Xiaomi repurchases 3.26 million shares for HKD100 million

Xiaomi Corp. (01810.HK) bought back 3.256 million of its shares for about HKD100 million ($12.8 million) on Friday, accelerating its ongoing buyback program.

The repurchase was disclosed in a filing to the Hong Kong Stock Exchange, where the company's shares are traded. The move is part of a shareholder mandate approved on June 5, 2025, aimed at returning value to investors and bolstering the stock price.

The shares were acquired at a price range of HKD30.62 to HKD30.82. Since the mandate began, Xiaomi has cumulatively repurchased approximately 383 million shares, which represents 1.48 percent of its issued share capital. The latest buyback occurs as short-selling interest in the stock remains elevated, with a short-sell ratio of 31.87 percent reported on Friday.

The continued share repurchases signal management's confidence that the stock is undervalued and provide support for the share price. By reducing the number of shares outstanding, the buybacks also mechanically increase earnings per share, a key metric for investors. The consistent execution of the buyback program provides a floor for the stock and may counteract selling pressure from short-sellers. Investors will watch for the program's continuation as a sign of the company's outlook on its valuation and future performance.

This article is for informational purposes only and does not constitute investment advice.