Macro Dynamics - In the first ten months of 2025, China attracted foreign investment of 621.93 billion RMB, a year-on-year decrease of 10.3% [2] - The number of newly established foreign-invested enterprises reached 53,782, marking a 14.7% increase year-on-year [2] - The manufacturing sector attracted 161.91 billion RMB, while the service sector attracted 445.82 billion RMB [2] - High-tech industries received 192.52 billion RMB in foreign investment, with significant growth in e-commerce services (173.1%), medical equipment manufacturing (41.4%), and aerospace manufacturing (40.6%) [2] - Investment from the UAE, UK, and Switzerland increased by 48.7%, 17.1%, and 13.2% respectively [2] Financial Institutions - Xinhua Insurance has been approved to increase its capital by 154.45 million HKD in Xinhua Asset Management (Hong Kong) [8] - The independent director of Xi'an Bank, Cao Huitao, resigned due to work reasons [9][10] - Huang Zhiwei has been approved to serve as the chairman of China Merchants Renhe Life Insurance [11] Market Data - The Hang Seng Index fell by 2.38%, and the Hang Seng Tech Index dropped by 3.21% on November 21 [12] - The Shanghai Composite Index decreased by 2.45%, closing below 3900 points, with significant declines in lithium, titanium dioxide, and energy metal sectors [13] Company Developments - China Nuclear Power announced a share buyback of 37.99 million shares, utilizing a total of 345 million RMB [17] - Changsha Beidou Industry Safety Technology Research Institute's IPO on the Sci-Tech Innovation Board has been accepted, aiming to raise 709 million RMB for various projects [18] - Xiaomi Group's public relations manager Wang Hua confirmed his transfer to the Xiaomi Wuhan headquarters [19]

Core Viewpoint - The controversy surrounding Xiaomi's diving watch has escalated due to user complaints about water damage, leading to a lawsuit alleging false advertising regarding the watch's waterproof capabilities [1][6][15] Group 1: Incident Overview - A user reported that their Xiaomi Watch S4 Sport, advertised with a 40-meter diving capability, suffered water damage after four days of use while diving [2][5] - The customer service response indicated that the watch is not recommended for diving, which sparked widespread discussion and ridicule online [4][5] Group 2: Legal Action - Lawyer Hu Youru announced plans to sue Xiaomi for false advertising, claiming the watch's 5ATM waterproof rating is misleading given the typical requirements for swimming and professional diving [6][11] - The lawsuit highlights discrepancies between the advertised features and the actual performance of the watch, particularly regarding its waterproof certification [11][13] Group 3: Xiaomi's Response - Xiaomi issued a statement denying any false advertising, claiming that the customer service recording was misrepresented and that the watch is certified for various diving modes [13][14] - The company acknowledged service shortcomings but maintained that the watch meets the EN13319 international diving certification standards [14][15] Group 4: Ongoing Developments - Hu Youru confirmed that he has submitted the lawsuit and plans to provide additional materials as required by the court [15] - The core issue remains whether the watch's 5ATM rating is sufficient for diving, with Hu expressing doubts about its safety and performance [15]

Group 1: Market Overview - On November 21, the Hong Kong stock market saw a net inflow of 105 million HKD from northbound trading, with a net buy of 498 million HKD from the Shanghai Stock Connect and a net sell of 393 million HKD from the Shenzhen Stock Connect [2] - The most bought stocks included Tencent (00700), Xiaomi Group-W (01810), and Alibaba-W (09988), while the most sold stocks were the Tracker Fund of Hong Kong (02800), Hua Hong Semiconductor (01347), and Ganfeng Lithium (01772) [2] Group 2: Stock Performance - Alibaba-W had a net inflow of 8.47 billion HKD, with a buy amount of 41.80 billion HKD and a sell amount of 33.33 billion HKD [3] - Xiaomi Group-W recorded a net inflow of 9.48 billion HKD, with a buy amount of 29.79 billion HKD and a sell amount of 20.31 billion HKD [3] - Tencent Holdings had a net inflow of 9.61 billion HKD, with a buy amount of 22.87 billion HKD and a sell amount of 13.25 billion HKD [3] Group 3: Sector Insights - Northbound funds are actively buying technology stocks, with Tencent, Alibaba, Kuaishou-W, and Meituan-W receiving significant net buys [6] - Xiaomi Group-W's strong third-quarter performance, with a revenue increase of 22.3% to 113.1 billion HKD and a net profit growth of 80.9% to 11.3 billion HKD, is driven by its high-end smartphone strategy and automotive business [6] - Semiconductor stocks like SMIC (00981) and Hua Hong Semiconductor (01347) faced net sells of 1.89 billion HKD and 3.37 billion HKD respectively, amid reports of potential delays in U.S. semiconductor import tariffs [7] Group 4: Commodity Market Impact - Ganfeng Lithium (01772) experienced a net sell of 1.9 billion HKD, influenced by recent adjustments in lithium carbonate futures trading fees and limits, leading to a drop in futures prices [7] - The overall sentiment in the lithium market is shifting as recent price movements are increasingly driven by market speculation rather than fundamental supply-demand dynamics [7] Group 5: ETF Performance - The Southern Hang Seng Technology ETF (03033) saw a net buy of 72.34 million HKD, while the Tracker Fund of Hong Kong (02800) faced a significant net sell of 5.142 billion HKD [8] - The divergence in ETF performance reflects broader market uncertainties, particularly regarding U.S. interest rate policies and inflation concerns [8]

11月21日恒生指数下跌2.38%，南向资金全天合计成交金额为1181.47亿港元，其中，买入成交591.26亿 港元，卖出成交590.21亿港元，合计净买入金额1.05亿港元。具体来看，港股通（深）累计成交金额 457.15亿港元，买入成交226.61亿港元，卖出成交230.54亿港元，合计净卖出金额3.93亿港元；港股通 （沪）累计成交金额724.32亿港元，买入成交364.65亿港元，卖出成交359.67亿港元，合计净买入金额 4.98亿港元。 （文章来源：证券时报网） | 代码 | 简称 | 成交金额（万港元） | 成交净买入（万港元） | 今日涨跌幅（%） | | --- | --- | --- | --- | --- | | 00700 | 腾讯控股 | 605317.89 | 173605.70 | -1.77 | | 01810 | 小米集团-W | 766459.86 | 126775.46 | 1.01 | | 09988 | 阿里巴巴-W | 1346438.63 | 115764.66 | -4.65 | | 01024 | 快手-W | 66256.06 | 23647.11 | - ...

（原标题：小米集团-W(01810.HK)11月21日回购3.03亿港元，年内累计回购23.48亿港元） 证券时报•数据宝统计，小米集团-W在港交所公告显示，11月21日以每股37.640港元至38.040港元的价 格回购800.00万股，回购金额达3.03亿港元。该股当日收盘价38.080港元，上涨1.01%，全天成交额 158.07亿港元。 自11月20日以来公司已连续2日进行回购，合计回购2150.00万股，累计回购金额8.11亿港元。 其间该股 累计下跌1.91%。 今年以来该股累计进行14次回购，合计回购5562.52万股，累计回购金额23.48亿港元。（数据宝） 小米集团-W回购明细 | 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 | | --- | --- | --- | --- | --- | | | （万股） | （港元） | （港元） | （万港元） | | 2025.11.21 | 800.00 | 38.040 | 37.640 | 30334.68 | | 2025.11.20 | 1350.00 | 38.100 | 37.380 | 50776.22 | | ...

Q zxx 王化转岗到小米 ... · 419新讨论 日常會會。 王化在其社交平台上表示，自己转岗的消息在上周日提前被圈内朋友"爆料"，看来保密工作做得不够 好，也是因为上周日的"爆料"，他发现坊间出现了很多传闻。 "今天是我到岗小米武汉总部正式开展工作的第一天。原本我有三个选择。如果我低调转岗，啥也不 说，只会有更多传言和解读；如果我低调汇报，不做过多解释，举重若轻地告诉大家我转岗了，证实 了'爆料'，但为什么是现在？是不是背锅？有没有其他的原因？给大家留下无数的疑问不去解释，似乎 也不符合我的个性；以我的个性，还是愿意真心和大家汇报"。 备受行业关注的小米公关负责人王化新去向揭晓。11月21日，原小米集团公关部总经理王化宣布转岗小 米武汉总部。连日来，坊间就有王化转岗的消息传出，彼时"背锅""有其他原因"等传言四起。对此，王 化否认"背锅"，称自己就是正常转岗，没有别的任何原因，请大家切勿过度解读。另据新浪科技报道， 徐洁云接任小米集团公关部总经理一职。 王化 窗口》 2小时前 来自微博网页版 今天是我到岗小米武汉总部正式开展工作的第一 天,是时候向大家汇报我转岗的信息了,只是没想 到上周日提前被圈内的朋 ...

（来源：新行情） 步步紧逼。 小米和华为的成就大比拼 11月20日，小米官方发布了一则消息："小米汽车第50万辆整车正式下产线。" 出品 | 新行情 作者 | 松涛 小米和华为，是行业内交锋许久的老对手了。 从原来智能手机业务的竞争，拓展到目前的"造车新势力"的较量，二者的角逐，已从单一产品的对决， 演进为全生态链与产业体系的全方位博弈。 这场博弈，不仅始终牵引着行业的神经，也持续吸引着大众的目光。 当小米为新的里程碑欢呼时，华为也紧随其后，亮出自己扎实的成绩单。 众所周知，如今的小米深陷舆论风波。 当小米总算有好消息传来之际，余承东却突然出手，这无疑被视为是和小米的针锋相对。 双方你追我赶、互不相让的态势清晰可见——那团对抗之火，正愈烧愈烈。 源：微博 图 这意味着，自2024年3月28日首款车型SU7正式发布，小米汽车仅用602天、不足20个月，就刷新了全球 新能源车企50万辆下线的最快纪录。 雷军在社交平台表示，这是小米汽车史上一个重要的里程碑。 在他看来，在一年多的时间里，小米汽车就达到如此成就，"这标志着，小米汽车从研发、制造、销 售、交付和服务等整个体系能力，得到了充分验证！这也标志着，小米汽车得 ...

Core Insights - The high-end smartphone market is increasingly focused on imaging capabilities, with brands competing on optimization rather than hardware differences [1] - Xiaomi's pricing strategy for the Xiaomi 14 Ultra has seen significant reductions, making it a competitive option in the high-end segment [1] Imaging Technology - The Xiaomi 14 Ultra features a Leica quad-camera system, including a 1-inch Sony LYT-900 sensor, which is considered one of the best mobile camera sensors globally [3] - The device offers a variable aperture ranging from f/1.63 to f/4.0, a feature that has been removed in newer models, highlighting its unique selling point [3] Camera Specifications - The long-focus capabilities include a 75mm Leica floating telephoto lens and a 1200mm macro lens, catering to a wide range of photography needs [5] - An ultra-low distortion ultra-wide camera with a 12mm focal length supports 122° field of view, enhancing versatility in photography [5] Display and Build Quality - The smartphone features a 6.73-inch AMOLED display with 2K resolution and a peak brightness of 3000 nits, indicating high display quality [6] - The device is equipped with Dragon Crystal Glass for improved durability and is rated IP68 for water and dust resistance [6] Performance and Battery - The Xiaomi 14 Ultra is powered by the Snapdragon 8 Gen 3 processor, which, while adequate, is considered less competitive compared to newer models [8] - The device has a 5300mAh battery with a lower energy density of 779Wh/L, compared to newer models that exceed 800Wh/L [8] - Charging capabilities include 90W wired charging and 80W wireless charging, allowing for rapid recharging [8] Additional Features - The inclusion of the Xiaomi Surge T1 signal enhancement chip and dual stereo speakers supports improved connectivity and audio quality [10] - The device's pricing strategy has led to significant discounts, prompting discussions about its value proposition in the current market [10]

2025.11. 21 本文字数：3223，阅读时长大约5分钟 作者 | 第一财经 吕倩 李娜 王珍 刘佳 过去几个月，一场由手机屏幕绿线问题引发的消费维权潮在社交平台上持续发酵，涉及包括 OPPO 、一加、vivo、三星、小米、华为等几乎全部主流国 产与国际品牌。 这一现象被网友称为"绿线门"，更关键的是，这些故障多数并非人为损坏，而是源于屏幕本身的可靠性问题。 然而，面对同一类硬件问题，第一财经记者调查发现，各大厂商的售后态度难让消费者满意。有厂商迅速响应、承诺满足一定条件免费换屏，但消费者在 实际操作中却困难重重，甚至同一品牌的不同网点售后也存在差异，有的以"过保"为由拒之门外，还有要求用户提供早已遗失的发票，也有品牌"按闹分 配"，令消费者倍感无奈。 近期，第一财经记者通过采访了多地用户、线下门店及咨询品牌客服，试图还原绿线门背后的屏幕故障售后难题。 消费者供图 今年10月，OPPO官方宣布，对于购机四年内出现屏幕绿线问题的设备，提供免费更换屏幕服务；购机超过四年的用户，也可享受远低于市场价的优惠换 屏政策。 湖南的李贺持有的OPPO Reno6 Pro在四年质保期内两次发生屏幕绿线问题——换了一次屏 ...

Group 1 - Hong Kong stocks opened lower and continued to decline, with the Hang Seng Index and Hang Seng Tech Index falling by 2.38% and 3.21% respectively [1] - The Hong Kong Internet ETF (513770) showed resilience, recovering from early losses and closing down only 0.92% after hitting a low of over 2% [1] - The Hong Kong Internet ETF has seen a net inflow of 54.14 million CNY over the past five days, totaling 4.271 billion CNY in the last 60 days [2][4] Group 2 - Major tech stocks exhibited mixed performance, with Xiaomi Group-W rising nearly 3% at one point, while Tencent Holdings and Kuaishou fell over 1% [4] - Concerns over high valuations in AI and unclear U.S. interest rate outlook contributed to increased market risk aversion [4] - The current price-to-earnings (PE) ratio of the CSI Hong Kong Internet Index is 22.47, significantly lower than the NASDAQ 100 (34.42) and ChiNext Index (39.2) [4][5] Group 3 - Analysts suggest that the Hong Kong tech sector remains undervalued compared to global indices, indicating potential for valuation recovery [5][6] - The core businesses of leading internet companies continue to show strong performance, with AI expected to enhance revenue generation [6] - The Hong Kong Internet ETF (513770) has a market size exceeding 11.2 billion CNY, with an average daily trading volume of over 600 million CNY [7]