CIXIAMI@EP2607A.P (22857) News

Chart Preview | Earnings Season Begins for Chinese Tech Stocks! Tencent and JD.com Report First, Facing Dual Challenges of AI and Profitability

In August, with earnings releases from major tech and internet giants such as Tencent, JD.com, Alibaba, and Meituan, market focus on China’s internet leaders has shifted from whether they would continue facing headwinds to whether they could further validate a recovery in profitability. Institutions expect further divergence in performance among large internet platforms, with AI revenue growth, profit margins, and capital expenditures emerging as key focal points.

Futu NewsAug 7 18:10

Xiaomi Group-W (1810.HK): Q2 2026 Earnings Preview – Marginal Easing of Memory-Related Pressures; Watch for Catalyst from Pengcheng's New Vehicle Launch

Key View: In the short term, the pace of global memory price increases is gradually slowing, leading to a marginal easing of cost pressures on memory. On the smartphone side, continued implementation of price hikes and product mix optimization has driven ASP to a new阶段性 high, maintaining a degree of resilience in smartphone gross margins. On the automotive side,

CITIC SecuritiesAug 7 20:57

Market Snapshot | All three major indices rose, with the Hang Seng Tech Index up 0.78%; large-model-related stocks performed strongly, Zhipu AI surged nearly 15%, and MINIMAX gained almost 10%; PCB-related stocks advanced, with T.T. Board Holdings rising

Technology and internet stocks declined across the board, with SenseTime Group down 3.95% and NetEase up 1.08%; pharmaceutical stocks rose collectively, led by Pharmaron advancing 12.07% and Insilico Medicine up 10.88%; semiconductor stocks gained, with GigaDevice rising 6.80% and Tianshu Zhixin up 6.31%;

Futu NewsAug 7 16:25

August 6 Buyback Roundup | Xiaomi Group-W, Yum China, and others announced share repurchases, with Xiaomi Group-W spending HK$49.9504 million

According to a filing disclosed by the Hong Kong Exchange on August 7, Xiaomi Group-W (01810.HK), Yum China (09987.HK), and others repurchased shares. ① Xiaomi Group-W (01810.HK) repurchased 1.862 million shares of weighted voting rights shares on August 6, for a total amount of HK$49.9504 million, at prices ranging from HK$26.76 to HK$26.88 per share. Since the adoption of the share repurchase mandate, the cumulative number of securities repurchased has reached 96.3774 million shares, representing 0.37% of the issued shares outstanding as of the date the ordinary resolution was passed. ② Yum China

Futu NewsAug 7 09:30

ByteDance is reportedly planning to train a large AI model with over 5 trillion parameters.

Chinese media, citing sources, reported that ByteDance is currently discussing the development of a model with over 5 trillion parameters—surpassing Alibaba’s Qwen 3.8-Max (2.4 trillion parameters) and Moonshot AI’s K3 (2.8 trillion parameters)—making it the largest-parameter model known to date in China. The plan remains in its early stages, and the model may not ultimately be released. It is understood that the new model will be led by Xiang Liang, head of Seed Foundation, in collaboration with Shen Ke, who oversees pre-training data for large language models. To this end, Seed is currently reorganizing its structure, clarifying responsibilities, and allocating resources. Seed team

AASTOCKSAug 7 09:12

ZHITONG HK Stock Connect Holding Analysis | August 7

Stock Connect Holdings Analysis | August 6, 2026

Zhitong FinanceAug 7 08:30

Zhitong Stock Connect Active Trading | August 6

Stock Connect Active Trading | August 6, 2026

Zhitong FinanceAug 6 19:00

Xiaomi Group-W (1810.HK) Q2 2026 Earnings Preview: Continued Memory Inventory Pressure in Q2; Watch for New Vehicle Launches and Cost Inflection Point in H2

Report Summary: The market is focused on the peak of the memory price curve, with expectations of marginal cost improvement in the second half of the year and new vehicle launches potentially driving a fundamental inflection point. Key Investment Points: Earnings Forecast and Investment Recommendation: We expect Xiaomi to report revenue of RMB 109 billion in Q2.

Guotai Haitong SecuritiesAug 6 18:52 · Researches

Express News | Xiaomi Corporation repurchased 1.9 million Class B shares on August 6 at a cost of HK$50 million.

BreakingsAug 6 18:40

Xiaomi Group-W (01810) repurchased 1.862 million shares on August 6 at a cost of HK$49.9504 million.

Xiaomi Group-W (01810) announced that on August 6, 2026, it repurchased 1.862 million shares at a cost of HK$49.9504 million.

Zhitong FinanceAug 6 18:39

HK Market Snapshot | All three major indices declined, with the Hang Seng Tech Index dropping over 2%; tech and internet stocks fell, Baidu down more than 4%, Alibaba and Tencent each falling nearly 3%; MINIMAX surged逆势 by over 17%.

Tech and internet stocks declined, with Baidu Group-SW down 4.38% and Alibaba-W down 2.89%; auto stocks fell, with Leapmotor down 4.70% and Geely Auto down 4.48%; shares across the smartphone supply chain broadly declined, with FIT HON TENG down 4.85% and SMIC down 3.90%;

Futu NewsAug 6 16:22

Counterpoint Research: The global premium smartphone market accounted for a record-high 29% in the first half of the year.

According to the latest smartphone model sales tracking report released by Counterpoint Research, the global premium smartphone market (with a wholesale average selling price of USD 600 or higher) continued to demonstrate resilience in the first half of 2026.

Zhitong FinanceAug 6 15:10

CLSA cuts Xiaomi's (01810.HK) target price to HK$37, forecasting a 44% year-over-year decline in adjusted net profit for the second quarter.

In a research report, Lyon noted that Xiaomi (01810.HK) continues to face significant challenges in smartphone and AIoT product sales, primarily due to rising component costs and an elevated sales base from the previous year, which was boosted by Chinese government subsidy policies. The firm forecasts Xiaomi’s total revenue for the second quarter to decline by 6% year-over-year to RMB 108.9 billion, with adjusted net profit falling 44% year-over-year to RMB 6.1 billion. It expects smartphone revenue to drop 8% year-over-year to RMB 41.7 billion, with global shipments down 26% year-over-year, while AIoT revenue is projected to decline 20% year-over-year to RMB 31.0 billion. Additionally, the firm anticipates Xiaomi’s electric vehicle

AASTOCKSAug 6 10:53

August 5 Repurchase Roundup | Xiaomi Group-W, Want Want China Holdings, and others announced share buybacks, with Xiaomi Group-W spending HK$499.771 million.

According to a filing disclosed by the Hong Kong Exchange on August 6, Xiaomi Group-W (01810.HK), Want Want China Holdings Limited (00151.HK), and others repurchased shares. ① Xiaomi Group-W (01810.HK) repurchased 1.804 million weighted voting rights shares on August 5, for a total consideration of HK$499.771 million, at prices ranging between HK$27.80 and HK$27.62 per share. Since the adoption of the share repurchase mandate, the company has cumulatively repurchased 94.5154 million securities, representing 0.37% of the issued share capital as of the date the ordinary resolution was passed. ② Want Want China Holdings Limited (

Futu NewsAug 6 09:30

Zhito HK Connect Holdings Analysis | August 6

Stock Connect Holdings Analysis | August 5, 2026

Zhitong FinanceAug 6 08:30

Selected HKEX Announcements | HSBC Holdings Plans to Repurchase Up to USD 1 Billion in Shares; RemeGen Reports Over 430% Year-on-Year Increase in Interim Revenue

① HSBC Holdings plans to repurchase up to USD 1 billion of its shares—what are the details? ② RemeGen reported a year-on-year revenue increase of over 430% in the first half; what are the highlights on the profitability front?

cls.cnAug 5 21:20

Xiaomi Group-W (01810.HK) repurchased 1.804 million shares on August 5 at a cost of HK$49.977 million.

Gelonghui, August 5 — Xiaomi Group-W (01810.HK) announced that on August 5, it repurchased 1.804 million shares at a total cost of HK$49.977 million, at prices ranging from HK$27.62 to HK$27.80 per share.

Gelonghui FinanceAug 5 18:34

Reportedly, Apple (AAPL.US) failed in its attempt to pressure suppliers on pricing and was unable to bring ChangXin Memory Technologies into its DRAM supply chain.

According to foreign media reports, Apple (AAPL.US) has attempted to onboard ChangXin Memory Technologies (688825.SH) as its third DRAM supplier to reduce future iPhone costs. However, ChangXin declined to offer price concessions, with its quoted prices comparable to—or even higher than—those of Apple’s current suppliers, Samsung Electronics and SK Hynix. It is reported that Huawei, Xiaomi-W (01810.HK), and other Chinese OEMs have already signed high-priced, long-term supply agreements with ChangXin, leaving the company with little incentive to offer discounted rates to secure Apple’s orders.

AASTOCKSAug 5 17:08

Express News | Major News on Memory Chips: Apple Fails to Secure Price Concessions

BreakingsAug 5 16:51

Market Snapshot | All three major indices rose, with the Hang Seng Tech Index gaining nearly 1%; PCB concept and semiconductor stocks strengthened, with Kingboard Laminates up over 10% and Hua Hong Hongli up nearly 5%; gold stocks advanced, with Zijin Gol

Technology and internet stocks rose broadly, with SenseTime-W up 2.28% and Alibaba-W up 1.83%; non-ferrous metal stocks advanced across the board, with Zijin Gold International up 10.16% and CMOC Group up 8.65%; semiconductor stocks also saw widespread gains, with GigaDevice up 5.70% and Hua Hong Hongli up 4.74%.

Futu NewsAug 5 16:26