---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42190952.md"
description: "Copying/$XIAOMI-W(01810.HK) distilling$KNOWLEDGE ATLAS(02513.HK)$MINIMAX-W(00100.HK) isn't just limited to this one Chinese concept stock, it's a common issue. Relying on a relatively closed market, the financial indicators are still passable, it's really not necessary to end up with a valuation that only accounts for the e-commerce part $PDD(PDD.US), proving once again that current financial statements are useless; you have to look forward."
datetime: "2026-06-25T13:26:00.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42190952.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42190952.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42190952.md)
author: "[罗莱夏朵](https://longbridge.com/en/profiles/14860395.md)"
---

# Copying/$XIAOMI-W(01810.HK) distilling$KNOWLEDGE A…


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