Millet rewards employees

Xiaomi announced that the board of directors awarded a total of 20.453 million bonus shares to 380 selected participants (all non affiliated grantees) according to the share award plan. On the day of award, the closing price of shares was HK $889, totaling HK $182 million, or about RMB 163 million, with an average of about 430000 yuan per person. The award shares will be vested between April 1, 2020 and October 10, 2023.
Recently, Xiaomi group released its third quarter performance report of 2019. The report shows that Xiaomi group’s total revenue in the third quarter of 2019 is 53.7 billion yuan, an increase of 5.5% year-on-year, which is the highest quarter of total revenue since Xiaomi was founded; the adjusted net profit is 3.5 billion yuan, an increase of 20.3% year-on-year, which exceeds the market expectation. Xiaomi’s total net profit in the first three quarters of 2019 is 9.2 billion yuan, which has exceeded the whole year of last year.