Xiaomi Group (01810.HK) will report Q2 results on Tuesday. A Visible Alpha survey of analysts expects Q2 net profit of RMB 6.01 bln, down from RMB 11.9 bln a year earlier; revenue is forecast at RMB 109.82 bln, down 5.3% YoY. CITIGROUP cites weak sales across smartphones, IoT, internet and EV businesses plus higher memory costs and intensifying competition as margin headwinds, and projects Q2 gross margin may narrow to 19.7%.

Hunan provincial government office issued implementation opinions to accelerate the intelligent robotics industry. The plan targets the full upstream‑midstream‑downstream chain, aims to cultivate chain‑leading firms, and establish a regular provincial‑city joint support mechanism. It supports cross‑industry resource integration and firms’ shift toward technology‑output and ecosystem‑operation models. The document mandates improved listing‑service mechanisms for all types of intelligent robotics companies and steps to speed their connection to capital markets. Chain leaders are encouraged to form innovation application consortia to undertake major national and provincial S&T projects.

汇丰控股：将贵州茅台目标价从1732元下调至1713元。