Core Insights - Xiaomi's automotive factory in Beijing has become a significant attraction, with a focus on industrial tourism, showcasing advanced manufacturing capabilities and efficiency [1][2] - The factory's production line can manufacture a car in just 76 seconds, highlighting the effectiveness of automation and technology in the manufacturing process [1] - The factory has received over 130,000 visitors in 2025, serving as an educational platform for students and families, enhancing public perception of Chinese manufacturing [1] Group 1 - The factory features advanced technology such as a 9,100-ton integrated die-casting machine and over 700 robotic arms, demonstrating cutting-edge manufacturing processes [1][2] - Xiaomi has successfully integrated cultural and tourism elements into its operations, with merchandise sales exceeding 200,000 units and catering services attracting 70,000 visitors [2] - Due to high demand, the factory has increased its monthly visitor capacity from 10,000 to 25,000 and plans to add a go-kart experience area [2] Group 2 - The concept of "transparent manufacturing" is being effectively implemented, allowing visitors to witness key processes like AI quality inspection and body casting, countering negative perceptions of new automotive entrants [2] - International visitors, including students from Columbia University, have expressed that the factory experience has changed their views on "Made in China" products, emphasizing the high standards of Chinese manufacturing [2]

New Car Launches - Aito M7 extended range version launched with a price range of 299,800 to 319,800 yuan, featuring a single motor with 227 kW and a CLTC range of 327 km, improving from 315 km [1][3][5] - The new Arcfox Kaola S launched with a price range of 99,800 to 119,800 yuan, offering an 8-year or 150,000 km battery warranty and a CLTC range of 520 km [1][5][11] - Wuling Star 560 launched with plug-in hybrid and pure electric versions priced at 91,800 and 98,800 yuan respectively, featuring a design inspired by the Hongguang X concept car [1][13][17] - Leado L60 "Ma Dao Cheng Gong" version launched at 218,900 yuan, maintaining similar design and features to existing models [1][21][23] Company Developments - Lantu Motors signed a strategic cooperation agreement with Yiwang to enhance collaboration in smart driving and marketing [1][28][30] - BAIC New Energy announced L3 and L4 strategic achievements, with the Alpha S (L3 version) starting trial operations in designated areas [1][32][34] - Tesla will shift its Full Self-Driving (FSD) to a subscription model starting February 14, 2024, with current buyout prices at 8,000 USD in the US and 64,000 yuan in China [1][37][38] - Honda announced a new logo for its electric and hybrid vehicles, set to be applied to future models [1][39][40] - Great Wall Motors launched the "Guiyuan" AI platform, compatible with multiple powertrains, aiming to reduce production costs and meet diverse market needs [1][41][45] - Chery unveiled its AI strategy, focusing on making advanced driving features accessible in lower-priced models [1][46][48] Industry News - The Ministry of Industry and Information Technology outlined key tasks for the 2026 new energy vehicle sector, emphasizing technology development and market regulation [1][59][62] - Porsche's global deliveries in 2025 reached 279,449 units, a 10% decline, with significant drops in the Chinese market [1][55][56][58] - The new Xiaomi SU7 set a record in a 24-hour endurance race, covering 4,264 km, showcasing advancements in electric vehicle technology [1][49][51][54]

Group 1: Major Developments - 康耐特光学 (02276) and 歌尔光学 plan to establish a joint venture to expand the application market for customized lenses in AI/AR/VR/MR glasses [1] - 圣贝拉 (02508) and 云迹科技 signed a strategic cooperation framework agreement to explore the deep integration and application of artificial intelligence and robotics in high-demand home care scenarios [1] - KKCG Maritime intends to initiate a voluntary conditional partial public acquisition offer to acquire 15.4% of 法拉帝 (09638) shares [1] - 远大医药 (00512) announced that the new drug application for the innovative radiolabeled drug TLX591-CDx has been accepted by the China National Medical Products Administration [1] - 艾美疫苗 (06660) received approval to conduct clinical trials for a 20-valent pneumococcal polysaccharide conjugate vaccine [1] - 中国东方航空股份 (00670) sold the 凯迪克大厦 in Shanghai and related assets to 东航置业 for approximately 134 million yuan [1] - 佑驾创新 (02431) signed a memorandum of understanding with India's leading automotive parts manufacturer STL [1] - 南山铝业国际 (02610) plans to develop electrolytic aluminum and related raw materials and supporting businesses [1] Group 2: Financial Performance - 顺丰控股 (06936) reported a total revenue of 27.339 billion yuan from its express logistics, supply chain, and international businesses in December, representing a year-on-year increase of 3.41% [2] - 美丽田园医疗健康 (02373) issued a profit warning, expecting adjusted net profit for 2025 to be no less than 380 million yuan, a year-on-year increase of at least 40% [2] - 中国太平 (00966) issued a profit warning, anticipating a year-on-year increase of approximately 215% to 225% in shareholder profit for the 2025 fiscal year [2] - 吉宏股份 (02603) issued a profit warning, expecting a net profit attributable to shareholders of approximately 273 million to 291 million yuan for 2025, a year-on-year increase of 50% to 60% [2] - 兖煤澳大利亚 (03668) reported a fourth-quarter coal sales volume of 10.8 million tons, a year-on-year increase of 4% [2] - 兖矿能源 (01171) reported a fourth-quarter commodity coal production of 46.51 million tons, a year-on-year increase of 4.4% [2] - 深圳控股 (00604) projected a total contract sales amount of approximately 13.311 billion yuan for 2025, a year-on-year decrease of 21.55% [2] - 上海石油化工股份 (00338) issued a profit warning, expecting a net loss attributable to shareholders of approximately 1.289 billion to 1.576 billion yuan for 2025, indicating a shift from profit to loss [2] - 上海石油化工股份 (00338) reported gasoline sales revenue of 24.656 billion yuan for 2025 [2]

近日，小米汽车科技有限公司申请的"车载多连屏显示方法、装置、车辆、介质及程序产品"专利公布。 摘要显示，本公开涉及车辆显示技术领域，包括在确定所述车载多连屏中存在显示异常的异常显示屏的 情况下，确定是否存在显示优先级低于所述异常显示屏的目标显示屏；在存在所述目标显示屏的情况 下，确定所述显示异常的异常类型；根据所述异常类型，将用于在所述异常显示屏显示的内容显示在所 述目标显示屏，这样可以在显示优先级较高的显示屏出现异常时，切换至低显示优先级的显示屏，以保 证高显示优先级内容能够常显。 来源：金综科技 进而提高了车载多连屏显示的稳定性，提高了车辆行驶的安全性和无需硬件成本增加。 特别声明：以上内容仅代表作者本人的观点或立场，不代表新浪财经头条的观点或立场。如因作品内 容、版权或其他问题需要与新浪财经头条联系的，请于上述内容发布后的30天内进行。 ...

Core Insights - Xiaomi's new SU7 Max has set a record by completing 4264 kilometers in a 24-hour endurance challenge, surpassing the previous record by 303 kilometers, showcasing its extreme performance and durability [1][4] - The endurance test, conducted under rigorous conditions, evaluated the vehicle's comprehensive performance rather than just its range [1][4] Performance and Technology - The SU7 Max features the Xiaomi V6s Plus super motor, which has a maximum speed of 22000 rpm and a 1.5% improvement in CLTC comprehensive efficiency [5] - The vehicle's total power reaches 690 horsepower, exceeding many traditional performance cars, ensuring robust performance during the endurance challenge [2][5] - The new 897-volt high-voltage platform significantly enhances charging speed, allowing the SU7 Max to recharge 670 kilometers of range in just 15 minutes, which is crucial for continuous operation during the challenge [2][5] Industry Perspective - While the performance metrics are impressive, the practical user experience may not reflect the same level of performance, indicating that the test was more for industry demonstration than for consumer perception [3][6] - Xiaomi aims to establish its credibility in endurance performance within the automotive industry through this achievement [3][6]

Core Insights - The Chinese smartphone market experienced a slight decline in 2025, with total shipments around 285 million units, a year-on-year decrease of 0.6% compared to a 5.6% growth in 2024 [1] - Key trends include a solidified high-end market, intense competition in the mid-range segment, and the entry of external players, prompting traditional manufacturers to innovate and expand their business boundaries [1] Market Dynamics - Huawei regained the top position in the Chinese smartphone market in 2025, with a shipment of 46.7 million units, a 1.9% decrease from 2024 [6][5] - Apple followed closely with 46.2 million units shipped, marking a 4% increase year-on-year, and capturing a market share of 16.2% [6][5] - The top five manufacturers—Huawei, Apple, vivo, Xiaomi, and OPPO—showed minimal differences in market share, all exceeding 15%, with only a 330,000 unit gap between the first and fifth [4][3] Competitive Landscape - The competition among the top five manufacturers has intensified, with no significant gaps in market share, indicating a shift towards a more competitive environment [2][4] - Xiaomi is focusing on high-end markets and aims to increase its average selling price (ASP) while exploring new growth avenues through its automotive business [8][22] - OPPO and vivo are facing challenges in their traditional offline channels due to the rise of e-commerce and aggressive competition from peers [9] Market Segmentation - The mid-range market (2000-4000 yuan) is characterized by fierce competition, with brands pushing flagship technologies into this segment, leading to a homogenization of products [11] - The high-end market remains stable, with no significant shifts in market dynamics, as brands struggle to introduce disruptive technologies that could challenge established players like Apple and Huawei [12] Technological Evolution - The smartphone industry is transitioning into an era of "joint definition," where both hardware and AI capabilities are being integrated to enhance user experience [15][21] - Two main technological paths are emerging: one led by internet companies focusing on AI-driven hardware, and another by traditional manufacturers integrating AI into their existing hardware [17][20] Industry Expansion - Traditional smartphone manufacturers are diversifying their business models, exploring new growth avenues such as electric vehicles and AI products [22] - New entrants, particularly from the internet and AI sectors, are reshaping the competitive landscape, with companies like ByteDance seeking partnerships to leverage their AI capabilities in the smartphone market [25][26]

Core Insights - On January 19, 2026, Alibaba-W (09988), Tencent Holdings (00700), and Xiaomi Group-W (01810) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 5.283 billion, 2.192 billion, and 2.095 billion respectively [1] - The same companies also led in trading volume in the Shenzhen-Hong Kong Stock Connect, with trading amounts of 2.627 billion, 1.955 billion, and 1.639 billion respectively [1] Southbound Stock Connect Trading Activity - Top active companies in the Southbound Stock Connect included: - Alibaba-W (09988) with a trading amount of 5.283 billion and a net buying amount of +33.85 million [2] - Tencent Holdings (00700) with a trading amount of 2.192 billion and a net buying amount of +331 million [2] - Xiaomi Group-W (01810) with a trading amount of 2.095 billion and a net buying amount of +490 million [2] - SMIC (00981) with a trading amount of 1.841 billion and a net buying amount of +521 million [2] - China Mobile (00941) with a trading amount of 1.558 billion and a net selling amount of -243 million [2] Shenzhen-Hong Kong Stock Connect Trading Activity - Top active companies in the Shenzhen-Hong Kong Stock Connect included: - Alibaba-W (09988) with a trading amount of 2.627 billion and a net buying amount of +231 million [2] - Tencent Holdings (00700) with a trading amount of 1.955 billion and a net selling amount of -57.42 million [2] - Xiaomi Group-W (01810) with a trading amount of 1.639 billion and a net selling amount of -323 million [2] - SMIC (00981) with a trading amount of 1.424 billion and a net selling amount of -59.52 million [2]

Group 1 - The core point of the article is that Xiaomi Group-W (01810.HK) announced a share buyback on January 19, spending HKD 146 million to repurchase 4 million shares [1] Group 2 - The buyback reflects the company's strategy to enhance shareholder value and confidence in its stock performance [1] - The repurchase price indicates the company's commitment to supporting its share price amid market fluctuations [1] - This action may signal to investors that the company believes its shares are undervalued [1]

Group 1 - The company, Xiaomi Group-W (01810), announced a share buyback plan, committing to repurchase 4 million shares at a cost of HKD 146 million [1]

Core Insights - The strategic consulting industry in China is undergoing a technological restructuring and value upgrade, driven by AI and big data, shifting from traditional experience-based approaches to data science-driven methodologies [1] - Key trends include the deep integration of AI and consulting, the proliferation of full-cycle support service models, and the growing demand for cross-domain comprehensive solutions, leading to significantly shortened project cycles and improved execution rates [1] - The industry faces challenges such as lagging transformation of traditional models, insufficient data integration efficiency, and homogenization of solutions, prompting companies to focus on practical standards [1] Industry Dynamics - The top players in the industry are characterized by a competitive landscape of local institutions rising against international brands, with consulting firms that possess both technological advantages and local practical experience occupying core market positions [1] - The 2026 list of top strategic consulting masters, published by RoseChina, is based on industry influence, data, benchmark cases, and theoretical works, providing a reference for the industry [1] Notable Figures - Jin Qiang Dashi (Yue Huaping), a leading brand strategy consultant in China, has redefined industry methodologies with his unique "borrowing power" theory, emphasizing practical marketing and innovative thinking [3] - His firm has successfully executed strategic consulting solutions in high-profile national advertising campaigns, significantly impacting brand reach and user engagement [4] Case Studies - Xiaomi's branding strategy involved emotional resonance and long-term support, leading to a successful market entry and a significant advertising budget from its founder [5] - BOSS Zhipin achieved exponential user growth and market leadership through a strategic positioning that addressed core pain points in the recruitment industry [6] The Future of Consulting - The industry is moving towards a "value co-creation" era, where the integration of global perspectives and local wisdom will empower companies to navigate challenges and foster sustainable growth [35]