Group 1 - The core point of the article is that Beijing Xiaomi Mobile Software Co., Ltd. has obtained a patent for "terminal devices, display methods, and apparatus," with the authorization announcement number CN115118837B, and the application date was March 2021 [1] Group 2 - Beijing Xiaomi Mobile Software Co., Ltd. was established in 2012 and is located in Beijing, primarily engaged in software and information technology services [1] - The company has a registered capital of 148.8 million RMB [1] - According to data analysis, the company has invested in 4 enterprises, participated in 150 bidding projects, and holds 5000 patent information, along with 123 administrative licenses [1]

Core Insights - The Indian smartphone market is projected to see a decline in shipments, with approximately 34.5 million units expected in Q4 2025, a 7% year-over-year decrease, and an annual total of 154.2 million units, reflecting a slight 1% decline [1][2] - Vivo maintains its leading position in both quarterly and annual shipments, with a market share of 23% in Q4 and 21% for the year, showing a growth rate of 19% [2][3] - The market is experiencing a shift towards value-driven strategies, influenced by rising component costs, cautious consumer spending, and extended upgrade cycles [1][4] Quarterly Performance - In Q4 2025, Vivo shipped approximately 7.9 million units, capturing 23% of the market share, followed by Samsung with 4.9 million units (14% share) and OPPO with 4.6 million units (13% share) [1] - The overall decline in Q4 shipments is attributed to high channel inventory, currency depreciation, and increased memory costs leading to higher product prices, which have weakened purchasing power [1][2] Annual Performance - For the full year, Vivo's total shipments reached 32.1 million units, securing a 21% market share, while Samsung and OPPO followed with 23 million and 20 million units, respectively [2] - Apple ranked fifth with a market share of approximately 10%, showing the most significant growth among the listed companies at 28% year-over-year [2] Market Dynamics - The fourth quarter is characterized as a period for inventory digestion, with brands like Vivo and OPPO achieving double-digit year-over-year growth due to strong retail execution and effective product management [2][3] - Other leading brands faced challenges, including cautious channel behavior and price adjustments, with Samsung and Xiaomi experiencing sales slowdowns despite targeted promotions [2][3] Future Outlook - The Indian smartphone market is expected to see a mid-single-digit percentage decline in 2026, driven by rising terminal prices and limited incremental value in products [3][4] - Brands are anticipated to shift focus towards value growth strategies in the entry-level market, particularly in the ₹25,000 to ₹60,000 segment, which offers better profit margins [3][4] - The high-end market above ₹60,000 will continue to be dominated by Apple, Samsung, and Vivo, with brands increasingly relying on channel leverage and localized marketing strategies to maintain market stability [4]

人民财讯1月23日电，企查查APP显示，近日，小米汽车科技有限公司申请的"前机舱加强结构、前机舱 和车辆"专利获授权。企查查专利摘要显示，本公开的前机舱加强结构，通过设置吸能区，使得在前机 舱加强结构发生碰撞时，通过吸能区发生变形来吸收碰撞过程产生的能量，从而使得较少的能量传递到 乘员舱，提高具有该前机舱加强结构的车辆的安全性。由此，前机舱加强结构可以采用质量较低、厚度 较薄的材料，降低前机舱加强结构的成本和重量。 ...

Core Insights - Beijing Xiaomi Mobile Software Co., Ltd. has applied for a patent titled "Battery Management Method, Device, Electronic Equipment, Storage Medium, and Program Product," with publication number CN121364409A, and the application date is July 2024 [1] - The patent abstract indicates that the disclosed battery management method includes obtaining the actual battery temperature and load of the electronic device, predicting the battery voltage based on these measurements, and determining the shutdown voltage of the electronic device accordingly. This method aims to reduce premature or abnormal shutdowns caused by unreasonable shutdown voltage, thereby enhancing battery usage experience and endurance [1] Company Overview - Beijing Xiaomi Mobile Software Co., Ltd. was established in 2012 and is located in Beijing, primarily engaged in software and information technology services [1] - The company has a registered capital of 148.8 million RMB [1] - According to data from Tianyancha, the company has invested in 4 enterprises, participated in 150 bidding projects, and holds 5000 patent records, in addition to having 123 administrative licenses [1]

Core Insights - The new generation Xiaomi SU7 has received strong market interest despite a price increase of 14,000 yuan, with over 100,000 orders accumulated since the pre-order began on January 7 [4][5]. Group 1: Market Response - Sales personnel reported significant customer inquiries and order volumes, with one store in a key Beijing shopping area exceeding 400 orders [2][3]. - In addition to Beijing, the new Xiaomi SU7 has also surpassed 100 orders in stores located in Shanghai and Wuhan [3]. Group 2: Production and Delivery Strategy - Xiaomi has shifted to a "current vehicle sales" model for existing SU7 models, ceasing personalized configuration to manage inventory effectively [4]. - The company has prioritized production capacity for the new SU7 to avoid previous delivery issues experienced with the Xiaomi YU7, which had delivery times exceeding one year [4]. Group 3: Marketing and Transparency - Xiaomi has initiated a marketing campaign three months ahead of the new SU7's expected launch in April, with CEO Lei Jun conducting multiple live broadcasts to promote the vehicle [5]. - The company aims to enhance market reputation by adopting transparent marketing practices, clearly stating technical specifications instead of vague descriptions [5]. Group 4: Future Goals and Product Line - Xiaomi has set a delivery target of 550,000 units for 2026, building on a cumulative delivery of 411,800 units in 2025, which exceeded the annual goal by 17% [6]. - The company plans to launch two new models in 2026, including the new generation SU7 and an unannounced YU7 ULTRA [6].

Group 1 - The article discusses various automotive companies' sales targets for 2026, highlighting aggressive and conservative strategies among different brands [2][4] - Xiaomi aims for a sales target of 550,000 vehicles in 2026, representing a 34% increase from last year's 410,000 deliveries, which had already exceeded its initial target of 300,000 [4][6] - BYD sets an ambitious overseas sales target of 1.5 to 1.6 million vehicles for 2026, reflecting over 50% growth compared to its 2025 sales of just over 1 million [8][10] Group 2 - The article notes that BYD's domestic sales have declined from 3.83 million in 2024 to 3.5 million last year, partly due to increased competition from brands like Geely [10][12] - NIO plans for a growth rate of 40-50% annually, building on last year's total sales of 326,000 vehicles, with a focus on upgrading existing models to a new platform [18][21] - Traditional luxury brands like Porsche, BMW, and Mercedes-Benz have faced significant sales declines in China, with Mercedes-Benz selling only 550,000 vehicles last year, a nearly 20% drop [23][28] Group 3 - The article highlights that the Chinese automotive market is becoming increasingly competitive, with domestic brands driving down prices and offering more attractive options for consumers [33][34] - Toyota has seen a rebound in sales, exceeding 1.78 million vehicles last year, and plans to introduce over five new models based on Chinese technology in the coming years [33]

Group 1 - Xiaomi Group announced a share buyback plan not exceeding HKD 2.5 billion, targeting Class B ordinary shares, with all repurchased shares to be canceled [1] - The buyback plan is set to start on January 23, 2026, and will end on the earliest of the day before the 2026 annual general meeting, when the total buyback cost reaches the HKD 2.5 billion cap, or if terminated early [1] - Following the announcement, Xiaomi's stock price rose over 3% at the opening on January 23, closing at HKD 36.02 per share, a 2.21% increase from the previous day, with a total market capitalization of HKD 775.8 billion [1] Group 2 - Since the beginning of 2026, Xiaomi has conducted 13 share buybacks, totaling approximately 60.56 million shares, which is 0.23% of the total share capital, with a cumulative investment of about HKD 2.25 billion, representing 30% of the total buyback amount for 2025 [2] - Xiaomi's co-founder and vice chairman, Lin Bin, announced a long-term plan to sell up to USD 5 billion of Class B ordinary shares annually starting December 2026, with a total cap of USD 20 billion, primarily to establish an investment fund [2] - Xiaomi's core business spans four major sectors: smartphones, AIoT, internet services, and new energy vehicles, establishing the largest consumer-grade AIoT platform globally [2] Group 3 - In the first three quarters of 2025, Xiaomi achieved a revenue of CNY 340.37 billion, a year-on-year increase of 32.49%, and a net profit attributable to shareholders of CNY 35.1 billion, surpassing the total for 2024, with a year-on-year growth of 139.87% [3]

1月23日上午，港股小米集团盘初一度涨超3%。消息面上，小米集团1月22日晚曾在港交所公告称，拟 购回不超过25亿港元的公司B类普通股。购回计划将自1月23日起，持续至2026年股东周年大会前一 日、购回总额达25亿港元或协议提前终止三者中最早发生之日。 ...

Summary of Key Points Core Viewpoint - On January 22, 35 Hong Kong-listed companies conducted share buybacks, totaling 17.519 million shares and an aggregate amount of HKD 3.81 billion [1]. Group 1: Company Buyback Details - Xiaomi Group-W repurchased 5.7138 million shares for HKD 201.73 million, with a highest price of HKD 35.240 and a lowest price of HKD 34.920, bringing its total buyback amount for the year to HKD 22.50 billion [1]. - Sunny Optical Technology repurchased 1.25 million shares for HKD 79.26 million, with a highest price of HKD 63.850 and a lowest price of HKD 62.450, totaling HKD 7.65 billion in buybacks for the year [1]. - Kuaishou-W repurchased 380,000 shares for HKD 29.97 million, with a highest price of HKD 79.150 and a lowest price of HKD 78.550, accumulating HKD 89.88 million in buybacks for the year [1]. Group 2: Buyback Amount Rankings - The highest buyback amount on January 22 was from Xiaomi Group-W at HKD 201.73 million, followed by Sunny Optical Technology at HKD 79.26 million, and Kuaishou-W among the top [1]. - In terms of buyback volume, Xiaomi Group-W led with 5.7138 million shares, followed by Sunny Optical Technology with 1.25 million shares and Guoquan with 1.198 million shares [1]. Group 3: Additional Company Buyback Information - China Resources Gas repurchased 947,600 shares for HKD 20.66 million, with a highest price of HKD 22.000 and a lowest price of HKD 21.560 [1]. - Xiansheng Pharmaceutical repurchased 862,000 shares for HKD 10.04 million, with a highest price of HKD 11.680 and a lowest price of HKD 11.570 [1]. - Geely Automobile repurchased 571,000 shares for HKD 9.49 million, with a highest price of HKD 16.740 and a lowest price of HKD 16.580 [1].

近日，小米汽车官方微博发文，介绍新一代SU7的安全性能："安全永远是基础和前提。新一代SU7全系 标配 2200MPa小米超强钢'内嵌式防滚架'，全系标配 2200MPa小米超强钢车门防撞梁，全系标配 1500MPa防刮底横梁，全系标配电池底部'防弹涂层'，全系标配 9个安全气囊。"1月23日，小米创办人 雷军转发该文并表示，新一代SU7在安全性能上再提升。 责任编辑：王翔 近日，小米汽车官方微博发文，介绍新一代SU7的安全性能："安全永远是基础和前提。新一代SU7全系 标配 2200MPa小米超强钢'内嵌式防滚架'，全系标配 2200MPa小米超强钢车门防撞梁，全系标配 1500MPa防刮底横梁，全系标配电池底部'防弹涂层'，全系标配 9个安全气囊。"1月23日，小米创办人 雷军转发该文并表示，新一代SU7在安全性能上再提升。 责任编辑：王翔 ...