Xiaomi Deploys HKD162M to Repurchase 5 Million Shares
Xiaomi Group (01810.HK) executed a share buyback on March 30, 2026, repurchasing 5 million shares from the open market for a total of approximately HKD162 million. The transactions were carried out on the Hong Kong Stock Exchange at a tight price range between HKD32.22 and HKD32.38 per share. This action provides a direct injection of capital to support the company's stock price and signals management's belief that the shares are undervalued.
This latest purchase is a component of a larger capital return strategy. Since receiving authorization from an ordinary resolution passed on June 5, 2025, Xiaomi has systematically bought back 286 million shares. These cumulative repurchases now account for 1.1% of the company's total issued share capital, effectively reducing the number of shares outstanding and increasing earnings per share (EPS) for remaining investors.
Buybacks Signal Confidence Across Chinese Tech Sector
Xiaomi's move is not an isolated event but rather reflects a broader trend among Chinese technology and finance companies. On the same day, Roma Green Finance announced a new US$100 million share repurchase program. Similarly, BOSS Zhipin disclosed that its repurchases in 2026 have already exceeded RMB540 million. This pattern suggests a collective effort by management teams across the sector to demonstrate financial health and commitment to shareholder returns.
By repurchasing stock, these companies are sending a strong message to the market. The use of corporate cash for buybacks is a classic signal that leadership believes its stock's current market price does not reflect its intrinsic value or future growth prospects. For investors, these actions can provide a degree of price support and reinforce confidence in the company's long-term strategy.
