金融界4月17日消息，A股三大指数收盘涨跌不一，中华港股通优选50指数 (中华港股通优选50， CESP50)上涨1.7%，报2685.3点，成交额734.28亿元。 从指数持仓来看，中华港股通优选50指数十大权重分别为：阿里巴巴-W（11.76%）、腾讯控股 （10.28%）、汇丰控股（10.21%）、美团-W（6.25%）、建设银行（6.03%）、小米集团-W （5.52%）、友邦保险（4.42%）、中国移动（3.88%）、工商银行（3.49%）、比亚迪股份（3.38%）。 从中华港股通优选50指数持仓的市场板块来看，香港证券交易所占比100.00%。 从中华港股通优选50指数持仓样本的行业来看，金融占比37.01%、可选消费占比27.48%、通信服务占 比16.55%、信息技术占比7.69%、能源占比3.86%、房地产占比2.69%、公用事业占比1.85%、主要消费 占比1.00%、医药卫生占比0.97%、工业占比0.90%。 本文源自：金融界 作者：行情君 数据统计显示，中华港股通优选50指数近一个月下跌12.84%，近三个月上涨8.22%，年至今上涨 5.29%。 据了解，"中华港股通优选50指数由 ...

| 港股通(沪)活跃成交股 | | --- | | 巨子生物 HK 02367 | 5.26亿 | 1.09亿 | 6.35亿 +4.16亿 | | --- | --- | --- | --- | | 华虹未曾体 | 3.85亿 | 2.42亿 | 6.27亿 | | HK 01347 | | | +1.43亿 | | 泡泡玛特 HK 09992 | 1.92亿 | 3.18亿 | 5.11亿 -1.26 乙 | 智通财经APP获悉，4月17日港股市场，北水成交净买入23.09亿港元，其中港股通(沪)成交净买入5.08亿 港元，港股通(深)成交净买入18.01亿港元。 北水净买入最多的个股是阿里巴巴-W(09988)、腾讯(00700)、美团-W(03690)。北水净卖出最多的个股 是盈富基金(02800)、小米集团-W(01810)、中海油(00883)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 阿里巴巴-W | 22.44 Z | 19.34 乙 | 41.78亿 | | HK 09988 | | | +3 ...

智通财经APP获悉，4月16日港股市场，北水成交净买入78.94亿港元，其中港股通(沪)成交净买入80.41 亿港元，港股通(深)成交净卖出1.47亿港元。 北水净买入最多的个股是盈富基金(02800)、阿里巴巴-W(09988)、中国移动(00941)。北水净卖出最多的 个股是小米集团-W(01810)、中芯国际(00981)、小鹏汽车-W(09868)。 | 股票名称 | 买入额 | 卖出额 | 买卖总额 | | --- | --- | --- | --- | | | | | 净流入 | | 小米集团-W | 30.02亿 | 34.00亿 | 64.01亿 | | HK 01810 | | | -3.98 乙 | | 阿里巴巴-W | 27.68亿 | 17.63 亿 | 45.31亿 | | HK 09988 | | | +10.05 乙 | | 腾讯控股 | 24.27 乙 | 15.87 乙 | 40.14亿 | | HK 00700 | | | +8.40亿 | | 中芯国际 | 18.65 乙 | 17.98亿 | 36.62亿 | | HK 00981 | | | +6687.41万 | | ...

南向资金今日大幅净买入78.94亿元。港股通（沪）方面，盈富基金、阿里巴巴-W分别获净买入10.66亿 港元、10.05亿港元；小米集团-W净卖出额居首，金额为3.98亿港元；港股通（深）方面，盈富基金、 阿里巴巴-W分别获净买入6.39亿港元、3.19亿港元；小米集团-W净卖出额居首，金额为5.49亿港元。 ...

Investment Rating - The report initiates coverage with a "Buy" rating for Xiaomi Group [9] Core Views - Xiaomi Group has evolved from its origins in the MIUI system and mobile phones to become a leading platform in consumer electronics, integrating smartphones, IoT devices, and electric vehicles into a cohesive ecosystem [2][6] - The company is experiencing initial success in its high-end smartphone strategy, with a focus on combining online and offline retail to enhance market penetration [2][7] - Xiaomi's IoT platform is robust, contributing to high user retention and brand loyalty, positioning the company favorably in the consumer electronics market [2][8] Summary by Sections Company Overview - Xiaomi started with the MIUI system and launched its first smartphone in 2011, quickly becoming the top seller in China by 2014. The company has since expanded into the IoT market and announced its entry into the smart electric vehicle sector in 2021, with the first vehicle expected to be delivered in 2024 [6][13] Smartphone Market - The smartphone market is currently in a mature phase, with growth driven by high-end product offerings and global expansion. Xiaomi has focused on enhancing its product quality and brand recognition through strategic partnerships, such as with Leica for camera technology [7][39] - Xiaomi's average selling price (ASP) for smartphones is increasing, particularly in the $400-$800 price range, indicating successful penetration into the high-end market [7][39] IoT and Ecosystem - Xiaomi's IoT strategy leverages its smartphone user base to drive growth in connected devices. The company has a leading position in the IoT market, benefiting from its established brand and product ecosystem [8][15] - The integration of various devices within the "human-vehicle-home" ecosystem enhances user experience and promotes cross-selling opportunities [15][28] Financial Performance - In 2024, Xiaomi reported revenue of 365.91 billion yuan, a 35% year-on-year increase, with net profit also rising by 35% to 23.658 billion yuan. The smartphone segment remains dominant, contributing 52.41% of total revenue [25][26] - The IoT segment accounted for 28.45% of revenue, with significant growth in home appliances, while the electric vehicle segment contributed 8.95% [25][26] Future Outlook - The report forecasts that Xiaomi's net profit will continue to grow, reaching 35.404 billion yuan in 2025, 51.653 billion yuan in 2026, and 65.531 billion yuan in 2027, supported by its diversified product strategy and ecosystem development [8][25]

南向资金今日净卖出40.33亿元。港股通（沪）方面，盈富基金、恒生中国企业分别获净卖出133.38亿港 元、29.32亿港元；阿里巴巴-W净买入额居首，金额为14.68亿港元；港股通（深）方面，恒生中国企 业、盈富基金分别获净卖出48.18亿港元、18.46亿港元；小米集团-W净买入额居首，金额为9.06亿港 元。 ...

相关ETF中，港股消费ETF（159735）低开高走，截至发稿，该ETF跌幅收窄至0.99%，成交额超4000 万元，换手率超7%。相关成分股中，小米集团-W、中国飞鹤涨超2%，统一企业中国涨幅居前。 港股消费ETF（159735）跟踪中证港股通消费主题指数，该指数选取港股通范围内流动性较好、市值较 大的50只消费主题相关股票组成指数样本，采用自由流通市值加权，以反映港股通内消费类股票的整体 表现。 消息面上，4月7日，吉林、海南两省专题研究提振消费工作。吉林省省长胡玉亭主持召开提振消费专题 会议。会议审议了《吉林省提振消费专项行动实施方案》，逐项讨论研究促进居民增收减负、提升消费 质量、更新大宗消费、优化消费环境等方面举措，部署下步重点工作。海南省政府召开专题会议，研究 提振和扩大消费行动相关工作。会议指出，在需求端上，既要多渠道增加居民收入，以居民生活水平的 持续改善增强居民消费能力和底气，也要挖掘"Z世代" "银发族"等消费群体潜力，大力吸引国际游客， 让海南消费这架"马车"跑得更快更稳。 万联证券指出，特朗普政府加征关税短期内可能会对我国出口造成一定负面影响，但我国是超大规模经 济体，具备强大的抗压能 ...

Group 1 - The Hang Seng Index fell by 13.22% on April 7, with total southbound trading amounting to HKD 243.97 billion, including buy transactions of HKD 129.67 billion and sell transactions of HKD 114.30 billion, resulting in a net buy of HKD 15.37 billion [1] - The southbound trading through Stock Connect (Shenzhen) had a total trading amount of HKD 98.50 billion, with buy transactions of HKD 52.35 billion and sell transactions of HKD 46.15 billion, leading to a net buy of HKD 6.20 billion [1] - The southbound trading through Stock Connect (Shanghai) had a total trading amount of HKD 145.47 billion, with buy transactions of HKD 77.32 billion and sell transactions of HKD 68.15 billion, resulting in a net buy of HKD 9.17 billion [1] Group 2 - The most actively traded stock by southbound funds was Tencent Holdings, with a total trading amount of HKD 28.23 billion, followed by Xiaomi Group-W at HKD 25.65 billion and Alibaba-W at HKD 20.88 billion [2] - Among the net buying stocks, Xiaomi Group-W had the highest net buy amount of HKD 2.54 billion, despite its closing price dropping by 20.59% [2] - Tencent Holdings had a net buy amount of HKD 1.94 billion, while China Mobile saw a net buy of HKD 1.16 billion [2] Group 3 - Alibaba-W experienced the highest net sell amount of HKD 1.95 billion, with its closing price down by 17.98% [2] - Other notable net sells included XPeng Inc. with HKD 0.89 billion and Innovent Biologics with HKD 0.42 billion [2] - Three stocks, including Tencent Holdings, SMIC, and Xiaomi Group-W, have seen continuous net buying for more than three days, with Xiaomi Group-W leading with a total net buy of HKD 5.51 billion [2]

证券研究报告 | 年报点评报告 gszqdatemark 2025 04 06 年 月 日 小米集团-W（01810.HK） 人车家全生态积极增长 小米集团 2024 年收入创历史新高。小米集团 2024 年录得总收入 3659 亿元，同比增长 35.0%，创历史新高。公司 2024 年经调整净利润约 272 亿元，创历史新高，同比增长 41.3%。若剔除汽车及创新业务约 62 亿元 经调整亏损，则消费电子主业录得经调整净利 334 亿元。 按业务线看，小米集团 2024 年手机录得收入 1918 亿元，同比增长 21.8%； IoT 录得收入 1041 亿元，同比增长 30.0%；互联网录得收入 341 亿元， 同比增长 13.3%；汽车及创新业务录得收入 328 亿元。 手机：国内高端突破、国外份额扩张。国内地区：据小米财报披露，2024 小米手机在中国大陆 4000-5000 元价格带市占率第一，达到 24.3%；在 5000-6000 元价格带市占率达 9.7%。国外市场：根据 Canalys 数据，2024 年小米在全球 56 个国家和地区的智能手机出货量排前三名，在 69 个国家 和地区的智能手机 ...

智通财经APP获悉，特朗普"对等关税"即将落地，港股三大指数早盘走高，恒科指数曾涨超2%，午后 涨幅显著收窄。截止收盘，恒生指数涨0.38%或87.26点，报23206.84点，全日成交额2502.31亿港元；恒 生国企指数涨0.24%，报8537.34点；恒生科技指数涨0.23%，报5407.38点。 交银国际表示，全球不确定性升温，港股以守待攻。该行指出，进入4月，后续消费、地产等各项基本 面的数据验证、以及关税等外生性影响将成为市场关注重点，也是4月底中央政治局会议会否释放更进 一步政策刺激信号的关键。 蓝筹股表现 2. 石油股普遍上扬。截至收盘，中海油(00883)涨2.7%，报19.02港元；中海油服(02883)涨2.5%，报6.57 港元；中石油(00857)涨2.07%，报6.42港元；中石化(00386)涨0.24%，报4.11港元。 美国总统特朗普周一表态，要求伊朗尽快达成核协议，并称考虑对俄罗斯能源出口实施新的制裁。这些 言论引发投资者对中东和东欧地缘冲突升温的担忧情绪，隔夜国际油价应声上涨。中信证券研报指出， 综合来看，考虑到近期美国对伊朗、委内瑞拉制裁及地缘扰动等多重因素影响，202 ...