01810 XIAOMI-W
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XIAOMI-W News
[Brokerage Focus] China Merchants maintains its "shareholding" rating for Xiaomi Group (01810) and bullish on the company's medium to long-term market cap growth potential.
China Merchants' research report stated that on July 19th, Lei Jun, CEO of Xiaomi Group (01810), held his fifth annual speech, sharing the story behind Xiaomi's entry into the auto industry, and releasing a series of new products in the second half of the presentation including foldable and regular smartphones, smart band, smartwatch, air conditioner, air purifier, etc. Additionally, Xiaomi also displayed the prototype of the upcoming Xiaomi SU7 Ultra electric sports car and announced its plan to officially challenge the Nurburgring North Loop Circuit in October this year. As a consumer electronic and intelligent manufacturing company integrating smart phones, smart hardware, IoT platform and automobile business, Xiaomi is steadily promoting its global strategy and high-end development.
Lei Jun recalls the experience of building cars and says that Zhou Shouzi's resignation back then was a heavy blow.
On the evening of July 19th, Xiaomi's founder, chairman and CEO Lei Jun held the 5th annual speech. During his speech, Lei Jun looked back on the past when he decided to make cars. Lei Jun said that at that time, Xiaomi was in a difficult situation and the high-end of Xiaomi had just begun to develop. "Young executives who have been nurtured for many years and who I had high hopes for have resigned. He is Zhou Shouzi." He said that although he was reluctant, he could only express his sincere wishes. It is reported that Zhou Shouzi joined Xiaomi as CFO in 2015. At that time, Lei Jun commented on Zhou Shouzi, "Previously, Shouzi was a successful investor with a unique vision and professional financial skills.
Lei Jun is going to challenge the ten-million-level racing.
The Long March has just begun.
Lei Jun: At first, almost everyone thought that the Xiaomi SU7 would not sell well, and selling 3,000 units a month was a lucky break.
On the evening of July 19, in the 2024 Lei Jun Annual Speech, Xiaomi Chairman Lei Jun delivered a speech. He stated that after the launch of Xiaomi SU7, there were various doubts and criticisms, and the most common doubt was that Apple has been trying to make a car for ten years without success, why can Xiaomi do it in three years? "How would I know why Apple can't do it?" Some people even joked: "Jun, give up, everyone outside is XX." Almost everyone believed that it would not sell, and they thought that those who bought Model 3 were Tesla fans and would definitely not buy it; should BMW 3, Audi A4, and Mercedes-Benz C be upgraded to be more technologically advanced?
Lei Jun: After announcing the car-making decision, I decided to drive myself and test drove more than 170 cars in three years.
On the evening of July 19th, at the 2024 annual speech event of the director of Xiaomi, Lei Jun gave a speech. Lei Jun said that in order to make cars, one must understand cars. More than ten years ago, when he was busy with work, the company provided him with a full-time driver. When announcing the plan to make cars, he decided to drive himself. It took him several days to get used to it. He let the driver sit in the passenger seat, and his colleagues joked that his driver was so prestigious that the boss drove himself. In order to test drive enough cars, he initially borrowed cars from his colleagues to drive, then went to the 4S store to test drive, and later went to the company's underground garage to borrow cars that had not been driven. He chatted with the car owners about the advantages and disadvantages of the car, why they wanted to buy it, and why they wanted to change it.
Lei Jun: Most car companies first make SUVs because it's easy, but Xiaomi decided not to follow the usual path and start with pure electric sedans.
On the evening of July 19th, at the 2024 Lei Jun Annual Speech event, Xiaomi Chairman Lei Jun delivered a speech. He revealed that at the beginning of car manufacturing, the internal idea was to first build a car that Xiaomi engineers wanted to buy, with SUVs and sedans each accounting for half of the engineers' opinions. Lei Jun said that most car companies start with SUVs because it is easy, but Xiaomi decided not to take the usual path and started with pure electric sedans, making it easier to do other things. "The Chinese auto industry chain has matured, and it is easy to assemble a car. We thought about OEM and acquisition, but soon we decided to start with core technology and not take shortcuts. Because we previously suffered."
Express News | Xiaomi Bought Back 3 Mln B Shares for HK$49.6 Mln on July 19 - HKEX Filing
Xiaomi Group -W (01810.HK) spent HKD 49.6396 million on July 19 to repurchase 3 million shares.
On July 19th, Xiaomi Corporation -W (01810.HK) announced the repurchase of 3 million shares, with a total cost of 49.6396 million Hong Kong dollars.
Xiaomi Group spent HKD 50.798 million to repurchase 3 million shares on July 18th.
Xiaomi Corporation -W (01810) announced that on July 18, 2024, it will spend 50.798 million Hong Kong dollars to repurchase 3 million shares of stock.
Xiaomi Group-W (01810.HK) spent HK$50.798 million on buying back 3 million shares on July 18th.
On July 18th, Xiaomi Group-W (01810.HK) announced that it spent HKD 50.798 million to repurchase 3 million shares.
Express News | Xiaomi Bought Back 3 Mln B Shares for HK$50.8 Mln on July 18 - HKEX Filing
Nomura: Profits in China's internet plus-related industry better than expected, focus on ai in the second half of the year.
Shalong Shi, head of the Nomura China Internet and New Media Research Department, said that investors are relatively cautious about the mainland's internet plus-related industry, but think that the fundamentals of the industry are still healthy.
Canalys: Xiaomi (01810) returned to the top of India's smart phone market shipments in the second quarter.
According to Canalys, in the second quarter of 2024, under the influence of various factors such as the Indian election, seasonal low demand, and extreme weather in some regions, the Indian smart phone market slightly increased by 1%, with a total shipment of 36.4 million units. Under the high inventory level, some manufacturers continued to launch new models with higher prices, while other manufacturers focused on reducing existing inventory in order to optimize inventory before the festival season arrives. Xiaomi (01810) regained the top spot with a shipment volume of 6.7 million units and 18% market share after six quarters. vivo followed closely with its shipment volume.
[Special Guest] Deng Shengxing: The market anticipates the Fed to cut interest rates soon, but it will not help the rising trend of Hong Kong stocks.
King's Financial News | The Hang Seng Index closed at 17,739 on Wednesday (17th), up 11 points or 0.1%. The total turnover of the market was HKD 104.9 billion. The national index fell 0.3% to 6,297; the technology index rose 0.5% to 3,640. Blue-chip stocks developed individually, with Tencent (00700) falling 1.6%; ICBC (01398) dropping 0.2%; CBC (00939) falling 0.2%; international oil prices fell for the third consecutive day, and CNOOC (00883) dropped by 5.2%; PetroChina (00857) dropped by 5.8%; The Dow Jones closed at 41,198 on Wednesday (17th), up 243 points or 0.5%.
Xiaomi Group spent HKD 50.5389 million on July 17 to repurchase 3 million shares.
Xiaomi Group-W(01810) announced that it will spend 50.5389 million Hong Kong dollars on July 17th, 2024 to buy back 3 million shares.
Hong Kong stock concept tracking | "vehicle-road cloud integration" policy is bullish with frequent releases, the trillion-dollar market is expected to usher in a booming period (with concept stocks).
CITIC Securities pointed out that as regulations for self-driving industry on both national and local levels gradually improve, each link in the industry chain is expected to accelerate technology research and development and product deployment, benefiting the intelligent automotive industry chain.
Xiaomi Corporation (01810) spent HKD 50.5389 million to repurchase 3 million shares on July 17.
Xiaomi Group-W (01810) announced that it will invest HKD 50.5389 million on July 17, 2024...
Express News | Xiaomi Bought Back 3 Mln B Shares for HK$50.5 Mln on July 17 - HKEX Filing
[Brokerage Focus] gtja maintains a "shareholding rating" for Xiaomi Group (01810), expecting its smart phone FY24Q2 revenue to increase by 25% year-on-year.
Guotai Junan released a research report, forecasting that Xiaomi Group's (01810) smart phone business FY24Q2 revenue will be approximately RMB 45.7 billion, a year-on-year increase of 25%. The market share of Xiaomi's low-end smartphones continues to increase, while the market share of its mid-range smartphones remains stable and that of its high-end smartphones slightly decreases. However, its overall market share in China's smartphone market remains stable at 15%. The bank believes that Xiaomi's competitive advantage in the smartphone business comes from its innovative technology at equivalent prices. At the same time, Xiaomi has successfully expanded into overseas markets such as Europe, Latin America, Africa, and Southeast Asia, gaining broad user recognition and high loyalty and satisfaction rates. It is estimated that...
Xiaomi Corporation spent HKD 49.0613 million repurchasing 3 million shares on July 16th.
Xiaomi Group-W (01810) announced that it will spend HKD 49.0613 million to repurchase 3 million shares on July 16, 2024. On July 16, 2024, 5000 shares were issued according to the share plan to grant share rewards or options to participants (excluding the directors of the issuer).
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