BIDU(HK:09888) Jing Ji Guan Cha Wang·2026-02-13 22:39Core Viewpoint - Baidu Group (09888.HK) has several announced events in 2026 that may impact the company's stock price and market attention [1] Funding Movements - A new stock repurchase plan has been authorized with a maximum amount of $5 billion, effective until December 31, 2028, aimed at enhancing shareholder returns [2] - The board has approved a dividend policy, with the first dividend expected to be announced in 2026, potentially during the Q4 2025 earnings report or Q1 2026 earnings report [2] Subsidiary Development - Kunlun Chip, Baidu's AI chip subsidiary, submitted a listing application to the Hong Kong Stock Exchange in early January 2026, which may enhance Baidu's overall valuation and reflect the deepening of its AI stack layout [3] Performance and Operating Conditions - Market forecasts for Baidu's Q4 2025 revenue range from 31.681 to 34.461 billion yuan, with a year-on-year change of -7.2% to 1.0%, and net profit expected to be between 1.013 to 16.244 billion yuan, with a year-on-year change of -80.5% to 212.9% [4] Business Progress - The monthly active users of Wenxin Assistant surpassed 200 million in January 2026, becoming one of the main AI entry points in China, with promotional activities during the Spring Festival [5] - The Apollo Go service saw a year-on-year increase of 212% in order volume in Q3 2025, with plans for expansion into overseas markets like Dubai and Abu Dhabi, aiming for breakeven in more cities by 2026 [5] - Organizational adjustments indicate a focus on the commercialization of AI, with specific revenue targets set for mobile ecology, smart cloud, and autonomous driving [5] Product Development Progress - The official version of Wenxin Model 5.0 was released in January 2026, supporting multimodal interaction and ranking among the top globally [6] - Kunlun Chip plans to launch M100/M300 chips to strengthen its computing power foundation [6]