炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：DoNews 雷军直播回应争议：澄清营销标签、续航误解及多项质疑 1月7日，雷军在直播中回应了近日小米与"万能的大熊"合作引发的争议以及外界针对其个人和公司的多 方面质疑。 雷军表示，此次对相关KOL的处罚是经过认真调查和管理层慎重商量后的决定。事件起因并非该KOL 批评小米或得罪米粉，而是因其长期攻击贬低小米用户，甚至诅咒小米用户，这是公司不能容忍的行 为。雷军强调，保护用户是企业的底线，必须坚定维护用户和车主利益，绝不与诋毁用户的KOL合 作。 同时，雷军承认公关部在处理过程中存在不足，公司已决定对其进行批评和处罚。他指出，公关部在过 去八九个月持续承受高烈度负面舆情压力，工作出现变形，希望米粉理解并给予改过机会，共同维护理 性舆论环境。 针对"雷军曾称不做投放"的说法，小米集团公关部总经理徐洁云回应称，十多年前小米创业初期确实依 靠工程师在社区和微博直接沟通，没有专门市场或公关团队。如今公司规模从初创发展至拥有七八万名 员工，业务复杂度大幅提升，已逐步建立市场营销体系，做法需结合当前实际情况看待，不可简单对比 过去。 对于被 ...

Core Viewpoint - The Hong Kong stock market experienced significant net inflows from northbound trading, with a total net buy of HKD 42.86 billion on November 12, 2023, indicating strong investor interest in certain stocks while others faced notable sell-offs [1]. Group 1: Net Buying and Selling Activities - The top net bought stocks included Xiaomi Group-W (01810), Xpeng Motors-W (09868), and Pop Mart (09992) [1]. - The stocks with the highest net selling included Alibaba-W (09988), Hua Hong Semiconductor (01347), and SMIC (00981) [1]. - Xiaomi Group-W saw a net buy of HKD 15.91 billion, attributed to positive reports on its manufacturing capabilities [4]. - Xpeng Motors-W received a net buy of HKD 7.17 billion, with an upgraded target price reflecting growth potential from new product launches [5]. - Pop Mart (09992) had a net buy of HKD 6.3 billion, supported by optimistic growth forecasts from analysts [5]. Group 2: Individual Stock Performance - Alibaba-W faced a net sell of HKD 34.33 billion, with concerns over its advertising and investment returns amid rising CAPEX [7]. - SMIC and Hua Hong Semiconductor experienced net sells of HKD 4.27 billion and HKD 9.84 billion, respectively, with analysts adjusting their ratings based on profit forecasts [7]. - China Life (02628) and Tencent (00700) recorded net buys of HKD 3.03 billion and HKD 1.57 billion, respectively, indicating continued investor confidence in these companies [7]. Group 3: Market Context and Analyst Insights - Analysts from Goldman Sachs and Morgan Stanley provided positive outlooks for Xiaomi and Xpeng, respectively, highlighting their operational improvements and growth strategies [4][5]. - The geopolitical situation in South America and OPEC+ decisions are influencing oil prices, which may impact companies like CNOOC (00883) that saw a net buy of HKD 4.11 billion [5]. - The solar industry remains under scrutiny, with recent statements from industry associations aiming to dispel negative rumors affecting companies like GCL-Poly Energy (03800) [6].