartphones: Shipments fell 19% YoY to 33.8M units, but ASP jumped 8.2% to ¥1,310. Less volume, higher prices — premiumization is finally showing up. 🚗 EVs: SU7 deliveries reached 104,200 in Q2, while gross margin hit 20.1%. #DailyOrbit