XIAOMI(HK:01810) Mei Ri Jing Ji Xin Wen·2025-03-24 11:39Group 1 - Xiaomi Group plans to raise up to $5.3 billion through a share placement to expand its business, with share prices ranging from HKD 52.80 to HKD 54.60 [1] - As of March 24, Xiaomi's stock price has increased over 240% since August last year, closing at HKD 57 per share, with a market capitalization of HKD 1.43 trillion [1] - Xiaomi's cash and cash equivalents amounted to CNY 33.7 billion as of December 31, 2024, with total investments in approximately 430 companies valued at CNY 68.3 billion [1] Group 2 - In 2024, Xiaomi's total revenue grew by 35% year-on-year to CNY 365.9 billion, and adjusted net profit increased by 41.3% to CNY 27.2 billion [2] - Xiaomi's R&D expenditure reached CNY 24.1 billion in 2024, reflecting a year-on-year growth of 25.9%, with a projected total R&D investment exceeding CNY 100 billion from 2021 to 2025 [2] - The company aims to target high-end to ultra-high-end products, expand its product range beyond smartphones and cars, and grow its international retail presence, having opened its first direct store in Japan [2]