Mei Ri Jing Ji Xin Wen·2025-08-20 02:15Group 1 - The core viewpoint of the news highlights the performance of Xiaomi Group, which reported a revenue of 227.25 billion RMB for the first half of the year, marking a year-on-year growth of 38.2%, and an adjusted net profit of 21.51 billion RMB, up 69.8% year-on-year [1] - In Q2, Xiaomi achieved a revenue of 115.96 billion RMB, reflecting a year-on-year increase of 30.5%, with an adjusted net profit of 10.83 billion RMB, which is a 75.4% year-on-year growth [1] - The Hong Kong stock market indices opened lower, with the Hang Seng Index down 0.61% and the Hang Seng Tech Index down 0.75%, while the performance of individual stocks in the Hang Seng Tech Index ETF was mixed, with only a few companies like Sunny Optical Technology and Xpeng Motors seeing gains [1] Group 2 - Guojin Securities noted that Xiaomi's overall performance in Q2 2025 showed steady progress, with total revenue exceeding 100 billion RMB for three consecutive quarters and adjusted net profit surpassing 10 billion RMB for two consecutive quarters, driven by growth in smartphones, home appliances, and automotive sectors [2] - In Q2, Xiaomi delivered a total of 81,300 new cars, with cumulative deliveries reaching 300,000, generating revenue of 21.3 billion RMB from the automotive segment, which had a gross margin of 26.4%, an increase of 3.2% quarter-on-quarter [2] - The southbound capital flow into Hong Kong has reached nearly 960 billion HKD this year, primarily directed towards AI and new consumption sectors, indicating a trend towards emerging industries and potential for further capital inflow [2]