Millet’s financial data for the past three years reflected the rapid growth of the business. The prospectus disclosed that Xiaomi’s revenue from 2015 to 2017 were RMB 66.811 billion, RMB 68.434 billion and RMB 114.625 billion respectively, and the year-on-year increase was 67.5% in 2017; operating profit was 13.73. Billion yuan, 3.785 billion yuan and 12.215 billion yuan, an increase of 222.7% year-on-year in 2017.
The prospectus disclosed that Xiaomi plans to use 30% of the funds raised by IPO for R&D and development of core products such as smart phones and TVs; 30% to expand investment and strengthen the consumer goods and mobile Internet industry chain; 30% for global expansion; 10% Used for general business purposes.
Xiaomi chairman and CEO Lei Jun promised to all existing and potential users in the open letter of the prospectus: 'Since 2018, Xiaomi's overall hardware business (including smart phones, IoT and consumer products) will not have a comprehensive net profit rate every year. More than 5%. If there is an excess, we will give back to the user. 'Public information shows that in 2017, Apple's overall business margin was 21.1%, and Huawei's overall business margin was 7.9%. Even household appliances with a low net profit rate are recognized In the industry, Haier was 6.6% and Midea was 7.7%, both higher than 5%.
As of the signing date of the prospectus, in terms of shareholding structure, executive directors, Chairman of the Board and Chief Executive Officer Lei Jun had a share of 31.4%. If included in the option pool of the total equity ESOP employee stock ownership plan, Lei Jun’s shareholding ratio is 28. %.
On the specific data, Lei Jun holds 31.4124% of shares, Lin Bin holds 13.3286%, Li Wanqiang holds 3.2375%, Huang Jiangji holds 3.2375%, Hong Feng holds 3.2207%, Xu Dalai holds 2.3121%, Liu De holds 1.5494%, Zhou Guangping holds 1.4317 %, Wangchuan holds 1.1149%, Morningside Group holds 17.1931%, other investors hold 21.3430%.