Huami: Cracks Emerging
Huami's latest results show shipments growth decelerating in Q2, while disappointing Q3 guidance suggests that sales of the Mi Band 5 may have been lackluster. Huami's gross margin profile has also taken a hit. Huami blames the coronavirus for the weakening sales in Q2, though its primary Chinese market is among the healthiest in the post-pandemic world. Huami shares are cheap at a ~10x forward P/E, but this lowball multiple reflects its uncertain growth trajectory.
Seekingalpha · 10/21 16:14
Huami extends multi-year strategic agreement with Xiaomi
Huami (HMI) announced a 3-year extension of its strategic cooperation agreement with Xiaomi.Through the terms, Huami continues to receive the most-preferred-partner status to develop Xiaomi wearable products.In addition, the two parties will
Seekingalpha · 10/20 13:14
Huami Corporation Announces Multi-Year Strategic Cooperation Agreement Extension with Xiaomi Corporation
Huami Corporation ("Huami" or the "Company") (NYSE: HMI) today announced a 3-year extension of its strategic cooperation agreement with Xiaomi Corporation ("Xiaomi"). Through the terms of this extension, Huami continues to receive the most-preferred-partner status to develop Xiaomi wearable products. In addition, under the agreement, the two parties will form a most-preferred strategic partnership on the research and development of AI-chips and algorithms for wearable devices.
PR Newswire · 10/20 12:00
Here's Why I Think Huami (NYSE:HMI) Is An Interesting Stock
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of...
Simply Wall St. · 09/29 12:50
Amazfit Smartwatches Debut at Walmart
Amazfit today announced that its line of smartwatches will debut at Walmart stores across the U.S. Amazfit smartwatches, which combine sports functionality with health management, are the perfect daily companion to keep consumers informed and active. The smartwatches will start hitting Walmart store
Business Wire · 09/23 14:00
Why Huami's Stock Is Trading Higher Today
Huami (NYSE: HMI) shares are trading higher on Monday following media reports that the company's smartwatch will be compatible with Tesla (NASDAQ:
Benzinga · 09/14 14:14
Huami Corp. to Participate in Wells Fargo 3rd Annual Virtual Consumer Conference
Huami Corp. to Participate in Wells Fargo 3rd Annual Virtual Consumer Conference
Business Wire · 09/03 15:30
Does Huami (NYSE:HMI) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Simply Wall St. · 09/03 15:00
Award-Winning Amazfit ZenBuds Now Available to U.S. Consumers
Amazfit announced that its award-winning Amazfit ZenBuds are now available to consumers in the United States.
Business Wire · 09/02 13:30
Huami Corp. Announces Change of Chief Financial Officer, Effective October 1, 2020
PR Newswire · 08/31 10:50
Huami announces change of CFO
Huami (HMI) announced that Mr. David Cui has tendered his resignation as CFO, effective October 1, 2020, for personal reasons.Mr. Cui will become a consultant to the company for a
Seekingalpha · 08/31 10:14
Huami Names Leon Cheng Deng CFO, Effective October 1, 2020
Huami Corp. (NYSE: HMI) today announced that Mr. David Cui has tendered his resignation as Chief Financial Officer, effective October 1, 2020, for personal reasons. Mr. Cui will become a consultant to the company for a transitional period of time after his resignation as the Chief Financial Officer becomes effective.
Benzinga · 08/31 10:10
Xiaomi Profit Beats After Growing Premium Phone Share
(Bloomberg) -- Xiaomi Corp. reported better-than-expected profit after cracking the Chinese market for high-end smartphones and growing its share of overseas markets like Europe and India.The Chinese smartphone maker more than doubled net income to 4.49 billion yuan ($716 million) in the June quarter
Bloomberg · 08/26 12:01
Credit Suisse Head of Asia Technology to Join Xiaomi as CFO
(Bloomberg) -- One of Credit Suisse Group AG’s most prominent executives in Asia, Alain Lam, is joining Chinese smartphone maker Xiaomi Corp as chief financial officer, according to people familiar with the matter.Lam, head of the technology and media practice within Credit Suisse’s investment banking
Bloomberg · 08/25 10:09
Huami shares are trading lower after the company reported worse-than-expected Q2 ADS results.
Benzinga · 08/18 18:14
Huami Corporation (HMI) CEO Wang Huang on Q2 2020 Results - Earnings Call Transcript
Huami Corporation. (NYSE:HMI) Q2 2020 Results Earnings Conference Call August 18, 2020, 08:00 AM ET Company Participants Grace Zhang - Director, IR Wang Huang - Chairman and CEO David Cui - CFO Mike Yeung - COO Conference Call Participants Clive Cheung - Credit Suisse Xudong Chen - CICC Tony Zhang - Haitong Michelle Zhang - China Renaissance Robert Cowell - 86 Research Presentation Hello, ladies and gentlemen.
Seeking Alpha - Transcript · 08/18 17:03
Huami Corporation 2020 Q2 - Results - Earnings Call Presentation
The following slide deck was published by Huami Corporation in conjunction with their 2020 Q2 earnings call.
Seekingalpha · 08/18 13:26
Huami falls on Q2 revenue miss, in-line Q3 guidance
Huami (HMI) reports Q2 results that misses on revenue estimates.Q2 highlights: Revenue rose 9.5% y/y to RMB1.14B.Gross margin were 22.3%, compared with 26.7% year-ago.Operating income was down 90% y/y to
Seekingalpha · 08/18 13:25
HMI, ICPT among premarket losers
Seanergy Maritime Holdings (NASDAQ:SHIP) -52% after pricing public offering of ~35.7M units. Poseida Therapeutics (NASDAQ:PSTX) -22% after cancer drug tria
Seeking Alpha - Article · 08/18 12:21
Huami Corporation Reports Second Quarter 2020 Unaudited Financial Results
PR Newswire · 08/18 11:15
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About HMI
Huami Corp is engaged in developing smart wearable technology. The Company designs and develops biometric and activity data-driven fitness and smart watches. The Company markets its products under the brand name, Amazfit and is the sole partner for Xiaomi wearable products. The Amazfit range of products includes Amazfit BIP, Amazfit pace, Amazfit equator, Amazfit ARC, and accessories, such as sports bands, watch straps, ear buds, charging units, and core trackers. The smart watches provides features that include activity tracking, sleep tracking, smart notifications from mobile devices, GPS, heart rate sensing, water resistance, wireless syncing with mobile phones. It also provides a mobile application to keep track of the fitness information, set alarms and receive call notifications on the smart watch. The Company is the sole partner of Xiaomi wearables, including the Mi band series.