---
title: "March PMI meets expectations; Midea completely clears out Xiaomi | Today's important news review"
description: "0331｜Dolphin Research focuses on: 🐬 Macro/Industry 1. China's official manufacturing PMI for March is 50.5, an increase of 0.3 percentage points from last month, with data generally meeting expectati"
type: "topic"
locale: "en"
url: "https://longbridge.com/en/topics/28488889.md"
published_at: "2025-03-31T08:38:05.000Z"
author: "[Dolphin Research](https://longbridge.com/en/news/dolphin.md)"
---

# March PMI meets expectations; Midea completely clears out Xiaomi | Today's important news review

## 0331｜ **Dolphin Research Key Focus:**

### **🐬 Macro/Industry**

**1.** China's official manufacturing PMI for March is 50.5, an increase of 0.3 percentage points from last month, with data generally meeting expectations, indicating a continued recovery in manufacturing sentiment.

### **🐬 Individual Stocks**

**1.** $Midea Group(000333.SZ)$XIAOMI-W(01810.HK)

Midea's 2024 annual report shows ​both revenue and net profit reached ​record highs, ​alongside announcing a dividend plan of 35 yuan per 10 shares (tax-inclusive), ​totaling 26.7 billion yuan. Midea's stock rose 2.12% today ​against the market trend. Notably, Midea sold approximately 902 million yuan worth of Xiaomi shares in 2024, ​fully exiting its stake.

**2.** $Wolfspeed(WOLF.US)

Last Friday, Wolfspeed's stock price ​plummeted by more than half, closing down ​51%​ and hitting ​a 27-year low. In recent years, Wolfspeed ​has faced slowing demand from automotive customers, ​weighing on profitability. The company appointed a new CEO ​amid deteriorating finances, ​set to take office on May 1. ​Compounded by uncertainty over a debt exchange agreement with creditors and ​potential delays in U.S. CHIPS Act subsidies, the stock ​plunged sharply, ​triggering a trading halt before closing down 51.86%.

### **🐬 Leading Sectors**

**Shanghai and Shenzhen Stocks:** Tobacco, beverages, human resources and employment services;

**Hong Kong Stocks:** Furniture/home/renovation materials retailers, entertainment facilities such as stadiums, data processing and outsourcing services;

**U.S. Stocks:** Water utilities, diversified utilities, gas utilities.

### **🐬 Tomorrow's Focus**

**1.** China's Caixin manufacturing PMI;

**2.** U.S. ISM manufacturing PMI.

Risk disclosure and statement for this article: [Dolphin Research Disclaimer and General Disclosure](https://support.longbridge.global/topics/misc/dolphin-disclaimer)

### Related Stocks

- [000333.CN - Midea Group](https://longbridge.com/en/quote/000333.CN.md)
- [00300.HK - MIDEA GROUP](https://longbridge.com/en/quote/00300.HK.md)
- [81810.HK - XIAOMI-WR](https://longbridge.com/en/quote/81810.HK.md)
- [01810.HK - XIAOMI-W](https://longbridge.com/en/quote/01810.HK.md)
- [HXXD.SG - Xiaomi HK SDR 2to1](https://longbridge.com/en/quote/HXXD.SG.md)
- [XIACY.US - Xiaomi Corporation](https://longbridge.com/en/quote/XIACY.US.md)
- [WOLF.US - Wolfspeed](https://longbridge.com/en/quote/WOLF.US.md)

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.