Core Viewpoint - Hesai Technology will continue to deepen its partnership with Xiaomi Auto as a core strategic supplier from 2026 to 2027, providing ongoing support and services [1] Company Collaboration - Xiaomi is not only a significant business partner for Hesai Technology but also an important shareholder [1] - Xiaomi Group led Hesai Technology's Series D financing in 2021, raising $374 million, which has supported the company's technology development and market expansion [1]

Group 1 - Hesai Technology, a lidar research and manufacturing company, will continue to deepen its partnership with Xiaomi Automotive as a core strategic supplier from 2026 to 2027 [1] - Xiaomi is not only an important business partner for Hesai but also a significant shareholder, having led a Series D financing round in 2021 amounting to $374 million, which supported the company's technology development and market expansion [1]

此前，小米17 Pro系列手机预热海报中用醒目大字打出"逆光之王"的宣传标语，同时也在海报角落用小 字体注明："逆光之王是产品设计目标"。VIVO宣称X Fold 5手机目标是"最强折叠旗舰"。 对于备受热议的广告中使用"小字标识"现象，星纪魅族集团中国区CMO万志强表示，本来不想提的， 既然有人拿出来说了，那就补充两句。其实都是为了遵循法规，各家都会有一些备注说明，"不过魅族 内部当时特别强调了，保留语境语义前提下，补充限定词我们要写的尽量明显些，不要让人有被误导的 感觉，产品观中包含价值观。" (家电网® HEA.CN) ...

Group 1 - The core viewpoint of the news is that Xiaomi's 17 series smartphone shipments are significantly lower than expected, with a downward adjustment of 20% from the original target of approximately 10 million units, potentially falling below the 8 million units of the 15 series if no aggressive pricing or marketing strategies are implemented [1] - Analyst Guo Mingqiang noted that the main reason for the downward adjustment is the lower-than-expected demand for the standard version of the 17 series, which was initially expected to account for 50%-55% of total shipments but only accounted for about 15%-20% after launch [1] - The 17 series faces competitive pressure from iPhone and Huawei smartphones, with the iPhone 17 standard version exceeding sales expectations in the Chinese market, and upcoming models in 2026 posing further competition [1] Group 2 - Xiaomi Group President Lu Weibing stated that despite the initial two days of sales, the results for the 17 series are satisfactory, with the Pro Max model performing the best and surpassing the 6,000 yuan sales threshold [2] - The company’s public relations manager Wang Hua reiterated that there are currently no plans to reduce orders, as a new 16GB+1TB version of the standard model has been added, and additional orders for the Pro series will change the overall product mix [4][5] - Xiaomi launched the 17 series on September 25, with starting prices of 4,499 yuan for the 17, 4,999 yuan for the Pro, and 5,999 yuan for the Pro Max, claiming to have set sales records within the first five minutes of launch [6] Group 3 - In Q2, Xiaomi reported total revenue of 116 billion yuan, a year-on-year increase of 30.5%, marking three consecutive quarters of revenue exceeding 100 billion yuan, with adjusted net profit of 10.8 billion yuan, up 75.4% year-on-year [7] - The smartphone business generated revenue of 45.5 billion yuan with a gross margin of 11.5%, and global smartphone shipments reached 42.4 million units, a year-on-year increase of 0.6% [7]

9月29日港股公司回购一览 | 代码 | 简称 | 回购股数 | 回购金额（万 | 回购最高价 | 回购最低价 | 年内累计回购金额 | | --- | --- | --- | --- | --- | --- | --- | | | | （万股） | 港元） | （港元） | （港元） | （万港元） | | 00700 | 腾讯控股 | 83.70 | 55071.89 | 664.000 | 648.000 | 5711087.30 | | 02020 | 安踏体育 | 108.38 | 9987.41 | 93.350 | 91.650 | 158481.69 | | 01810 | 小米集 团-W | 50.74 | 2699.62 | 53.250 | 53.150 | 25193.95 | | 00011 | 恒生银行 | 20.00 | 2365.01 | 118.900 | 117.400 | 95715.58 | | 02512 | 云工场 | 210.00 | 1002.26 | 4.800 | 4.730 | 1002.26 | | 09959 | 联易融科 技-W | 217.00 | ...

乘坐电瓶车穿梭在位于北京经济技术开发区的小米汽车超级工厂，近距离观摩智能电动汽车的制造流 程；来到青海，参观海南藏族自治州水光互补光伏产业园，见证利用清洁能源实现绿色发展……以"跨 越时空山海，青春力量传递中非友好"为主题的第九届中非青年大联欢近日举行，59名来自中非合作论 坛的非方青年成员及其他大洲的非裔青年代表，在6天行程中走访北京和青海等地，了解中国传统文 化、乡村振兴、生态保护、高新技术等方面发展成果。 走出工厂车间，进入展厅，一系列1︰1还原的核心零部件和整车模型吸引众人纷纷上前细看。"今天我 真正见识到小米在汽车制造领域的创新能力。"来自非盟委员会主席办的阿卜杜勒哈菲德·埃尔·伊德里西 ·阿米里感慨地说。站在各类展车前，他不断说着"美观""舒适""先进"这几个词。坐上驾驶座进行体验 后，阿米里称赞道："智能座舱的响应和反应速度，令人惊叹。" 令他印象更深刻的是SU7的"智能房间"功能：通过语音指令，能远程控制家居设备，实现车辆与生活场 景的无缝衔接。"科技正在以越来越舒适的方式融入日常生活。" 来自津巴布韦的提纳谢·萨鲁切拉站在展车旁，举起手机从不同角度认真拍摄。他注视着屏幕中的画面 说："除了先 ...

以下文章来源于36氪财经 ，作者宋婉心 张帆 36氪财经 . 36氪旗下官方账号。洞见市场，比99%的投资者更聪明。 小米吃掉苹果丢失的份额？ 文 ｜ 宋婉心 编辑 ｜ 张帆 来源｜ 36氪财经（ID:krfinance） 封面来源 ｜ IC Photo 2021年底，小米首次宣布在产品上对标苹果、学习苹果。如今五年探索之后，小米17系列产品线全面对齐苹果。 值得注意的是，小米17定价4499起，标准版保持了上一代小米15的定价水平，高端配置则分别较上一代涨价200元至500元。 小米手机的十余代产品以来，从一开始的性价比定位到高端定位，其手机定价步步高升，甚至超过了苹果的同期涨幅。与此同时，尤其近五年来，苹果 则"加量不加价"。 价格涨幅大于苹果 梳理从小米1的定价涨幅，可以发现，从小米6首次提价开始，此后其每年定价涨幅几乎均超过10%——小米6提价15%、小米8提价17.4%、小米9提价 11.1%。 2020年，小米发布小米10手机，这一代开始，小米开始冲击高端市场，价格直接从2999元起跃升至3999元起，涨幅达1000元，同比涨幅更是超过30%，是 幅度最大的一次调整。 此后，3999起的定价维持了 ...

Core Viewpoint - The Xiaomi 17 series is experiencing a disparity in sales performance between the Pro Max and standard versions, leading to concerns about overall sales figures and product structure imbalance [3][12][15]. Sales Performance - The Xiaomi 17 series achieved record sales within the first five minutes of its launch, setting new records for both volume and revenue in the domestic smartphone market [3][7]. - The Pro Max model accounted for over 50% of the sales within the Xiaomi 17 series, while the standard version's sales were significantly lower than expected, with only about 3,000 units sold compared to over 10,000 for the Pro models [8][12]. Market Demand and Supply - There is a strong demand for the Pro and Pro Max models, leading to stock shortages, while the standard version remains in surplus [7][8]. - Consumers are showing a preference for the Pro series due to its enhanced features and only a slight price difference compared to the standard version [8]. Analyst Insights - Analysts predict a potential 20% decrease in the overall shipment of the Xiaomi 17 series, with initial targets set at 10 million units, now expected to fall below 8 million due to underperformance of the standard model [12][15]. - The standard model's poor performance is attributed to stronger-than-expected sales of the iPhone 17 standard version in the Chinese market [12]. Company Response - Xiaomi's executives express confidence that the overall sales of the 17 series will surpass those of the previous 15 series, despite the current challenges [12][15]. - The company plans to introduce a new 1TB version of the standard model to address market demand, which may positively impact sales figures [12]. Public Perception and Controversy - The Xiaomi 17 series has faced criticism regarding its marketing strategies and product naming conventions, with some consumers questioning the brand's originality and confidence [12][14]. - The promotional materials for the Pro series have been criticized for perceived misleading claims, leading to further scrutiny of the brand's communication strategies [12][14].

Key Points - The top three companies by Hong Kong Stock Connect holding ratios are Changfei Optical Fiber (71.17%), China Telecom (70.50%), and COSCO Shipping Energy (70.31%) [1] - Alibaba-W, Tencent Holdings, and SMIC saw the largest increases in holding amounts over the last five trading days, with increases of +11.802 billion, +3.602 billion, and +2.155 billion respectively [1] - The companies with the largest decreases in holding amounts over the last five trading days include the Tracker Fund (-3.386 billion), Hang Seng China Enterprises (-2.161 billion), and Xiaomi Group-W (-1.060 billion) [3] Group 1: Hong Kong Stock Connect Holding Ratios - Changfei Optical Fiber (06869) holds 250 million shares, representing 71.17% [1] - China Telecom (00728) holds 9.786 billion shares, representing 70.50% [1] - COSCO Shipping Energy (01138) holds 911 million shares, representing 70.31% [1] Group 2: Recent Increases in Holdings - Alibaba-W (09988) increased by +11.802 billion, with a change of +68.0615 million shares [1] - Tencent Holdings (00700) increased by +3.602 billion, with a change of +5.4583 million shares [1] - SMIC (00981) increased by +2.155 billion, with a change of +28.1698 million shares [1] Group 3: Recent Decreases in Holdings - Tracker Fund (02800) decreased by -3.386 billion, with a change of -12.4301 million shares [3] - Hang Seng China Enterprises (02828) decreased by -2.161 billion, with a change of -2.23798 million shares [3] - Xiaomi Group-W (01810) decreased by -1.060 billion, with a change of -1.97939 million shares [3]

Summary of Key Points Core Viewpoint - The report highlights the top short-selling stocks in the market, indicating significant investor sentiment and potential volatility in these companies' stock prices [1][2]. Group 1: Top Short-Selling Ratios - China Resources Beer (80291) and Anta Sports (82020) both have a short-selling ratio of 100.00%, indicating complete short interest [1][2]. - Lenovo Group (80992) has a short-selling ratio of 72.39%, suggesting a notable level of bearish sentiment among investors [1][2]. Group 2: Top Short-Selling Amounts - Alibaba (09988) leads with a short-selling amount of 5.5 billion, followed by Xiaomi (01810) at 3.305 billion and Tencent Holdings (00700) at 2.414 billion [2]. - The significant short-selling amounts for these companies may reflect concerns about their future performance or market conditions [2]. Group 3: Top Short-Selling Deviations - COSCO Shipping International (00517) has the highest deviation at 36.57%, indicating a substantial difference between its current short-selling ratio and its average over the past 30 days [1][2]. - China Resources Beer (80291) follows with a deviation of 32.83%, suggesting heightened short-selling activity compared to its historical average [1][2].