Core Viewpoint - The article discusses the recall of over 1.35 million potentially unsafe power bank products by Shenzhen Romoss Technology Co., Anker Innovations Technology Co., and Xiaomi Communications Technology Co. due to safety concerns following multiple incidents of self-ignition [1][3]. Group 1: Recall Actions - Shenzhen Romoss Technology, Anker Innovations, and Xiaomi have decided to recall a total of 1.35 million power bank products due to safety hazards [1]. - Romoss has recalled 167,000 units (34.1% of total recalls) with a refund amount of 22.837 million yuan [4]. - Anker has recalled 565,000 units (78.7% of total recalls) with a refund amount of 85.664 million yuan [4]. - Xiaomi has recalled 17,000 units (12% of total recalls) with a refund amount of 2.7 million yuan [4]. Group 2: Regulatory Actions - The State Administration for Market Regulation has formed a recall supervision team to oversee the recall process and ensure compliance among manufacturers [1][3]. - Nearly 9,000 CCC certification certificates for power banks and lithium battery products have been suspended, with over 600 certificates revoked [3]. - E-commerce platforms have intercepted approximately 80,000 links related to the recalled products to prevent further sales [3]. Group 3: Consumer Protection Measures - The market regulator has coordinated with relevant departments to assist Romoss in addressing consumer refund requests, successfully clearing the backlog of refund registrations [3]. - The regulator will conduct a comprehensive investigation into defect reports through consumer complaints and ensure that companies comply with recall regulations [3].

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing down 0.13% at 26,484.68 points and a total trading volume of 314.89 billion HKD [1] - The Hang Seng Technology Index rose by 0.89%, closing at 6,379.19 points, while the Hang Seng China Enterprises Index saw a slight increase of 0.01% [1] Blue-Chip Stocks Performance - Xiaomi Group-W (01810) saw a significant increase of 4.48%, closing at 59.45 HKD, contributing 72.84 points to the Hang Seng Index [2] - Other notable blue-chip stocks included Zijin Mining (02899) up 5.13%, JD Group-SW (09618) up 3.46%, while Haier Smart Home (06690) and Hang Seng Bank (00011) experienced declines of 4.79% and 3.13% respectively [2] Sector Highlights - The technology sector showed strong performance, with major tech stocks like Xiaomi and JD Group rising significantly [3] - Copper stocks surged due to production disruptions, with Luoyang Molybdenum (03993) up 11.73% and China Nonferrous Mining (01258) up 10.99% [4] - The robotics sector gained traction, with companies like Geekplus (02590) and Ubtech (09880) seeing increases [5] Copper Market Dynamics - A landslide at Freeport McMoRan's Grasberg mine in Indonesia has halted production, affecting approximately 3% of global copper supply [4] - Analysts predict a 35% reduction in copper output by 2026, which is expected to support copper prices [4] Robotics Sector Developments - The Chinese government is promoting humanoid robots and related technologies, with significant investments expected in the coming years [5] - Companies like Ubtech and others are experiencing increased orders and production, indicating a rising industry trend [5] Chip Sector Activity - Semiconductor stocks are active, with Huahong Semiconductor (01347) rising 4.74% and SMIC (00981) seeing a slight increase [5][6] - The demand for AI chips is projected to grow, benefiting domestic foundries like SMIC [6] Notable Stock Movements - China Everbright Holdings (00165) surged 25.89% due to its focus on technology investments [7] - Yimai Sunshine (02522) rose 14.08% following the launch of an AI medical imaging product in collaboration with Alibaba Cloud [8] - Contemporary Amperex Technology Co., Ltd. (300750) reached a new high, up 5.14%, driven by increased demand for energy storage batteries [9] - Chery Automobile (09973) debuted on the Hong Kong Stock Exchange, closing up 3.8% [10] - JD Group-SW (09618) announced plans for significant investments in AI over the next three years [11]

Group 1 - The Hong Kong stock market saw mixed performance with the Hang Seng Technology Index slightly down by 0.13%, while the National Enterprises Index rose marginally by 0.01% [2] - The Hang Seng Technology Index experienced a peak increase of 2% during the trading session before closing with a minor decline [2] Group 2 - Major technology stocks generally maintained an upward trend, with Xiaomi rising by 4.48%, JD.com by 3.46%, and Baidu by 2.33% [4] - Automotive stocks collectively increased, with Chery Automobile seeing a significant rise of nearly 14% on its first trading day, while other companies like Li Auto, NIO, and BYD also posted gains [4] - Copper prices surged due to supply tightness following an accident at the world's second-largest copper mine, leading to strong performances in the copper sector, with China Daye Non-Ferrous Metals soaring by 25% [4]

Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index initially rising nearly 2% before closing down 0.13% at 26,484.68 points, with a total turnover of HKD 314.89 billion [1] - The Hang Seng Tech Index rose by 0.89% to 6,379.19 points, while the Hang Seng China Enterprises Index saw a marginal increase of 0.01% to 9,444.22 points [1] Blue-Chip Performance - Xiaomi Group-W (01810) showed strong performance, rising 4.48% to HKD 59.45, contributing 72.84 points to the Hang Seng Index [2] - Other notable blue-chip stocks included Zijin Mining (02899) up 5.13%, JD Group-SW (09618) up 3.46%, while Haier Smart Home (06690) and Hang Seng Bank (00011) saw declines of 4.79% and 3.13% respectively [2] Sector Highlights - Large tech stocks mostly rose, with Xiaomi up over 4%, JD up over 3%, and Baidu up over 2% [3] - Copper stocks surged due to production disruptions, with Luoyang Molybdenum (03993) up 11%, and other copper-related stocks also seeing significant gains [3][4] - The robotics sector gained traction, with several companies experiencing notable increases in stock prices [4][5] Copper Market Dynamics - A landslide at Freeport McMoRan's Grasberg mine in Indonesia has halted production, expected to impact global copper supply significantly, with a projected 35% decrease in copper-gold output by 2026 [4] - This disruption is anticipated to support copper prices, as Grasberg accounts for approximately 3% of global copper supply [4] Robotics Sector Developments - The Chinese government is focusing on humanoid robots and related technologies, with significant investments expected in the coming years [5] - Companies like UBTECH and others are rapidly advancing in humanoid robot production, with substantial orders being reported [5] Chip Sector Activity - Semiconductor stocks remained active, with Huahong Semiconductor (01347) rising 4.74% and other chip companies also showing positive movement [5][6] Notable Stock Movements - China Everbright Holdings (00165) surged 25.89% to HKD 12.79, driven by investments in high-tech sectors [7] - Yimai Sunshine (02522) rose 14.08% following the launch of an AI medical imaging product in collaboration with Alibaba Cloud [8] - CATL (03750) reached a new high, up 5.14% to HKD 532, with Morgan Stanley upgrading its rating due to strong demand for energy storage batteries [9] - Chery Automobile (09973) debuted on the Hong Kong Stock Exchange, rising 3.8% to HKD 31.92, marking a significant IPO [10] - JD Group-SW (09618) increased by 3.46%, with plans for substantial investments in AI over the next three years [11]

【市场监管总局：#3企业将召回隐患充电宝135万余件#】9月25日，市场监管总局召开今年以来工业产 品质量安全监管重点工作情况专题新闻发布会。针对备受关注的充电宝产品召回监管问题，市场监管总 局质量发展局副局长雷光程介绍，市场监管总局督促三家企业对存在安全隐患的充电宝产品实施召回， 涉及数量共计135万余件。据介绍，市场监管总局高度重视充电宝产品安全问题。针对多起自燃事故， 总局成立充电宝召回督导组赴广东、江苏等地进行督导，组织广东、湖南、北京等11个省（市）市场监 管部门，开展线索排查、缺陷调查和召回工作。在市场监管部门调查影响下，深圳罗马仕科技有限公 司、安克创新科技股份有限公司，以及小米通讯技术有限公司对存在安全隐患的充电宝产品实施召回， 涉及数量共计135万余件。截至目前，罗马仕公司累计召回充电宝16.7万件（占召回总量的34.1%），退 款金额2283.7万元。安克创新公司累计召回56.5万件（占召回总量的78.7%），完成消费者退款8566.4万 元。8月29日宣布召回的小米公司累计召回1.7万件（占召回总量的12%），完成消费者退款270万元。 鉴于涉事充电宝产品销售渠道主要为电商平台，市场监管 ...

XIAOMI CORPORATION 小米集团 (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立以不同投票權控制的有限公司） Stock Codes: 1810 (HKD counter) and 81810 (RMB counter) 股份代號：1810（港幣櫃台）及 81810（人民幣櫃台） N O TI F I C AT I O N L E T T E R 通 知 信 函 Dear Non-registered Shareholder(s) (Note 1) , Xiaomi Corporation (the "Company") – Notice of Publication of 2025 Interim Report ("Current Corporate Communications") The English and Chinese versions of the Company's Curr ...

Core Points - Lei Jun announced that the upcoming speech and launch event will last no more than 3 hours, approximately 2.5 hours in total [2] - The first half of the event will feature the annual speech, while the second half will introduce the Xiaomi 17 series, Xiaomi Pad 8 series, and a range of high-end "Xiaomi Smart Home Appliances" [2] - Regarding the pricing of the Xiaomi 17 series, Lei Jun stated that the standard version will see significant upgrades while maintaining the same price; the Xiaomi 17 Pro and Xiaomi 17 Pro Max will have higher positioning, with pricing to be announced later [2]

股份代號：1810（港幣櫃台）及 81810（人民幣櫃台） N O TI F I C AT I O N L E T T E R 通 知 信 函 XIAOMI CORPORATION 小米集团 (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立以不同投票權控制的有限公司） Stock Codes: 1810 (HKD counter) and 81810 (RMB counter) 25 September 2025 Dear Registered Shareholder(s) (Note 1) , Xiaomi Corporation (the "Company") – Notice of Publication of 2025 Interim Report ("Current Corporate Communications") The English and Chinese versions of the ...

Revenue Growth - Revenue for the first half of 2025 reached HKD 227,249.4 million, a 38.2% increase compared to HKD 164,394.7 million in the same period of 2024[11]. - Net profit for the first half of 2025 was HKD 51,506.9 million, reflecting a 46.2% growth from HKD 35,223.9 million year-over-year[11]. - The company reported a significant increase in revenue from its smart home products, with a year-over-year growth of 177.5%[11]. - The company anticipates a total revenue of $3 billion by 2025, reflecting a significant increase in market share[21]. - The company aims to achieve a revenue range of $4,000 to $5,000 million by 2025, with a projected growth rate of 24.6%[20]. - The company reported a revenue growth of 2,272% for the AIoT segment, with a projected increase of 38.2% by 2025[17]. - The company expects a revenue growth of 50.7% in the IoT segment by 2025, with a projected revenue of 989.1 million[23]. - The company reported a total revenue of $22,765,909 for the quarter, with a year-over-year growth of 10.0%[42]. - The company reported a total revenue of $60,671,566 for the first half of 2025, compared to $15,585,656 in the first half of 2024, showing substantial growth[98]. - The company reported a total revenue of $11,179,218 million for the six months ending June 30, 2025, compared to $12,338,748 million for the same period in 2024, reflecting a decrease of approximately 9.4%[138]. Product Development and Launches - The company plans to expand its market presence through new product launches and technological advancements in AI and IoT[16]. - A new product line, including the Xiaomi 15S Pro and Xiaomi Pad 7 Ultra, is expected to enhance market presence[18]. - The company is focusing on new technology developments, including the launch of the Xiaomi Watch S4 eSIM[18]. - The company plans to launch new products, including the Xiaomi Pad 7 Ultra and Xiaomi Watch S4, with expected sales of 731.2 million and 184.8 million respectively by 2025[24]. - New product launches contributed to a revenue increase of 30% year-over-year, with specific emphasis on the latest technology advancements[68]. - New product launches are anticipated to contribute significantly to revenue growth in 2025[137]. Market Expansion Strategies - The company plans to expand its market presence through strategic acquisitions and new product launches in the upcoming years[30]. - The company is exploring potential mergers and acquisitions to bolster its market position and expand its product portfolio[16]. - The company is focusing on expanding its market presence through strategic acquisitions and partnerships, aiming to enhance its competitive edge in the AIoT space[122]. - The company is exploring new markets in Asia and Europe to further enhance its global footprint and revenue streams[52]. - The company is focusing on market expansion strategies, aiming to increase its market share in key regions by 15% over the next fiscal year[135]. Research and Development - The R&D investment in AI technologies is expected to drive further growth in the upcoming quarters[15]. - The company is focusing on enhancing its R&D capabilities to drive innovation in AI technologies and product development[20]. - The company has allocated significant resources towards research and development, with a budget of 12,112,587 million for new technology initiatives[47]. - Research and development expenses were reported at $820,911, reflecting the company's commitment to innovation[42]. - The R&D budget has been increased to support the development of new technologies, with a focus on enhancing product offerings and customer satisfaction[78]. User Engagement and Data - The total user base for the company's ecosystem reached 54 million, indicating strong user engagement and retention[11]. - User data indicates a growth of 1,874% in the AIoT sector, with an expected increase of 18.6% by 2025[17]. - User data showed a significant increase, with 128.30 million users reported in March 2023, up from 91.92 million in the previous quarter, representing a growth of 39.4%[67]. - User data showed a total of 74.16 million active users, up from 65.63 million in the previous quarter, indicating a growth of approximately 13%[106]. - User data indicates a total of 15,545.7 million active users as of June 30, 2025, up from 14,560.5 million in the previous year[82]. Financial Performance and Guidance - The company expects to achieve a net profit of 51,506.9 million in 2025, compared to 35,223.9 million in 2024, reflecting a growth of around 46%[29]. - The company reported a net loss of $4,872,245 for the quarter, which is a concern for future profitability[42]. - The company provided guidance for the next quarter, projecting revenues between $9,242,881 and $12,666,355, indicating a potential growth rate of 5.6% to 7.7%[43]. - The company expects a revenue guidance of $53.25 billion for the fiscal year 2025, representing a 6.6% increase from the previous guidance of $50 billion[81]. - The company anticipates a revenue increase to $41,580.7 million for AIoT in 2025, which is a growth of 22.2%[38]. Sustainability Initiatives - Xiaomi's investment in ESG initiatives is expected to reach 4,160 million by 2024, focusing on sustainable practices and corporate responsibility[28]. - The company is committed to sustainability initiatives, aiming for a 10% reduction in carbon footprint by 2025[78]. - The company is implementing new sustainability initiatives, aiming for a 25% reduction in carbon emissions by 2025[84]. Strategic Acquisitions - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[48]. - The company is focusing on strategic acquisitions to enhance its market position and drive growth in 2024 and beyond[74]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of $50 million allocated for this purpose[95].

Core Viewpoint - The article discusses the regulatory actions taken by the State Administration for Market Regulation in response to multiple incidents of battery pack fires, leading to the recall of over 1.35 million potentially hazardous charging products from several companies, including Romoss, Anker, and Xiaomi [1][2]. Group 1: Regulatory Actions - The State Administration for Market Regulation has formed a recall supervision team to investigate and oversee the recall process in various provinces, including Guangdong and Jiangsu [1]. - A total of 9,000 CCC certification certificates for charging products and lithium batteries have been suspended, with over 600 certificates revoked [2]. - E-commerce platforms have been instructed to remove products with revoked or suspended CCC certifications, resulting in approximately 80,000 links being intercepted [2]. Group 2: Company Responses - Romoss has recalled 167,000 charging products (34.1% of total recalls) and refunded consumers a total of 22.837 million yuan [1]. - Anker has recalled 565,000 products (78.7% of total recalls) with refunds amounting to 85.664 million yuan [1]. - Xiaomi has recalled 17,000 products (12% of total recalls) and refunded consumers 2.7 million yuan [1]. Group 3: Consumer Concerns and Company Operations - There were concerns regarding Romoss's ability to manage the recall process due to a temporary halt in operations, but the company has assured that its recall services are still active [3][4]. - Romoss has stated that its operational team is still in place and is prioritizing user rights protection during this period [4].