Xiaomi earlier this month launched its flagship Mi 5 smartphone at the MWC 2016 event in Barcelona and will be bringing the device to India on Thursday. However, a new leaked image now indicates there might be a new smaller Xiaomi smartphone in the making already.

The leaked image coming from Weibo (via Gizchina) shows an unknown black coloured smartphone's display running MIUI. The device is said to feature a 4.3-inch display, and might be launched as an iPhone SE competitor in the future. The handset is tipped to feature a HD (720x1280 pixels) resolution display and powered by the flagship Qualcomm chipset, the Snapdragon 820, clubbed with 3GB of RAM. It is also said to house 32GB of inbuilt storage and a 13-megapixel rear camera with optical image stabilisation. The alleged Xiaomi-made smartphone is expected to carry a price tag of CNY 1,799 (roughly Rs. 18,400). A fingerprint sensor is also tipped.

Although Xiaomi is far from confirming any of the aforementioned specifications, the device if real will be one of the best small-screen handsets in the market as it features top-notch specifications under-the-hood.

On a related note, Xiaomi Mi 5 will be launched by the company in India on Thursday. With the unveiling of the smartphone, India will become one of the first markets with Xiaomi's flagship outside China. Barra had recently revealed that the company received a massive 16 million registrations for the first sale of Mi 5 in China.

To recall, the Xiaomi Mi 5 was announced in three versions - standard edition featuring 3GB of LPDDR4 RAM and 32GB inbuilt storage; prime version featuring 3GB LPDDR4 RAM and 64GB storage, and pro version featuring 4GB of LPDDR4 RAM and 128GB storage. It is not clear if Xiaomi will launch all three variants in India.