On April 2, 2024, after a 4-day closure, the Hong Kong stock market finally opened, with Xiaomi Corporation's pre-market stock price soaring by 15%!
After opening, Xiaomi Corporation's stock price surged, increasing by over 11.91%, to HK$16.72 per share. The market's enthusiasm for Xiaomi Corporation mainly stems from the release of its first car model, the Xiaomi SU7, which has seen explosive order volumes!
According to official data, just 4 minutes after the release of the Xiaomi SU7, sales exceeded 10,000 units. Within 7 minutes, sales reached 20,000 units, and in just 27 minutes, sales soared to 50,000 units. Lei Jun, the founder of Xiaomi Automobile, announced on his official Weibo account that within 24 hours of the Xiaomi SU7's launch, the volume of substantial orders had surpassed 88,898 units.
Ni Yujing, an analyst at Everbright Securities, points out that the pricing and market performance of the Xiaomi SU7 have exceeded market expectations, especially its high cost-performance ratio, which has been warmly pursued by the market.
Lei Jun stated that Xiaomi's goal is to become one of the top five car manufacturers in the world in the next 15 to 20 years. It is understood that Xiaomi Automobile's strategy is to rapidly increase its strength over the next 20 years, striving to be among the top five in the global automobile industry. The company's first car model, the SU7, has performed very well in the market, selling about 90,000 substantial orders. Moreover, after a second round of additional sales, it quickly sold out within a short period.
In terms of ETFs, the Hang Seng Tech ETF (513260), which has a high "Xiaomi content," also traded normally, holding nearly 9% of Xiaomi Corporation’s shares. In the two trading days before this, due to the closure of the Hong Kong stock market, the ETF fund rose slightly by 0.55% and 1.65%, respectively, and the financing balance remained high since its listing.
