XIAOMI(HK:01810) Sou Hu Cai Jing·2025-11-25 05:11Core Points - Xiaomi Group's stock price increased over 4% to 40.440 HKD as of November 25, following an announcement of significant share buybacks and insider purchases by CEO Lei Jun [1][2] - Lei Jun invested over 100 million HKD to acquire 2.6 million shares at an average price of approximately 38.58 HKD per share, raising his ownership stake to 23.26% [1][2] - Xiaomi has conducted stock buybacks totaling over 8 billion HKD on November 20 and 21, with a cumulative buyback amount exceeding 2.3 billion HKD this year, positioning it among the top in the Hong Kong tech sector [2] Financial Performance - For Q3 2025, Xiaomi reported total revenue of 113.1 billion RMB, a year-on-year increase of 22.3% but a quarter-on-quarter decline of 2.4% [3] - Adjusted net profit for the same period was 11.3 billion RMB, reflecting an 80.9% year-on-year growth and a 4.4% quarter-on-quarter increase [3] - The smart electric vehicle and AI segments achieved operational profit of 700 million RMB for the first time [3] Strategic Developments - Xiaomi introduced the "Xiaomi HAD Enhanced Version" at the Guangzhou Auto Show, utilizing a new training method for smart driving that combines reinforcement learning with world modeling [3] - The company has invested over 7 billion RMB in AI this year and established a team of over 1,800 personnel dedicated to smart driving, with R&D centers in Beijing, Shanghai, and Wuhan [3]