小米发10亿股权奖励，股价仍未止跌

Core Viewpoint - Xiaomi Group announced a large-scale share award and stock option grant to selected participants as part of its 2023 and 2024 share plans, aiming to align interests and retain talent [1][2]. Group 1: Share Awards - On November 19, Xiaomi granted a total of 29,366,734 shares to 3,334 selected participants, including employees and service providers, with a total market value of approximately HKD 1.14 billion (around RMB 1.04 billion) based on the closing price of HKD 38.82 per share [1]. - The majority of the awarded shares, totaling 29,102,866 shares, were granted to employees, while 263,868 shares were awarded to service providers [1]. - The awarded shares were granted at zero cost, meaning recipients do not need to pay for the shares [1]. Group 2: Stock Options - Xiaomi H.K. Limited granted a total of 496,300 stock options to three selected participants, all of whom are employees, allowing them to purchase shares at USD 0.1 each [1]. - As of the announcement date, there are 527,087,611 shares and 50,000,000 shares available for future grants under the Xiaomi Hong Kong plan and service provider limits, respectively [2]. Group 3: Performance and Conditions - The vesting of the awarded shares will be based on performance targets, with the number of shares tied to individual and departmental performance rankings [2]. - The board may decide to invalidate unexercised awards or require the return of shares or equivalent cash if participants engage in serious misconduct or are deemed unsuitable for the awards [2]. Group 4: Financial Performance - Xiaomi reported Q3 revenue of RMB 113.1 billion, a year-on-year increase of 22.3%, marking the fourth consecutive quarter of revenue exceeding RMB 100 billion [3]. - The adjusted net profit reached RMB 11.3 billion, a year-on-year increase of 80.9%, achieving a historical high [3]. - Despite strong financial results, Xiaomi's stock price fell by 4.81% on November 19, dropping below HKD 40, and continued to decline on November 20 [3].