Xiaomi submitted a listing application to the Hong Kong Stock Exchange on May 3. It is believed that this year will be the world's largest IPO. The prospectus shows that CITIC CLSA, Goldman Sachs, and Morgan Stanley are joint global coordinators, joint bookrunners and joint lead. Manager.
Xiaomi’s revenue from 2015 to 2017 was 66.811 billion yuan, 68.843 billion yuan and 114.625 billion yuan, and the year-on-year increase was 67.5%; operating profit was 1.373 billion yuan, 3.785 billion yuan and 12.215 billion yuan, and year-on-year growth was 222.7%. .
The prospectus shows that in 2015, 2016, and 2017, Xiaomi’s overseas market revenue was 4.05 billion yuan, 9.15 billion yuan, and 32.08 billion yuan, of which the overseas market revenue in 2017 soared by 250% year-on-year, fully validating the millet model. The global market is universal.
According to the data, as of March 2018, Xiaomi users spent an average of 4.5 hours per day using Xiaomi mobile phones, and MIUI had more than 190 million monthly active users. The indicators such as user size, liveliness, and use duration all reached the level of world-class Internet companies.
Internet services have become an important source of profit for Xiaomi. In 2015, 2016, and 2017, Xiaomi’s Internet service revenue was 3.24 billion yuan, 6.54 billion yuan, and 9.89 billion yuan respectively, and the compound annual growth rate was 74.7%. 2015, 2016, In 2017, the gross profit of Xiaomi's Internet services was 2.08 billion yuan, 4.21 billion yuan, 5.96 billion yuan, and the compound annual growth rate was 69.3%.
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. If included in the option pool of the total equity ESOP employee stock ownership plan, Lei Jun’s shareholding ratio was 28%. %.