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XIAOMI-W CFO: New-Gen SU7 Orders Beat w/ Plans to Tap into European Mkt Next Yr
Recommend 15 Positive 36 Negative 7 |
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XIAOMI-W (01810.HK) Vice President and CFO Alain Lam revealed during the earnings conference call that the new generation SU7 from Xiaomi breached 15,000 orders within 34 minutes of launch, and surpassed 30,000 orders within three days. Lam expressed strong confidence in future orders. Lam remarked that Xiaomi is continuously committed to enhancing shareholder value and actively repurchasing shares in the open market. In 2025, Xiaomi's share repurchase amounted to $6.3 billion, and in 2026, Xiaomi plans to further increase repurchase efforts and will launch a $2.5 billion automatic repurchase program for the first time. Since the beginning of this year, Xiaomi's share repurchase amount has reached $4.7 billion, fully demonstrating the company's confidence in its long-term development. The CFO also disclosed that the timeline for Xiaomi Auto's foray into the European market next year remains unchanged. AASTOCKS Financial News Website: www.aastocks.com |
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