Millet’s financial data for the past three years reflected the rapid growth of the business. The prospectus revealed that Xiaomi’s revenue from 2015 to 2017 were 66.811 billion yuan, 68.434 billion yuan and 114.625 billion yuan respectively, and the year-on-year increase of 67.5% in 2017; operating profit was 1.73 billion yuan, 3.785 billion yuan and 12.215 billion yuan, an increase of 222.7% year-on-year in 2017.
Prospectus disclosure, millet plans IPO to raise funds for 30% of R & D and development of smart phones, television and other core products; 30% for the expansion of investment and strengthening consumer goods and mobile Internet industry chain; 30% for global expansion; 10% Used for general business purposes.
Xiaomi chairman and chief executive officer 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 any 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 were 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 held 31.4% of the equity, and if included in the option pool of the total equity ESOP employee stock ownership plan, Lei Jun’s shareholding ratio was 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%.