Core Viewpoint - Xiaomi reported Q3 2025 performance with total revenue of 113.1 billion yuan (+0.5% vs consensus), year-on-year growth of 22%; adjusted net profit reached 11.3 billion yuan (+12.6% vs consensus of 10 billion yuan), year-on-year growth of 81%, corresponding to a net profit margin of 10.0% [1] Group 1: Smartphone Business - Smartphone shipments in Q3 were 43.3 million units, a year-on-year increase of 0.5%, with a market share of 13.6%; market share in China was 16.7% [2] - Average Selling Price (ASP) was 1,062 yuan, down 4% year-on-year; smartphone revenue was 46 billion yuan (+0.3% vs consensus), year-on-year decline of 3.1% [2] - The increase in storage prices has led to a decline in gross margin, with Q3 smartphone gross margin at 11.1%; Q4 smartphone gross margin is expected to be 10% [2] Group 2: IoT and Internet Business - In Q3, IoT revenue was 27.6 billion yuan (-1.9% vs consensus), year-on-year growth of 5.5%; gross margin improved by 1.4 percentage points to 23.9% [3] - Major appliances faced pressure with a year-on-year revenue decline of 15% due to competition and subsidy reductions; attention is advised on overseas expansion and market share changes [3] - Internet business revenue for Q3 was 9.4 billion yuan (+2.2% vs consensus), year-on-year growth of 10.8% [3] Group 3: Automotive Business - The automotive segment achieved profitability for the first time, with Q3 deliveries of 108,800 units and an ASP of 260,000 yuan; gross margin decreased by 0.9 percentage points to 25.5% [3] - November deliveries exceeded 48,000 units, with expectations of nearing full production by year-end; total annual deliveries are projected to exceed 400,000 units [3] - Q3 automotive revenue was 29 billion yuan, with other related businesses contributing 700 million yuan [3] Group 4: Financial Forecast and Valuation - Projected revenues for Xiaomi Group in 2025 and 2026 are 471.7 billion yuan and 545 billion yuan (year-on-year growth of 29% and 16% respectively); adjusted net profits are forecasted at 43.3 billion yuan and 44.9 billion yuan (year-on-year growth of 59% and 4%) [3] - The company is assigned a 20x PE for its main business in 2026 and a 2.5x PS for the automotive segment, with a target price of 51.1 HKD and a "buy" rating [3]

小米集团-W回购明细 | 日期 | 回购股数 | 回购最高价 | 回购最低价 | 回购金额 | | --- | --- | --- | --- | --- | | | （万股） | （港元） | （港元） | （万港元） | | 2025.12.02 | 250.00 | 40.720 | 40.500 | 10154.73 | | 2025.12.01 | 1000.00 | 40.480 | 40.040 | 40167.95 | | 2025.11.28 | 700.00 | 41.180 | 40.740 | 28780.32 | | 2025.11.26 | 750.00 | 40.220 | 40.020 | 30106.32 | | 2025.11.25 | 250.00 | 40.340 | 40.160 | 10071.80 | | 2025.11.21 | 800.00 | 38.040 | 37.640 | 30334.68 | | 2025.11.20 | 1350.00 | 38.100 | 37.380 | 50776.22 | | 2025.10.17 | 1070.00 | 4 ...

该信息由智通财经网提供 智通财经APP讯，小米集团-W(01810)发布公告，于2025年12月2日，该公司斥资1.02亿港元回购250万 股股份，每股回购价格为40.5-40.72港元。 ...

本文源自：金融界AI电报 据港交所，小米集团(1810.HK)于12月2日以1.015亿港元回购250万股B类股票。 ...

Core Points - Xiaomi Group's executives, including the assistant to the chairman and the vice president of Xiaomi Auto, reported receiving a large number of verification code messages in a short period, indicating a potential issue with SMS bombardment [1] Group 1 - The assistant to the chairman of Xiaomi, Xu Jieyun, shared a screenshot on social media showing numerous verification code messages received within minutes [1] - Xiaomi's new media director, Steven, commented on Xu's post, confirming he also experienced similar SMS bombardment [1] - Xiaomi Auto's vice president, Li Xiaoshuang, also shared his experience of receiving multiple verification messages, indicating this is a recurring issue [1]

格隆汇12月2日丨小米集团-W(01810.HK)公告，12月2日耗资1.02亿港元回购250万股，每股购回价40.5- 40.72港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 小米集团 (於開曼群島註冊成立以不同投票權控制的有限公司) 呈交日期： 2025年12月2日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | | 股份類別 B | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01810 | | 說明 | | | | | | | 多櫃檯證券代號 | 81810 | RMB | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | ...

12月2日消息，今日下午，小米集团董事长特别助理、战略市场部副总经理徐洁云在微博发文，分享自 己手机短信界面的截图，并附文："突然就来了，真是无聊。 " 截图显示，其手机疑似遭遇短信轰炸，在短短数分钟内接收到数十条验证码。 小米公司新媒体总监神得强Steven也在徐洁云该条微博下评论：我也收到过。 此后，小米汽车副总裁李肖爽也发微博分享截图表示收到了短信轰炸：总有奇奇怪怪的事，好多次了。 这是咋回事？ 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 12月2日早间消息，小米董事长雷军发微博表示，小米汽车工厂接待访客，今年预计超过12万人。 ...

小米集团-W回购明细 证券时报·数据宝统计，小米集团-W在港交所公告显示，12月1日以每股40.040港元至40.480港元的价格 回购1000.00万股，回购金额达4.02亿港元。该股当日收盘价40.300港元，下跌1.76%，全天成交额78.61 亿港元。 自11月28日以来公司已连续2日进行回购，合计回购1700.00万股，累计回购金额6.89亿港元。 其间该股 累计下跌1.95%。 今年以来该股累计进行18次回购，合计回购8262.52万股，累计回购金额34.40亿港元。（数据宝） | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.12.01 | 1000.00 | 40.480 | 40.040 | 40167.95 | | 2025.11.28 | 700.00 | 41.180 | 40.740 | 28780.32 | | 2025.11.26 | 750.00 | 40.220 | 40.020 | 30106.32 | | 2025.11.25 | 250 ...