Xiaomi Corporation (1810.HK) received a major vote of confidence from its top leadership as Founder, Chairman and CEO Lei Jun purchased 2.6 million shares on November 24 for over HK$100 million, raising his stake to 23.26%. The transaction follows two consecutive large-scale buybacks by the company earlier this month, where Xiaomi repurchased a total of 21.5 million shares for more than HK$800 million. With cumulative buybacks exceeding HK$2.3 billion this year, Xiaomi continues to demonstrate strong conviction in its long-term growth outlook.
The sustained insider and corporate purchases coincide with Xiaomi’s improving fundamentals and accelerating new-business momentum. In the third quarter, Xiaomi reported revenue of RMB113.1 billion, up 22.3% year-on-year, while adjusted net profit surged 80.9% to RMB11.3 billion. Its core ‘Smartphone × AIoT’ business maintained steady expansion, and its electric vehicle and AI units achieved their first quarterly operating profit. On November 20, Xiaomi announced the rollout of its 500,000th EV—setting a new industry record as the fastest new-energy carmaker to reach this milestone—reinforcing the company’s entry into a phase of scaled and rapid growth.
