【#小米Air工程机曝光#：完全对标 iPhone Air】 核心配置上，小米Air工程机搭载骁龙8 Elite Gen5处理器，后置2亿像素大底双摄，具备长焦拍摄能力。 据新浪科技消息，数码博主@数码闲聊站 透露，小米Air工程机的完成度已相当高，但因内部研判认为 超薄机型没有市场，最终项目被砍掉。 这款工程机完全对标iPhone Air，采用6.59英寸中屏，支持3D超声波指纹识别，搭配金属中框，厚度仅 5.5mm，重量16xg，与iPhone Air的轻薄参数一致。它同时支持eSIM和实体SIM卡，模具底部可见实体 卡槽结构。 ...

Group 1 - The core point of the article is that Beijing Xiaomi Mobile Software Co., Ltd. has obtained a patent for a method, device, and readable storage medium related to the transmission of time-frequency resource configuration information, with the patent number CN113841458B and an application date of August 2021 [1] Group 2 - Beijing Xiaomi Mobile Software Co., Ltd. was established in 2012 and is located in Beijing, primarily engaged in software and information technology services [1] - The company has a registered capital of 148.8 million RMB [1] - According to data analysis, the company has invested in 4 enterprises, participated in 149 bidding projects, and holds 5000 patent records, along with 123 administrative licenses [1]

Core Viewpoint - The competition in the domestic automotive market is intensifying as major car manufacturers and alliances announce ambitious sales targets for 2026, totaling 18.339 million units, which exceeds the actual sales of 3.86 million units in 2025 [1] Group 1: New Energy Vehicle Manufacturers - New energy vehicle manufacturers such as Hongmeng Zhixing, Leap Motor, and NIO have set aggressive sales targets for 2026, with expected growth rates ranging from 40% to 121% [2][4] - Hongmeng Zhixing aims for sales between 1 to 1.3 million units, with a projected growth rate of 70%-121% [4] - Leap Motor targets 1 million units with a growth rate of 68%, while NIO's target is between 456,000 to 489,000 units, reflecting a growth of 40%-50% [2][12] - Xiaomi Auto plans to increase its sales target from 350,000 units in 2025 to 550,000 units in 2026, representing a growth of approximately 38% [8] Group 2: Traditional Automakers - Traditional automakers like Geely, Changan, and Chery have set more conservative targets, with Geely aiming for 3.45 million units, Changan for 3.3 million units, and Chery for 3.2 million units, reflecting growth rates of 14%, 13%, and 14% respectively [3][13] - Great Wall Motors plans to sell 1.8 million units in 2026, with a leading growth rate of 36% among traditional manufacturers [2][13] - Geely's target includes a significant focus on electric vehicles, aiming for 2.22 million units in 2026, up from 1.69 million in 2025, increasing its electric vehicle penetration from 56% to 64% [13][14] Group 3: Market Dynamics and Competition - The competition in the automotive market is shifting from mere scale expansion to a comprehensive contest involving technology, product offerings, and global strategies [18] - Market analysts predict that growth in the Chinese passenger car market may slow or even decline slightly in 2026, making every percentage point of growth critical and competitive [18] - The ability of companies to balance scale, profitability, and technological investment will determine their success in this increasingly fierce market [19]

来源：新浪基金∞工作室 数据显示，1月12日，港股消费(159735)获净申购2809.58万元，位居当日跨境ETF净流入排名16/207。最 新规模7.92亿元，前一日规模7.59亿元，当日资金净流入额占前一日规模的比例为3.70%。 近5日，港股消费(159735)获净申购4811.1万元，位居跨境ETF净流入排名第25/207。近10日，港股消费 (159735)获净申购4811.1万元，位居跨境ETF净流入排名第42/207。近20日，港股消费(159735)获净申购 4403.47万元，位居跨境ETF净流入排名第56/207。 流动性方面，截止1月12日，港股消费（159735）近20个交易日累计成交金额9.01亿元，日均成交金额 4506.24万元；今年以来，6个交易日，累计成交金额3.78亿元，日均成交金额6299.91万元。 港股消费（159735）现任基金经理为李宜璇。李宜璇自2021年5月25日管理（或拟管理）该基金，任职 期内收益-19.10%。 港股消费(159735)已连续3日资金获净申购，区间净流入额4811.1万元。 港股消费（159735）成立于2021年5月25日，基金全称为 ...

Core Viewpoint - The article discusses the evolving consumer behavior in China, contrasting it with Japan's "lost three decades," emphasizing a trend towards selective consumption upgrades rather than a decline in consumption quality [1][2]. Group 1: Consumer Behavior Trends - The Chinese online consumption brand index (CBI) reached 62.65 in Q3 2025, showing a 4.4% increase year-on-year and a 0.92% increase compared to the same quarter in 2024, indicating a stable growth in consumer preference for high-quality brands [2][4]. - The CBI reflects the proportion of consumers purchasing high-quality branded goods, suggesting that consumers are not entering a "consumption menopause" but are instead actively seeking quality [3][4]. - The trend of "selective consumption upgrade" is evident, where consumers pursue cost-effectiveness for necessities while being willing to pay a premium for emotional and experiential products [5][6]. Group 2: Brand Performance and Market Dynamics - Brands like DJI and Pop Mart have shown significant growth, with DJI entering the top ten for the first time, indicating a shift towards innovative products that create new demand rather than relying on price competition [7][16]. - The CBI report highlights that brands achieving high scores are not necessarily those known for low prices but those that create unique experiences and emotional value for consumers [7][18]. - The report indicates a seasonal pattern in consumer behavior, with higher CBI scores during promotional periods, but the third quarter's performance reflects a solid foundation for brands in non-promotional times [12][14]. Group 3: Platform Strategies and Market Evolution - E-commerce platforms like Taobao are shifting their focus towards supporting quality brands and original merchants, moving away from price wars to fostering product quality and service [24][25]. - The growth in the CBI index is attributed to a strategic shift in platform policies that encourage brands to enhance their value proposition rather than compete solely on price [25][26]. - The article emphasizes that a market balanced between daily sales and promotional periods is more resilient, indicating that brands are building long-term value rather than relying on short-term sales spikes [26][28].

智通财经APP获悉，根据2026年1月12日披露数据，中国电信（00728）、绿色动力环保（01330）、凯 盛新能（01108）位居港股通持股比例前3位，分别为71.45%、69.71%、67.98%。此外，小米集团－Ｗ （01810）、阿里巴巴－W（09988）、腾讯控股（00700）在最近有统计数据的5个交易日内，持股额增 幅最大，分别为+32.43亿元、+21.48亿元、+20.40亿元;盈富基金（02800）、中国移动（00941）、恆生 中国企业（02828）在最近有统计数据的5个交易日内，持股额减幅最大，分别为-50.71亿元、-26.86亿 元、-20.85亿元。 2、港股通最近5个交易日增持榜（前10名） | 公司名称 | 持股额变动 | 持股数变动 | | --- | --- | --- | | 小米集团－Ｗ(01810) | +32.43亿元 | +8372.35万股 | | 阿里巴巴－W(09988) | +21.48亿元 | +1392.41万股 | | 腾讯控股(00700) | +20.40亿元 | +327.49万股 | | 中国平安(02318) | +17.33亿元 | + ...

Core Insights - The article highlights the top short-selling ratios and amounts for various companies, indicating significant market sentiment against these stocks [1][2]. Short-Selling Ratios - AIA Group Limited (友邦保险-R) has the highest short-selling ratio at 100.00% [2]. - China Resources Beer (华润啤酒-R) follows with a short-selling ratio of 93.73% [2]. - Great Wall Motor (长城汽车-R) has a short-selling ratio of 91.63% [2]. Short-Selling Amounts - Xiaomi Group (小米集团-W) leads in short-selling amount with 2.532 billion [2]. - Alibaba Group (阿里巴巴-W) has a short-selling amount of 2.493 billion [2]. - Tencent Holdings (腾讯控股) reports a short-selling amount of 1.976 billion [2]. Deviation Values - China Ping An (中国平安-R) has the highest deviation value at 44.83%, indicating a significant difference from its average short-selling ratio [2]. - Hong Kong Exchanges and Clearing (香港交易所-R) has a deviation value of 44.09% [2]. - AIA Group Limited (友邦保险-R) shows a deviation value of 41.14% [2].

Group 1 - Apple announced that the next iPhone will feature advanced AI capabilities, developed in collaboration with Google, utilizing the Gemini model, which has 1.2 trillion parameters compared to Apple's current 150 billion parameters [4][5] - Following the announcement, both Apple and Google's stock prices rose, with Alphabet's market capitalization surpassing $4 trillion, indicating positive market sentiment towards the partnership [4] - Elon Musk criticized the collaboration, suggesting it represents an unreasonable concentration of power, especially given Google's existing dominance in the mobile and web sectors [5] Group 2 - Ctrip mistakenly sent out mass layoff notifications to employees, which was later clarified as a system error related to the shutdown of an internal communication tool [7][8] - The incident sparked significant online discussion, with employees expressing confusion and concern over the implications of the erroneous message [7][8] Group 3 - Zhang Zetian launched a personal podcast that quickly gained over 10,000 listens in its first hour, indicating strong initial interest [10][11] - The podcast aims to provide a more authentic connection with listeners, featuring notable guests like Liu Jialing [10][11] Group 4 - Strong Brain Technology has reportedly submitted a confidential IPO application in Hong Kong, potentially becoming the first of the "Hangzhou Six" tech companies to go public [13][14] - The company specializes in brain-computer interface technology and aims to raise several hundred million dollars to accelerate its research and product development [13][14] Group 5 - ByteDance, Meituan, and Alibaba have collectively invested in a robotics company, which recently completed a 1 billion yuan A++ funding round, highlighting the competitive landscape in the AI and robotics sectors [20] - The investment reflects a growing interest in embodied intelligence and the importance of data and model evolution in this field [20] Group 6 - Aima Electric reportedly laid off over 50% of its staff in certain departments, with affected employees receiving only one month of severance pay, leading to legal disputes [21][22] - The company denied the extent of the layoffs, claiming that annual personnel adjustments are a normal part of their operations [21][22] Group 7 - Xpeng Aeroht, a subsidiary of Xpeng Motors focused on flying cars, has secretly submitted an IPO application in Hong Kong, with plans to launch as early as this year [23][24] - The company aims to capitalize on the emerging low-altitude economy and has made significant progress in its production capabilities [23][24] Group 8 - The semiconductor company OmniVision has successfully listed on the Hong Kong Stock Exchange, achieving a market capitalization exceeding 137 billion HKD, marking a significant milestone for the company [35] - OmniVision's revenue for the first three quarters of 2025 reached 21.783 billion yuan, with a net profit of 3.210 billion yuan, reflecting strong growth in the semiconductor market [35]

Core Insights - The article highlights the net inflow and outflow of funds in the Hong Kong stock market, with Xiaomi Group, Tencent Holdings, and China Construction Bank leading in net inflows, while the Yingfu Fund, Hang Seng China Enterprises, and Southern Hang Seng Technology experienced the highest net outflows [1] Group 1: Net Inflows - Xiaomi Group-W (01810) recorded a net inflow of 1.07 billion, representing a 16.36% increase in its closing price [2] - Tencent Holdings (00700) saw a net inflow of 863 million, with a 7.49% increase in its closing price [2] - China Construction Bank (00939) had a net inflow of 699 million, with a significant 41.06% increase in its closing price [2] Group 2: Net Outflows - Yingfu Fund (02800) experienced the largest net outflow of 6.289 billion, reflecting a -31.44% change in its closing price [2] - Hang Seng China Enterprises (02828) had a net outflow of 2.880 billion, with a -17.89% change in its closing price [2] - Southern Hang Seng Technology (03033) faced a net outflow of 1.289 billion, showing a -11.37% change in its closing price [2] Group 3: Net Inflow Ratios - 361 Degrees (01361) led with a net inflow ratio of 74.40%, with a net inflow of 8.9117 million [3] - BRILLIANCE CHI (01114) followed with a net inflow ratio of 64.04%, amounting to a net inflow of 36.4910 million [3] - Qin Port Co. (03369) had a net inflow ratio of 61.05%, with a net inflow of 846,600 [3] Group 4: Net Outflow Ratios - Wisdom Hong Kong 100 (02825) had a net outflow ratio of -100.00%, with a net outflow of -18,200 [3] - Stone Pharmaceutical Group (02005) recorded a net outflow ratio of -68.86%, with a net outflow of -14.1501 million [3] - Dexion Shipping (02510) experienced a net outflow ratio of -53.53%, with a net outflow of -10.0204 million [3]

大型蓝筹股多数上涨，汇丰控股收报126.783港元，较香港收市涨2.16%；腾讯控股收报642.413港元，较香港收市涨3.12%。 | 序号 | 名称 | 港股代码 | 最新价 | 涨跌额 | 涨跌幅 | ADR代码 | ADR换算价(HKD) | 较港股升跌 较 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 腾讯控股 | O 00700 | 623.000 | +12.000 | 1.96% | TCEHY | 642.413 | +19.413 | | 2 | 阿里巴巴-W | 09988 | 154.300 | +7.800 | 5.32% | BABA | 162.075 | +7.775 | | 3 | 汇丰控股 | 00005 | 124.100 | -0.700 | -0.56% | HSBC | 126.783 | +2.683 | | 4 | 建设银行 | 00939 | 7.720 | +0.130 | 1.71% | CICHY | 7.757 | +0.037 | | 5 | 小米集团-W | 0181 ...