<p><strong>小米在周五的交易中股价上涨了 2%，这是因为该公司宣布了一项价值 25 亿港元（约合 3.21 亿美元）的股票回购计划。该计划是公司在电动车和智能手机领域面临日益激烈的竞争和组件成本上升的情况下，努力安抚投资者的一部分。</strong></p>
<p>小米是一家中国科技公司，生产智能家居设备、电动车和智能手机，已宣布一项价值 25 亿港元（约合 3.21 亿美元）的股票回购计划。</p>
<p>该计划是公司在竞争加剧、组件成本上升和安全隐患日益显现的情况下，努力提升股价和安抚投资者的一部分。</p>
<h3>小米宣布股票回购计划后股价飙升</h3>
<p><img src="https://imageproxy.pbkrs.com/https://www.cryptopolitan.com/wp-content/uploads/2026/01/Xiaomis-stock-performance-year-to-date.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://www.cryptopolitan.com/wp-content/uploads/2026/01/Xiaomis-stock-performance-year-to-date.jpg"/></p>
<p>小米今年以来的股价表现。来源：Google Finance</p>
<p>该公告导致公司股价在周五的交易中上涨了 2%。然而，自年初以来，股价表现不佳。根据 Google Finance 的数据，小米在香港证券交易所的股票代码为 1810，今年以来下跌了 10%，在过去六个月中下跌了 38%。</p>
<p>这并不是小米第一次通过回购股票来提升股东价值。最近的回购是公司自通过回购授权决议以来执行的一系列股票回购计划的一部分。</p>
<p>根据该决议，小米在最近的公告之前已回购了 0.66% 的已发行股份，代表 1.7 亿股。其最新的回购计划发生在 2026 年 1 月 13 日，当时公司回购了 400 万股，花费了 1.52 亿港元。</p>
<p>小米最近在周四向香港证券交易所提交的文件显示，自动股票回购计划将于 1 月 23 日开始，并将根据监管要求和市场现状实施。</p>
<p>批评者认为，股票回购计划通常会提升股价，但并不会改善公司的运营或商业模式。</p>
<p>分析师将公司近期的下滑归因于内存芯片短缺带来的压力，这增加了其产品的组件成本。</p>
<p>晨星的高级股票分析师 Dan Baker 表示，内存芯片短缺 “导致智能手机制造商的利润压缩，几位独立行业预测者已下调了对智能手机的前景预期。”</p>
<p>随着年末的临近，短缺情况预计将加剧，因为芯片制造商已将重点转向人工智能行业日益增长的内存需求。</p>
<p>去年，由于涉及其电动车的事故报道在社交媒体上广泛传播，公司股价也大幅下跌。随着中国电动车市场竞争的加剧，公司还面临着显著的价格战挑战。这种竞争加大了整个行业的利润压力。</p>
<h3>小米的交付目标引发研究人员的担忧</h3>
<p>Cryptopolitan 最近报道，小米计划在 2026 年交付 55 万辆电动车。这个目标比其为 2024 年设定的 41 万辆有显著增加。尽管在 SU7 事故后面临更严格的监管审查，公司仍然成功达成了年度目标。</p>
<p>花旗研究的中国科技分析师 Kyna Wong 对小米 2026 年 550,000 辆的交付目标表示深切担忧，称由于今年北京的电动车补贴政策变化，公司车辆交付的利润率可能会回落。</p>
<p>在不确定性中，小米将其投资策略集中在长期可持续性上，通过资助内部半导体部门进行投资。公司承诺在未来十年内对该部门投资 500 亿元人民币（约合 69 亿美元），从 2025 年开始。小米还计划在未来几年内在全球范围内扩展其电动车业务，继推出其高端 SU7 Ultra 后。</p>
<p>如果你正在阅读这篇文章，你已经走在前面。请通过我们的新闻通讯保持领先。</p>

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<p>小米宣布了一项高达 25 亿港元（3.21 亿美元）的股票回购计划，以安抚在竞争加剧和组件成本上升背景下的投资者。公告发布后，小米的股价上涨了 2%，尽管年初至今仍下跌了 10%。该回购计划是提升股东价值的一系列回购措施的一部分。分析师将小米近期股价下跌归因于内存芯片短缺和电动车市场竞争加剧。尽管由于补贴政策变化对利润率的担忧，该公司计划到 2026 年交付 55 万辆电动车</p>

<p><strong>Xiaomi saw its stock rise by 2% in trading on Friday after the company announced a share buyback program worth HK$2.5 billion ($321 million). The program is part of the company’s efforts to reassure investors amid rising competition and component costs in the EV and smartphone sectors.</strong></p>
<div class="lb-trans"><p><strong>小米在周五的交易中股价上涨了 2%，这是因为该公司宣布了一项价值 25 亿港元（约合 3.21 亿美元）的股票回购计划。该计划是公司在电动车和智能手机领域面临日益激烈的竞争和组件成本上升的情况下，努力安抚投资者的一部分。</strong></p>
</div><p>Xiaomi, a Chinese tech company that manufactures smart home devices, electric vehicles, and smartphones, has announced a share buyback program worth HK$2.5 billion or approximately $321 million.</p>
<div class="lb-trans"><p>小米是一家中国科技公司，生产智能家居设备、电动车和智能手机，已宣布一项价值 25 亿港元（约合 3.21 亿美元）的股票回购计划。</p>
</div><p>The program is part of the company’s efforts to boost its stock value and reassure investors amid rising competition, higher component costs, and emerging safety concerns.</p>
<div class="lb-trans"><p>该计划是公司在竞争加剧、组件成本上升和安全隐患日益显现的情况下，努力提升股价和安抚投资者的一部分。</p>
</div><h3>Xiaomi stock surges after the company announced a share buyback program</h3>
<div class="lb-trans"><h3>小米宣布股票回购计划后股价飙升</h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://www.cryptopolitan.com/wp-content/uploads/2026/01/Xiaomis-stock-performance-year-to-date.jpg" alt="" original-src="https://www.cryptopolitan.com/wp-content/uploads/2026/01/Xiaomis-stock-performance-year-to-date.jpg"/></p>
<p>Xiaomi’s stock performance year to date. Source: Google Finance</p>
<div class="lb-trans"><p>小米今年以来的股价表现。来源：Google Finance</p>
</div><p>The announcement caused the company’s share price to surge by 2% in trading on Friday. However, the stock has not been performing well since the start of the year. According toGoogle Finance, Xiaomi, which trades under the ticker symbol 1810 on the Hong Kong Stock Exchange, is down 10% year-to-date and has declined 38% over the last six months.</p>
<div class="lb-trans"><p>该公告导致公司股价在周五的交易中上涨了 2%。然而，自年初以来，股价表现不佳。根据 Google Finance 的数据，小米在香港证券交易所的股票代码为 1810，今年以来下跌了 10%，在过去六个月中下跌了 38%。</p>
</div><p>This is not the first time Xiaomi has repurchased its own stock to boost shareholder value. The recent purchase is part of a series of share buyback programs that the company has executed since it passed the repurchase authorization resolution.</p>
<div class="lb-trans"><p>这并不是小米第一次通过回购股票来提升股东价值。最近的回购是公司自通过回购授权决议以来执行的一系列股票回购计划的一部分。</p>
</div><p>Under the resolution, Xiaomi has repurchased 0.66% of its issued shares, representing 170 million shares, before the recent announcement. Its latest repurchase program occurred on January 13, 2026, when the company repurchased 4 million shares for HK$152 million.</p>
<div class="lb-trans"><p>根据该决议，小米在最近的公告之前已回购了 0.66% 的已发行股份，代表 1.7 亿股。其最新的回购计划发生在 2026 年 1 月 13 日，当时公司回购了 400 万股，花费了 1.52 亿港元。</p>
</div><p>Xiaomi’s recent filing with the Hong Kong Stock Exchange on Thursdayreveals that the automatic share buyback program will commence on January 23 and be implemented in accordance with regulatory requirements and prevailing market conditions.</p>
<div class="lb-trans"><p>小米最近在周四向香港证券交易所提交的文件显示，自动股票回购计划将于 1 月 23 日开始，并将根据监管要求和市场现状实施。</p>
</div><p>Critics argue that share buyback programs typically boost share prices but do not improve a company’s operations or business model.</p>
<div class="lb-trans"><p>批评者认为，股票回购计划通常会提升股价，但并不会改善公司的运营或商业模式。</p>
</div><p>Analysts credit the company’s recent decline to looming pressure from memory chip shortages, which have increased component costs for its products.</p>
<div class="lb-trans"><p>分析师将公司近期的下滑归因于内存芯片短缺带来的压力，这增加了其产品的组件成本。</p>
</div><p>Dan Baker, senior equity analyst at Morningstar, said that the memory chip shortage has “caused margin compression for smartphone manufacturers and several independent industry forecasters have lowered their outlook for smartphones.”</p>
<div class="lb-trans"><p>晨星的高级股票分析师 Dan Baker 表示，内存芯片短缺 “导致智能手机制造商的利润压缩，几位独立行业预测者已下调了对智能手机的前景预期。”</p>
</div><p>The shortage is expected to worsen as the year progresses, as chip manufacturers have shifted their focus to the growing memory demands of the AI industry.</p>
<div class="lb-trans"><p>随着年末的临近，短缺情况预计将加剧，因为芯片制造商已将重点转向人工智能行业日益增长的内存需求。</p>
</div><p>The company’s share price also tanked last year after reports of accidents involving its electric vehicles went viral on social media. The company has also faced significant price-war challenges as competition in China’s EV market expanded. The increased competition put significant pressure on margins across the sector.</p>
<div class="lb-trans"><p>去年，由于涉及其电动车的事故报道在社交媒体上广泛传播，公司股价也大幅下跌。随着中国电动车市场竞争的加剧，公司还面临着显著的价格战挑战。这种竞争加大了整个行业的利润压力。</p>
</div><h3>Xiaomi’s unit delivery target raises concerns among researchers</h3>
<div class="lb-trans"><h3>小米的交付目标引发研究人员的担忧</h3>
</div><p>Cryptopolitan recentlyreported that Xiaomi plans to deliver 550,000 electric vehicles in 2026. The target is a significant increase from the 410,000 units it set for 2024. The company managed to hit its year’s target despite increased regulatory scrutiny following the SU7 crashes.</p>
<div class="lb-trans"><p>Cryptopolitan 最近报道，小米计划在 2026 年交付 55 万辆电动车。这个目标比其为 2024 年设定的 41 万辆有显著增加。尽管在 SU7 事故后面临更严格的监管审查，公司仍然成功达成了年度目标。</p>
</div><p>Kyna Wong, a China technology analyst at Citi Research, expressed deep concerns about Xiaomi’s modest 550,000-unit vehicle delivery target for 2026, saying that profit margins on the company’s vehicle deliveries are likely to scale backwards due to changes to Beijing’s EV subsidy policies this year.</p>
<div class="lb-trans"><p>花旗研究的中国科技分析师 Kyna Wong 对小米 2026 年 550,000 辆的交付目标表示深切担忧，称由于今年北京的电动车补贴政策变化，公司车辆交付的利润率可能会回落。</p>
</div><p>Amid the uncertainty, Xiaomi has centered its investment strategy on long-term sustainability by funding an internal semiconductor division. The company pledged a 50 billion yuan (roughly $6.9 billion) investment in the division over a decade, starting in 2025. Xiaomi also plans to expand its electric vehicles business globally over the next few years, following the launch of its premium SU7 Ultra.</p>
<div class="lb-trans"><p>在不确定性中，小米将其投资策略集中在长期可持续性上，通过资助内部半导体部门进行投资。公司承诺在未来十年内对该部门投资 500 亿元人民币（约合 69 亿美元），从 2025 年开始。小米还计划在未来几年内在全球范围内扩展其电动车业务，继推出其高端 SU7 Ultra 后。</p>
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小米股票在宣布 25 亿港元（约合 3.21 亿美元）回购计划后表现强劲