In February of this year, Huami Technology officially landed on the New York Stock Exchange. Huang Wang said that listing in the United States will greatly help Huami Technology’s future globalization. For example, many European and American companies have already sent cooperation invitations to Huami. Huami will also have some overseas mergers and acquisitions in the future; at the same time, it will also help Huami recruit international talents and increase its brand awareness.
After listing, one of the main directions of Huami Technology is to expand the application scenario. For example, last year, Huami established an industrial investment fund. The first issue is 100 million yuan. It will invest in sports operations management, App, and other fields to create an ecosystem; It is the realization of data. Apart from hardware revenue, the proportion of income from Internet services will gradually increase. Scenes such as health and medical care will become an important part. Third, more innovative products, such as blood sugar, blood pressure, blood oxygen, electrocardiogram, etc. On the other hand, this year, blood oxygen related products will be launched. Fourth, domestic and international business expansion, Huang Wang revealed that in the future, Huami will use millet's channels to replicate the scale of the Chinese market in Southeast Asia. In Europe and the United States, it will choose Some millet-like manufacturers collaborate even on mergers and acquisitions, and use the products and channels of local manufacturers to graft Wahimi products into it.
Huang Wang said that the application of Huami Technology has been a simple scenario to unlock the Xiaomi mobile phone from the beginning, and now it has expanded to medical, health, smart home, public transportation, and payment areas. At the same time, Huami Technology will conduct medical and health care in the future. Layout, such as in a large number of data and algorithms, technology, Huami technology can have more applications in health risk prediction and so on.
U.S. stocks listed for favorable management will not consider CDR mode regression in the short term
Huang Wang said that in fact, Hua Mi studied A shares in 2015, he also studied the backdoors and backdoors of A shares. The research on listing was even earlier than Xiaomi.
At the beginning, Hong Kong stocks were also considered, but in July 2017, they finally decided to choose US stocks. In his view, for example, the voting power of 1 to 10 in the US stock market, even if the future Huami through the form of equity exchange to carry out some mergers and acquisitions, is also conducive to management The company manages the company for a long period of time. Although the A shares have higher P/E ratios and valuations, M&A will dilute the shares. More importantly, he believes that the form of A shares will worsen the manager’s mentality because there are many Method to do high company valuation.
With regard to the hot issue of Chinese internet companies returning to A shares, Huang Wang said that Huami Technology will not consider CDR's return to A shares in the short term.
Announced the top management team for the first time
In the media communication meeting, Hua Mi also announced the members of the management team for the first time. Huang Wang said that since the sensitive issue before the listing, it has only been officially open until now.
Among them, Zhang Hongjiang serves as an independent director of Huami Technology, and will provide AI with support for the strategic and talented people of Huawei Technologies;
COO Yang Hao, once worked for Microsoft, Oracle, and other companies. Before joining Huami, he invested in Shunwei. He will be responsible for investment and acquisitions in Huami, and team building in Silicon Valley.
CFO Cui Dawei, once worked for accounting firms such as Ernst & Young, Deloitte, etc. Prior to joining Huami, he served as CFO at Aiko Kangbin;
Wang Kongqiao, vice president and head of the artificial intelligence laboratory, once worked for Nokia and Huawei, and is an adjunct professor of China University of Science and Technology and Beiyou.
Yan Ji Nian, Vice President of Products, once worked for Tencent, Weibo, and Hammer. Before joining Huawei, he served as vice president of hammer technology products and user experience.
How to balance the relationship with Xiaomi?
After the listing of Huami, the outside world also produced a lot of discussions about the relationship between Xiaomi and Huami, such as the dependence of Wami's revenue on Xiaomi, and whether the pursuit of independence by Huami will have an impact on Xiaomi's ecological chain products.
A few days ago, Huami released the fourth quarter and full year 2017 financial statements. Huang Wang reviewed the 2017 performance data, with sales of over 2 billion yuan in 2017, and shipments of 18.1 million. It is worth noting that the 2017 camp About 20% of the revenue comes from Huawei's own brand, and in 2015, 2016 and the first three quarters of 2017, the percentages were 2.9%, 7.9%, and 17.6%. For the future, Huang Wang expressed the hope that this ratio would be around 30%. .
Huang Wang stated that there is a certain misunderstanding of the relationship between Huami and Xiaomi. They think that Huami is a company controlled by Xiaomi, but their own personal shares and the shares of the founding team will add up to more than the sum of shares held by Xiaomi Heshun. 'Huami Technology is an independent company that is guided by the interests of shareholders.' Huang Wang said.
Secondly, Xiaomi is the second largest shareholder of Huami. Huami will make good use of Xiaomi's platform and resources. 'I would like to thank Xiaomi's Lei Jun for the first time after its listing. Without his blessing, a company can be listed for four years. It is indeed very Difficult. 'Huang Wang said that after the listing, he also discovered that if there is more resources for Huami, there will be more room for Xiaomi to make products, and it will be able to meet the demand for more product categories for Xiaomi.' There will be a millet bracelet 3' this year, Huang said. At the same time, there will be more in-depth cooperation with Xiaomi, such as making more product lines for Xiaomi.