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Hua Mi submit IPO prospectus: Lei Jun holdings of nearly 40% millet equipment contribution accounted for 82.4%

via:DoNews     time:2018/1/14 8:31:19     readed:88

Shareholders, the prospectus shows, Wami CEO Wang Wang shares held at 39.4%, the first single largest shareholder of WEM; Shun for 20.4% of capital stock, as the second largest shareholder; Xiaomi's Fund People Better limited Shares were 19.3%, Lei Jun controlled 39.7% stake in the enterprise, higher than Huangwang.

December 27, 2013, WMI Technology was jointly established by Xiaomi and Hefei Huaheng Electronics Co., Ltd., dedicated to smart wearable devices. In 2014, WMI again won the huge capital investment by Lei Jun Heshun. Millet bracelet, millet scales are from the hand of Hua Mi. In addition, Wami also own brand Amy ZFIT WAMMAS watches and AMAZFIT Oclean one smart toothbrush products.

Prospectus shows that millet bracelets and other millet-related products in the proportion of a large proportion of science and technology in China in the first three quarters of 2017 millet bracelets and other millet millet products in science and technology contributed revenue of 10.68 100 million yuan, accounting for 82.4%. Over the same period, revenue from own-brand products amounted to 34.23 million yuan, accounting for 17.6%.

In "Risk Description", China Rice Technology also wrote that millet is the most important customer and distribution channel of China Rice. The deterioration of the relationship between Wal-Mart and Xiaomi or the decrease of Xiaomi wearable sales may have a significant adverse impact on the operating performance of Wal-Mart. As of September 30, 2017, the sales of wearable wears contributed 97.1%, 92.1% and 82.4% of the revenue of China respectively.

Wami Technology also talked about the importance of commercialization. "Our business performance could be materially and adversely affected if we fail to develop and commercialize new products, services and technologies in a timely manner." According to Hua said, its future growth will mainly depend on whether it can be developed and introduced in a timely manner A new generation of existing product lines and new smart wearable technology, and provide greater functionality and value-added services. In other words, China should make more efforts in independent innovation and self-owned brand management.

Millet before the market, millet ecological chain companies may have to rush to market before listing in millet, millet will undoubtedly make more money, play a certain role in pricing.

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