Core Viewpoint - The release of the "Guidelines for Compliance with Pricing Behavior in the Automotive Industry" by the National Market Supervision Administration is a significant measure to regulate competition in the automotive sector and promote high-quality development in the industry, ensuring consumer rights and shifting the focus towards value creation based on technology and quality [1][2]. Company Response - Xiaomi Auto expresses strong support and active response to the guidelines, committing to optimize its pricing management and compliance system in accordance with the guidelines [1][2]. - The company will strictly implement clear pricing requirements and resolutely eliminate price fraud and unfair competition practices [1][2]. - Xiaomi Auto aims to leverage its role in the industry chain to encourage partners to adhere to the guidelines, collaborating with industry peers to maintain fair competition and contribute to the high-quality development of China's automotive industry [1][2].

Core Viewpoint - Goldman Sachs predicts that Xiaomi will invest approximately 10 billion RMB in AI by 2026, positioning Kingsoft Cloud as a major beneficiary of Xiaomi's increased investment in AI development [1] Group 1: Investment and Revenue Projections - Kingsoft Cloud is expected to update its related transaction agreement with Xiaomi by mid-year, which will increase the revenue ceiling from Xiaomi by 10% to 15% for 2026 to 2027 [1] - The annual compound growth rate of revenue from Xiaomi for Kingsoft Cloud is projected to reach 37% from 2025 to 2028 [1] Group 2: Market Reaction - Kingsoft Cloud's stock rose over 4% in pre-market trading, reaching $15.13 at the time of reporting [1]

Group 1 - Xiaomi Auto supports the "Guidelines for Compliance with Pricing Behavior in the Automotive Industry" issued by the State Administration for Market Regulation on February 12, which aims to regulate competition in the automotive industry and promote high-quality development [2][3] - Xiaomi Auto will optimize its pricing management and compliance system in accordance with the Guidelines, ensuring clear pricing and eliminating price fraud and unfair competition [2] - The automotive industry is a crucial pillar of the national economy, with a long supply chain and close ties to consumer life, but it currently faces issues such as non-compliance with clear pricing and price fraud [3] Group 2 - The Guidelines aim to clarify behavioral boundaries and unify regulatory rules, guiding automotive production and sales companies to operate legally and promote a market order characterized by quality and fair competition [3] - Xiaomi's YU7 model achieved the highest national sales in January, with 37,869 units delivered, according to the automotive retail sales ranking from Auto Home [3]

Group 1 - The core viewpoint of the article is that Xiaomi's robotics team has officially entered the open-source phase with the release of the embodied intelligence VLA model "Xiaomi-Robotics-0" [1] - The showcased robot can smoothly perform physical tasks such as folding towels and disassembling blocks, demonstrating continuous motion and responsive actions [2] - Xiaomi's technical homepage, GitHub open-source code, and Hugging Face model weights have all been made publicly available, indicating the company's long-term commitment to the robotics sector and its intention to promote open-source technology and transparency in results [3]

Core Insights - Xiaomi's YU7 model achieved sales of 37,869 units in January, ranking first in the national passenger car retail sales, despite a slight month-on-month decline from December [2][9] - The YU7 is positioned as a "family smart flagship SUV" and is Xiaomi's second mass-produced vehicle, following the SU7 [5] - The overall domestic passenger car market saw significant changes in January, with nearly half of the top 20 models being new energy vehicles, while traditional brands maintained stable market shares [6] Sales Performance - The YU7's sales in January were slightly down compared to December, indicating a solidified position in the mid-to-large SUV segment [9] - In December 2025, the YU7 ranked third in retail sales with 39,089 units, trailing only the Tesla Model Y and BYD Qin PLUS [6] Market Context - January is typically a slow season for the automotive market, with many companies pushing for annual targets in December, leading to a release of pent-up demand [9] - The YU7's performance amidst a backdrop of reduced subsidies and tax adjustments reflects its strong market presence [9] Future Outlook - Xiaomi's cumulative delivery volume approached 600,000 units by early February, with a target of 550,000 units for 2026 and over 410,000 units for 2025, exceeding previous plans [9] - The company plans to launch a new generation of the SU7 in April 2024, with a starting price of 229,900 yuan, and has already opened pre-orders [9] Competitive Landscape - The YU7 competes directly with models like Tesla's Model Y and Li Auto's L series in the mid-to-large SUV market [5] - Tesla's Model Y saw a significant drop in sales in January, with only 16,845 units sold, ranking 20th [6]

智通财经APP讯，小米集团-W(01810)发布公告，于2026年2月12日斥资约1.48亿港元回购405万股;就根 据股份计划授予参与人(发行人的董事除外)的股份奖励或期权而发行9800股股份。 ...

小米集团-W(01810)发布公告，于2026年2月12日斥资约1.48亿港元回购405万股;就根据股份计划授予参 与人(发行人的董事除外)的股份奖励或期权而发行9800股股份。 ...

Core Viewpoint - Southbound capital flow into Hong Kong stocks showed a net inflow of approximately 45.67 billion HKD despite a generally weak market performance, indicating continued interest from investors [2][3]. Southbound Capital Flow - Today's southbound trading volume reached about 947.77 billion HKD, an increase of approximately 40 billion HKD from the previous day, accounting for 39.70% of the total turnover of the Hang Seng Index, which has fallen below 40% again [2]. - The net inflow from the Shanghai-Hong Kong Stock Connect was about 46.56 billion HKD, while the Shenzhen-Hong Kong Stock Connect experienced a net outflow of approximately 0.89 billion HKD [2]. Individual Stock Performance - Significant net purchases included Tencent Holdings (14.29 billion HKD), Xiaomi Group (10.20 billion HKD), Meituan (9.85 billion HKD), and Kingsoft Cloud (1.89 billion HKD) [3]. - Major net outflows were observed in WuXi Biologics (3.92 billion HKD), Zijin Mining (3.46 billion HKD), and Pop Mart (3.01 billion HKD) [3]. Investment Highlights - Tencent Holdings saw a decline of 2.28% with a net increase of 25.2 million shares over the past five days, indicating a short-term inflow trend [4]. - Xiaomi Group decreased by 1.56%, with a net increase of 53.81 million shares in the last five days, showing continued short-term inflow [4]. - Meituan dropped 4.50%, but there was a net increase of 20.59 million shares over the past five days, suggesting accelerated short-term inflow [4]. - Kingsoft Cloud increased by 7.82%, with a net increase of 35.20 million shares in the last five days, indicating sustained short-term inflow [4]. - WuXi Biologics fell by 0.14%, but there was a net increase of 25.83 million shares over the past five days, maintaining a primary inflow trend [4]. - Zijin Mining rose by 3.45%, with a net reduction of 8.28 million shares in the last five days, indicating a primary outflow trend [4]. - Pop Mart decreased by 1.10%, with a net increase of 5.58 million shares over the past five days, showing a slowdown in inflow [4]. Recent Trading Activity - In the past month, Tencent Holdings had a net capital inflow of 16.44 billion HKD, while Meituan experienced a net inflow of 6.70 billion HKD despite a 4.50% decline [5]. - Xiaomi Group recorded a net inflow of 7.34 billion HKD, while WuXi Biologics faced a net outflow of 3.92 billion HKD [5].

格隆汇2月12日丨小米集团-W(01810.HK)公告，2月12日耗资1.48亿港元回购405万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 小米集团 (於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期： 2026年2月12日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 | B | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01810 | 說明 | | | | | | | | 多櫃檯證券代號 | 81810 | RMB 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | ...