XIAOMI(HK:01810) Guan Cha Zhe Wang·2025-09-30 08:11Core Viewpoint - Xiaomi Group announced a share buyback of 507,400 shares at a price range of HKD 53.150 to HKD 53.250, totaling approximately HKD 26.9962 million, marking the highest buyback price in its history [1][3]. Group 1: Share Buyback Details - The buyback occurred on September 29, 2025, with a total of 507,400 shares repurchased on the exchange [2]. - The total number of shares Xiaomi is authorized to repurchase is 2.595 billion, with this buyback representing 0.002% of the total issued shares as of the authorization date [3]. Group 2: Product Performance and Market Response - Xiaomi's recent launch of the Xiaomi 17 series achieved record sales within the first five minutes, indicating strong initial demand [3]. - However, a report from analyst Guo Mingqi indicated a significant downward adjustment of approximately 20% in the total shipment target for the Xiaomi 17 series, originally set at 10 million units [3]. - The underperformance of the Xiaomi 17 standard model is attributed to stronger-than-expected sales of Apple's iPhone 17 in the Chinese market [3]. Group 3: Market Reactions and Company Statements - Following the negative report, Xiaomi's stock price dropped over 10% across two trading days [3]. - Xiaomi's President, Lu Weibing, expressed confidence that the sales of the Xiaomi 17 series would surpass those of the previous Xiaomi 15 series, citing improvements in the high-end product structure [4]. - Xiaomi's Public Relations Director, Wang Hua, stated that there are no plans to cut orders, highlighting the introduction of a new version of the Xiaomi 17 standard model and increased orders for the Pro series [4].