Changes in Hong Kong stocks | Xiaomi Group-W (01810) rose nearly 3% and spent more than HK$500 million to repurchase shares in innovative businesses such as smart electric vehicles and AI, reaching a record high

The Zhitong Finance App learned that Xiaomi Group-W (01810) rose nearly 3%. As of press release, it had risen 2.39% to HK$38.6, with a turnover of HK$5,049 billion.

According to the news, Xiaomi Group-W announced that on November 20, 2025, the company spent HK$508 million to repurchase 13.5 million shares at a repurchase price of HK$37.38-38.1 per share.

In terms of performance, recently, Xiaomi Group-W announced results for the third quarter of 2025, with revenue of about 113.121 billion yuan, an increase of 22.3% over the previous year. Looking at the business segment, in the third quarter of 2025, the revenue of the “mobile phone x AIoT” segment was 84.1 billion yuan, up 1.6% year on year; the revenue of the “innovative business such as smart electric vehicles and AI” segment was 29 billion yuan, a record high, up 199.2% year on year. Operating profit was 15.11 billion yuan, up 150.1% year on year; adjusted net profit was about 11.311 billion yuan, a record high, up 80.9% year on year. Profit attributable to company owners was approximately $12.271 billion, an increase of 129.26% over the previous year.

Huatai Securities said that the 3Q25 vehicle delivery volume reached a new high of 109,000 vehicles through technical reforms, and the company expects to complete the annual delivery target of over 350,000 units in November. Automobile's 3Q revenue was +37% month-on-month to 25.9 billion yuan, and gross margin increased 8.4 pp to 25.5% year over year, showing impressive performance. Benefiting from the high-end automobile strategy and the gradual rise in production capacity, the 3Q25 automobile business was profitable for the first time. Guojin Securities pointed out that the company began large-scale deliveries of YU7 this quarter, and the delivery of 10,8796 units continued to increase by +32.6% month-on-month, driving the automobile business to turn a loss into a profit due to the scale effect; despite a decline in gross margin, the high-margin YU7 is still in the production phase where profits have not been fully released, and the company's bicycle ASP is still improving month-on-month, and the company's new growth is gradually being realized.