Fenghuang Wang Technology News March 29 news, as the millet ecosystem first listed in the United States, Huami Technology held a media communication meeting in Beijing today. Huami company founder, CEO Huang Wang said at the conference, Huami 2017 Annual sales of more than 2 billion yuan, smart bracelet and other product shipments over 18.1 million.
Huami Technology was established in December 2013. It was listed on the NYSE on February 8 this year. Its products include the smart bracelet and smart scales of the millet brand, the self-owned brand AMAZFIT meters and smart watches and smart bracelets. Wait.
The media communication meeting was after Huang Wang ended the quiet period of listing and this was the first time in six months. At the communication meeting, he actively mentioned that many friends had asked him why he would be at this point in time and chose to list in the United States. In this regard, Huang Wang said that after the listing is a brand endorsement, can accelerate mergers and acquisitions by issuing new shares.
He believes that hardware products are the easiest to globalize. By listing in the United States, it can help Huami brand quickly open in Europe and the United States market. According to Huang Wang, Huami has received a lot of cooperation agreements from big companies and startup companies. There are some overseas mergers and acquisitions. 'It will do very often.' Huang Wang said.
Huami’s latest post-listing financial report showed that in FY2017, the company’s total revenue was 2.0489 billion yuan (approximately US$314.9 million), a year-on-year increase of 31.6%, and net profit attributable to Huami was 167.7 million yuan (approximately $25.8 million), an increase of 600.3% over the previous year's $23.9 million; over 1 million Amazfit products were sold, which accounted for approximately 20% of the total revenue.