Core Viewpoint - Xiaomi has successfully reversed its stock price decline through significant share buybacks, demonstrating strong fundamentals and resilience against short-selling pressures [2][3][5]. Financial Performance - Xiaomi's revenue for Q3 2025 reached 113.12 billion yuan, a 22.3% increase from 92.5 billion yuan in the same period last year [3]. - The operating profit for the same quarter was 15.11 billion yuan, up 150.1% from 6.04 billion yuan year-on-year, with an operating profit margin of 13.4%, the highest in recent years [3]. Automotive Business - In Q3 2025, Xiaomi's smart electric vehicle revenue was 28.3 billion yuan, with an additional 700 million yuan from other related income, marking the first quarter of positive operating profit for its automotive and AI innovation segments [4]. - Xiaomi aims to deliver over 400,000 vehicles in 2025, having recently celebrated the production of its 500,000th vehicle, achieved in just over a year and seven months [16][18]. Market Response - Following a series of share buybacks totaling 800 million HKD, Xiaomi's stock price rose to 38.08 HKD, a 1% increase, and the company's market capitalization reached 991.7 billion HKD [3][5]. - The stock price recovery has alleviated some investor dissatisfaction towards CEO Lei Jun, especially in light of recent criticisms regarding the company's automotive strategy [5][15]. Strategic Initiatives - Xiaomi is investing over 7 billion yuan in AI research and development in 2025, with a focus on enhancing its autonomous driving capabilities [13]. - The company has assembled a core team of over 1,800 members for its smart driving division, including 108 PhDs, to drive innovation in this area [7][11].
小米两天共斥资8亿回购：股价终于止跌回升 雷军公开智驾团队
Sou Hu Cai Jing·2025-11-21 13:28