Prospectus shows that Hua Mi plans to apply for listing on the New York Stock Exchange, code 'HMI' .It plans to issue 10 million shares of ADS.If underwriters exercise over-allotment, will be issued 1040 million shares of ADS.Maomi in the prospectus supplement Said the company will have a dual ownership structure, with A-shares of each A-share representing 1 vote and B-shares representing 10 votes and being convertible to Class-A common stock.
For the two months ended November 30, 2017, WAM's revenue was RMB476.7 million (about US $ 71.6 million), its net profit was RMB52.2 million (about US $ 7.9 million) and gross profit was RMB123.1 million Renminbi (US $ 18.2 million) Shipments of Hua Smart Wearable Devices were 6.5 million units in the fourth quarter of 2017. Shipments of smart wearable devices reached 11.6 million in the first nine months of 2017.
Device shipments have reached 45.3 million units since its founding in 2013 as of September 30, 2017. Watson has 49.6 million registered users of mobile apps that can collect heart rate, electrocardiogram, weight, body fat content, GPS Running directions, number of steps, sleep time, etc. Using a wide range of biometric and activity data from a wide range of users, Wal-Mart can develop new scenarios for smart wearable technology and drive innovation in this area.
Company structure, Wami technology set up in the Cayman Islands .Proposal shows, Wami CEO Wang Wang shares held at 39.4%, the largest single shareholder of WMI. Shun for capital share of 20.4%, the second largest Shareholders, Xiaomi's stake in People Better Limited, which owns 19.3% stake, means that the Lei Jun Department holds a total of 39.7% of the shares, actually holding more than Huangwang. Gao Rong Capital holds 9.7%, the fourth largest shareholder of China Rice Technology .
Wal-Mart said in its prospectus that Xiaomi is the most important customer and distribution channel of Wal-Mart and is currently the sole partner of Xiaomi's wearable product design and manufacturing.According to the disclosed information, Wal-Mart and Xiaomi Co., Ltd. signed Strategic cooperation agreement will expire in October 2020.