Group 1 - Xiaomi Group reported a strong Q3 2025 financial performance with total revenue reaching 113.1 billion RMB, a year-on-year increase of 22.3%, marking the fourth consecutive quarter of exceeding 100 billion RMB [1] - Adjusted net profit for the quarter was 11.3 billion RMB, a significant year-on-year increase of 80.9%, achieving a historical high [1] - The automotive and AI innovation segments showed remarkable growth, with revenue soaring to 29 billion RMB, a year-on-year increase of 199.2%, and achieving operational profit of 700 million RMB for the first time in a single quarter [1] - Research and development investment for the first three quarters totaled 23.5 billion RMB, with a quarterly investment of 9.1 billion RMB, reflecting a year-on-year growth of 52.1% [1] - Morgan Stanley's report highlighted the strong long-term growth potential of Xiaomi's AIoT business as the synergy between smartphones, electric vehicles, and AIoT becomes more apparent [1] Group 2 - As of November 18, Xiaomi Group has seen net buying from southbound funds for 15 consecutive days, with a cumulative net buying amount of 10.66 billion HKD [1] - Guosen Securities indicated that under the dual catalysts of global liquidity easing and the upward cycle of the technology industry, growth styles are expected to become the core configuration theme [1] - The Hong Kong stock growth assets are benefiting from foreign capital inflow and can leverage policy dividends, with significant valuation recovery potential under high growth expectations [1] Group 3 - The Hong Kong Internet ETF (513770) has seen a recent decline due to external market disturbances, with a three-day consecutive net inflow of 23.77 million RMB and a cumulative net inflow of 1.315 billion RMB over the past 20 days [3] - The latest scale of the Hong Kong Internet ETF exceeds 11.3 billion RMB, with an average daily trading volume of over 600 million RMB, indicating good liquidity [5] - The ETF is designed to track the CSI Hong Kong Internet Index, with Xiaomi Group being the third-largest weighted stock at 10.05%, following Alibaba and Tencent [2]