XIAOMI(HK:01810) 21世纪经济报道·2025-11-20 01:26Core Viewpoint - Xiaomi Group announced a stock reward plan for 3,334 selected participants, granting a total of 29.3667 million shares, representing approximately 0.11% of the company's issued share capital, valued at around HKD 1.14 billion based on the closing price on November 19 [1][5]. Group 1: Stock Reward and Options - The stock reward plan includes not only group employees but also suppliers, with an average value of HKD 342,000 per person [5]. - The awarded shares will vest between November 20, 2025, and November 20, 2034 [5]. - Xiaomi has a remaining stock incentive pool of 577 million shares available for future grants, with specific limits for planned authorizations and service suppliers [5]. Group 2: Employee Stock Options - Three employees received a total of 496,300 stock options, averaging 165,400 options per employee, which will vest between November 20, 2026, and August 20, 2030 [5]. Group 3: R&D Investment - Xiaomi is increasing its R&D investment, with Q3 spending reaching HKD 9.1 billion, a year-on-year increase of 52.1%, and total R&D expenditure for the first three quarters nearing HKD 23.5 billion [5]. - As of the end of Q3, the number of R&D personnel reached 24,871 [5]. Group 4: Stock Buyback - Xiaomi has repurchased approximately 15.4 million shares this year, totaling around HKD 1.54 billion, complementing the incentive plan and signaling confidence in the company's value [6].