$XIAOMI-W(01810.HK) Folks, I have to admit that my Xiaomi investment over the past year was a failure. Yes, it failed on almost every trading day of the year. Looking back now, it's certain that if I had sold out and shorted at any trading day in the past year, I would have made a decent profit by today. Although I'm saying this with the benefit of hindsight, it's undoubtedly correct. What I've said above is the final verdict, it's a fact that has already happened, and I accept it. Alright, so how do I view Xiaomi going forward? Answer: Overall optimistic, in three parts: 1. Smartphones. Apple's AI being excluded from the mainland means that part of the market represents future growth. The smartphone business won't keep falling endlessly; it will rebound due to trade protection. 2. Cars. Autonomous driving is a growth area. As the automotive industry shifts towards the era of autonomous driving, Xiaomi definitely won't be left behind. This part will also see a rebound. 3. AI. In the AI era, it's not about technology, but about capital, computing power, users, and trade protection. In short, within the domestic market, I think Xiaomi is a good target. Xiaomi makes up 15% of my portfolio, which is insignificant. Emotionally, I don't want to admit defeat, just like with a favorite sports team, I'm willing to bet on its win. And it does have a chance to win, that's enough. In the next 6-12 months, Xiaomi will double.