$XIAOMI-W (01810.HK)$ The financial report is still relatively stable; it is a relatively qualified performance. At least compare last quarter's earnings reports (not anything to the same level). There hasn't been much decline in revenue (to be honest, Apple's revenue has also declined a bit), and profits have increased a bit [this is estimated to be brought about by profits from high-end phones]. I feel that phones below 3000-4000 yuan are not profitable, and Xiaomi's profit seems to have increased quite a bit after following the high-end route. This is actually the right step. Otherwise, there really isn't a single investor that will stick around. The main investment is how the product is, and whether the company's profits and cash flow are stable. You can't take Mr. Market with you. In this way, the return on your investment will be a good return. According to this quarterly earnings report, using a price-earnings ratio of 30 times this year should not be too expensive.