Xiaomi Allocates 29.37 Million Shares as Incentives for Employees and Suppliers, Valued at Approximately HK$1.14 Billion
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Author:小编   

On the evening of November 19, Xiaomi Corporation revealed that, as part of its 2023 Share Incentive Plan, it would distribute 29,366,734 shares among 3,334 chosen recipients, with an aggregate value nearing HK$1.14 billion. Furthermore, an additional 1,938,356,501 shares and 123,623,260 shares have been earmarked for potential future awards. On that same day, Xiaomi Hong Kong conferred 496,300 share options upon three employees, while setting aside 527,087,611 shares and 50,000,000 shares for possible future allocations. Prior to this, in March 2022, Xiaomi had already bestowed shares upon 4,931 employees, with a cumulative worth of HK$2.585 billion. According to Xiaomi's third-quarter financial statement, the company's revenue soared to RMB 113.1 billion, marking a 22.3% year-over-year surge, accompanied by an adjusted net profit of RMB 11.3 billion, which represented a substantial 80.9% year-over-year hike. Notably, the automotive segment excelled, with revenue climbing to RMB 29 billion, reflecting a remarkable year-over-year increase exceeding 199.2%, and achieving operational profitability for the first time within a single quarter. The delivery volume of new cars soared to a record 108,796 units, accompanied by an uptick in the Average Selling Price (ASP). Nevertheless, the growth pace of the core business decelerated, with the Smartphone × AIoT division's revenue reaching RMB 84.11 billion, up by 1.6% year-over-year, while smartphone revenue witnessed a 3.1% decline. During the first three quarters, Xiaomi's cumulative R&D expenditure amounted to RMB 23.5 billion, with a quarterly investment of RMB 9.1 billion, marking a 52.1% year-over-year increase.