According to the information of Tianyancha, on January 28, 2022, Beijing Xiaomi Electronics Co., Ltd. added new industrial and commercial changes: Lei Jun stepped down as the chairman of the company; Lin Bin and Liu Qin stepped down as directors of the company.
It is worth noting that in the past six months, Lei Jun has successively withdrawn from many affiliated companies of Xiaomi, including the legal representative, executive director and general manager of Xiaomi Technology (Wuhan) Co., Ltd., and the chairman of Guangzhou Xiaomi Communication Technology Co., Ltd. and other positions.
So the question is, where will Lei Jun go after leaving office? What's the point behind that?
(Beijing Xiaomi Electronic Products Co., Ltd. added industrial and commercial changes)
(Lei Jun has withdrawn from many affiliated companies of Xiaomi)
Lei Jun delegated power? Xiaomi has adjusted its organizational structure many times
Before answering this question, let's first look at the company that Lei Jun withdrew from this time, what exactly does it do?
According to the information of Tianyancha, Beijing Xiaomi Electronic Products Co., Ltd. was established in January 2012 with a registered capital of 27 million US dollars, and the legal representative is Zhang Feng, and the business scope includes:
Commissioned production of smart set-top boxes, home air conditioners, smart TVs, home film and television equipment and electronic products;
Research and development of computer software, information technology, mobile phones;
Selling self-developed products;
Provision of technical advice, technical services, technology transfer, technical training;
Computer system integration;
Import and export of goods, import and export of technology, import and export of agents;
Design, production, agency and publish advertisements;
Technical development of mobile phones;
Communication equipment maintenance; communication equipment manufacturing.
According to the equity penetration chart, the company is wholly owned by Xiaomi H.K. Limited.
(Image source: Tianyancha)
From the above information, it can be seen that Xiaomi's subsidiary is mainly based on major appliance products.
In addition, it is worth noting that in the past year, Xiaomi's organizational structure has been adjusted many times. Previously, some media reported that as of December 10, 2021, more than 30,000 employees of Xiaomi had received the 35th internal letter of adjusting the organizational structure and personnel appointments in the year, which was more frequent than in 2020.
Market capitalization evaporated more than half, millet to cool?
However, in addition to the company's organizational structure adjustment, 21ic also noticed that the stock price of Xiaomi Group has recently fallen and fallen.
As of the close of Hong Kong stocks on January 27, Xiaomi's stock price closed at HK$16.48 per share, with a total market value of HK$412 billion, once again falling below the issue price of HK$17. Compared with the highest 35.9 Hong Kong dollars / share, Xiaomi's market value has evaporated by more than half!
After the opening of the market on January 28, Xiaomi's stock price continued to decline. In this regard, many users have shouted under Lei Jun's Weibo: "Xiaomi stock broke, save Xiaomi", "Lei Zong, our stock has fallen into what virtue", "It doesn't matter if we break, what should we do"...
(Xiaomi stock price continues to rise)
So, why does Xiaomi's stock price keep falling?
Some insiders pointed out that this can be mainly attributed to two points: first, the current market situation as a whole is showing a downward trend, and the stock prices of many listed companies are falling; second, according to the data research institute Counterpoint Research recently announced China's mobile phone shipments in the fourth quarter, Xiaomi's shipments in the domestic market are only 13%, and the market share ranks fifth, which has aggravated the decline in Xiaomi's stock price.
(Source: Counterpoint Research)
In addition, according to Xiaomi's previously released financial report, in the third quarter of 2021, Xiaomi's smartphone revenue was 47.825 billion yuan, a decrease of 19.1% from the previous quarter, and mobile phone shipments were 43.9 million units; compared with 52.9 million units in the second quarter, a decrease of 9 million units.
In this regard, Xiaomi's explanation is that it is mainly due to the shortage of global core components (including SoC).
Lei Jun responded by withdrawing from a number of Xiaomi affiliated companies
Seeing this, many people may think that Xiaomi is not going to work? Is Lei Jun going to "fly alone"?
However, just when everyone was talking about it, Xiaomi executives and Lei Jun himself personally responded.
First of all, Wang Hua, general manager of the public relations department of Xiaomi Group, responded that "Lei Jun's withdrawal from many Xiaomi affiliated companies" is a normal change. Mr. Lei's energy this year is mainly focused on car-related matters, and executives can already share some of the relevant work and responsibilities. This is a gesture, but also an action, I believe you still remember at the investor meeting Lei zong happily revealed that "the current progress of Xiaomi car manufacturing, faster than I expected." "This information has shown that xiaomi's work of building cars has accelerated. Whatever can be ignored must be ignored! Remember that?
Then, he explained that many media omitted the full name of "Beijing Xiaomi Electronic Products Co., Ltd." on the topic, and directly became "Lei Zong stepped down as chairman of Xiaomi". Now the enterprise inspection is good, the sky eye inspection is good, can search the company's main business scope is "commissioned production of smart set-top boxes, household air conditioners, smart TVs, home film and television equipment and electronic products." In other words, this subsidiary is mainly mainly mainly used for major appliances. Zhang Feng, group partner and senior vice president, serves as the chairman of the group procurement committee and is also in charge of the TV, notebook and major appliances divisions, so the legal person of this company is Zhang Feng. It doesn't take much effort to check it out a bit!
(Image source: Wang Hua Weibo)
Subsequently, Lei Jun himself also said that there are many subsidiaries under xiaomi group, and the adjustment of the board of directors and legal representatives of the subsidiaries is very normal, and everyone does not have to misunderstand.
(Image source: Lei Jun Weibo)
In order to build a car, how much does Xiaomi fight?
I believe that people who know Xiaomi know that Lei Jun has done everything in his power to build a car.
Recently, some media reported that Yu Liguo, president of the original pure electric high-end brand Jihu Automobile, joined Xiaomi Automobile and served as vice president of Xiaomi Automobile and political commissar of Xiaomi Automobile Beijing headquarters.
According to people familiar with the matter, the reason why Lei Jun, chairman of Xiaomi Group, appointed Yu Liguo as vice president is precisely his performance in the process of creating the Jihu brand. In particular, he has demonstrated his experience and ability in the cooperation between BAIC and Huawei and Magna.
In this regard, some analysts believe that Yu Liguo is the first executive of Xiaomi Automobile to disclose the traditional automobile industry background. From the comprehensive point of view of his age and experience, it does meet the requirements of "young executives" favored by Lei Jun, and it is also very suitable for the talent needs of the Xiaomi automobile brand when it is newly created.
According to 21ic's understanding, since Lei Jun officially announced in March 2021 that Xiaomi will invest 10 billion yuan in cross-border car manufacturing, Xiaomi cars have frequently moved. Xiaomi's related investment institutions have also invested in dozens of enterprises in the automotive industry chain, currently covering autonomous driving (Momenta, Zhixing), electronic electronic control (Aoykes, Banya Technology), lidar (Beixing Photon), intelligent vehicle (New Case Technology, Ruimi), electronic navigation (Kailide) and many other fields.
It can be predicted that the xiaomi car-making process is accelerating, and after the car-making team is built and the supply chain is fully prepared, xiaomi automobile will surely enter the fast lane of development!
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