小米发11亿港元股权奖励，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 amid ongoing stock price pressure [1][2]. Group 1: Share Awards and Stock Options - On November 19, Xiaomi granted a total of 29,366,734 shares to 3,334 selected participants, including employees and service providers, valued at approximately HKD 1.14 billion (around RMB 1.04 billion) based on a closing price of HKD 38.82 per share [1]. - The majority of the awarded shares, totaling 29,102,866 shares, were given to employees, while 263,868 shares were allocated to service providers, with no purchase cost for the awarded shares [1]. - Xiaomi H.K. Limited also granted 496,300 stock options to three selected participants, all employees, allowing them to purchase shares at USD 0.1 each [1]. Group 2: Future Grant Capacity and Performance Metrics - As of the announcement date, Xiaomi has 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]. - The rationale for the share awards is to align the interests of the recipients with the company's goals and to recognize their contributions, while also aiming to attract and retain talent for ongoing operations and development [2]. - The vesting of awarded shares will be based on performance targets, with the number of shares tied to individual and departmental performance rankings [2]. Group 3: Financial Performance and Market Reaction - 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, with a net profit of RMB 11.3 billion, up 80.9% year-on-year, achieving a historical high [3]. - Despite strong financial results, Xiaomi's stock price faced significant pressure, dropping 4.81% on November 19, falling below HKD 40, and continuing to decline on November 20 [3].