Xiaomi Group’s Market Value Exceeds One Trillion for the First Time
On February 3rd, Xiaomi Group‘s stock price broke through HK$39 to reach a new high of HK$39.85, with a market value reaching HK$100 billion.
On July 9, 2018, Xiaomi was listed on the main board of The Stock Exchange of Hong Kong under the name “Xiaomi Group,” becoming the first company to go public with a different voting rights structure after the reform of the listing system at HKEX. On its first day of trading, Xiaomi‘s stock price immediately fell below HK$17, its issue price. In September 2019, Xiaomi‘s stock price dropped to HK$8.28 per share.
On January 3, 2025, it rose to as high as HK$36.25 during trading hours, hitting a new high since January 5, 2021. Just a few days ago on January 24, 2025, Xiaomi Group surged over 7% in the afternoon session and closed at HK$37.1 per share setting a new historical record.
In the third quarter of fiscal year 2024 (Q3-2024), Xiaomi Group achieved revenue of RMB ¥92.51 billion exceeding estimates by RMB ¥90.28 billion with a year-on-year growth rate of 30.5%. The net profit for Q3-2024 was RMB ¥53.5 billion compared to an estimated RMB ¥47.3 billion representing a year-on-year increase of 4.4%, which includes adjusted net losses from innovative businesses such as smart electric vehicles amounting to RMB ¥15 billion.
Xiaomi founder, chairman and CEO Lei Jun said ‘Xiaomi has delivered its strongest performance in history’.
SEE ALSO: Xiaomi Recalls 31k SU7 EVs Due to Autonomous Parking Malfunction
