Yesterday Huami technology will hold first press conference after its going public, Huawei Technology CEO Huang Wang claims that Huami technology going public will be helpful for globalization, in the near future, there will be overseas merger and acquisition （M&A), he shows this year they must release Xiaomi mi band 3.
In February, Huami technology has launched on New York Stock Exchange (NYSE) , Huang claims they will invite many companies from Europe and America for cooperation including overseas merger and acquisition （M&A).
On March 26, NYSE HMI released the fourth quarter and annual Unaudited financial statements. The financial shows in fourth quarter, Huami has got 0.7526 billion yuan, about 0.1157 billion dollars, compared with last year with 0.6130 billion, it increased 22.8%, 72.30 million yuan net profit belongs to Huami,compared with last year with 43 million, it increases 68.2%, the total wearable device sells about 6.5 million units.
Huami technology increases 31.6% in 2017 on year-on-year basis, thanks to good sales of Xiaomi mi band series, and Amazfit product line. In 2017, Huami sells over one million Amazfit products, occupying about 20% in total.
When talking about the relationship with Xiaomi, Huami is an independent company, Xiaomi is the second shareholder of Huami, Huami will take good advantage of Xiaomi brand and resource, and Huang claims this year they will release Xiaomi mi band 3, meanwhile, they will cooperate with Xiaomi deeply.
Read also: Xiaomi MI Band 3 May Be Released Soon from Huami Today’s Announcement
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