Core Viewpoint - Xiaomi Group-W (01810.HK) announced a share buyback on December 2, spending HKD 102 million to repurchase 2.5 million shares at a price range of HKD 40.5 to 40.72 per share [1] Group 1 - The total expenditure for the share buyback was HKD 102 million [1] - The number of shares repurchased was 2.5 million [1] - The price range for the repurchased shares was between HKD 40.5 and HKD 40.72 [1]

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 | | | | | | | ...

Group 1 - The core issue highlighted is the occurrence of SMS bombardment affecting Xiaomi executives, including the assistant to the chairman and other senior officials, who reported receiving numerous verification codes within a short time frame [1] - Xiaomi's strategic market department assistant, Xu Jieyun, shared a screenshot of the SMS bombardment on social media, indicating a personal experience of receiving dozens of messages in just a few minutes [1] - Other Xiaomi executives, including the new media director and the vice president of Xiaomi Auto, also confirmed similar experiences, suggesting a broader issue affecting the company [1]

Group 1 - The core message is that Xiaomi's chairman Lei Jun announced via Weibo that the Xiaomi automotive factory is expected to receive over 120,000 visitors this year [1]

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 ...

小米集团-W(01810)发布公告，于2025年12月1日，该公司斥资4.02亿港元回购1000万股股份，每股回购 价格为40.04-40.48港元。 ...

智通财经APP讯，小米集团-W(01810)发布公告，于2025年12月1日，该公司斥资4.02亿港元回购1000万 股股份，每股回购价格为40.04-40.48港元。 ...

格隆汇12月1日丨小米集团-W(01810.HK)公告，12月1日耗资4亿港元回购1000万股，回购价格每股 40.04-40.48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1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 | | | | | | | ...

Core Viewpoint - Morgan Stanley has issued a report giving Xiaomi Group-W (01810) an "Overweight" rating with a target price of HKD 62 [1] Summary by Relevant Categories Financial Performance - Despite market expectations of downward pressure on smartphone gross margins due to rising memory costs, historical data shows that Xiaomi's smartphone gross margins expanded during periods of increasing DRAM prices from 2016 to 2017, 2019 to 2021, and 2022 to 2023 [1] - The effective cost transfer mechanism of the company, along with significant cost increases leading to product price hikes, has contributed to this margin expansion [1] Strategic Initiatives - Xiaomi's product structure upgrade and ongoing high-end strategy are identified as long-term positive factors driving gross margin [1]