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Xiaomi: The company's share prices in Hong Kong exceeded all expectations

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Ο Xiaomi Group recorded a large increase in its share price in Hong Kong, attracting the attention of the global market


On the last trading day of the Chinese lunar year, the Hong Kong stock exchange closed half a day early.

The stock market of Hong Kong had an excellent performance this year, with the index Hang Seng, Hang Seng technology index and Hang Seng China business index to increase by 28,44%, 51,05% and 39,11%, Respectively.

Among the technological leaders in the market, the Xiaomi Group recorded a large increase in its share price, attracting the attention of the market. At the close, the Xiaomi Group's share price was at 38,3 Hong Kong dollars (about 4,55 euros), with market capitalization of HK$961,49 billion (approximately 114,16 billion euros), approaching the one trillion mark.

Xiaomi shares soar in Hong Kong

The strong performance of Xiaomi Group's share price is closely linked to the continuous development of the group's core businesses. The share price exceeded 38 Hong Kong dollars (about 4,55 euros), marking a major milestone for the company.

Xiaomi ranks among the top three smartphone manufacturers in the world, with excellent performance in the domestic market. In the fourth quarter of 2024, Xiaomi's market share in China reached second place, maintaining its position as the world's third largest smartphone manufacturer throughout the year.

The national subsidy for the purchase of mobile phones, which began in January 20, and led to a sharp increase in sales of Xiaomi smartphones, with sales in some regions reaching levels four to five times higher than usual.

The automotive industry has also emerged as a new force for Xiaomi, with the SU7 model enjoying huge success in the Chinese market. The company's first electric vehicle was launched in China in late March 2024, and the Xiaomi SU7 It quickly became one of the most popular domestic all-electric sedans of the year due to its excellent performance and affordable price.

In December 2024, the volume of deliveries even exceeded Tesla Model 3 (in China), while it is expected that in January 2025, the production of Xiaomi SU7 will arrive at approximately 26.000 units.

In addition to the above, Xiaomi's smart home appliance production accelerated its production capacity with the construction of the first smart home appliance factory, which was successfully completed in just two months from the start of work.

The factory is located in the high-tech zone East Lake of Wuhan and covers a area of ​​751 acresThis is the third largest factory of the Xiaomi group after the car and smartphone factories.


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