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Xiaomi

Xiaomi
HKEX

Xiaomi is an electronics and software company that focuses on mobile devices and technology.

OVERVIEW

Categories
AI, Home, Retail, Social Communication, IoT, Smart Home, New Retail, Computer Technology, Smart Mobile, Robot, Mobile Phone and Tablet, Hardware, Smart Device, Wearable Device, IoT Device, Mobile System, Vertical Community, Speech Recognition, Chip design, E-commerce Retail, Emerging Technology and Application, Mobile Communication, Communication Equipment, Instrument and Equipment, Smart TV, Smart Router, Consumer Electronic, Tablet, Community Forum, Domestic Robot, Sweeping robot
HQ location
Beijing
Founded date
Mar. 3, 2010
IPO date
Jul. 9, 2018
Legal name
Xiaomi Corporation
Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an IoT platform at its core. With the vision of being friends with its users and being the “coolest company” in the hearts of its users, Xiaomi is committed to continuous innovation, with an unwavering focus on quality and efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology. Xiaomi is currently the world's fourth-largest smartphone brand, and has established the world's largest consumer IoT platform, with more than 213.2 million smart devices (excluding smartphones and laptops) connected to its platform. Currently, Xiaomi products are present in more than 90 countries and regions around the world and have a leading foothold in many markets.
01810:HKEX
Transaction date
May. 29, 2020
52-week high
HKD 13.94
52-week low
HKD 8.28
Volume
1,682,599,412
Open
HKD 11.80
Close
HKD 12.02
P/E
29.06
Market cap
HKD 288.85 billion

ANALYSIS

Review of Chinese mobile phone manufacturers for 5 years: Why did Huawei Yu Chengdong's previous predictions fail to come true?

On March 4 2015, Yu Chengdong, CEO of Huawei's consumer business, said at 'Mobile World Congress 2015' that the smartphone industry will reshuffle, with only three big players remaining in the next three to five years.

Mar. 7, 2020 · Xiaomi

I Do Hit Products in XiaoMi

In the Internet industry, Xiaomi's product capabilities may still be controversial, but its marketing capabilities basically need not be questioned. Since its establishment in 2010, behind a large number of marketing rules xiaomi's operating figure and classic cases of its products can be seen. Xiaomi does have some advantages in making explosive models: Xiaomi's wristband has the second largest market share in the global wearable device market, Xiaomi's cumulative activation volume has exceeded 32 million,

Mar. 1, 2020 · Xiaomi

Why isn't Xiaomi's high-end brand road going well?

From the author's point of view, the essence behind the continuous twists and turns after the release of Xiaomi's new phone and the questioning from users is that Xiaomi's comprehensive strength have not reached the high-end level. Xiaomi's high-end road difficulties lie on these three points: first, basic 5G communication capacity of the short board is difficult to make up; Secondly, it is difficult to control the high-end quality control and performance of the supply chain. Caused by the lack of mature self-developed chip, integration technology and system design ability.Third: the marketing-driven model is difficult to enhance the brand power.

Feb. 19, 2020 · Xiaomi

REPORTS

Xiaomi releases its flagship mi 10 series, officially entering the high-end mobile phone market. 

Earnings forecast and rating: it is estimated that the company's 2019-2021 EPS will be CNY 0.50, 0.67, 0.86, respectively, corresponding to the current stock price dynamic PE is 24 times, 18 times, 14 times, maintaining a 'buy' rating.

Feb. 17, 2020 · Xiaomi

The impact of COVID-19 on Xiaomi.

- Smartphone shipments and gross margins are under pressure in China by 2020, and Xiaomi is in better shape than its competitors; - COVID-19 outbreak has impacted negatively on all stock of major smartphone brands; - Xiomi has maintained a 'buy' rating with a target price of HKD13.02.

Feb. 11, 2020 · Xiaomi

ANNOUNCEMENTS

Date Announcement
May. 23, 2020 Xiaomi Group issued an announcement that on May 21, 2020, the company entered into a Zifone agreement with Zifone and a shareholder seller agreement with a shareholder seller. A total of 27.44% of the sales shares, the total consideration is about USD 103 million. <br/>1) The announcement shows that approximately USD 25.78 million of the consideration was settled in cash; and approximately USD 77.06 million was settled by the company allotting and issuing 54.379 million consideration shares listed as fully paid. The issue price of the consideration shares is HKD 10.984 per share, a 13.5% discount to the closing price of HKD 12.7 per share on May 21. The consideration shares account for approximately 0.23% of the enlarged issued share capital. <br/>2) The acquisition provides a good opportunity for the group. The target company has technical and R & D capabilities in the power supply and multiple IoT fields, which can improve the company's technological competitiveness in the 5G + AIoT field. The technology of the target company in the field of power supply can be applied to the company's mobile phones and many other IoT products to improve the competitiveness of the company's products and realize the standardization of product power supply to save costs.
Apr. 26, 2020 On April 26, Xiaomi Group released annual report of 2019. 1) In 2019, Company achieved solid growth across all our business segments. Total revenue was RMB205.8 billion, an increase of 17.7% year-over-year. Adjusted net profit was RMB11.5 billion, an increase of 34.8% year-over-year. For the fourth quarter of 2019, company recorded RMB56.5 billion in revenue, an increase of 27.1% year-over-year, while adjusted net profit was RMB2.3 billion, an increase of 26.5% year-over-year.<br/>2)Comapny further expanded our global footprint with overseas revenue growing significantly, accounting for 44.3% of our total revenue in 2019. Overseas revenue was RMB91.2 billion, an increase of 30.4% year-over-year. As of December 31, 2019, our products were sold in more than 90 countries and regions. According to Canalys, our smartphone shipments ranked top five in 45 countries and regions in 2019.
Apr. 20, 2020 Xiaomi Group plans to issue USD bonds to professional investors, mainly for general corporate purposes and to repay existing borrowings. The size, date, and interest rate of the issuance will depend on the overall market demand.
Apr. 13, 2020 The Board is pleased to announce that, with effect from April 10, 2020, (i) Mr. Wang Xiang ( 王翔 ) (“Mr. Wang”) has been appointed as the acting CFO of the Company until the CFO Search Committee has located a suitable candidate to serve as the CFO, and (ii) Mr. Chew Shou Zi (“Mr. Chew”) ceases to act as the CFO but will continue to serve in his capacity as an executive Director, a Senior Vice President and President of International of the Company.
Mar. 5, 2020 In February 2020, Xiaomi group increased its class B shares by 9407,780, and obtained funds of USD 119,140 through the exercise of options, whereas the class A shares remained unchanged.
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Overview
Categories
AI, Home, Retail, Social Communication, IoT, Smart Home, New Retail, Computer Technology, Smart Mobile, Robot, Mobile Phone and Tablet, Hardware, Smart Device, Wearable Device, IoT Device, Mobile System, Vertical Community, Speech Recognition, Chip design, E-commerce Retail, Emerging Technology and Application, Mobile Communication, Communication Equipment, Instrument and Equipment, Smart TV, Smart Router, Consumer Electronic, Tablet, Community Forum, Domestic Robot, Sweeping robot
HQ location
Beijing
Founded date
Mar. 3, 2010
IPO date
Jul. 9, 2018
Legal name
Xiaomi Corporation
Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an IoT platform at its core. With the vision of being friends with its users and being the “coolest company” in the hearts of its users, Xiaomi is committed to continuous innovation, with an unwavering focus on quality and efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology. Xiaomi is currently the world's fourth-largest smartphone brand, and has established the world's largest consumer IoT platform, with more than 213.2 million smart devices (excluding smartphones and laptops) connected to its platform. Currently, Xiaomi products are present in more than 90 countries and regions around the world and have a leading foothold in many markets.
01810:HKEX
Transaction date
May. 29, 2020
52-week high
HKD 13.94
52-week low
HKD 8.28
Volume
1,682,599,412
Open
HKD 11.80
Close
HKD 12.02
P/E
29.06
Market cap
HKD 288.85 billion
Analysis

Review of Chinese mobile phone manufacturers for 5 years: Why did Huawei Yu Chengdong's previous predictions fail to come true?

On March 4 2015, Yu Chengdong, CEO of Huawei's consumer business, said at 'Mobile World Congress 2015' that the smartphone industry will reshuffle, with only three big players remaining in the next three to five years.

Mar. 7, 2020 · Xiaomi

I Do Hit Products in XiaoMi

In the Internet industry, Xiaomi's product capabilities may still be controversial, but its marketing capabilities basically need not be questioned. Since its establishment in 2010, behind a large number of marketing rules xiaomi's operating figure and classic cases of its products can be seen. Xiaomi does have some advantages in making explosive models: Xiaomi's wristband has the second largest market share in the global wearable device market, Xiaomi's cumulative activation volume has exceeded 32 million,

Mar. 1, 2020 · Xiaomi

Why isn't Xiaomi's high-end brand road going well?

From the author's point of view, the essence behind the continuous twists and turns after the release of Xiaomi's new phone and the questioning from users is that Xiaomi's comprehensive strength have not reached the high-end level. Xiaomi's high-end road difficulties lie on these three points: first, basic 5G communication capacity of the short board is difficult to make up; Secondly, it is difficult to control the high-end quality control and performance of the supply chain. Caused by the lack of mature self-developed chip, integration technology and system design ability.Third: the marketing-driven model is difficult to enhance the brand power.

Feb. 19, 2020 · Xiaomi
Reports

Xiaomi releases its flagship mi 10 series, officially entering the high-end mobile phone market. 

Earnings forecast and rating: it is estimated that the company's 2019-2021 EPS will be CNY 0.50, 0.67, 0.86, respectively, corresponding to the current stock price dynamic PE is 24 times, 18 times, 14 times, maintaining a 'buy' rating.

Feb. 17, 2020 · Xiaomi

The impact of COVID-19 on Xiaomi.

- Smartphone shipments and gross margins are under pressure in China by 2020, and Xiaomi is in better shape than its competitors; - COVID-19 outbreak has impacted negatively on all stock of major smartphone brands; - Xiomi has maintained a 'buy' rating with a target price of HKD13.02.

Feb. 11, 2020 · Xiaomi
Announcements
Date Announcement
May. 23, 2020 Xiaomi Group issued an announcement that on May 21, 2020, the company entered into a Zifone agreement with Zifone and a shareholder seller agreement with a shareholder seller. A total of 27.44% of the sales shares, the total consideration is about USD 103 million. <br/>1) The announcement shows that approximately USD 25.78 million of the consideration was settled in cash; and approximately USD 77.06 million was settled by the company allotting and issuing 54.379 million consideration shares listed as fully paid. The issue price of the consideration shares is HKD 10.984 per share, a 13.5% discount to the closing price of HKD 12.7 per share on May 21. The consideration shares account for approximately 0.23% of the enlarged issued share capital. <br/>2) The acquisition provides a good opportunity for the group. The target company has technical and R & D capabilities in the power supply and multiple IoT fields, which can improve the company's technological competitiveness in the 5G + AIoT field. The technology of the target company in the field of power supply can be applied to the company's mobile phones and many other IoT products to improve the competitiveness of the company's products and realize the standardization of product power supply to save costs.
Apr. 26, 2020 On April 26, Xiaomi Group released annual report of 2019. 1) In 2019, Company achieved solid growth across all our business segments. Total revenue was RMB205.8 billion, an increase of 17.7% year-over-year. Adjusted net profit was RMB11.5 billion, an increase of 34.8% year-over-year. For the fourth quarter of 2019, company recorded RMB56.5 billion in revenue, an increase of 27.1% year-over-year, while adjusted net profit was RMB2.3 billion, an increase of 26.5% year-over-year.<br/>2)Comapny further expanded our global footprint with overseas revenue growing significantly, accounting for 44.3% of our total revenue in 2019. Overseas revenue was RMB91.2 billion, an increase of 30.4% year-over-year. As of December 31, 2019, our products were sold in more than 90 countries and regions. According to Canalys, our smartphone shipments ranked top five in 45 countries and regions in 2019.
Apr. 20, 2020 Xiaomi Group plans to issue USD bonds to professional investors, mainly for general corporate purposes and to repay existing borrowings. The size, date, and interest rate of the issuance will depend on the overall market demand.
Apr. 13, 2020 The Board is pleased to announce that, with effect from April 10, 2020, (i) Mr. Wang Xiang ( 王翔 ) (“Mr. Wang”) has been appointed as the acting CFO of the Company until the CFO Search Committee has located a suitable candidate to serve as the CFO, and (ii) Mr. Chew Shou Zi (“Mr. Chew”) ceases to act as the CFO but will continue to serve in his capacity as an executive Director, a Senior Vice President and President of International of the Company.
Mar. 5, 2020 In February 2020, Xiaomi group increased its class B shares by 9407,780, and obtained funds of USD 119,140 through the exercise of options, whereas the class A shares remained unchanged.