Market Overview - Southbound funds traded approximately HKD 138.285 billion today, a significant increase of about HKD 21.8 billion compared to the previous day, accounting for 39.75% of the total turnover of the Hang Seng Index, which has been below 40% for several consecutive days [2] - Despite the Hong Kong stock market accelerating downward, southbound funds saw a net inflow of approximately HKD 1.907 billion, with the Shanghai-Hong Kong Stock Connect recording a net inflow of about HKD 2.738 billion, while the Shenzhen-Hong Kong Stock Connect experienced a net outflow of approximately HKD 0.83 billion [2] Individual Stock Performance - Tencent Holdings (0700.HK) saw a significant net buy of HKD 1.304 billion, while its stock price fell by 1.24% [2][3] - Xiaomi Group-W (01810.HK) had a net buy of HKD 0.278 billion, with a stock price decline of 1.24% [2][3] - Huahong Semiconductor (01347.HK) experienced a net outflow of HKD 0.615 billion and a sharp decline of 11.24% [2][4] - Zijin Mining (02899.HK) had a net outflow of HKD 0.464 billion, with a stock price drop of 5.58% [2][4] - CSPC Pharmaceutical Group (01093.HK) saw a net outflow of HKD 0.393 billion and a decline of 4.69% [2][4] - Alibaba-W (09988.HK) experienced a net outflow of HKD 0.329 billion, with a stock price decrease of 3.49% [2][4] - SMIC (00981.HK) had a net outflow of HKD 0.162 billion, with a decline of 4.24% [2][4] Trading Activity - In the top ten active stocks on the Hong Kong Stock Connect (Shanghai), Alibaba-W had a net outflow of HKD 0.816 billion, while Tencent Holdings had a net inflow of HKD 0.880 billion [5] - On the Shenzhen Stock Connect, Alibaba-W recorded a net inflow of HKD 0.488 billion, while Huahong Semiconductor had a significant net outflow of HKD 0.554 billion [5]

Summary of Key Points Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound capital, with a total net buy of HKD 19.07 billion on February 2, 2023, indicating strong investor interest in certain stocks while others faced net sell-offs [1]. Group 1: Northbound Capital Activity - Northbound capital recorded a net buy of HKD 27.38 billion through the Shanghai Stock Connect and a net sell of HKD 8.3 billion through the Shenzhen Stock Connect [1]. - The most bought stocks included Tencent (00700), Xiaomi Group-W (01810), and China Life (02628) [1]. - The most sold stocks were Hua Hong Semiconductor (01347), Zijin Mining (02899), and CSPC Pharmaceutical Group (01093) [1]. Group 2: Individual Stock Performance - Alibaba-W (09988) had a net sell of HKD 3.28 billion, with plans to invest HKD 30 billion in a "Spring Festival Treat Plan" [6][7]. - Tencent (00700) saw a net buy of HKD 13.03 billion, boosted by the launch of its "Yuanbao" Spring Festival red envelope activity, which is expected to increase downloads and user engagement [4]. - China Life (02628) received a net buy of HKD 1.87 billion, supported by positive forecasts for its individual insurance sales [5]. - Hua Hong Semiconductor (01347) faced a net sell of HKD 6.15 billion, amid tightening order reviews from major chip manufacturers [6]. - Zijin Mining (02899) experienced a net sell of HKD 4.64 billion, as it announced plans to issue USD 1.5 billion zero-coupon convertible bonds for project financing [7].

Group 1 - Southbound funds recorded a net purchase of approximately 19.07 billion HKD today [1] - Tencent Holdings received the highest net purchase of about 13.04 billion HKD [1] - Xiaomi Group-W also saw a net purchase of approximately 2.78 billion HKD [1] Group 2 - Hua Hong Semiconductor experienced a net sell-off of 6.15 billion HKD [1]

在小米汽车公布了1月份交付量超39000台后，外界普遍将这一数字与小米去年12月超5万台的交付量进行对比，并得出"小米汽车交付量下 滑"的结论。 对此，小米集团创始人、董事长兼CEO雷军在2月1日的直播中作出了回应。在雷军看来，"这种对比太不客观"。 图片来源：雷军直播 智通财经记者 | 宋佳楠 图片来源：雷军直播 尽管小米汽车在过去一年交出了不错的成绩单，但围绕小米SU7保值率的争议不断。谈及"小米汽车二手车崩盘"一事，雷军在直播中也进行了 回应。 雷军指出，根据中国汽车流通协会和"精真估"联合发布的《2025年度中国汽车保值率报告》，小米SU7一年保值率为86%，位列2025年度纯电 动车型一年保值率第一名。相比之下，2023年榜首是保时捷Taycan（80.66%），2024年榜首是特斯拉 Model X（81.72%）。 "有时候个别车商为了蹭流量，在那里又哭又闹的，见到这样的视频，欢迎大家帮我们举报一下。"雷军强调，小米汽车近几年的产品年度保值 率表现都很出色。 此外，雷军还披露了新一代SU7的上市节奏，称上市前的研发测试工作已完成。预计2月13日开始，新一代SU7展车陆续在北京、上海、深 圳、广州 ...

Group 1 - The core point of the article highlights the opening of Xiaomi's largest national delivery center in Shenzhen, which is supported by Prologis, showcasing their long-term partnership since 2012 [1] - Prologis has been instrumental in supporting Xiaomi's expansion into various sectors, including 3C, home appliances, automotive parts, and vehicle delivery, reflecting Xiaomi's growth from consumer electronics to new energy vehicles [1] - The new delivery center was established in less than five months, demonstrating Prologis's effective collaboration in space adaptation, engineering coordination, and on-site operations [1] Group 2 - Prologis has a strong presence in the Chinese market, with logistics, warehousing, and manufacturing R&D infrastructure covering over 70 cities and regions, and an operational area exceeding 40 million square meters [2] - The company serves more than 2,500 clients, indicating its significant role in the logistics and supply chain sector in China [2]

Group 1 - The event "Mi Fan New Year’s Eve" will take place on February 8, 2026, at Xiaomi Technology Park in Beijing, marking an important annual gathering for Xiaomi's core users [1][3] - This year's event is expected to unveil significant new products, including the second model of Xiaomi's electric vehicle and the official version of the Surge OS 3.0, coinciding with the one-year anniversary of Xiaomi's automotive launch [3][5] - The timing of the event aligns with the festive atmosphere of the Lunar New Year, indicating Xiaomi's strategic planning for the upcoming year and emphasizing user engagement through direct interaction with executives [5][8] Group 2 - The event serves as a critical opportunity for fans to connect and gain early access to information, with many expressing eagerness to participate and receive exclusive gifts [8] - For the industry, the significance of the event lies in Xiaomi's efforts to strengthen user loyalty and its commitment to expanding in the automotive and IoT sectors in 2026 [8]

随后，雷军坦言歉意，并公开表示："抱歉。所以我们这一场直播是费用很高很高的，就是我们这些试 验室都停下来给大家展示的话，我们李毅博士可是很心疼的。但是我就跟他讲，我就说呢，今天我们小 米进到汽车市场以后，我们有责任给大家科普一下车是怎么做出来的。" 值得一提的是，此次直播也引发网友细心观察，试验室内部原本悬挂 "禁止拍照、禁止摄像" 的保密标 识十分醒目。 2月2日一早，雷军专门发文对此作出回应：试验室在测试新的项目时，禁止拍照、录像等。这次直播， 这些试验室暂停了新车型测试任务，用SU7/YU7量产车演示，就取消了保密要求。 快科技2月2日消息，2月1日晚间，小米创办人、董事长兼CEO雷军现身小米汽车在北京亦庄试验室，开 启专场直播活动。 直播中，雷军谈及："所以汽车这些试验室，只要一开始测试的话，都是工作量非常繁重的。" 此外，他还发文表示：这次直播，我请了陈赛虎(试验验证部总经理)、李毅博士(试验室负责人)助播， 大家觉得这两位专家讲得如何？ 他现场向一同助播的小米汽车试验室负责人李毅博士询问："我们为了给大家展示这一次的话，其实是 让他们的工作都有些耽误的是吧？"李毅博士回答道："说实话是的。" 随后 ...

据胡峥楠发布的图片来看，此次亮相的实车为4台 SUV，其中可能包含小米首款增程SUV小米YU9。据 悉该车或将配备80度电池，纯电续航有望超过400km。 2月2日上午，顺为资本投资合伙人胡峥楠在微博发文称，今天从漠河到黑河，七百多公里，零下二十五 度，穿越大小兴安岭，帮大家好好试一下都在等着的车。 2月2日上午，顺为资本投资合伙人胡峥楠在微博发文称，今天从漠河到黑河，七百多公里，零下二十五 度，穿越大小兴安岭，帮大家好好试一下都在等着的车。 据胡峥楠发布的图片来看，此次亮相的实车为4台 SUV，其中可能包含小米首款增程SUV小米YU9。据 悉该车或将配备80度电池，纯电续航有望超过400km。 小米集团副总裁、采购委员会主席、资产与工程管理部总经理张剑慧也在微博透露了新车进展，称参加 新车高寒测试，今天有一段路，会贴着国境线走。 随后，#小米高管疑似爆料YU9#话题登上微博热搜，引发网友热议。 责任编辑：王翔 小米集团副总裁、采购委员会主席、资产与工程管理部总经理张剑慧也在微博透露了新车进展，称参加 新车高寒测试，今天有一段路，会贴着国境线走。 随后，#小米高管疑似爆料YU9#话题登上微博热搜，引发网友热议 ...

Group 1 - The core viewpoint of the article highlights a significant decline in the sales of traditional large-screen televisions and projectors in China, indicating a shift in consumer preferences towards smaller screens and alternative entertainment formats [1][2][3][4][6][12] - In 2025, the domestic color TV market is projected to see a shipment volume of 32.895 million units, a year-on-year decline of 8.5%, marking the lowest level in nearly 16 years [1][3] - The projector market is also facing challenges, with an expected total sales volume of 5.203 million units in 2025, down 13.9% year-on-year, and a sales revenue of 8.36 billion yuan, a decrease of 16.5% [2][6] Group 2 - Domestic brands such as Hisense, TCL, Xiaomi, and Skyworth dominate the TV market, accounting for 77.8% of the market share, despite a 9.2% year-on-year decline in their combined shipment volume [3][4] - Foreign brands like Samsung, Sony, Philips, and Sharp have seen their combined shipment volume drop below 1 million units in 2025, leading to strategic shifts such as Panasonic's plan to sell its TV business [4][5] - The market concentration remains high, with the top 10 manufacturers accounting for 66.5% of total sales revenue, indicating that smaller brands may struggle to survive in the shrinking market [7] Group 3 - The rise of micro-short dramas and short videos has shifted consumer entertainment preferences, with the micro-short drama market expected to reach a value of 100 billion yuan in 2025, nearly double that of the national film box office [8][9][10] - The "girlfriend machine," a new category of mobile smart screens, has shown significant growth, with a 45.4% year-on-year increase in sales volume in the first half of 2025, suggesting a potential threat to traditional TVs and projectors [11][12] Group 4 - Predictions for 2026 indicate continued declines in both the TV and projector markets, with TV shipments expected to drop to 30.12 million units, a decrease of 8.4% year-on-year [13][14] - The upcoming 2026 World Cup may provide a temporary boost to large-screen usage, as past events have shown significant marketing success for Chinese brands [14][15] - Chinese TV brands are gaining ground in international markets, with a combined global market share of 31.3% for TCL, Hisense, and Xiaomi, surpassing South Korean competitors [16]

参考今日早些时候报道，此次亮相的实车为4台身披伪装的SUV，从车身轮廓来看，预计为多款不同车 型，其中有望包含小米首款增程SUV，有望为小米YU9。消息称该车或将配备80度电池，纯电续航有望 超过400km。 据了解，雷军在2月1日晚的直播时提到，小米汽车在吐鲁番（高温）、黑河（高寒）、昆仑山（高 原）、海南（高温/高湿）4大极端环境开展测试；此外，还有安徽广德、江苏盐城2个整车综合试验 场。当前，小米汽车测试相关团队人数已经超过800人。 今日早间，顺为资本投资合伙人胡峥楠也在微博晒出了一组伪装测试车的实车图，称是"都在等着的 车"。 凤凰网科技讯 2月2日，小米集团副总裁、采购委员会主席、资产与工程管理部总经理张剑慧发文透露 公司新车进展，称参加新车高寒测试，今天有一段路，会贴着国境线走。其分享的图片展示了汽车动态 情况，可以看到小蓝灯点亮上车。 ...