XIAOMI(HK:01810) 2 1 Shi Ji Jing Ji Bao Dao·2025-11-19 14:30Core Points - Xiaomi Group announced a share incentive plan on November 19, rewarding 3,334 selected participants with a total of 29.3667 million shares, representing approximately 0.11% of the company's issued share capital, valued at around HKD 1.14 billion based on the closing price of HKD 38.82 per share on the same day [1][5] - The company also granted a total of 496,300 stock options to three employees under the 2024 share plan [2] - The share incentive program includes not only employees but also suppliers, with an average share value of approximately HKD 342,000 per person [5] - The stock awards will vest between November 20, 2025, and November 20, 2034, while the stock options will vest from November 20, 2026, to August 20, 2030 [5] - Xiaomi's equity incentive pool still has 577 million shares available for future grants, with specific limits for authorized shares and service suppliers set at 527 million shares and 50 million shares, respectively [5] - The company has significantly increased its R&D investment, with Q3 spending reaching CNY 9.1 billion, a year-on-year increase of 52.1%, and total R&D expenditure for the first three quarters nearing CNY 23.5 billion [5] - As of the end of Q3, Xiaomi employed 24,871 R&D personnel [5] - Xiaomi has repurchased approximately 15.4 million shares this year, totaling around HKD 1.54 billion, complementing the incentive plan and signaling confidence in the company's value [6]