Company Quick10K Filing
Huami
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 225 $2,181
20-F 2019-04-12 Annual: 2018-12-31
20-F 2018-04-27 Annual: 2017-12-31

Huami Financials

HMI Metrics, Comps, Filings

Annual | Quarterly

Business

We commenced operations in December 2013 through Anhui Huami Information Technology Co., Ltd., or Anhui Huami, to develop, manufacture and sell smart wearable devices. In July 2014, we incorporated Huami (Beijing) Information Technology Co., Ltd., or Beijing Huami, to expand our operation.

In December 2014, we incorporated Huami Corporation in Cayman Islands as our offshore holding company to facilitate financing and offshore listing. Shortly following its incorporation, Huami Corporation established a wholly-owned Hong Kong subsidiary, Huami HK Limited. From December 2014 to April 2015, our Cayman holding company Huami Corporation issued ordinary shares and preferred shares to the holding vehicles of the then shareholders of Anhui Huami, in proportion to these shareholders' then respective equity interest percentages in Anhui Huami.

In February 2015, Huami HK Limited established a wholly-owned subsidiary in China, Beijing Shunyuan Kaihua Technology Co., Ltd., which we refer to as Shunyuan Kaihua or our WFOE in this annual report. Our WFOE later entered into a series of contractual arrangements with Anhui Huami, Beijing Huami, which two entities we collectively refer to as our VIEs in this annual report, and their respective shareholders. These contractual arrangements enable us to exercise effective control over our VIEs; receive substantially all of the economic benefits of our VIEs; and have an exclusive option to purchase all or part of the equity interests in and assets of them when and to the extent permitted by PRC law. As a result of these contractual arrangements, each of Anhui Huami and Beijing Huami is our consolidated variable interest entity, which generally refers to an entity in which we do not have any equity interests but whose financial results are consolidated into our consolidated financial statements in accordance with U.S. GAAP because we have effective financial control over, and are the primary beneficiary of, that entity. We treat each of Anhui Huami and Beijing Huami and their respective subsidiaries as our consolidated affiliated entities under U.S. GAAP and have consolidated their financial results in our consolidated financial statements in accordance with U.S. GAAP. However, those contractual arrangements may not be as effective as direct ownership in terms of providing operational control.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Apple (AAPL) 937,132 38% 12.0 17% 322,239 225,783 259,034 98,163 55,695 82,090 983,303
IBM (IBM) 123,468 47% 8.0 6% 154,652 136,876 77,860 36,543 8,734 18,009 143,503
HP (HPQ) 29,003 19% 7.8 13% 32,405 33,536 58,715 10,943 4,215 3,717 28,814
Hewlett Packard (HPE) 21,142 8% 6.9 -0% 50,760 33,227 29,866 2,457 -188 3,985 27,584
Nice (NICE) 6,628 0% 3,207 1,191 0 0 0 0 6,601
Omnicell (OMCL) 3,703 64% 32.9 4% 1,197 424 624 402 48 112 3,692
Yext (YEXT) 2,211 75% -23.9 -17% 508 283 264 197 -88 -81 1,930
Huami (HMI) 2,181 0% 3,258 1,449 0 0 0 0 729
Commvault Systems (CVLT) 2,174 83% 82.1 1% 793 434 697 579 5 23 1,854
Sogou (SOGO) 2,173 0% 1,463 456 0 0 0 0 1,988
Korn Ferry (KFY) 2,163 0% 6.7 8% 2,407 1,142 1,992 0 187 295 1,962
Power Integrations (POWI) 2,158 51% 23.9 9% 620 77 395 202 58 86 2,058
Ambarella (AMBA) 2,137 59% -68.3 -8% 490 62 212 126 -41 -28 1,914
TTEC Holdings (TTEC) 2,120 18% 10.7 5% 1,179 789 1,571 285 61 190 2,033
Cray (CRAY) 1,447 29% -14.1 -23% 460 183 396 115 -108 -91 1,282
Fitbit (FIT) 1,127 37% -8.8 -11% 1,278 653 1,550 568 -135 -90 792
One Stop Systems (OSS) 22 31% -47.7 -4% 38 13 49 15 -1 -0 20
Socket Mobile (SCKT) 14 52% 15.6 -0% 19 6 18 9 -0 1 13
Dell Technologies (DELL)

Balance Sheet ($MM)2017-12-312018-12-31
Cash57211
Accounts Receivable59
Inventory3870
PP&E46
Assets225474
Accounts Payable109155
Long-Term Debt
Liabilities136211
Stockholders' Equity35263
Income Statement ($MM)2017-12-312018-12-31
Revenue3153,645
Cost of Revenue2392,706
Gross Profit76137
R&D2438
SG&A2445
Tax48
Net Income2649
Cash Flow ($MM)2017-12-312018-12-31
Cash Operating37103
Cash Investing-6-47
Cash Financing393