Shulou(Shulou.com)11/24 Report--

According to CTOnews.com news on June 23, Xiaomi Group announced on the Hong Kong Stock Exchange that 2.5 million shares of the company were repurchased at a price of HK $2498.14 million (CTOnews.com Note: currently about RMB 22.908 million).

It is understood that Xiaomi Group has repurchased 20.1 million shares on the HKEx so far this year (since the passing of the ordinary resolution), and the securities repurchased on the HKEx since the date of adoption of the resolution accounted for 0.08 per cent of the number of shares issued at the time of the passage of the ordinary resolution.

As of June 21, 2023, the number of shares issued by Xiaomi Group is 25041083452 shares (including 4585909150 Class An ordinary shares and 20455174302 Class B ordinary shares).

Xiaomi reported on May 24 that its revenue for the first quarter of 2023 reached 59.5 billion yuan, down 18.9 percent from the same period in 2022, and its adjusted net profit was 3.233 billion yuan, an increase of 13.1 percent over the same period in 2022. This includes 1.1 billion yuan for innovative businesses such as smart electric vehicles. In the first quarter of 2023, Xiaomi's overall gross profit margin reached 19.5%, an all-time high.

Xiaomi shipped 30.4 million smartphones worldwide in the first quarter of 2023, down 13.3% from a year earlier and the lowest Q1 shipment since 2014. In the quarter, Xiaomi earned 35 billion yuan from its smartphone business. Xiaomi ranks third in global smartphone shipments this quarter, with a market share of 11.3%, according to Canalys.

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