$XIAOMI-W(01810)$ Xiaomi Corpo

Xiaomi Corporation (stock code: 01810.HK) is frequently touted for its substantial cash reserves, yet it has never issued dividends. The company engages in stock repurchases without cancellation, a practice that some view as questionable. Additionally, during financial reporting periods, there is a recurrent pattern of stock issuance, often accompanied by bonuses for select executives.

For Xiaomi users, the experience may be fortunate, but for shareholders, it seems to be a source of disappointment. The company's approach to handling cash, stock buybacks, and periodic stock issuances, coupled with the perceived distribution of bonuses to upper management, has raised concerns among investors.

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