盈富基金（02800）、恒生中国企业（02828）、南方恒生科技（03033）南向资金净流出金额位列市场 前三，分别净流出-51.38 亿、-11.06 亿、-4.24 亿 11月21日,腾讯控股（00700）、小米集团-W（01810）、阿里巴巴-W（09988）南向资金净流入金额位 列市场前三，分别净流入17.35 亿、12.70 亿、11.56 亿 在净流入比方面，深圳高速公路股份（00548）、中国光大银行（06818）、新奥能源（02688）以 58.43%、57.75%、56.76%位列市场前三。 在净流出比方面，标智香港100（02825）、中国东方教育（00667）、中烟香港（06055） 以-100.00%、-67.02%、-59.95%位列市场前三。 前10大净流入比榜 | 股票名称 | 净流入比↓ | 净流入(元) | 收盘价 | | --- | --- | --- | --- | | 深圳高速公路股份(00548) | 58.43% | 443.52 万 | 7.430（-1.59%） | | 中国光大银行(06818) | 57.75% | 8325.48 万 | 3.560（-3. ...

凤凰网科技讯 11月25日，小米公益基金会宣布向中国工程界最高奖项"光华工程科技奖"捐赠5500万 元。签约仪式由中国工程院党组书记、院长李晓红与小米集团创始人、董事长兼CEO雷军共同见证。 自2019年成立以来，小米公益基金会在科技创新及人才培养领域已规划捐赠17.8亿元，形成了科技、教 育、人才三位一体的"小米公益模式"。 截至目前，小米公益基金会已设立"国家自然科学基金青年学生基础研究项目（本科生）"、"北京市自 然科学基金-小米创新联合基金"、"小米青年学者"和"小米奖助学金"等项目，已支持285名优秀青年学 生的基础研究项目、141个"市基金-小米联合基金"科研团队、807名小米青年学者以及1.2万名小米奖助 学金获得者。 ...

大型蓝筹股涨跌不一，汇丰控股收报108.109港元，较香港收市涨1.23%；腾讯控股收报622.043港元，较香港收市跌0.47%。 | .HSIADR 恒生指数ADR | | | --- | --- | | 25939.89 ↑ +45.34 +0.18% | 收盘价 11/25 16:00 美东 | | 三月日日 | | | 最高价 26014.67 开盘价 26014.67 成交量 6141.2万 | | | 最低价 25878.31 昨收价 25894.55 | 平均价 25946.49 | | 52周最高 27275.90上 涨 -- | 中国 | | 52周最低 18856.77下 跌 -- | 振 幅 0.53% | | 800000 恒牛指数 25894.55 +178.05 +0.69% | | 智通财经APP获悉，周二，美股三大指数集体收涨。恒生指数ADR上涨，按比例计算，收报25939.89点，较香港收市涨45.34或0.18%。 | 序号 名称 | | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADR代码 | ADR换算价 | 较港股升跌 | 较港股升跌% | ADR | | ...

Investment Rating - The report maintains a "Buy" rating for Xiaomi Group [1] Core Views - The company achieved a record high adjusted net profit of 11.3 billion yuan in Q3 2025, with a year-on-year growth of 80.9% [8] - The automotive business delivered over 100,000 units in the quarter, marking the first operational profit in a single quarter [8] - The Xiaomi 17 series saw a significant increase in sales, with a 30% year-on-year growth compared to the previous generation [8] - The company is focusing on innovation, with R&D investment reaching 91 billion yuan in Q3 2025, and a total of 235 billion yuan for the first three quarters [8] Financial Performance - Revenue for Q3 2025 reached 113.1 billion yuan, a 22.3% year-on-year increase [8] - The company forecasts earnings per share of 1.69, 1.76, and 2.38 yuan for 2025, 2026, and 2027 respectively [9] - The projected revenue for 2025 is 473.24 billion yuan, with a year-on-year growth of 29% [7] - The gross margin is expected to improve to 22.5% in 2025 [7] Market Position - Xiaomi's smartphone revenue in Q3 2025 was 46 billion yuan, with a shipment of 43.3 million units, marking a 0.5% year-on-year increase [8] - The market share for smartphones priced between 4000-6000 yuan reached 18.9%, an increase of 5.6 percentage points year-on-year [8] - The company has expanded its automotive sales network, with 402 stores opened across 119 cities in mainland China by September 30, 2025 [8] Valuation - The target price for Xiaomi Group is set at 55.86 HKD, based on a 29x PE ratio for 2026 [6][9] - The current market capitalization of H shares is approximately 1,006.835 million HKD [1]

Core Points - Xiaomi Group-W repurchased 2.5 million shares on November 25 at a price range of HKD 40.160 to HKD 40.340, totaling HKD 101 million [2] - The stock closed at HKD 40.340 on the same day, reflecting a 4.35% increase, with a total trading volume of HKD 12.795 billion [2] - Year-to-date, Xiaomi has conducted 15 share repurchases, totaling 58.1252 million shares and an aggregate repurchase amount of HKD 2.449 billion [2] Repurchase Details - On November 25, 2025, 250,000 shares were repurchased at a maximum price of HKD 40.340 and a minimum price of HKD 40.160, amounting to HKD 10.0718 million [2] - On November 21, 2025, 800,000 shares were repurchased at a maximum price of HKD 38.040 and a minimum price of HKD 37.640, totaling HKD 30.33468 million [2] - On November 20, 2025, 1.35 million shares were repurchased at a maximum price of HKD 38.100 and a minimum price of HKD 37.380, with a total amount of HKD 50.77622 million [2] - Other notable repurchases include 1.07 million shares on October 17 at a maximum price of HKD 46.760 and a minimum price of HKD 45.900, totaling HKD 49.36009 million [2] - The repurchase activity reflects a strategic move by the company to enhance shareholder value through share buybacks [2]

11月25日港股通成交活跃股 | 代码 | 简称 | 类型 | 成交金额（万港元） | 成交净买入（万港元） | 日涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 09988 | 阿里巴巴-W | 港股通(沪) | 1005982.72 | 350409.44 | 2.14 | | 09988 | 阿里巴巴-W | 港股通(深) | 640151.00 | 211183.37 | 2.14 | | 01810 | 小米集团-W | 港股通(沪) | 506056.06 | -20340.43 | 4.35 | | 00981 | 中芯国际 | 港股通(沪) | 282316.23 | 24589.52 | -0.15 | | 01810 | 小米集团-W | 港股通(深) | 252327.00 | 43480.79 | 4.35 | | 00700 | 腾讯控股 | 港股通(沪) | 207284.09 | -16891.78 | 0.08 | | 00981 | 中芯国际 | 港股通(深) | 206974.00 | -42209.63 | -0.15 | ...

据悉，自2019年成立以来，小米公益基金会在科技创新及人才培养领域已规划捐赠17.8亿元，形成了科 技、教育、人才三位一体的"小米公益模式"。截至目前，小米公益基金会已支持285名优秀青年学生的 基础研究项目、141个"市基金-小米联合基金"科研团队、807名小米青年学者以及1.2万名小米奖助学金 获得者。据了解，小米公益基金会资金主要来自于小米创始团队和员工的捐赠，其中绝大部分来自雷军 个人出资。 责任编辑：何俊熹 新浪科技讯 11月25日晚间消息，小米公益基金会向中国工程界最高奖项——光华工程科技奖捐赠5500 万元，中国工程院党组书记、院长李晓红和小米集团创始人、董事长兼CEO雷军，共同见证了签约仪 式。 光华工程科技奖是中国工程院设立的工程科技类奖项，用以表彰在工程科学技术及工程管理领域做出重 要贡献、取得杰出成就的华人工程科技专家，也是中国社会力量设立的中国工程界的最高奖项，成立三 十年来，推动了一批重大技术突破。 雷军在签约仪式上表示，光华工程科技奖三十年来推动了一批重大技术突破，向光华工程科技奖捐赠， 是希望以小米的实际行动，向中国科技的灯塔致敬。一直以来，小米都积极参与国家创新驱动发展战略 的 ...

Group 1 - Xiaomi's stock price increased by 4.35% to HKD 40.34 as of November 25 [1] - Founder and CEO Lei Jun invested over HKD 100 million to purchase 2.6 million shares, raising his ownership stake to 23.26% [1] Group 2 - Xiaomi reported a total revenue of RMB 113.1 billion for Q3 2025, a year-on-year increase of 22.3% but a quarter-on-quarter decline of 2.4% [3] - Adjusted net profit for the third quarter was RMB 11.3 billion, reflecting an 80.9% year-on-year increase and a 4.4% quarter-on-quarter growth [3] - The smart electric vehicle and AI innovation segment achieved an operating profit of RMB 700 million, marking its first profitable quarter [3] - Xiaomi has invested over RMB 7 billion in AI this year and established a team of over 1,800 for smart driving, with R&D centers in Beijing, Shanghai, and Wuhan [3]

Group 1: Company Performance - Best Buy reported Q3 revenue of $9.67 billion, a year-over-year increase of 2.7%, with adjusted diluted EPS of $1.40 compared to $1.26 in the same period last year [1] - RoboSense achieved total revenue of approximately 407 million yuan in Q3, with LiDAR sales volume increasing by 34.0% year-over-year [2] - Alibaba's instant retail business generated revenue of 22.906 billion yuan in Q2 of FY2026, marking a 60% year-over-year growth [3][5] - Xiaomi repurchased 2.5 million shares for over 100 million HKD, with a total of 24 million shares repurchased this month [4] - NIO reported Q3 revenue of 21.79 billion yuan, a 16.7% year-over-year increase, with vehicle deliveries reaching 87,071 units, up 40.8% [8] - Zhihu's Q3 revenue was 659 million yuan, with a non-GAAP operating loss narrowing by 16.3% year-over-year [11] Group 2: Market Developments - Nokia announced its intention to delist from the Paris Stock Exchange, effective December 31, 2025 [2] - The Singapore National AI Program has shifted from using Meta's model to Alibaba's Qwen open-source architecture [13] - The U.S. investment consulting firm predicts that TSMC's market value could surpass Apple's by 2030, driven by AI demand [16] Group 3: New Products and Innovations - Huawei officially launched its first Harmony OS 2-in-1 tablet, the MatePad Edge, starting at 5,999 yuan [15] - Tuya Smart reported Q3 revenue of $82.5 million, marking the ninth consecutive quarter of year-over-year growth [6]

文 |新识研究所 最近，智通财经有消息称，美的集团要求其全国售后服务商"停止为小米和格力提供维修服务"，有美的 员工表示，此次政策主要针对的是家电售后体系尚不成熟的小米，今年小米空调发展迅猛，给美的带来 了不少压力。 报道中还称小米经销商们表示，空调售后主要是安装，小米目前有送装一体和先送后装两种选择，让售 后服务商"二选一"会减少小米对线下服务商的绑定，仍有第三方合作商可以选择，只要不乱收费不会对 空调服务有太大影响。 消息传出后，美的官方火速辟谣，称"并无强制排他性合作行为"。但市场上的各种风言风语，还是侧面 反映了小米空调的发展迅猛，给美的带来了不少压力。 耐人寻味的是，一直以来大张旗鼓与小米和雷军隔空打"嘴仗"的明明是格力和董明珠，怎么这时候反倒 是美的被曝出向小米开战了？ 这场看似"空穴来风"的传言背后的现实状况是，当前国内空调市场正经历一场激烈的"三国杀"博弈，以 及整个家电行业渠道变革下的生态对抗。 而到底是美的这家传统家电巨头面对互联网新贵小米，能证明姜还是老的辣，抑或是小米能够从最近此 起彼伏的负面舆情中通过家电行业的一场脆胜来实现终极自救？ "鲶鱼"小米，搞疯美的？ 要解开一切谜团，还要从 ...