菲律宾宣布自1月16日起对中国公民免签 迅雷重启诉讼，指控前CEO陈磊隐秘掏空公司 今日热点导览 央行：今年降息还有一定空间 金龙鱼：拟向玛氏中国转让家乐氏上海和家乐氏昆山各50%股权 小米推出7年低息购车政策 境外收入的补税追溯期最早可至2017年 TOP3大新闻 贾国龙发朋友圈：离职工资不会差，储值卡立刻能退 1月15日，西贝表示将一次性关店102家，占所有门店的30%。对此，中国新闻周刊从西贝餐饮创始人贾国龙微信朋友圈获悉，这102家门店将在一季度陆 续完成，"所有不得不离职的员工，工资一分钱不会差。所有顾客储值卡随时可用在其他门店，想退卡的立刻就退。"对于部分门店年夜饭订单，贾国龙 称，虽然立刻关闭门店损失会更小，但仍将履行对顾客的承诺，"再坚持一个月，接完最后一餐再关"。 此外，贾国龙坚称"西贝门店从来不是预制菜，无论按照国家定义还是现实生活常识"。据贾国龙介绍，西贝连续十一年位列中式烹饪正餐营收第一名，员 工工资福利待遇都属于行业前列，每年接待顾客7000万人次。接下来的时间，"我们会继续拼，争取活下来"。（中国新闻周刊） 贾国龙回应 爱马仕客服回应一个悠悠球售价超1.8万：近期推出的新品，设计上 ...

Group 1 - The top three companies with net inflows of southbound funds are Alibaba-W (09988) with 1.05 billion, Tencent Holdings (00700) with 752 million, and Pop Mart (09992) with 678 million [1] - The top three companies with net outflows of southbound funds are SMIC (00981) with -836 million, China Mobile (00941) with -729 million, and Meituan-W (03690) with -378 million [1] - In terms of net inflow ratios, Jiangsu Ninghu Expressway (00177) leads with 53.75%, followed by Cheung Kong Infrastructure Group (01038) at 52.00%, and Mao Geping (01318) at 48.07% [1] Group 2 - The top ten companies by net inflow include Alibaba-W (09988) with 1.05 billion and a closing price of 159.90 (+3.63%), Tencent Holdings (00700) with 752 million and a closing price of 627.50 (+0.72%), and Pop Mart (09992) with 678 million and a closing price of 191.30 (-2.89%) [2] - The top ten companies by net outflow include SMIC (00981) with -836 million and a closing price of 74.45 (-1.13%), China Mobile (00941) with -729 million and a closing price of 80.95 (-0.25%), and Meituan-W (03690) with -378 million and a closing price of 104.90 (-0.10%) [2] - The top three companies by net inflow ratio also include Baiaosaitu-B (02315) at 46.69% and Wei Long Delicious (09985) at 45.51% [3] Group 3 - The top three companies by net outflow ratio include Southern Hong Kong Stock Connect (03432) at -100.00%, E Fund Hang Seng ESG (03039) at -93.75%, and Country Garden Services (06098) at -58.59% [3] - The data reflects the net inflow and outflow trends in the Hong Kong stock market, indicating investor sentiment towards specific companies [1][2][3]

对此，瑞银全球投资银行亚太股票资本市场联席主管胡凌寒表示，香港市场资金池与全球互通，"当池 子繁荣发展，就能吸引全球资金"。她表示，去年，比亚迪和小米均在香港完成了大规模融资，比亚迪 募资总额约为56亿美元，小米约为53亿美元，香港市场能迅速支撑如此规模发行，背后正是因为市场繁 荣、企业优秀，能快速调动全世界资金池融入资本市场。"中国领先的AI企业，受资本的关注和支持非 常高"， 胡凌寒称，即使这些股票涨幅翻了数倍，也仍能看到外资基金通过瑞银进行买入。 "和美国相比，中国的AI泡沫概率小得多，短期还看不到明确的AI泡沫迹象。" 瑞银中国互联网行业分 析师熊玮14日分析原因称，首先，中国模型厂商没有太多循环融资现象，中国领先的大模型公司，很多 靠母公司自有现金流，产生健康的可持续现金流，来支持AI研发与投入。根据统计，2025年中国头部 互联网大厂总资本开支约为4000亿元人民币，约为美国同行的1/10，但中国模型能力与美国不相上下， 并且在持续追赶。 熊玮预计，2026年中国科技将继续推动模型的快速迭代，逐渐缩小与美国最先进模型能力的差距。"美 国模型追求的是智能水平全球领先，但同时价格也非常贵。实际模型落地 ...

Core Viewpoint - The Xiaomi automobile factory in Beijing has become a global attraction, showcasing advanced manufacturing capabilities and innovation in the electric vehicle sector, reflecting China's rapid industrial growth and technological prowess [1][9]. Group 1: Factory Features and Innovations - The factory produces a new car every 76 seconds, utilizing highly automated processes and advanced robotics, which has impressed international visitors [1][9]. - Key features include a large die-casting machine with a clamping force of 9,100 tons that can create 72 parts in just 120 seconds, and hundreds of robotic arms working collaboratively in the production area [1][9]. - The factory employs AI technology for non-destructive testing, achieving a detection accuracy of over 99.9%, significantly faster than traditional manual methods [8]. Group 2: Visitor Impressions - International students from Columbia University expressed amazement at the innovative manufacturing processes and the speed of production, highlighting the experience as a significant educational opportunity [2][4]. - Diplomats and business leaders from various countries noted the high efficiency, aesthetic design, and performance of the vehicles, with some expressing interest in introducing Xiaomi cars to their home markets [5][6]. - The factory has hosted over 30 diplomats and business representatives from 18 countries, who were impressed by the technological advancements and potential for collaboration [5][7]. Group 3: Global Impact and Recognition - The rise of Xiaomi's factory is seen as a representation of China's capabilities in the electric vehicle industry, with the country being recognized as a global leader in this sector [4][10]. - Data indicates that from January to November 2025, China's exports of new energy vehicles reached 2.315 million units, marking a year-on-year increase of 102.9% [9]. - The factory's success is viewed as a case of "open defeating protectionism," showcasing China's commitment to innovation and sustainable development in the automotive industry [10][11].

Core Insights - The automotive market in 2026 is characterized by significant differentiation in sales targets among major car manufacturers, with a total target exceeding 21.55 million units, approximately 63% of the 2025 domestic sales volume [1] - Traditional automakers are focusing on stable growth rates of 10% to 30%, while new entrants and cross-industry brands are setting aggressive targets of 34% to 67.5%, indicating a strong push for market share [1] Summary by Company - **Geely**: Set a sales target of 3.45 million units for 2026, a 14% increase from 2025, with a focus on 2.22 million units of new energy vehicles (NEVs), achieving a penetration rate of 64.3% [1] - **Chery**: Aims for 3.2 million units, a 14.03% increase from 2025's 2.81 million units, with plans to launch 17 key models [2] - **Dongfeng Group**: Targets 3.25 million units, a 30% increase from 2025, with 1.7 million NEVs and 600,000 units for export [2] - **Great Wall Motors**: Sets a more conservative target of 1.8 million units, a 36% increase from 2025's 1.32 million units [2] - **Leap Motor**: Aims for 1 million units, a 67.5% increase from 2025's 596,600 units, leveraging core technology and a competitive parts system [2] - **Xiaomi**: Targets 550,000 units, a 34% increase from 2025's 410,000 units, emphasizing a stable expansion strategy [3] - **NIO**: Plans for a sales range of 456,000 to 489,000 units, maintaining a growth rate of 40% to 50% [3] - **GAC Toyota**: Sets a conservative target of 800,000 units, a 3.6% increase from 2025 [3] - **SAIC Volkswagen**: Aims for 1 million units, maintaining 2025 levels, with plans for 7 new NEV models [3] Market Dynamics - The automotive industry is shifting from incremental expansion to competition within existing market shares, with varying growth rates reflecting companies' strategies and market conditions [4] - Traditional automakers are generally targeting growth rates between 13% and 30%, with NEV sales growth rates significantly higher, indicating a consensus on NEVs as the main growth driver [4] - New energy vehicle sales targets are notably higher than overall sales targets, with Geely and Changan targeting 32% and 26.2% growth rates respectively [4] Strategic Considerations - The high growth targets set by new entrants are driven by the need for scale to improve cash flow and profitability, but achieving these targets will require strong organizational capabilities [5] - Key factors influencing the achievement of sales targets include the rollout of new energy products, success in overseas markets, and the overall capability of the companies [6] - The industry is expected to see a 4.3% growth in exports, with companies like BYD targeting 1.5 to 1.6 million units for overseas sales [6]

Core Insights - The automotive market in 2026 is characterized by significant differentiation in sales targets among major car manufacturers, with a total target exceeding 21.55 million units, approximately 63% of the 2025 domestic sales volume [1] - Traditional automakers are focusing on stable growth rates of 10% to 30%, while new entrants and cross-industry brands are setting aggressive targets ranging from 34% to 67.5%, indicating a strong push for market share [1] Summary by Company - Geely aims for a sales target of 3.45 million units in 2026, a 14% increase from 2025, with a focus on 2.22 million units of new energy vehicles, achieving a penetration rate of 64.3% [1] - Chery targets 3.2 million units, a 14.03% increase from 2025, with plans to launch 17 key models focusing on electrification and intelligence [2] - Dongfeng Group sets an ambitious target of 3.25 million units, a 30% increase from 2025, with a focus on 1.7 million new energy vehicles and 600,000 exports [2] - Great Wall Motors adopts a more cautious approach with a target of 1.8 million units, reflecting a 36% increase from 2025 [2] - Leap Motor aims for 1 million units, a 67.5% increase, building on a strong 2025 performance of 596,600 units [2] - Xiaomi targets 550,000 units, a 34% increase, emphasizing a production strategy driven by orders [3] - NIO sets a sales target range of 456,000 to 489,000 units, maintaining a growth rate of 40% to 50% [3] - GAC Toyota's target is 800,000 units, a modest 3.6% increase, while SAIC Volkswagen aims for 1 million units, maintaining its 2025 target [3] Market Dynamics - The differentiation in sales targets reflects a shift from incremental expansion to competition within existing market shares, with the difficulty of achieving these targets closely tied to each company's base, product layout, and systemic capabilities [4] - Traditional automakers are generally targeting growth rates between 13% and 30%, with a notable emphasis on new energy vehicle sales growth, which is significantly higher than overall growth targets [4] - New energy vehicles are recognized as the main growth engine, with companies like Geely and Changan setting ambitious growth targets for their new energy vehicle sales [4] - The aggressive targets set by new entrants are seen as a response to the need for scale, cash flow improvement, and valuation support, although they face challenges in converting scale into systemic strength [5] Key Factors for Target Achievement - The success of sales targets hinges on three main dimensions: the rollout of new energy products, effectiveness in overseas market expansion, and the overall systemic support capabilities of the companies [5] - Companies like Geely and Changan are expected to achieve their targets due to stable completion rates and robust channel layouts, while some joint venture brands may face risks of market share erosion despite conservative targets [5]

Core Viewpoint - Xiaomi's CEO Lei Jun will host a highly anticipated live stream to discuss the new generation SU7 and share positive news about Xiaomi's automotive developments [1][3] Group 1: Live Stream Details - The live stream is scheduled for tonight at 20:00 and will feature Lei Jun addressing various audience questions [1] - This will be Lei Jun's third live stream in 2026, indicating a commitment to engaging with the audience [3] Group 2: Special Guests and Content - The live stream will include special guest Wu Pei, a seasoned automotive media personality, who will provide unique insights based on his industry experience [3] - Dr. Chen Guang, head of HAD, will also participate to discuss the latest advancements in Xiaomi's assisted driving system, showcasing the company's innovations in smart driving technology [3]

Core Insights - Xiaomi's SU7 model is projected to be the best-selling sedan priced over 200,000 in 2025, while the YU7 has achieved the highest sales in the mid-to-large SUV category for five consecutive months since its launch six months ago [1] - Xiaomi has reached a milestone of 500,000 vehicle deliveries, expressing gratitude to its customers for their support [1] - A promotional financing plan for the YU7 and first-generation SU7 will be available from January 16, 2026, offering low-interest rates and various payment options [1] Group 1: Product Development and Features - The new generation SU7 is currently undergoing road testing, with a call for users to share photos of the test vehicles [1] - Xiaomi's automotive division has over 1,800 personnel focused on smart driving, with R&D centers established in Beijing, Shanghai, and Wuhan [2] - The recently released Xiaomi HAD enhanced version has received positive feedback, incorporating reinforcement learning algorithms and world models [2] Group 2: New Generation SU7 Specifications - The new generation SU7 will feature various wheel sizes, including 19-inch, 20-inch, and 21-inch options, with upgraded designs [3] - The vehicle will be available in nine colors, including new exclusive colors alongside classic options from the previous generation [3] - Interior upgrades include new color options, a redesigned dashboard layout, and enhanced ambient lighting [3] - The new generation SU7 boasts significant improvements in battery technology, with the Pro version achieving a CLTC range of 902 km and higher voltage for better charging efficiency [3][4] Group 3: Performance Enhancements - The V6sPlus super motor has seen a 1.5% increase in overall efficiency, with power output improvements for both standard and Max versions [4] - The new generation SU7 is heavier due to safety and performance upgrades, but these enhancements do not compromise its range or driving performance [4] - The vehicle will include advanced safety features with full lidar and radar systems, enhancing the performance of its driving assistance capabilities [4] - The new generation SU7 is expected to officially launch in April, with final specifications to be confirmed through official channels [4]

Group 1 - The core viewpoint of the article is that Lei Jun discussed the new generation SU7 during a live stream, highlighting the popularity of the "Capri Blue" color choice, which received nearly three times the votes compared to "Gulf Blue" in an online survey [1] - The new generation SU7 will feature three color options, with "Capri Blue" being selected to appeal to a segment of consumers while avoiding widespread dislike [1] - Lei Jun mentioned that blue is the lucky color for SU7, while green is designated as the lucky color for YU7 [1] Group 2 - The new generation Xiaomi SU7 will offer six wheel designs, including new options such as the diamond wheel for 19 inches and the sharp blade wheel for 20 inches [3] - Other wheel options for the 20-inch category include the plum blossom wheel and the rice-shaped wheel, while the 21-inch category features the sports wheel and the double-layer forged plum blossom wheel [3]

小米集团-W回购明细 证券时报·数据宝统计，小米集团-W在港交所公告显示，1月15日以每股37.860港元至37.920港元的价格 回购390.00万股，回购金额达1.48亿港元。该股当日收盘价37.860港元，上涨0.21%，全天成交额43.97 亿港元。 自1月13日以来公司已连续3日进行回购，合计回购1190.00万股，累计回购金额4.51亿港元。 其间该股 累计下跌2.27%。 今年以来该股累计进行8次回购，合计回购3245.00万股，累计回购金额12.41亿港元。（数据宝） | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2026.01.15 | 390.00 | 37.920 | 37.860 | 14777.98 | | 2026.01.14 | 400.00 | 37.800 | 37.720 | 15109.00 | | 2026.01.13 | 400.00 | 38.040 | 37.940 | 15200.88 | | 2026.01.09 | 400.00 ...