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) 1,017,275 38% 12.5 16% 338,516 248,028 260,174 98,392 55,256 85,615 1,068,730
IBM (IBM) 127,843 47% 11.3 5% 149,620 131,524 77,131 36,076 7,712 16,000 181,130
HP (HPQ) 28,057 19% 8.8 9% 33,467 58,756 11,170 3,152 3,267 28,671
Hewlett Packard (HPE) 19,466 8% 6.1 2% 51,803 34,705 29,135 2,393 1,049 4,088 24,784
Nice (NICE) 6,628 0% 3,207 1,191 0 0 0 0 6,601
Omnicell (OMCL) 3,062 48% 32.8 3% 1,244 437 649 313 39 91 3,002
Yext (YEXT) 1,902 74% -16.5 -22% 486 273 281 209 -106 -100 1,645
Huami (HMI) 2,181 0% 3,258 1,449 0 0 0 0 729
Commvault Systems (CVLT) 2,013 82% 118.3 -0% 802 430 695 573 -3 14 1,636
Sogou (SOGO) 2,173 0% 1,463 456 0 0 0 0 1,988
Korn Ferry (KFY) 2,135 0% 6.6 7% 2,486 1,228 1,989 0 183 293 1,944
Power Integrations (POWI) 2,749 51% 34.2 9% 636 71 400 203 58 78 2,669
Ambarella (AMBA) 2,132 58% -88.3 -6% 514 69 172 99 -32 -21 1,880
TTEC Holdings (TTEC) 2,276 13% 11.5 6% 1,182 795 1,602 207 74 189 2,180
Cray (CRAY) 1,447 29% -13.5 -23% 460 183 396 115 -108 -95 1,282
Fitbit (FIT) 991 35% -5.4 -13% 1,377 788 1,504 523 -185 -131 704
One Stop Systems (OSS) 49 32% -111.5 -5% 38 10 40 13 -2 -0 48
Socket Mobile (SCKT) 15 52% 19.7 1% 19 6 15 8 0 1 14
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