SIASUN(SZ:300024) Ge Long Hui·2025-09-26 11:45Group 1: Market Activity - Southbound funds net bought Hong Kong stocks worth 10.54 billion HKD on September 26, with notable purchases including Alibaba-W (2.412 billion HKD), Horizon Robotics-W (863 million HKD), Tencent Holdings (792 million HKD), and Xiaomi Group-W (605 million HKD) [1] - Southbound funds have continuously net bought Alibaba for 26 days, totaling 71.79789 billion HKD, and have net bought Tencent for 3 days, totaling 4.55499 billion HKD [3] Group 2: Company Updates - Alibaba announced at its annual shareholder meeting on September 25, 2025, that shareholders approved a general authorization for the board to issue up to 10% of the company's existing ordinary shares and to repurchase up to 10% of the company's ordinary shares [4] - Tencent's "Tencent Mixyuan" announced the release and open-sourcing of new 3D generative models, enhancing practical applications in gaming, printing, and AR/VR [4] - Xiaomi Group's chairman Lei Jun delivered his sixth annual speech, launching the Xiaomi 17 series and other new products, with the Xiaomi 17 starting at 4,499 RMB. Morgan Stanley expects strong sales performance for the Xiaomi 17 series, potentially accelerating Xiaomi's market share growth in the high-end smartphone segment [5] - Li Auto officially launched the Li Auto i6, priced at 249,800 RMB, featuring advanced specifications and a strong sales outlook due to a new vehicle cycle [6] - Xpeng Motors announced its entry into Switzerland, Austria, Hungary, Slovenia, and Croatia, with plans to launch new models in these markets in collaboration with Hedin Group and other partners [6]