As one of the world's top three mobile phone brands, Xiaomi Group announced today that a total of 174.9 million Xiaomi shares were awarded to 4931 employees, with an average of about 410,000 yuan per person. Many netizens expressed envy, this is "someone else's company", it seems that Xiaomi is really rich, so much money can not add up to more than 2 billion?
In fact, friends familiar with Xiaomi know that this is not the first time it has issued equity incentives, but the scale of this time is too large, so it is hot out of the circle to cause the whole network to pay attention. Nearly 5,000 employees get stocks, an average of 410,000 yuan per person, roughly calculated about the market value of more than 2 billion, the average company certainly can not afford such a large expense, only the world's top 500 like Xiaomi can.
In addition to equity incentives, Xiaomi also set up the "Million Dollar Technology Award" in 2019, which produced four awards in three years: Xiaomi MIXα Surround Screen Team, MIUI Privacy Protection Team, and 120W Wired Second Charger Team/Xiaomi CyberDog Team. The above teams can receive a reward of $1 million, and there are dozens of finalist awards in the competition, and most of the black technology can be converted into mass production technology.
In addition, Xiaomi also set up a "Young Engineer Incentive Plan", in which more than 700 selected employees received 16.04 million shares and 20,000 employees each received 1,000 shares. Xiaomi's purpose is very clear, that is, it hopes to issue a variety of incentives, let employees roll up their sleeves and work hard, make more achievements to lead Xiaomi to continue to move forward, and lay a solid foundation to practice the majestic goal of "surpassing Apple" proposed by Lei Jun.
Lei Jun has proposed more than once that xiaomi's most valuable wealth is "people", and it is both the old employees who have worked hard for xiaomi for ten years to be inspired, as well as the new faces who have just joined the company. Now these employees are still too small, Lei Jun hopes to recruit another 5,000 excellent engineers this year, such a huge scale is exactly the same as last year.
This also shows from the side that a company with lofty ambitions cannot be stingy with its own employees, and can only work hard to make employees feel the bright future. Xiaomi also gets a huge return from the current investment, the latest release of the 2021 financial report shows that the revenue of 328.3 billion yuan, an increase of 33.5% year-on-year, of which the net profit of 22 billion yuan increased by 69.5% year-on-year. Since the profits brought by employees to Xiaomi, Xiaomi naturally will not treat these employees badly, so that there can be a virtuous cycle.
At the same time, Xiaomi also announced an important decision to continue to repurchase 10 billion Hong Kong dollars of shares, showing that Xiaomi has strong confidence in the company's development prospects. Combined with the employee incentive plan, the recruitment plan for 5,000 engineers in the new year, and the research and development plan of 100 billion yuan in 5 years, Lei Jun's goal of "dry turning apples" last year is definitely not just talking, and now it is moving in this direction.