智通财经网·2025-11-27 05:51Core Viewpoint - Xiaomi Group's stock price has increased by over 4%, reaching HKD 41.8, with a trading volume of HKD 5.666 billion, following the announcement of a share buyback program [1] Group 1: Share Buyback - On November 26, Xiaomi announced a buyback of 7.5 million shares at an average price of HKD 40.14, totaling over HKD 300 million [1] - This marks the fourth buyback in November, with a total of 31.5 million shares repurchased this month, amounting to over HKD 1.2 billion [1] Group 2: Long-term Investment Logic - According to a recent report from Guotai Junan Securities, Xiaomi's long-term investment logic remains unchanged, with Chairman Lei Jun's HKD 100 million share purchase reflecting strong confidence [1] - The company's automotive business has achieved its first profit, and the strong growth in Q3 results validates the effectiveness of the "smart home" ecosystem strategy [1] Group 3: Valuation and Market Position - As a leader in both the electric vehicle and consumer electronics sectors, Xiaomi's current stock price corresponds to a price-to-earnings ratio of only 15 times for 2027, indicating attractive value [1] Group 4: Talent Acquisition - On November 26, former Tesla Optimus team member Lu Zeyu joined Xiaomi's robotics team to lead the dexterous hand project, aiming to accelerate the technology's development and implementation [1]