Group 1 - Major technology and internet companies such as Tencent, Kuaishou, Baidu, and Xiaomi distributed "opening work" red envelopes to employees, with the highest amount reaching 2026 yuan [1][3] - Baidu's red envelope amounts varied from 365 yuan to 2026 yuan, with interns receiving a uniform amount of 188 yuan; Tencent provided 400 yuan to all employees and additional random amounts between 19.98 yuan and 66.66 yuan; Kuaishou distributed 366 yuan to full-time employees and 200 yuan to interns; Xiaomi's founder and CEO Lei Jun personally handed out red envelopes [3] - The red envelope amounts were primarily based on auspicious numbers, reflecting the festive atmosphere of the Year of the Horse and demonstrating the companies' care for employees, thereby enhancing their sense of belonging and team cohesion [4]

Core Viewpoint - Xiaomi's legal department announced a recent court ruling regarding a lawsuit against the self-media account "AutoReport Automotive Economics" for infringement, which concluded that the defendant's actions harmed Xiaomi's reputation and brand image [1][3]. Group 1: Legal Outcome - The court found that the defendant disseminated content that lacked factual verification, misattributed information, and was clearly defamatory towards Xiaomi [1]. - The ruling mandated the defendant to remove the infringing content, publicly apologize, and compensate Xiaomi with 5 million yuan [1].

Group 1 - The net buying of Southbound funds includes significant amounts in Southern Hang Seng Technology (1.585 billion), Meituan-W (0.687 billion), Xiaomi Group-W (0.437 billion), Kuaishou-W (0.304 billion), UBTECH (0.242 billion), and SMIC (0.220 billion), while there was a net sell of Pop Mart (0.205 billion) [1] - Southbound funds have continuously net bought Meituan for five days, totaling 2.62343 billion HKD, and Xiaomi for three days, totaling 2.66892 billion HKD [4] Group 2 - Xiaomi Group-W's vehicle delivery is expected to exceed forecasts, potentially reaching 650,000 units by 2026, with a strategy to counteract declining smartphone ASP through stable IoT and internet business [5] - UBTECH's humanoid robot gained significant popularity during the Spring Festival, with institutions predicting a substantial growth phase for the industry this year [6] - SMIC's revenue for Q4 2025 is expected to exceed forecasts, maintaining high capital expenditure [7] - Pop Mart announced the launch of a new IP "After School Merodi" on February 26, featuring 12 regular and 1 hidden model, with pricing set at 69 RMB per blind box and 828 RMB per complete set [7]

Core Viewpoint - The court ruled in favor of the company in a defamation case against the self-media account "AutoReport Automotive Industry," ordering the defendant to delete infringing content, publicly apologize, and pay 5 million yuan in damages [1] Group 1 - The court found that the defendant disseminated content that lacked factual verification, misattributed information, and was clearly derogatory, thereby infringing on the company's reputation and damaging its brand image [1] - The company expressed its commitment to using legal means to protect its rights against misleading public information and any insults or defamation [1]

格隆汇2月24日丨小米集团-W(01810.HK)宣布，公司将于2026年3月24日(星期二)举行董事会会议，其中 议程包括考虑及批准公司及其附属公司截至2025年12月31日止年度的综合全年业绩，及考虑派发末期股 息(如有)。 ...

Core Insights - Xiaomi's smartphone sales have experienced significant fluctuations, with a reported year-on-year decline of 36% in January, marking the largest drop among the six major smartphone brands in China [1][8]. Group 1: Market Performance - According to Counterpoint Research, the overall smartphone sales in China decreased by 23% year-on-year in January 2026, attributed to high base effects from subsidies and changes in the Lunar New Year timing [2][10]. - In January 2026, Apple's market share increased from 14% to 19%, while Huawei's market share remained stable at 19% despite a 27% decline in sales. Xiaomi's market share fell from 16% to 13% [2][10]. - IDC reported that Xiaomi's total shipments for 2025 reached 43.8 million units, a 4.3% increase year-on-year, with market share rising from 14.7% in 2024 to 15.4% in 2025. However, in Q4 2025, Xiaomi's shipments dropped to 10 million units, an 18% decline, the largest among the top five manufacturers [3][11]. Group 2: Product Launch and Consumer Response - Xiaomi's recent product launch of the Xiaomi 17 has been controversial, particularly due to the decision to skip the Xiaomi 16, which some consumers interpreted as a response to Apple's iPhone 17 launch [5][13]. - Analyst Guo Minghao revised the expected total shipments of the Xiaomi 17 series down by 20%, citing lower-than-expected demand for the standard version, which was anticipated to account for 50%-55% of total sales but only represented 15%-20% [13]. - Xiaomi's President Lu Weibing responded to concerns about sales, stating that the initial sales of the Xiaomi 17 series were promising, particularly for the Pro Max model, and expressed confidence that overall sales would exceed those of the previous Xiaomi 15 series [13].

2月24日，@小米法务部 发文： 小米法务部 近日，就此前起诉自媒体账号"AutoReport汽车产经"侵权一案，我司收到法院一审判决。法院认定：被 告使用前述账号在多个网络平台传播事实核查不足、"张冠李戴"、明显贬损的内容，侵害小米公司名誉 权，损害小米品牌声誉，判令被告删除侵权内容、公开赔礼道歉，并向小米公司赔偿500万元。 我们欢迎并接受社会各界的批评、建议与监督，但对于误导公众的虚假信息，以及侵犯小米权益的侮 辱、诋毁等，我们将运用法律武器，坚决捍卫合法权益。 感谢大家的关注与支持。 来源：@ ...

Core Insights - On February 24, 2026, Tencent Holdings (00700), Alibaba-W (09988), and Yangtze Optical Fibre and Cable (06869) were the top three companies by trading volume in the Southbound Stock Connect, with trading amounts of 5.462 billion, 4.066 billion, and 1.797 billion respectively [1] - Tencent Holdings (00700), Alibaba-W (09988), and Yangtze Optical Fibre and Cable (06869) also led in trading volume in the Shenzhen-Hong Kong Stock Connect, with trading amounts of 5.689 billion, 4.025 billion, and 1.901 billion respectively [1] Southbound Stock Connect Trading Activity - **Top Active Companies in Southbound Stock Connect:** - Tencent Holdings (00700): Trading amount of 5.462 billion, net buying of +0.393 billion [2] - Alibaba-W (09988): Trading amount of 4.066 billion, net selling of -0.065 billion [2] - Yangtze Optical Fibre and Cable (06869): Trading amount of 1.797 billion, net buying of +0.247 billion [2] - SMIC (00981): Trading amount of 1.696 billion, net selling of -0.121 billion [2] - Xiaomi Group-W (01810): Trading amount of 1.570 billion, net buying of +0.059 billion [2] - Pop Mart (09992): Trading amount of 1.476 billion, net selling of -0.101 billion [2] - CNOOC (00883): Trading amount of 1.379 billion, net selling of -0.049 billion [2] - Meituan-W (03690): Trading amount of 1.232 billion, net buying of +0.025 billion [2] - Southern Hang Seng Technology (03033): Trading amount of 1.217 billion, net buying of +0.026 billion [2] - UBTECH (09880): Trading amount of 1.028 billion, net buying of +0.024 billion [2] Shenzhen-Hong Kong Stock Connect Trading Activity - **Top Active Companies in Shenzhen-Hong Kong Stock Connect:** - Tencent Holdings (00700): Trading amount of 5.689 billion, net selling of -0.480 billion [2] - Alibaba-W (09988): Trading amount of 4.025 billion, net selling of -0.000384 billion [2] - Yangtze Optical Fibre and Cable (06869): Trading amount of 1.901 billion, net selling of -0.161 billion [2] - Xiaomi Group-W (01810): Trading amount of 1.544 billion, net buying of +0.378 billion [2] - Southern Hang Seng Technology (03033): Trading amount of 1.465 billion, net buying of +1.327 billion [2] - SMIC (00981): Trading amount of 1.394 billion, net buying of +0.342 billion [2] - Meituan-W (03690): Trading amount of 1.039 billion, net buying of +0.066 billion [2] - CNOOC (00883): Trading amount of 0.874 billion, net selling of -0.05057 billion [2] - Kuaishou-W (01024): Trading amount of 0.763 billion, net buying of +0.0304 billion [2] - Pop Mart (09992): Trading amount of 0.762 billion, net selling of -0.0104 billion [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任 何責任。 小米集團（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於2026年3月24日（星期 二）舉行董事會會議，其中議程包括考慮及批准本公司及其附屬公司截至2025年12月31 日止年度的綜合全年業績，及考慮派發末期股息（如有）。 承董事會命 小米集團 董事長 雷軍 香港，2026年2月24日 於本公告日期，董事會包括董事長兼執行董事雷軍先生、副董事長兼執行董事林斌先生、執行董事劉德先生；非 執行董事劉芹先生；以及獨立非執行董事陳東升博士、王舜德先生及蔡金青女士。 XIAOMI CORPORATION 小米集團 （於開曼群島註冊成立以不同投票權控制的有限公司） 股份代號：1810（港幣櫃台）及81810（人民幣櫃台） 董事會會議召開日期 ...

Core Viewpoint - The court ruled in favor of the company in a defamation case against the self-media account "AutoReport Automotive Economics," ordering the defendant to delete infringing content, publicly apologize, and pay 5 million yuan in damages [1] Group 1 - The court found that the defendant disseminated content that lacked factual verification, misrepresented information, and clearly defamed the company, harming its reputation [1] - The company expressed its commitment to using legal means to protect its rights against misleading information and insults that infringe upon its interests [1] - The company welcomes criticism, suggestions, and supervision from the public but will firmly defend its legitimate rights against false information [1]