Technology Hardware, Storage and Peripherals

XIAOMI-WR

Today’s Key News Recap

01211

BYDDF

002594

81211

BYDDY

01810

81810

HXXD

XIACY

HYDD

NVDA

LKNCY

CRCL

1217 | Dolphin Research Watchlist. 🐬 Stock 1: $XIAOMI-W(01810.HK)On Dec 17, Xiaomi partner and Group President Lu Weibing said at the 2025 Xiaomi 'Human-Car-Home' ecosystem partner conference that the company will invest RMB 200 bn in R&amp;D over the next five years. It expects to spend approx. RMB 40 bn in 2026.Funds will target consumer electronics, smart EVs, on-device AI, and upstream smart manufacturing. This supports its 'Human-Car-Home' strategy and ambition to be a global hard-tech leader...

BYD COMPANY

BYD Company Limited

BYD COMPANY-R

BYD Company

XIAOMI-W

Xiaomi HK SDR 2to1

Xiaomi Corporation

BYD HK SDR 10to1

NVIDIA

Luckin Coffee

Circle

BOYD Gaming

Xiaomi commits RMB 200 bn to R&D; BYD ramps up internal testing for L3 mass production | Daily News Recap

Alibaba

LEADING IDEAL

02015

GOOG

GOOGL

GGLS

GGLL

AMZN

HUAWEI

09988

BYTED

89988

BABA

AMZU

KBAB

HBBD

AI glasses are regarded as the 'next-generation personal mobile gateway' and are also the most likely mobile terminal to challenge smartphones.

LI AUTO-W

Alphabet - C

Alphabet

Meta Platforms

Li Auto

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

Amazon

Huawei

BABA-W

C3.AI

ByteDance

BABA-WR

Direxion Daily AMZN Bull 2X Shares

KraneShares 2x Long BABA Daily ETF

Alibaba HK SDR 5to1

Alibaba, ByteDance, and Li Auto are rushing into the market; are AI glasses becoming the 'next big thing'? (Minutes)

Meituan

Conference Minutes

03690

SHEN

HMTD

83690

MPNGY

BABO

BABX

The following are the Minutes of the FY25 Q3 earnings call for $MEITUAN(03690.HK) organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Meituan: A Loss of Nearly 20 Billion! Did Alibaba Really Succeed in Stealing the House This Time?&#34; 1. Review of Core Financial Data Performance Overview: Total Revenue: 95.5 billion yuan (YoY +2%). Profitability: Operating cost rate 73.6% (YoY +12.9pts), mainly due to rider incentives and rising overseas costs; adjusted net loss of 16 billion yuan, affected by irrational industry competition and strategic investments...

MEITUAN

SHENANDOAH TELE

Meituan HK SDR 5to1

Ps India Port

Haoxi Health Tech

First Trust Global Wind Energy

MEITUAN-WR

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Meituan (Minutes): 3Q loss peaks, but 4Q will continue the loss trend

09866

ONVO

VIVS

09863

09868

TSLA

XPEV

Confident in achieving quarterly breakeven in the fourth quarter

NIO-SW

NIO Inc. USD OV

North American Energy Par

Organovo

VivoSim Labs

LEAPMOTOR

XPENG-W

ZEEKR Intelligent Tech

Tesla

Quanex Building Products

XPeng

Nio (3Q25 Minutes): Expects 20% vehicle gross margin in 2026, achieving full-year Non-GAAP profitability

HSAI

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

02525

1125 | Dolphin Research Focus: 🐬 Stock 1, $Alphabet(GOOGL.US) It is reported that Meta is negotiating with Google to use TPU chips worth billions of dollars in its data centers by 2027, and plans to rent chips from Google Cloud next year. Although TPUs are not as flexible as NVIDIA GPUs, they have lower development costs and consume less power when running at full capacity. If TPUs are successfully supplied externally, it marks intensified competition in the AI chip market, potentially impacting NVIDIA's market share and pricing power. For Google...

Hesai

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

HESAI-W

Google's TPU Sales Challenge Nvidia Dominance; Xiaomi Rallies on Lei Jun's Stake Boost. ｜Today's Important News Review

SVXY

TECH

SVIX

UVXY

UVIX

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...

Pro Shrt Vix Shrt Future

Mirae Asset Global Investments Co., Ltd.

Bio-Techne

AMTD Digital

-1x Short VIX Futures ETF

Pro Ultr Cvix Shrt Futures

2x Long VIX Futures ETF

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

Baidu

09888

K3SD

89888

BIDU

00700

MAAS

HBUD

80700

HTCD

TCEHY

TCTZF

以下为海豚君整理的 $Baidu(BIDU.US) 2025 财年第三季度财报电话会议纪要， $BIDU-SW(09888.HK) 财报解读请移步《 百度，猛贴 AI 讲故事，真能救活自己吗？》一、财报核心信息回顾 1. $BIDU-SWR(89888.HK) AI 收入占比已达 40%：三季度，直接与 AI 相关的收入实现近 100 亿，这已达到总营收的 40%...

BIDU-SW

BIDU ADR US

BIDU-SWR

TENCENT

Maase 

Baidu HK SDR 10to1

TENCENT-R

Tencent HK SDR 10to1

Tencent

Tencent Holdings Limited

Baidu (Minutes): AI native marketing is the future second curve

Financial Analysis

$Baidu(BIDU.US) released its Q3 results after Hong Kong market hours on 18 November 2025. Overall, the performance met expectations. The detailed disclosure of AI revenue demonstrates the company's eagerness to shed its traditional label and fully embrace its new AI narrative. Specifically (focusing solely on Baidu's core operations): 1. AI revenue contribution reaches 40%: During Q3, revenue directly attributable to AI activities amounted to nearly RMB10 billion, constituting 40% of total revenue...

Agora

Can the new Baidu, aspiring to AI, successfully shed its old advertising label?

Xiaomi

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

Pros

Ameriprise Financial

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

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%...

Invesco Water Res

Samsara

Canaan

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

Xiaomi Grants Over 100 Million Yuan in Subsidies to Car Fusion Stores

Xiaomi Announces Mi 17 Ultra Launch Event on December 25

Xiaomi Group-W repurchased 3.75 million shares for HKD 149 million

Guojin Securities Releases Report, Optimistic About Xiaomi's "AI + Human-Car-Home Ecosystem" Value Restructuring

Xiaomi Announces Watch 5 and Buds 6 Earphones to Launch on December 25

US lawmakers urge Pentagon to add Xiaomi and other companies to a list of entities allegedly linked to the Chinese military

Lotto Technology: Xiaomi's online sales of gaming monitors in China increased by 110% year-on-year in November, the highest growth rate

Zhitong Finance Statistics: Southbound capital recorded a net inflow into Xiaomi Group on December 22

Xiaomi plans to launch a new extended-range SUV codenamed "Kunlun" in 2026

Rumors suggest the facelifted Xiaomi SU7 will be launched in the second quarter of 2026 with a potential price increase

Xiaomi 16 Ultra rumored to be launched in early 2026

Xiaomi Auto obtains L3 autonomous driving road test license in Beijing

Xiaomi and other mobile phone manufacturers enter the short-drama market

Analysts predict a decline in Xiaomi's 2026 smartphone sales, Jefferies downgrades rating

Securities Times reports that Southbound funds net-bought large technology stocks, including Xiaomi, this week (December 15-19).

Xiaomi to Launch Flagship Xiaomi 17 Ultra Smartphone Next Week

Lu Weibing Reveals in Live Stream that Xiaomi 17 Ultra Will See Price Hike

Xiaomi YU7 Receives Five-Star Healthy Car Title from China Automotive Health Index

Xiaomi Named Best Mobile Brand in Bangladesh for Second Consecutive Year

Xiaomi plans to close over a thousand stores, shifting strategy to high-margin products and electric vehicles

GP LOGISTICS

MODERN LIVING