Xiaomi's decline did not stop after breaking again.
On January 28, Xiaomi Group (1810. HK) after yesterday's break, the stock price once again fell, fell at one point at 3.5% intraday, the stock price fell to 15.88 yuan, while the stock price refreshed the lowest in nearly 17 months.
Yesterday, Lei Jun released a Weibo saying, "Lei Jun Tiger Year limited WeChat red envelope cover is coming, for fans to prepare an exclusive password benefits, in advance to wish everyone a happy Spring Festival!" But the comment area has been full of netizens complaining about Xiaomi's stock price. As of the morning of January 28, Lei Jun's Weibo comments had exceeded 1,200.
Xiaomi pushes forward to build cars
Xiaomi's stock price has experienced several twists and turns since last year. At present, the market value has evaporated by HK$478.9 billion from the highest value, and the stock price has fallen by 54% from the highest value.
Coinciding with the poor performance of the stock price, Xiaomi has been worried about it since last year. Just before the start of last year, the U.S. government put nine Chinese companies on a blacklist that was "related to the Chinese military," including mobile phone maker Xiaomi and aircraft maker COMAC. Under the investment ban, U.S. investors are required to sell their shares in "blacklisted" companies by November 11 of that year. Affected by this, after the opening of Hong Kong stocks at that time, xiaomi group stocks fell sharply.
However, in May last year, Xiaomi Group reached a settlement agreement with the US Department of Defense, the former will be removed from the so-called "military blacklist" of the Trump era.
● On the evening of January 5 this year, Xiaomi was rumored to have been chased by the Indian Ministry of Finance to pay 653 crore in taxes. In this regard, Xiaomi responded to the reporter that Xiaomi adheres to legal and compliant operations around the world and abides by the relevant laws and regulations of the place of operation. Xiaomi said that the Indian authorities required Xiaomi to pay back the import tax related to the royalties between April 1, 2017 and June 30, 2020, which has nothing to do with Xiaomi's recent business, and the official statement is not the final result.
Under the negative news, Xiaomi's performance is also facing challenges. In the third quarter of 2021, Xiaomi achieved revenue of 78.06 billion yuan, an increase of only 8.2% year-on-year; adjusted net profit of 5.18 billion yuan, an increase of 25.4% year-on-year. At the same time, the news of Xiaomi's car manufacturing is still in the ear. In March last year, Xiaomi Group announced that the company intends to set up a wholly-owned subsidiary to be responsible for the smart electric vehicle business. The initial investment is RMB 10 billion, and the investment is expected to be US$10 billion over the next 10 years. Group CEO Lei Jun will also serve as CEO of the Smart Electric Vehicle business.
On the future trend of Xiaomi Group, the latest research report of CITIC Construction Investment pointed out that it is expected that Xiaomi's revenue in the fourth quarter of 2021 will be 81.4 billion yuan, an increase of 13.1% year-on-year, and the adjusted net profit will be 3.1 billion yuan, a slight decline of 5.6% year-on-year. In terms of sub-sectors, the mobile phone business in the fourth quarter will decline from the previous quarter due to the lack of cores, but the gross profit side growth will help mobile phone revenue increase by about 11% year-on-year, which is expected to be about 47.3 billion yuan, the IoT business is expected to increase by 22% year-on-year to 25.7 billion yuan, and the Internet service business is expected to increase by 24% year-on-year to 7.7 billion yuan. The smart electric vehicle business is advancing in an orderly manner, and mass production is expected in the first half of 2024. In 2022, the Beijing Municipal Government Work Report clearly proposed to promote the start of construction of Xiaomi Automobile, optimistic about the company's medium- and long-term value.
It was once said that the stock trading software was deleted
Looking back on xiaomi's listing process, Xiaomi Group landed on the Hong Kong Stock Exchange on July 9, 2018, with an issue price of HK$17.
In his personal annual speech in August last year, Lei Jun recalled the long-term experience of Breaking down after Xiaomi's listing. Lei Jun mentioned that after repeated discussions in early 2018, Xiaomi finally determined to list in Hong Kong, when the capital market was very optimistic about Xiaomi, the investment bank gave a valuation of 17 Hong Kong dollars to 22 Hong Kong dollars, almost all entrepreneurs did not hesitate to choose a higher point more expensive, Xiaomi did not hesitate to choose the lowest price, because it is hoped that Xiaomi's stock and Xiaomi's products are the same, the price is thick.
But the reality disappointed Lei Jun, on July 9, 2018, Xiaomi was listed on the Hong Kong Stock Exchange, with more than 600 people watching the ceremony, and the result was broken as soon as it opened. "None of us wanted to face this situation, and our hearts were particularly uncomfortable, so we (Lei Jun and Xiaomi co-founder Lin Bin) hid in a utility room on the Hong Kong Stock Exchange." Lei Jun said.
Subsequently, Xiaomi's stock price has been lower than the issue price for a long time, and the stock price has gone all the way down. On September 2, 2019, Xiaomi Group's stock price fell to a low of HK$8.28.
"At that time, almost everyone was about to collapse, and some people even thought that it would fall to 4 yuan, during that time, I was particularly reluctant to meet investors, I met them what did I say?" Lei Jun recalled the darkest moment at that time, "There was an investor who insisted on seeing me, and as soon as he sat down and only exchanged a few words of greeting, he said unceremoniously, How did you let me lose so much money? I really don't know how you did it. Then from Xiaomi's strategy to Xiaomi's products, to Xiaomi's management, I was trained like a primary school student for more than an hour. I don't want to tell everyone that my shirt was wet at the time, and I sat alone in the conference room for a long time after the meeting, and that moment was particularly desperate. ”
In order to save the sluggish stock price, Xiaomi launched multiple rounds of buybacks. Lei Jun once said, "Xiaomi paid 3.6 billion Hong Kong dollars of real money and silver, with an average price of 9.35 Hong Kong dollars to buy a large number of millet stocks." ”
Since May 2020, with Xiaomi's march into the high-end market, Xiaomi's stock price has risen all the way, from HK$10 to a peak of HK$35.9 in January 2021 in less than a year, and the market value has risen to nearly HK$900 billion. So far, Xiaomi's stock price has doubled from the issue price of HK$17.
Then Xiaomi's stock price sang all the way, and by January 4 this year, Xiaomi's stock price reached 34 yuan. The bull we had bragged about at the celebration dinner had finally been fulfilled, and the psychological shadow caused by the breakage of the hair had finally disappeared. Lei Jun said, "I seriously said to my comrades that I no longer have to care about the stock price, and those stock software are useless to me, and all of them can be deleted." Lei Jun said.
It is worth noting that the enterprise check App shows that recently, Beijing Xiaomi Electronic Products Co., Ltd. added new industrial and commercial changes, Lei Jun stepped down as the chairman of the company, the company was established in January 2012. Enterprise investigation shows that in recent times, Lei Jun has successively withdrawn from Xiaomi-affiliated companies.
(Editor-in-charge: Zhang Qianye)
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