[trend of individual stocks]
May 20-May 24
Last week, the Hang Seng Index fell by 4.83% and the Hang Seng Technology Index fell by 7.61%.
Xiaomi Group -W Hong Kong stocks fell 8.22% last week.Last week, the total turnover was HK$ 12.242 billion. As of last week’s close, the stock price of Hong Kong stocks was HK$ 1.830 and the market value was HK$ 456.684 billion. Hong Kong stocks rose 5.66% this month, 17.31% this year and 74.29% in the last 52 weeks.
[Company comparison]
[Related News]
After three years of building a car, Xiaomi employees increased by 12,000.
In the three years since Xiaomi built the car, the total number of employees has expanded by 50%. By the end of March, Xiaomi had 35,400 employees, 12,000 more than three years ago, equivalent to the total number of Xiaopeng Automobile. The ideal of the fastest-growing number of employees in the new forces was about 31,600 at the end of last year, and the number of employees is being reduced in the near future. (Auto later)
Xiaomi Automobile: Guaranteed to deliver more than 10,000 vehicles in June.
Xiaomi Auto Weibo: Guaranteed to deliver more than 10,000 vehicles in June. At the same time, under the premise of a substantial increase in production capacity, we promise to deliver over 100,000 vehicles in 2024 and sprint 120,000 vehicles.
Lu Weibing, President of Xiaomi Group: It is true that new models are being developed, but at present, the focus is mainly on ensuring the delivery of Xiaomi SU7.
According to Cailian, Lu Weibing, president of Xiaomi Group, said at the performance meeting that Xiaomi does have other models under development, but at present, the company’s energy is all on the delivery of Xiaomi SU7. There is a strict confidentiality system for new models internally, and it is not yet time to disclose them.
Lei Jun: Xiaomi Automobile will deliver at least 100,000 units and sprint 120,000 units this year.
Lei Jun said that in June, Xiaomi Automobile Factory will start double shifts and deliver at least 10,000 units that month. Xiaomi Automobile will deliver at least 100,000 units and sprint 120,000 units this year.
Xiaomi SU7 sprints 120,000 vehicles in 2024.
The reporter learned from authoritative sources that with the continuous high order volume of Xiaomi SU7, the new car delivery target will be 120,000 vehicles in 2024. Previously, the SU7 delivery target disclosed by Xiaomi was more than 100,000 vehicles. (Securities Times)
Xiaomi: The target is to deliver more than 10,000 new cars in a single month in June.
Xiaomi Group said that our goal is to deliver more than 10,000 new cars in a single month in June 2024.
Xiaomi Group: As of April 30, 2024, the cumulative number of orders locked in Xiaomi SU7 series reached 88,063.
Xiaomi Group: As of April 30, 2024, the cumulative number of orders locked in Xiaomi SU7 series reached 88,063.
Xiaomi Group: In 2024, Q1 revenue was 75.5 billion, a year-on-year increase of 27%.
The Hong Kong Stock Exchange of Xiaomi Group announced that in the first quarter of 2024, the company’s total revenue reached 75.5 billion yuan, a year-on-year increase of 27%; The adjusted net profit was RMB 6.5 billion, up 101% year-on-year. During the period, the revenue of smartphone business was 46.5 billion, up 32.9% year-on-year, and the global shipment was 40.6 million units, up 33.7% year-on-year. The revenue from IoT and consumer products business was 20.4 billion, up 21% year-on-year, and the gross profit margin reached a new high of 19.9%. Internet service revenue was 8 billion, up 14.5% year-on-year, and overseas Internet service revenue increased 39% year-on-year. In addition, the company continued to invest in AI and smart cars, with R&D expenditure of 5.2 billion, a year-on-year increase of 25.4%. Xiaomi Group also actively repurchased shares, with the amount of repurchase reaching HK$ 2.25 billion this year.
Xiaomi pursues smart driving, and former Tucson CTO Wang Naiyan will join.
According to 36Kr, Wang Naiyan, former CTO of Tucson China, will join Xiaomi Automobile and report to Ye Hangjun, Chairman of Xiaomi Technical Committee and Head of Autopilot of Xiaomi Automobile. In this regard, 36Kr Auto confirmed to Xiaomi related people. Previously, Wang Naiyan led the R&D and management of Tucson’s future China, and was also responsible for the development of L2-level assisted driving and L4-level automatic driving schemes.
Xiaomi: The report that Xiaomi no longer uses the relevant plots of Xuhui Riverside is seriously inaccurate.
According to Weibo, spokesman of Xiaomi Company. Recently, some media reports that Xiaomi no longer uses the relevant plots of Xuhui Riverside are seriously inaccurate. We specifically clarify as follows: Xiaomi’s business development in Shanghai is smooth as usual, and the so-called "construction stranded", "margin loss" and "government confiscation" are completely inaccurate and completely false. The related matters of xh128D-07 plot in Xietu Street in Xuhui District are implemented according to the development needs and procedures.
Xiaomi Shanghai retreats? Response: The municipal planning land has changed, and the government has a demand for storage.
Recently, it is reported that a commercial office land in Xuhui Riverside, the core area of Shanghai, which Xiaomi acquired at a cost of 1.55 billion yuan three years ago, has been re-listed in the 2024 land reserve plan, and it is suspected that Xiaomi has retired. Xiaomi may lose 310 million yuan in deposit, or even 1.55 billion yuan in total land price. On May 22, Wang Hua, the head of Xiaomi’s public relations, responded to the The Paper reporter that this was a change in the municipal planning land, and the government needed to purchase and store it. However, Xiaomi did not respond to the deposit. On the same day, the reporter called the relevant departments of Xuhui District Planning and Natural Resources Bureau, and the staff replied that the official release shall prevail. (The Paper)
Xiaomi and () joint venture company landed in Yizhuang, Beijing.
Recently, Beijing Times Power Battery Co., Ltd. was incorporated in Yizhuang, Beijing with a registered capital of 1 billion yuan, and its business scope is battery manufacturing. The four major shareholders of the joint venture company are Xiaomi Automobile, Jingneng Technology Contemporary Amperex Technology Co., Limited and Beiqi Hailanxin. According to the previous announcement (), in the joint venture company, BAIC Hailanxin holds 39%, Contemporary Amperex Technology Co., Limited holds 51%, Jingneng Technology and Xiaomi Automobile each hold 5%; This investment is conducive to ensuring the stable supply of the company’s power batteries, promoting the application of new products and technologies of power batteries in the company’s vehicle products first, and helping to enhance the market competitiveness of the company’s products. And after the establishment of the joint venture company, it will invest in the construction of an intelligent manufacturing factory for battery cells in Beijing, and the battery cells are the smallest unit of the battery system. (Beijing Yizhuang WeChat official account)
Following the retreat of Ant Group in Hangzhou, Xiaomi withdrew from Shanghai, and the land was not developed within 2 years after taking the land.
Following the retreat of Ant Group in Hangzhou, on May 21, it was reported that a commercial office plot taken by Xiaomi Group in Xuhui District of Shanghai had also been retired. In response to Shanghai’s retreat, the reporter sent an interview outline to Xiaomi, but as of press time, the other party did not reply. However, according to the documents issued by the Shanghai Municipal Bureau of Planning and Natural Resources, the plot has indeed "retreated". Because Xiaomi didn’t develop the plot within two years after taking the land, in March this year, the Shanghai Municipal Bureau of Planning and Natural Resources reclaimed the plot again and included it in the land reserve plan of Xuhui District this year. (China Real Estate News)
Xiaomi SU7 intelligent driving failed twice at high speed. Xiaomi Automobile Customer Service: It is a case, and problems must be dealt with.
According to a report by Red Star News on May 21st, Mr Nie, a Xiaomi owner from Foshan, Guangdong Province, said that Xiaomi SU7, who had been driving for less than one month during the May 1st period, failed to drive on the expressway twice. After the accident, until May 10th, the vehicle failure report was still not received, so we had to agree to Xiaomi’s car return plan, and both parties signed a car repurchase agreement. Mr. Nie said that Xiaomi Auto’s online customer service said: "The cause of vehicle failure cannot be determined at present, and professionals are needed to test it." In response to the above news, the reporter of national business daily tried to contact Xiaomi Automobile for verification, but as of press time, there was no response. However, when the reporter called the customer service phone of Xiaomi Automobile to inquire about the failure of intelligent driving, the other party said: "The failure of intelligent driving is a case. If there is a problem, you can contact the after-sales department to solve it accordingly, or you can choose to go to the store for testing." In response to the reporter’s question about how to ensure that similar problems will not recur in other vehicles, the above-mentioned customer service staff said: "(We) can’t ensure that there is definitely no problem with the vehicle, but if there is a problem, (we) will definitely deal with it."
In the first hour of the sale of Tmall 618, the turnover of Apple exceeded 1.5 billion, and the turnover of Huawei, Xiaomi and vivo exceeded 100 million.
According to CBN, Tmall 618, the first one to cancel the pre-sale, was officially launched at 8: 00 pm on May 20, and it was sold for one hour. The turnover of Apple exceeded 1.5 billion, and the turnover of brands such as Huawei, Xiaomi and vivo also quickly exceeded 100 million.
Xiaomi Auto Contemporary Amperex Technology Co., Limited and other joint ventures were established.
Enterprise search APP shows that recently, Beijing Times Power Battery Co., Ltd. was established with Meng Xiangfeng as its legal representative, with a registered capital of 1 billion yuan, and its business scope is battery manufacturing. Enterprise survey shows that the company is jointly owned by Xiaomi Automobile Technology Co., Ltd., Contemporary Amperex Technology Co., Limited New Energy Technology Co., Ltd. and Beijing Jingneng Technology Co., Ltd.. According to previous reports, the company will invest in building an intelligent manufacturing factory for batteries in Beijing.
[Hong Kong stock rating]
On May 24th, CMB Securities gave Xiaomi Group -W an overweight rating with a target price of HK$ 25.39.
On May 24th, open source securities gave Xiaomi Group -W a buy rating.
On May 22nd, China Merchants Securities gave Xiaomi Group -W an overweight rating.
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