Application Software

Pros

Today’s Key News Recap

NNOX

01810

NVDA

09868

GOOG

GOOGL

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09899

VIPS

SVIX

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UVIX

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SVXY

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81810

XPEV

NTES

1121 | Dolphin Research Focus: 🐬 Macro/Industry 1. Last night's non-farm payroll data was released, presenting a 'split' scenario. On one hand, the number of jobs grew beyond expectations, while on the other hand, the unemployment rate unexpectedly rose to a four-year high, leading to a setback in the Federal Reserve's rate cut expectations. The VIX fear index surged significantly during the day. Meanwhile, after NVIDIA's earnings report, its stock initially surged but quickly retreated, causing tech stocks to collectively decline, with Chinese concept stocks simultaneously falling. Market sentiment spread to Asia-Pacific, and today, both Hong Kong and A-share markets are under pressure...

Nano-X Imaging

XIAOMI-W

NVIDIA

XPENG-W

Alphabet - C

Alphabet

NTES-S

NETEASE MUSIC

Vipshops

-1x Short VIX Futures ETF

Pro Ultr Cvix Shrt Futures

2x Long VIX Futures ETF

Pro Vix Shrt Fut

Pro Shrt Vix Shrt Future

Pro Vix Mid Fut

Xiaomi HK SDR 2to1

Xiaomi Corporation

XIAOMI-WR

XPeng

NetEase

The market is in distress; Xiaomi Rises Courageously｜Today's Important News Review

Xiaomi

Conference Minutes

The following are the minutes of Xiaomi's Q3 2025 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Xiaomi: Without Subsidies, Can Cars Really Hold Up the Front?&#34; 1. $XIAOMI-W(01810.HK) Core Data Review Performance Overview: Total Revenue: Reached RMB 113.1 billion, a year-on-year increase of 22.3%. This marks the fourth consecutive quarter that the group's revenue has exceeded RMB 100 billion. Group Gross Margin: 22.9%, an increase of 2.5 percentage points year-on-year, setting a new historical high. Adjusted Net Profit: RMB 11.3 billion, a year-on-year increase of 81%...

Hudbay Minerals

MediaAlpha

Ameriprise Financial

Xiaomi (Minutes): Rising storage costs have a greater impact on manufacturers with lower ASP.

Financial Analysis

Xiaomi Corporation (1810.HK) released its Q3 2025 financial report (ending September 2025) after the Hong Kong stock market closed on the evening of November 18, 2025, Beijing time. The key points are as follows: 1. Overall performance: $XIAOMI-W(01810.HK) revenue was 113.1 billion, a year-on-year increase of 22.3%. Among this, revenue from traditional businesses (smartphones x AIoT) only grew by 1.6% year-on-year. The growth this quarter was mainly driven by the automotive business. The gross profit margin increased to a relatively high level of 22.9%...

Samsara

Canaan

Xiaomi: With subsidies withdrawn, can the automotive sector truly uphold its reputation?

Apple

AAPL

SIRI

603020

AAPB

AAPD

AAPU

AAPX

AAPY

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The following are the minutes of Apple's FY2025 Q4 earnings call organized by Dolphin Research. For earnings interpretation, please refer to &#34;Apple: iPhone Holds the Center Stage, When Will AI Reveal Its True Form?&#34; 1. Review of $Apple(AAPL.US) Earnings Core Information 1. Cash Situation: Net cash at the end of the quarter was $34 billion. 2. Shareholder Returns: This quarter, $24 billion was returned to shareholders (including $20 billion in stock buybacks and $3.9 billion in dividends). 3. Quarterly Guidance: a. Total revenue is expected to grow by 10% to 12% year-over-year...

Sirius XM

Apple Group

Macerich

Paymentus

GraniteShares 2x Long AAPL Daily ETF

Direxion Daily AAPL Bear 1x Shares

Direxion Daily AAPL Bull 2X Shares

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

AppLovin

C3.AI

NextDecade

Barrick Mining

Grupo Televisa

Apple (Minutes): Increase AI investment, launch new version of Siri next year

GGLS

GGLL

PLUS

FORM

TRUE

Apple (AAPL.O) released its financial results for the fourth quarter of fiscal year 2025 (ending September 2025) after the U.S. stock market closed on the morning of October 31, 2025, Beijing time. The key points are as follows: 1. Overall Performance: This quarter, Apple Inc. achieved revenue of $102.5 billion, an increase of 7.9% year-on-year, which is roughly in line with market expectations ($102 billion). The company's revenue growth this quarter was mainly driven by the growth in iPhone, Mac, and software services businesses. Apple's gross margin was 47.2%, an increase of 1 percentage point year-on-year, better than the market consensus expectation (46.6%)...

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

Plus500 Ltd.

Planet Labs

Formfactor

Truecar

Apple: iPhone maintains its central position, when will AI reveal its true form?

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BYD COMPANY

BOYD Gaming

BYD ELECTRONIC

GEELY AUTO

Desktop Metal

ePlus

BYD Company Limited

BYD COMPANY-R

BYD Company

Geely Auto

GEELY AUTO-R

ServiceNow

BYD HK SDR 10to1

GEELY AUTOMOBILE HOLDINGS LIMITED SPON ADS EACH REP 20 ORD

BYD: Once the King of Competition, Now Being Outcompeted, Can the King of BYD Successfully Break the Deadlock?

Google

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The following are the FY25 Q3 earnings call minutes for Google, compiled by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Google's Dramatic Reversal: From AI 'Sacrifice' to AI 'Trendsetter'.&#34; 1. Review of Core Financial Data 1.1 Consolidated Performance Revenue: $102.3 billion, up 16% year-over-year (15% growth at constant currency). 2. Total Revenue Costs: $41.4 billion, up 13%. 3. Technology Costs: $14.9 billion, up 8%. 4. Other Revenue Costs: $26.5 billion, up 16%, primarily due to increased YouTube content procurement costs...

HCA Healthcare

TENCENT

Nanoco Group PLC

Tencent Holdings Limited

Tencent

TENCENT-R

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Agilent Tech

Tencent HK SDR 10to1

Google (Minutes): We are the only full-stack AI cloud platform

CATL

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02015

TSLA

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The following are the Minutes of the 3Q25 earnings call of CATL organized by Dolphin Research. For the earnings interpretation, please refer to &#34;Full Capacity Expansion! Has the King of Ning Finally Made It?&#34; 1. Review of Core Financial Information 2. Detailed Content of the Earnings Call 2.1 Management Statements 1. Domestic Capacity: Jining, Shandong (only Jining base...)

SINOPEC CORP

JD-SW

Sinopec Corp.

JD-SWR

JD.com

LEAPMOTOR

NIO-SW

LI AUTO-W

ZEEKR Intelligent Tech

Tesla

NIO Inc. USD OV

Li Auto

JD HK SDR 10to1

CATL HK SDR 30to1

CATL (Minutes): Demand is strong, profitability does not rely on price increases

PROS Holding Plans to Merge with Portofino Parent, LLC

PROS Holding to Hold Special Shareholders' Meeting to Review Merger Proposal with Thoma Bravo

Pros released FY2025 Q3 earnings on October 27 (EST), actual revenue USD 91.68 M (forecast USD 91.08 M), actual EPS USD -0.09 (forecast USD -0.0533)

Pros released FY2025 9 Months Earnings on October 27 (EST), actual revenue USD 175.04 M, actual EPS USD -0.1804

PROS Launches AI-Powered Price Optimization & Management Solution in SAP Store

Conga Platform Incorporates PROS Pricing Science and Analytics

Pros released FY2025 Q2 earnings on July 31 After-Market (EST), actual revenue USD 0 (forecast USD 87.66 M), actual EPS USD 0 (forecast USD -0.1798)

Pros released FY2025 Semi-Annual earnings on July 31 After-Market EST, actual revenue USD 175.04 M, actual EPS USD -0.1557

Pros Holdings Reports Exceeding EPS but Reports Loss

PROS Holding Partners with Commerce for Strategic B2B Digital Commerce Alliance

Pros to Release FY2025 Q2 Earnings on July 31 After-Market (EST), Forecast Revenue USD 87.67 M, EPS USD -0.1798

Stephens Investment Management Group Reduces Stake in PROS Holdings

PROS Holdings to Report Q2 2025 Earnings

PROS Holdings Named Leader in ISG CPQ Buyer's Guide

PROS Holdings Amends Credit Agreement to Issue $235 Million Convertible Senior Notes

Baird downgraded Pros Holdings to neutral

PROS Holdings Reiterates Q2 Financial Guidance