$XIAOMI-W(01810.HK)Xiaomi has recently achieved consecutive breakthroughs in the field of robotics technology, while continuously increasing its investment in AI R&D across all domains, accelerating the implementation of technological achievements. From a single smartphone hardware manufacturer to building a full-stack technology ecosystem with synergistic development in AI, robotics, smart cars, and high-end manufacturing, Xiaomi is undergoing a strategic transformation from a mobile phone company to a global technology enterprise. This is not only an important node in technological iteration but also a key milestone in the long-term value reassessment of the company.