2月10日晚，小米创办人、董事长兼CEO雷军在直播中透露，车上开展定制服务非常复杂，他们团队研 发了3年才在去年开始试运营。 雷军还透露，定制服务一般在几百万的豪车品牌上才有配备。 央广网报道显示，2025年9月，在"2025雷军年度演讲"中，雷军宣布小米汽车推出"小米定制服务"，面 向旗下两款高配车型——小米YU7Max与小米SU7 Ultra，开启为期一年的试运营。 此后，雷军在微博中发布提到了小米定制服务的具体内容，其中包含5款全新豪华车漆、4款内饰，以及 全新设计的高工艺锻造轮毂，还包括定制车标、车身拉花等个性化定制项，定金80000元，需在线下确 认配置和锁单。 据易车网，12月8日，小米汽车副总裁李肖爽在微博上宣布小米定制服务，已经开启交付。 ...

2月10日晚，小米创办人、董事长兼CEO雷军在直播中透露，新一代小米SU7时，门把手提前符合了新 国标。 据上游新闻报道，有消息称，新一代小米SU7的隐藏门把手新增了机械冗余，解决了低温失灵，故障率 高等问题。 2025年10月13日凌晨3时16分左右，四川成都天府大道仁寿视高段发生一起涉及小米SU7的严重交通事 故。事发后车辆发生自燃，多名市民尝试破窗救援无果，司机不幸遇难。该起事故中，小米SU7采用的 半隐藏式门把手曾引发巨大争议。 雷军在直播中透露，初代SU7的最后一台车量产下线，正在运送途中，将安排车主提车，这意味着初代 小米SU7正式停产。据雷军介绍，初代SU7交付量接近37万辆。 ...

视频画面显示，雷军原本表演让小米公司研发的人工智能语音助手小爱同学启动"回家模式"，然而，发 出指令后，小爱同学却表示"操作失败了"。 2月10日晚，小米创办人、董事长兼CEO雷军在直播中现场演示"人车家"生态互联，不料小爱同学表演 翻车了。 ...

Group 1 - The Hang Seng Index closed up 0.31%, while the Tech Index rose by 0.9% [1] - Bilibili (09626.HK) and Tencent Music (01698.HK) both increased by over 4.5% [1] - Xiaomi Group (01810.HK) and Kingdee International (00268.HK) saw gains of over 4% [1] Group 2 - Pop Mart (09992.HK) experienced a decline of over 5% [1]

Core Viewpoint - Luoketech (Beijing) Co., Ltd. has submitted an application for a mainboard IPO to the Hong Kong Stock Exchange, aiming to become the "first AI smart lock stock" in the Hong Kong market [1] Group 1: Financial Performance - The company reported revenue growth from 1.015 billion to 1.086 billion yuan from 2023 to 2024, with a year-on-year increase of 11.5% in the first three quarters of 2025, reaching 774 million yuan [2] - Profits for 2023 and 2024 are projected at 14.03 million and 53.11 million yuan, respectively, with 31.98 million yuan reported for the first three quarters of 2025 [3] Group 2: Cash Flow Challenges - Operating cash flow showed a significant decline, with net inflow dropping from 89.485 million yuan in 2023 to just 1.247 million yuan in 2024, and turning negative with a net outflow of 38.307 million yuan in the first three quarters of 2025 [4] - As of September 2025, cash and cash equivalents were only 66.73 million yuan, a substantial decrease from the beginning of the period [5] Group 3: Business Structure and Dependency - The company's revenue growth heavily relies on ODM (Original Design Manufacturer) business, which accounted for 61.6% of total revenue in the first three quarters of 2025, up from 50.6% in 2023 [6] - Revenue from proprietary brand consumer products declined from 319 million yuan in 2023 to 301 million yuan in 2024, further dropping to 159 million yuan in the first three quarters of 2025, reducing its share from 27.8% to 20.5% [6] - The overall gross margin decreased from 35.2% in 2024 to 31.2% in 2025 due to the imbalance in business structure [7] Group 4: Client Dependency Risks - The company is significantly dependent on a single client, with sales to the top five clients accounting for 65.2% of total revenue, and sales to the largest client, Xiaomi, making up 60.6% [8] - The founder, Chen Bin, acknowledged that after receiving investment from Xiaomi, the company largely abandoned its proprietary brand, leading to a lack of product differentiation [9]

小米创办人雷军今日发文：很多网友反馈，过年回家，每次都要帮助家里长辈解决手机使用的问题。我 们准备了7万份《智能手机使用指南》，春节前会在小米之家发放，帮助长辈更好的使用手机。 责任编辑：王翔 责任编辑：王翔 小米创办人雷军今日发文：很多网友反馈，过年回家，每次都要帮助家里长辈解决手机使用的问题。我 们准备了7万份《智能手机使用指南》，春节前会在小米之家发放，帮助长辈更好的使用手机。 ...

Group 1 - The Hong Kong stock market showed a strong rebound on February 11, with the Hang Seng Tech Index rising nearly 1% and the Guozheng Hong Kong Stock Connect Tech Index increasing over 1% [1] - Notable performers among constituent stocks included Bilibili-W and Xiaomi Group-W, both rising over 5%, while BYD Company Limited saw an increase of nearly 4% [1] - The Tianhong Hong Kong Tech ETF (159128) has attracted significant capital, with a net subscription of 10 million units and a total inflow exceeding 720 million yuan over the past 20 trading days [1] Group 2 - Xiaomi Group's founder and CEO Lei Jun announced the completion of the first-generation Xiaomi SU7 production, with over 360,000 units delivered [2] - The production line is currently being modified to prepare for the next generation of the SU7 [2] - According to招商证券, the recent downturn in the Hong Kong tech sector presents significant investment opportunities, as the current market volatility is seen as a temporary liquidity shock [2]

2月11日，小米集团-W(1810.HK)今日表现强势，盘中一度涨5.4%报37.5港元。消息面上，雷军昨日于直播宣布，初代SU7正 式停产，最后一辆车型已下线。同时，雷军透露新一代SU7预计4月份上市。 另外，昨晚央视《新闻联播》播放了一段多终端智能体互操作测试版的场景，相关画面展示有三款终端设备，包括两台平 板和一部手机，分别演示智能家居 3D 视图、车机中控、智能语音助手相关功能。有媒体猜测这三款终端设备属于小米品 牌，中间的平板采用刘海屏设计，预计为小米平板 7 Ultra。值得一提的是，小米平板7 Ultra发布于去年5月，首发搭载玄戒 O1旗舰处理器。该平板此次展示了车机页面，或表明HyperOS车机系统已在玄戒芯片上跑通。 港股频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

Core Viewpoint - Xiaomi Group-W (1810.HK) showed strong performance today, with a peak increase of 5.4% reaching HKD 37.5 per share, following announcements from CEO Lei Jun regarding the production status of the SU7 model and the introduction of new devices [1] Group 1: Product Developments - The original SU7 model has officially ceased production, with the last unit having been completed [1] - A new generation of the SU7 is expected to launch in April [1] Group 2: Technology and Device Innovations - A segment on CCTV's "News Broadcast" showcased a multi-terminal smart device interoperability test, featuring three devices: two tablets and a smartphone [1] - The displayed devices are speculated to belong to the Xiaomi brand, with one tablet featuring a notch design, likely the Xiaomi Pad 7 Ultra [1] - The Xiaomi Pad 7 Ultra, released in May last year, is equipped with the flagship processor, the玄戒O1, and demonstrated a vehicle interface, indicating that the HyperOS vehicle system is operational on the玄戒 chip [1]

Core Viewpoint - The Hong Kong stock market is experiencing a strong performance in the hard technology sector, with significant gains in companies like Kintor Pharmaceutical and Kingsoft Cloud, indicating a potential investment opportunity in the semiconductor and technology industries [1][3]. Group 1: Market Performance - Kintor Pharmaceutical's stock surged over 13%, while Kingsoft Cloud rose more than 9%, and both Kintor Group and Xiaomi Group increased by over 5% [1]. - The first ETF focusing on the Hong Kong chip industry, the Hong Kong Information Technology ETF (159131), saw a price increase of 1.2%, with a trading volume exceeding 55.93 million yuan [1][3]. Group 2: ETF Composition and Strategy - The ETF is structured with a composition of 70% hardware and 30% software, heavily investing in semiconductor, electronics, and computer software sectors, covering 42 hard technology companies [3]. - Major holdings include Semiconductor Manufacturing International Corporation (15.21% weight), Xiaomi Group (12.08% weight), and Hua Hong Semiconductor (8.68% weight), excluding large-cap internet companies like Alibaba and Tencent, which allows for a sharper focus on AI hard technology trends [3]. Group 3: Market Analysis and Future Outlook - According to recent analysis from China Merchants Securities, the Hong Kong technology sector, represented by the Hang Seng Technology Index, has seen significant declines, suggesting a potential for value investment at this juncture [2]. - The current market volatility is characterized as a severe liquidity shock, with the situation not fundamentally different from past market conditions, indicating that favorable factors are accumulating for future growth [2].