One-week inventory ｜ Xiaomi Group Hong Kong stocks fell by 1.9% last week. Guotai Junan gave a buy rating.

[trend of individual stocks]

July 15th to 19th.

Last week, the Hang Seng Index fell by 4.79% and the Hang Seng Technology Index fell by 6.49%.

Xiaomi Group -W Hong Kong stocks fell 1.9% last week.Last week, the total turnover was HK$ 5.871 billion. As of last week’s close, the stock price of Hong Kong stocks was HK$ 1.652 and the market value was HK$ 413.497 billion. Hong Kong stocks rose 0.24% this month, 5.9% this year and 46.45% in the last 52 weeks.

[Stock repurchase]

Xiaomi Group -W bought back 15 million shares in Hong Kong stocks last week.

[Company comparison]

[Related News]

Lei Jun released the Xiaomi SU7 Ultra prototype, which will challenge the New North Africa mass production lap speed list in October this year.

On the evening of July 19th, Lei Jun, founder, chairman and CEO of Xiaomi, reported the progress of Xiaomi Automobile in his annual speech. Lei Jun revealed that Xiaomi Automobile learned from Porsche, aiming to become the fastest four-door tram in New North within ten years. At the same time, Lei Jun also officially released the Xiaomi SU7Ultra prototype, equipped with the Xiaomi super motor V8s. According to the plan, in October this year, the prototype will challenge the New North Africa production circle speed list. (Interface)

Lei Jun: The sound big model will get on the bus for the first time, and the Xiaomi SU7 external wake-up defense function plan will be launched in August.

On the evening of July 19th, Lei Jun, founder, chairman and CEO of Xiaomi, revealed in his annual speech that the sound model will get on the bus for the first time, and Xiaomi SU7 will wake up the defense function outside the car. It is planned to go online in August 2024. In addition, the big model will also be launched, and the mobile phone, tablet, TV and speakers will be upgraded in full, all for free. (Interface)

Lei Jun: Xiaomi Automobile expects to complete the delivery target of 100,000 vehicles in November ahead of schedule.

On the evening of July 19th, Lei Jun, founder, chairman and CEO of Xiaomi, reported the progress of Xiaomi Automobile in his annual speech. Lei Jun revealed that it is expected to complete the annual delivery target of 100,000 vehicles ahead of schedule in November. (Interface)

Xiaomi Leijun: Xiaomi car does not lose Tesla Model 3, so the pricing can’t be too cheap.

On the evening of July 19th, at Lei Jun’s annual speech in 2024, Lei Jun, chairman of Xiaomi Group, said that Xiaomi Automobile Factory could only stop the cars produced in three days, and he was afraid that he would not be able to sell them, and he was afraid that he would not be able to sell them enough. "Xiaomi car has no retreat, just like a pawn crossing the river, it can only rush forward desperately." Lei Jun said that the goal of Xiaomi Automobile at the end of 2024 is to deliver 120,000 vehicles. In terms of pricing, Lei Jun said that many people were not optimistic about Xiaomi’s new car at that time, and many employees within the company also lacked confidence. However, he insisted that Xiaomi’s new car does not lose Tesla Model3, so the pricing should not be too cheap. (SSE)

Lei Jun responded that Xiaomi Automobile did not OEM or acquire.

Lei Jun said, "More than three years ago, many friends advised me that you were already late. Just get out of the car and find a foundry. Don’t do everything yourself. At the beginning, we thought about both looking for OEM and acquisition, but it didn’t take long for us to make up our mind to start with the core technology and never try to take shortcuts. Why? Because we suffered a big loss 14 years ago. When Xiaomi started his business, it was a light model, starting with model innovation. The initial speed was very fast, but the foundation was not solid. Later, he encountered many setbacks. Up to now, I feel that we are still making up lessons. So when we started our business again, we decided not to take shortcuts, not to buy or OEM, and to start from the core technology. Make ten times the investment and seriously build a good car. " (Sina Technology)

Lei Jun once rejected the $10 billion valuation of Xiaomi Automobile.

Lei Jun responded at the speech site why Xiaomi Automobile didn’t take out independent financing and go public independently. He said that there were indeed several VCs offering prices for Xiaomi Automobile. At that time, because the market was particularly hot, the valuation was 10 billion US dollars. However, Lei Jun refused after much deliberation. "Because the cycle of building a car is very long, if we take other people’s money. It is almost impossible to keep the same idea for a long time. Moreover, a large number of talents are built inside Xiaomi, and the technology can be directly used. I am very, very clear. I think it is very difficult to build a car. I can’t do it alone. " Lei Jun said, I need the unreserved support of everyone in Xiaomi Group. I hope everyone can go all out and build a car together, so we have a chance of winning. So in the end, we decided that Xiaomi will do all his own money and take all his own risks. As long as we can do the car well, we will not hesitate. (Sina Technology)

Lei Jun responded by opening the door to the owner and was accused of "engaging in traffic"

On July 17th, Lei Jun, founder, chairman and CEO of Xiaomi, released a video in Weibo to answer questions from netizens. In the video, Lei Jun responded that driving the car door to the owner was accused of engaging in traffic, saying that he simply wanted to thank the owner. Lei Jun said in the video, "Recently, I have become the object of many people’s research, saying that I can engage in traffic, which is very powerful. In fact, this makes me a little dizzy. For example, it was actually quite simple to open the door for the owner some time ago. I just wanted to thank our owner, but I really didn’t expect it to be’ 100 billion CEO opens the door for me’. This matter is particularly hot on the Internet. " In addition, Lei Jun also said that he was a little afraid of society and was actually called a "conspicuous bag". He said that he was also very puzzled and gave an analysis: "It is estimated that if I love tossing, it will inevitably be a bit conspicuous." (Sina Finance)

Xiaomi applied for the first small folding screen mobile phone trademark.

Tianyancha’s intellectual property information shows that Xiaomi Technology Co., Ltd. recently applied for several trademarks of "xiaomiflip", "xiaomimixflip" and "mixflip", and the current trademark status is awaiting substantive examination. According to media reports, on July 17th, Xiaomi exposed the poster of its first small folding screen mobile phone, MIX Flip, which will be released at Lei Jun’s 2024 annual lecture on July 19th.

The original Xiaomi plot reappeared in the nature of residential land.

Shanghai’s high-end residential circle will have mysterious new friends to join. In the announcement of the fourth batch of residential land transfer in Shanghai in 2024, the "original Xiaomi plot" (xh128D-07 plot in Xietu Street, Xuhui District) reappeared in the nature of residential land, and it is planned to be transferred by means of "inviting and hanging". The plot was won by Mi Space (Shanghai) Information Technology Co., Ltd., a wholly-owned subsidiary of Xiaomi, in 2021. At that time, it was used as a commercial office space, with a transaction price of 1.55 billion yuan, equivalent to a floor price of 31,001 yuan/square meter. (Every property)

Xiaomi MIX Fold 4 will be released at 7 pm on July 19th.

On July 16th, Xiaomi announced that MIX Fold 4 will be released at 7: 00 pm on July 19th, and will be on sale immediately after the conference.

Xiaomi will push SU8? Xiaomi Wang Hua rumors: fake

There are market rumors that Xiaomi will announce SU8 on July 16th, and the renderings of Xiaomi SUV will be released. In this regard, Wang Hua, general manager of Xiaomi’s public relations department, rumored through Weibo: "No SU8, fake!"

Xiaomi Intelligent Technology Company increased its capital to 1.5 billion yuan.

Tianyancha App shows that recently, Xiaomi Intelligent Technology Co., Ltd. has undergone industrial and commercial changes, and its registered capital has increased from 666 million yuan to 1.546 billion yuan. At the same time, Xiaomi Jingxi Technology Co., Ltd., which is wholly owned by the company, has also undergone industrial and commercial changes, and its registered capital has increased from 660 million yuan to 1.54 billion yuan. Xiaomi Intelligent Technology Co., Ltd. was established in January 2022, and its legal representative is Lei Jun, which is wholly owned by Xiaomi Communication Technology Co., Ltd. Xiaomi Jingxi Technology Co., Ltd. was also established in January 2022, and its legal representative is Liu Lingdi.

[Hong Kong stock rating]

On July 17th, Guotai Junan gave Xiaomi Group a Buy rating of -W with a target price of HK$ 20.00.

On July 16th, Huaxing Securities gave Xiaomi Group -W an overweight rating with a target price of HK$ 21.00.

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