[trend of individual stocks]

April 22-April 26

Last week, the Hang Seng Index rose by 8.8% and the Hang Seng Technology Index rose by 13.43%.

Xiaomi Group -W Hong Kong stocks rose 9.87% last week.Last week, the total turnover was HK$ 10.91 billion. As of last week’s close, the stock price of Hong Kong stocks was HK$ 17.36, with a market value of HK$ 433.167 billion. Hong Kong stocks rose 16.2% this month, 11.28% this year and 56.96% in the last 52 weeks.

[Stock repurchase]

Xiaomi Group -W bought back 3 million shares in Hong Kong stocks last week.

[Company comparison]

[Related News]

Xiaomi: "Xiaomi Automobile has laid out 7 models" and "Xiaomi Automobile Extended Range Product Definition Benchmarking Ideal" are false reports.

A spokesman for Xiaomi Company released a message saying that there were false reports today that "Xiaomi Automobile has laid out seven models" and "the definition of extended-range products of Xiaomi Automobile is ideal for benchmarking", and the information was completely inaccurate after verification. Xiaomi Automobile is focusing on improving production capacity, accelerating the delivery of Xiaomi SU7 and continuously improving the user service experience. (Cailian)

Lei Jun appeared at the headquarters of BAIC Group: Thanks to BAIC for its concern and support for Xiaomi.

"Without the help of BAIC Group, Xiaomi Automobile would not have developed today." Lei Jun thanked BAIC for its concern and support for Xiaomi, and hoped that Xiaomi could develop with BAIC and look forward to the next close cooperation. Lei Jun and Zhang Jianyong test-drive the BJ60 Magic Nuclear Power Drive that just appeared at the Beijing Auto Show, and said, "This car is really handsome!" The two companies will further increase the intensity and breadth of cooperation in the future to jointly promote the development of Beijing’s automobile industry. (Beijing Daily)

Chuan Xiaomi Automobile Planning Three SUV Models Wang Hua, General Manager of Xiaomi Public Relations Department: The news is not true

Today, some media reported that Xiaomi Automobile has started the development of a new platform, which will adopt an extended-range hybrid powertrain. The three planned products are all SUV models, positioning family cars. According to the report, people familiar with the matter revealed that the above three models are compared with the ideal L7, the ideal L8 and the ideal L9, and the products are differentiated by changing the wheelbase and the number of seats on the same platform architecture, but the price range will be lower than the ideal product. Regarding this report, Wang Hua, general manager of Xiaomi Group’s public relations department, said at the Weibo that the news was untrue. (Sina Technology)

Xiaomi automobile has started the development of a new platform, and the three planned products are SUV models.

It is learned from several independent sources that Xiaomi Automobile has started the development of a new platform, which will adopt an extended-range hybrid powertrain. The three planned products are all SUV models, positioning family cars. According to informed sources, the above three models are compared with the ideal L7, the ideal L8 and the ideal L9. On the same platform structure, the product is divided by changing the wheelbase and the number of seats, but the price range will be lower than the ideal product. (Yicai)

Li wants to send a message thanking Lei Jun for his praise: I must give an ideal L6 Max to express my gratitude.

On April 28th, the ideal CEO Li Xiang sent a message thanking Lei Jun for sending a video praising the ideal L6: praise exceeded 700,000, and I must give an ideal L6 Max to express my gratitude. He also mentioned that during the crisis of public opinion, the Lei Jun team took the initiative to help.

() Wang Haoyu: Most of Huawei and Xiaomi mobile phones are produced by BYD.

Wang Haoyu, deputy general manager of BYD’s Energy Storage and New Battery Division, said at the 2024 Zhongguancun Forum Annual Meeting that many people think that BYD is a car company, but it is not just that. At present, most of the smart phones on the market, including Huawei and Xiaomi phones, are actually produced by BYD. The equivalent of "brain" is designed by Huawei, and the hardware is all produced by BYD. Apple’s tablet computers, mobile phones and many electronic components are produced by BYD. BYD is currently the largest electronics foundry in China, and this sector generates revenue of about 150 billion yuan a year. (The country is a through train)

Lei Jun: Publicly "seeking talents and recruiting talents", and sincerely invite talents from all over the world to join Xiaomi Automobile.

Lei Junfa Weibo said: At the auto show conference, I openly "seek talents and recruit talents", and sincerely invite talents from all over the world to join Xiaomi Automobile and build dream cars together. In the past 48 hours, we have received more than 5000 resumes. The goal of Xiaomi Automobile is to become the top five car factories in the world through 15 to 20 years’ efforts. This goal is very difficult, and we need a lot of talents, especially R&D talents. We need the best, most passionate and resilient engineers, designers, product managers and so on!

Xiaomi Auto launched Xiaomi SU7 limited-time car purchase rights in May.

According to Weibo news of Xiaomi Automobile, Xiaomi Automobile launched the limited-time car purchase rights of Xiaomi SU7 in May. From May 1 ST to 31 ST, it was decided to enjoy the whole system: ① Give a full-grain Nappa leather seat worth 8,000 yuan; 2 Xiaomi intelligent driving enhances the intelligent driving function for free for life. The rights and interests of the first sale period will expire at 24 o’clock on April 30, subject to the payment time.

Lei Jun: The male owner chooses the car, and the female owner makes the final decision. We have to please the female owner.

According to Sina Technology, at the Beijing Auto Show, Wang Chuanfu, chairman of BYD, came to Xiaomi’s booth, and Lei Jun, chairman of Xiaomi, introduced the details of Xiaomi su7 to him in detail. "In order to make female car owners feel easy to drive, the appearance of su7 is not that big, and the turning radius is also very small and flexible. Anyway, when this car was initially designed, it was thought that female car owners must like this car, so great efforts were made. In the end, so many female car owners bought our car because of the support of female car owners. Because the general male host is responsible for the election and the hostess is responsible for the decision, we have settled the decision maker. " Lei Jun said with a smile.

Lei Jun: Li Xiang, Li Bin and Tucki all agree to unify ecological construction. Why don’t you take the lead in organizing it, Wang Chuanfu?

According to Sina Technology, at the Beijing Auto Show, Wang Chuanfu, chairman of BYD, came to Xiaomi’s booth. Can Lei Jun, chairman of Xiaomi, unify the interfaces and use accessories for each other? Wang Chuanfu said that this needs to be organized. "Why don’t you take the lead in organizing it? Yesterday, I told Li Xiang and Tucki (He Xiaopeng) that they were very willing. At noon, Li Bin also came to discuss whether the ecology could be unified. If it can be unified, the playability will be much higher. Buying a car is equivalent to buying a house, which can be decorated and installed whatever you like. I don’t know if you understand me. " Lei Jun told Wang Chuanfu at the scene.

Lei Jun introduces Xiaomi SU7 to Wang Chuanfu.

BYD Auto officially disclosed that this morning, Wang Chuanfu, chairman and president of BYD Group, and his party made a special trip to visit Xiaomi Auto booth. Lei Jun, founder and chairman of Xiaomi Group, personally received and introduced Xiaomi SU7 to Wang Chuanfu.

Lei Jun acts as HR for Xiaomi Automobile: Invite global talents.

Lei Jun acts as HR for Xiaomi Automobile: We sincerely invite talents from all over the world.

Lei Jun said that Xiaomi Automobile will start the international market three years later.

According to Beijing Daily, Lei Jun, founder, chairman and CEO of Xiaomi Group, revealed the internationalization plan of Xiaomi Automobile during the annual meeting of Zhongguancun Forum in 2024: focus on the domestic market in the next three years, do a good job in the domestic market first, and then start the international market three years later.

Lei Jun: Xiaomi’s R&D investment will exceed 100 billion yuan in the next five years.

According to the Shanghai Stock Exchange, on the morning of April 25th, Lei Jun, the founder, chairman and CEO of Xiaomi Group, rushed to the plenary session of the Zhongguancun Forum Annual Meeting in 2024 from the Beijing Auto Show, and said that "the first half of smart electric vehicles is electric, and the second half has just begun. It is intelligence, and intelligence is the soul of the car." Lei Jun revealed that Xiaomi’s R&D investment will exceed 100 billion yuan in the next five years. "Our R&D funds will be 3.2 billion yuan in 2017, reaching 19.1 billion yuan last year, and it is expected to reach 24 billion yuan this year."

Lei Jun: In the past, some people vilified us as an assembly plant, but today I am proud to be called "Director Lei"

According to the Securities Times, at the plenary meeting of the Zhongguancun Forum Annual Meeting in 2024, Lei Jun, founder, chairman and CEO of Xiaomi Group, said in his speech that in March this year, our automobile factory with an investment of more than 5 billion yuan was completed. This factory is very different from the traditional factory. It is a bit like an office building, with few workers and can achieve efficient production. I was particularly excited when the factory was completed. In the past, some people often vilified us as an assembly factory. I said not to vilify us as an assembly factory because we didn’t have any factories. But today I am very proud that I can finally be called Director Lei.

Xiaomi Automobile: It is estimated that the service outlets will cover the whole country by the end of 2024.

The reporter was informed that Xiaomi is accelerating the site selection and opening of stores in an all-round way. It is estimated that by the end of 2024, Xiaomi automobile sales and service outlets will cover all provincial-level administrative regions in China, and it is planned to open 219 sales stores in 46 cities and 139 service centers in 82 cities. (Cailian)

He Xiaopeng: Lei Jun’s marketing ability is stronger than mine, but my technical ability should be stronger than his.

According to Sina Technology, the 2024 Beijing Auto Show opened, Xpeng Motors held a press conference, and He Xiaopeng, chairman of Xpeng Motors, was interviewed by the media. Regarding the attention caused by the release of Xiaomi SU7, He Xiaopeng said that he had a lot of exchanges with Lei Jun. "Lei’s marketing ability is stronger than mine, but my technical ability should be stronger than him." He said that Xpeng Motors will also improve its marketing ability.

Xpeng Motors announces brand-new brand MONA, He Xiaopeng: It will have better sales than Xiaomi SU7.

According to Sina Technology, the 2024 Beijing Auto Show opened, Xpeng Motors held a press conference, and He Xiaopeng, chairman of Xpeng Motors, delivered a speech. He Xiaopeng announced MONA, a brand-new brand in Xpeng Motors, which means Made Of New AI, positioning itself as a global AI smart car popularization. He said that MONA brand will release more information in June this year, and in the second half of this year, it will have better sales than Lei’s Xiaomi SU7.

Lei Jun talks about building a car: he will treat Apple users like Xiaomi users.

According to China, it is a through train, and auto china 2024 will open on 25th. Lei Jun, chairman of Xiaomi Group, said at the Xiaomi Auto Conference: One fact is particularly interesting. Among Xiaomi SU7 users, Apple users account for 51.9%. Xiaomi SU7 is definitely the best car to support Apple’s ecology. Although Apple doesn’t make cars, we believe that we will treat Apple users like Xiaomi users, so that every Apple user can also experience the charm of "the whole ecology of people, cars and homes".

Lei Jun: BBA users account for 29% of Xiaomi SU7 orders, and Apple users account for 51.9%.

According to the interface news, on April 25th, Lei Jun, the chairman of Xiaomi Group, said at the 2024 Beijing Auto Show that the proportion of female buyers in Xiaomi SU7 orders was as high as 28%, female car owners were expected to account for 40%-50%, BBA (Mercedes-Benz, BMW, Audi) users accounted for 29%, and Apple users accounted for 51.9%.

Xiaomi Automobile: Fully expand production capacity, and deliver more than 10,000 vehicles in June.

Xiaomi Automobile said that Xiaomi SU7 plans the first OTA in early May 2024 and the second OTA at the end of May; Fully expand the production capacity, and deliver more than 10,000 vehicles per month in June, and plan to complete the delivery target of 100,000 vehicles for the whole year.

Lei Jun: Xiaomi Automobile has more than 75,723 orders, and 5,781 have been delivered.

Lei Jun revealed that as of April 24, the number of locks on Xiaomi Automobile exceeded 75,723 units, and 5,781 units had been delivered 28 days after its release.

Xiaomi automobile: only one vehicle has fender falling off, and all of them have high-speed wading driving conditions.

On the evening of April 24th, in response to the problem of the fender falling off of Xiaomi SU7, which was reported by online users, Xiaomi Automobile official micro-posted a response saying that after verification, only one vehicle had the fender falling off, and all the vehicles in question had been driving at high speed. Xiaomi Automobile said that at the beginning of the design of Xiaomi SU7, the problem of wading in rainy days had been fully considered, and it had passed the rigorous high-speed wading test. Including 60km/h through the wet road, 20km/h through the middle and high water level, and even 300mm high water level, all the tested millet SU7 were in good condition and no parts were damaged. "At present, we can’t confirm the specific wading depth, passing speed, steering posture of the accident vehicle at that time, and whether there are local pits or scratches on the road surface."

Xiaomi Group Nanjing East China Headquarters will be opened in early May.

According to Nanjing Daily, Xiaomi Group’s East China headquarters will be opened in early May, when 5,000 people are expected to settle in, making it the largest R&D center in China except Xiaomi’s Beijing headquarters. As a major planned development project in Jiangsu Province, a key project in Nanjing’s famous enterprise settlement plan, and also a key software R&D base established by Xiaomi Group in East China, Xiaomi East China Headquarters aims to become a software R&D center in East China, and will gather advantageous businesses such as mobile phone software and the Internet, as well as scientific and technological ecological chain projects in the future.

Xiaomi Auto’s first large-scale OTA upgrade plan will be announced soon, and some function optimizations will be pushed from tomorrow.

Xiaomi Auto updated the latest issue of "Xiaomi SU7 Answers User Questions". Xiaomi Automobile said that it plans to push some function optimizations to users from April 24, including the following contents: fixing the problem that the electronic lock can’t be unlocked by charging gun button occasionally after the AC charging system enters the protection mechanism; Optimize the charging logic and improve the charging compatibility of third-party brand charging piles; Repair the accidental failure of the sound reduction function of opening the door. Xiaomi Automobile said that this function optimization is a small optimized version. The first major version upgrade of Xiaomi SU7 will be announced at the Beijing Auto Show on April 25th. (Xiaomi Automobile)

(): Provide message push service for Xiaomi Auto APP through push SDK.

Daily interaction on the interactive platform indicates that the company provides message push service for Xiaomi Auto APP through pushing SDK, and provides users with relevant information about Xiaomi Auto, real-time vehicle status and community communication dynamics based on the performance advantages of pushing SDK, such as high concurrency, high speed and high reliability, which strongly supports the real-time reach demand of large-scale users of Xiaomi Auto APP.

Xiaomi responded to the video "The bumper paint fell off two days before SU7 Max picked up the car": there was inaccurate content.

Weibo, a spokesperson for Xiaomi Company, posted a message on April 23rd, saying that he was concerned that a user posted a video of the bumper paint falling off two days before Xiaomi SU7Max picked up the car on the social platform. After verification, there were inaccurate contents in the user’s video. The user is not the first owner of the vehicle, nor is he picking up the car for two days. The reason for paint dropping is that the first owner made a color change film for the whole car, and then the paint on the inner side of the bumper was stuck after the user tore off the film, which was not a product factory problem. Xiaomi SU7 bumper adopts three-layer spraying process of primer, topcoat and varnish, which effectively ensures the consistency with the body color. However, if it is not standardized in use, it may cause damage to the paint surface, which is well known.

Xiaomi will launch a pure electric SUV and plan a lower-priced model at the same time.

It is learned from the industry that Xiaomi’s second new car is positioned as a pure electric SUV. Earlier, there were media reports that this car is expected to be launched in the first half of 2025, continuing the design level of the first car; The third car is initially positioned at 150,000 yuan and is expected to be launched in 2026. (36Kr)

Lei Jun: The best way to deal with competition is not only price war, but also product strength.

Regarding the price reduction of Tesla, Lei Jun, founder, chairman and CEO of Xiaomi Group, said at the investor conference of Xiaomi Group, "Tesla is also a friend to us. I think the best way to deal with competition is not only price war, but also product strength. In the future, we will concentrate on making the product well, carefully collect the feedback from every user on this car, and strive to further improve it, which is the focus of our attention. I think it is also a better competitive strategy to improve product strength and make products well for users. " (Yicai)

Lei Jun: At present, we are most concerned about the three businesses of automobile, 澎湃 OS and AI.

Lei Jun, founder, chairman and CEO of Xiaomi, said at the investor conference of Xiaomi Group that the three businesses that are most concerned at present are automobile, 澎湃 OS and AI. In addition, we also pay special attention to two things: first, build a competitive R&D team. Today, Xiaomi has nearly 20,000 engineers, and how to build a R&D team of 50,000 or even 100,000 people in the future; Second, how to effectively sort out the process, process and informatization is the focus of our future work to ensure management and improve efficiency. (Yicai)

Lei Jun: Xiaomi Automobile will focus 100% on the domestic market in the next three years.

Lei Jun, founder, chairman and CEO of Xiaomi Group, said at the investor conference of Xiaomi Group that in terms of business deployment, we will focus 100% on the domestic market in the next three years, and it is our first step to do a good job in the China market. At the same time, because half of our business income comes from the global market, we do business in more than 100 countries, and there are offices and branches in more than 30 countries. We have global influence and global rice noodle foundation, and it should be natural to make a global market when we are ready. (Yicai)

Lei Jun: Xiaomi SU7 proves that pure electric cars are a big market.

Lei Jun, founder, chairman and CEO of Xiaomi, said at the investor conference of Xiaomi Group that behind the initial success of the release of Xiaomi SU7, Xiaomi SU7 proved that pure electric cars are a big market. In the past, this market was small, but no one made it. In the traditional automobile industry, the market demand for SUVs and cars is 1:1. In the field of pure electricity, cars are definitely the mainstream demand. (Yicai)

Lei Jun: The annual budget of the intelligent driving team is about 1.5 billion yuan, which will further increase the investment in intelligent driving.

Lei Jun, founder, chairman and CEO of Xiaomi Group, said at the investor conference of Xiaomi Group that at present, the annual budget of the intelligent driving team is about 1.5 billion RMB, which is more than 1,000 engineers. In the next stage, it will be expanded to 1,500 this year and 2,000 next year, further increasing the investment in intelligent driving. In terms of overseas market planning, Lei Jun said that in terms of business deployment, it will focus 100% on the domestic market in the next three years, and doing a good job in the China market is the first step for Xiaomi Automobile. (Interface)

Lei Jun: The gross profit margin of Xiaomi SU7 is expected to be 5%-10%.

Lei Jun, founder, chairman and CEO of Xiaomi, said at the investor conference of Xiaomi Group that the gross profit margin of Xiaomi SU7 is expected to be 5%-10%. "Today’s sales volume is much larger than expected, and we need to carefully calculate the specific figures." (Interface)

Weilai Channel Person: Give a subsidy of 5,000 yuan to consumers who have already made a decision on Xiaomi SU7.

After visiting a number of new energy auto stores, the reporter found that Weilai offline has introduced corresponding subsidies for consumers who have already made Xiaomi SU7. Weilai auto store sales said: "As long as you place an order, we will also subsidize 5,000 yuan. Our’ big decision’ is also 5,000 yuan, and even if you lock the order and the factory arranges production, you can refund the deposit at any time. " In addition, Tucki, Ideality and other stores said that many models have adjusted their prices, or introduced time-limited subsidies, and no longer introduced separate offers for Xiaomi SU7 lock owners. (Cailian)

Lei Jun: We are making every effort to expand the production capacity of Xiaomi SU7, and the standard version and Max are delivered ahead of schedule on April 18th.

Lei Jun, chairman of Xiaomi Group, issued a document saying that it is now fully expanding the production capacity of Xiaomi SU7. It was originally planned that the standard version and Max would be delivered at the end of April, which was advanced to April 18th.

The kick-off meeting of the national key R&D plan project led by Xiaomi was held in Beijing.

According to the official micro news of Xiaomi Company, on April 20th, the kick-off meeting of the key project of "Intelligent Robot", the national key R&D plan in 2023, led by Xiaomi, was held in Beijing Xiaomi Science and Technology Park. The project focuses on the research and development achievements of high-end manufacturing demand such as electronic products, which helps to accelerate the formation of a rapid reconstruction of large-scale customized production mode and support the transformation and upgrading of China’s high-end manufacturing industry.

Lei Jun: In 2024, the delivery target of Xiaomi su7 will exceed 100,000 vehicles.

Lu Weibing, president of Xiaomi Group and general manager of Xiaomi brand, issued a document saying, "Mr. Lei announced that the delivery target of Xiaomi su7 will exceed 100,000 vehicles in 2024."

Lei Jun: As of April 20th, the number of SU7 locks of Xiaomi Automobile has exceeded 70,000 units.

Lu Weibing, president of Xiaomi Group and general manager of Xiaomi brand, issued a document announcing: "Today, Mr. Lei announced at the Xiaomi Investor Conference that by April 20th, the number of Xiaomi SU7 locks had exceeded 70,000!"

Lei Jun responded to "Zhijie S7 intercepts Hu Xiaomi SU7": I am really anxious to buy domestic new energy vehicles.

Lei Jun Weibo, chairman of Xiaomi Group, said that the production capacity and delivery speed of Xiaomi SU7 are rapidly improving, and the standard version and Max have been delivered in advance. If users are really in a hurry to buy a car, domestic new energy vehicles are good, for example, Zhijie S7, Weilai ET5, Tucki P7 series, etc., you can also consider buying.

Huawei responded to Zhijie S7 intercepting Hu Xiaomi SU7: I don’t know about it at present.

Recently, it has been rumored that Huawei Zhijie S7 "cut off" the order of Xiaomi SU7: if you buy any Zhijie S7 now, you will directly deduct the non-refundable deposit of 5,000 yuan from the car price after paying the final payment. Huawei staff said that there is indeed such a policy. In this regard, Huawei related people said that they are not aware of this at present. There are many consumers who have been to the store for test drive in the past few weekends, and the ability to deliver on a large scale is also the focus of consumers’ attention. (Red Star News)

Xiaomi: On April 25th, the number of orders locked by Xiaomi SU7 and the new plan will be announced.

Xiaomi Company said that the release conference of Xiaomi Auto Beijing Auto Show was scheduled for April 25th. At that time, Lei Jun will announce the number of lock orders listed for 28 days and the new plan of Xiaomi SU7 this year.

Some Huawei stores "cut off Hu" Xiaomi SU7 big users: buy wisdom S7 to reduce the deposit of 5,000 yuan.

According to the Chengdu Business Daily "Red Star Capital Bureau" news, there have been rumors in the market recently that the "reloaded" intellectual S7 began to "cut off" the order of Xiaomi SU7. Specifically, it is to buy any model of Zhijie S7, and after paying the final payment, directly deduct the non-refundable deposit of 5,000 yuan from the car price. The media asked a Huawei authorized experience store in Chengdu, Sichuan for the above information on Sunday, and the staff said, "There is such a policy". The staff member even said, "HarmonyOS Zhixing signing stores all over the country can apply for customers." It is reported that since the listing of Xiaomi SU7, Huawei’s major stores have launched this temporary policy, which will last until the end of May.

[Hong Kong stock rating]

On April 24th, CMB Securities gave Xiaomi Group -W an overweight rating with a target price of HK$ 22.19.

On April 22nd, changjiang securities gave Xiaomi Group -W a Buy rating.

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