XIAOMI(HK:01810) Mei Ri Jing Ji Xin Wen·2025-11-25 02:41Group 1 - The Hong Kong stock market continues its upward trend, with the Hang Seng Index rising by 232.40 points, or 0.90%, reaching 25,948.90 points as of the report [1] - Xiaomi Group's founder Lei Jun purchased a total of 2.6 million Class B ordinary shares at an average price of approximately 38.58 HKD per share, totaling over 100 million HKD [3] - Xiaomi's stock price has rebounded, opening up 2.95% after a significant decline from a high of 59.9 HKD to a low of 36.62 HKD, representing a cumulative drop of 38% [5] Group 2 - Citic Securities reported that Xiaomi's smart electric vehicle and AI innovation business generated approximately 29 billion RMB in revenue for Q3 2025, a year-on-year increase of over 199%, with electric vehicle revenue around 28.3 billion RMB and a quarterly operating profit of 700 million RMB [7] - The report indicates that the Chinese electric vehicle industry is entering a critical phase of consolidation, with profitability becoming a core competitive factor [7] - Analysts maintain a positive outlook on Xiaomi's high-end product strategy, AI technology development, and ongoing automotive business growth, sustaining a buy rating [7] Group 3 - The Hang Seng Technology Index rose by 79.05 points, or 1.43%, reaching 5,624.61 points [4] - Other tech stocks also saw gains, with Baidu and Alibaba rising over 3%, and NIO increasing over 2% [7] - HSBC believes that the current valuation of Hong Kong stocks has already factored in a lot of pessimistic expectations, suggesting that any better-than-expected economic data or policy support could trigger a rapid market rebound [9]