
On the last trading day of the Chinese Lunar Year, the Hong Kong stock market closed half a day early. Looking back on the Year of the Dragon, the Hong Kong stock market has performed excellently, with the Hang Seng Index, Hang Seng Technology Index and Hang Seng China Enterprises Index rising by 28,44%, 51,05% and 39,11% respectively. Among the market's technology leaders, Xiaomi Group saw a surge in its share price, attracting the attention of the market. At the close, the Xiaomi Group's stock price was 38,3 Hong Kong dollars (about 4,55 euros), with a Market capitalization of 961,49 billion Hong Kong dollars (approximately 114,16 billion euros), approaching the one trillion mark.
Xiaomi Group: Stock Price Soars, Nears HK$1 Trillion

Xiaomi Group's strong share price performance is closely related to the continued development of its core businesses. The share price has surpassed 38 Hong Kong dollars (about 4,55 euros), marking a significant milestone for the company.
Xiaomi's mobile phone business ranks among the top three in the world, with outstanding performance in the domestic market. In the fourth quarter of 2024, Xiaomi's mobile phone market share in China reached second place, maintaining its position as the world's third largest mobile phone manufacturer throughout the year. The nationwide mobile phone purchase subsidy launched on January 20 has led to a surge in Xiaomi phone sales, with sales in some regions reaching four or five times the usual level.

The automotive sector has emerged as a new force for Xiaomi, with the SU7 model becoming a hit. Released at the end of March 2024, Xiaomi SU7 has quickly become one of the most popular domestic pure electric sedans of the year due to its excellent performance and affordable price. As of December 2024, the shipment volume has even surpassed the Tesla Model 3 (in China). It is expected that by January 2025, the production of Xiaomi SU7 will reach about 26.000 units.
Xiaomi's smart home appliance business has accelerated its layout with the construction of the first smart home appliance factory, which was successfully completed in just two months after the start of construction. The factory is located in the East Lake High-tech Zone in Wuhan and covers an area of 751 acres. This is the third major factory of Xiaomi Group after the automobile and mobile phone factories. It is expected to officially enter production in November 2025 and achieve large-scale mass production in 2026.