$XIAOMI-W(01810.HK) It feels like Xiaomi's popularity hasn't diminished. The probability of institutions repeatedly cutting positions during the sideways market is relatively high, unless there's a breakthrough in yu9 or chips, or intelligent computing. In fact, Xiaomi has a comparative advantage in the field of embodied intelligence. Compared to other automakers, it has the Mi Home ecosystem to provide a broad carrier and training channels for embodied intelligence. Compared to domestic and imported manufacturers like Midea, Gree, and Haier, it also has the automotive sector as a carrier for training intelligent driving models. Similarly, the smart ecosystem model that extends from mobile phone systems to car systems is also its advantage. Hope CEO Lei can seize this opportunity to take us to new heights in a few years.