---
title: "March PMI meets expectations; Midea completely clears out Xiaomi | Today's important news review"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/28488889.md"
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 expectations, indicating a continued recovery in manufacturing prosperity. 🐬 Individual stocks 1. $Midea Group(000333.SZ) $XIAOMI-W(01810.HK) Midea's 2024 annual report shows record highs in both revenue and net profit, while announcing a dividend plan of 35 yuan (including tax) per 10 shares, totaling up to 26.7 billion yuan. Midea's stock rose 2.12% today against the trend. Meanwhile, it is worth noting that..."
datetime: "2025-03-31T08:38:05.000Z"
locales:
  - [en](https://longbridge.com/en/topics/28488889.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/28488889.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/28488889.md)
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](https://longbridge.com/en/quote/000333.CN.md)
- [00300.HK](https://longbridge.com/en/quote/00300.HK.md)
- [81810.HK](https://longbridge.com/en/quote/81810.HK.md)
- [XIACY.US](https://longbridge.com/en/quote/XIACY.US.md)
- [01810.HK](https://longbridge.com/en/quote/01810.HK.md)
- [HXXD.SG](https://longbridge.com/en/quote/HXXD.SG.md)
- [WOLF.US](https://longbridge.com/en/quote/WOLF.US.md)

## Comments (15)

- **木支 · 2025-04-03T12:02:28.000Z**: @海豚投研 Hello Dolphin Research! I'd like to ask, what do you think is a reasonable valuation for Xiaomi at this point? I've seen the chart you posted earlier, which showed valuations under various optimal conditions. After this car accident incident, what risk factors and subsequent chain reac
- **SSerpens · 2025-04-01T01:03:18.000Z**: Selling competitors' stocks, is it hard to understand? And selling at the bottom, Midea's operators still have room for improvement.
- **tudou · 2025-03-31T13:53:59.000Z**: You cleared your positions in 2024 and now you're still emphasizing short selling? Got nothing else to say?
- **Love_e86 · 2025-03-31T08:46:39.000Z**: It turns out that when the US stock market crashes, the A-share market also crashes! The US will always be your daddy!
  - **Mr Ray** (2025-04-01T01:51:13.000Z): Go lick your daddy's asshole
- **风月明 · 2025-03-31T08:44:58.000Z**: Why did you liquidate your position? Is it because you are not optimistic about it?
  - **小狗画梅花** (2025-03-31T08:58:17.000Z): They cleared their position at the end of 2024, sold everything at 20 bucks, and missed out on all the gains.
  - **Dolphin Research** (2025-03-31T08:58:33.000Z): Take profits, after all, the stock price is so high now.
  - **顺创投资** (2025-03-31T09:43:34.000Z): Yunnan Baiyao cleared its position in Xiaomi at the bottom, suffering heavy losses. Don't blindly trust the investment vision of enterprises.
- **Mz HK · 2025-03-31T08:43:15.000Z**: 2024 clearance sale
- **新用户_GO6P2Eb · 2025-03-31T08:41:38.000Z**: nb