**Adjusted net income, a non-GAAP financial measure, represents net income excluding share-based compensation, and such adjustment has no impact on tax
2020 1H Financial and Operating Results
Revenue
RMB2,225.7 M
YOY
+21.1%
Units Shipped
Adjusted Net Income
attributable to Huami **
RMB44.7 M
16.5 M
YOY
+18.7%
**Adjusted net income, a non-GAAP financial measure, represents net income excluding share-based compensation, and such adjustment has no impact on tax
Earnings Performance
Earnings per ADS (Basic)
(RMB)
1.46
US$0.03 0.21
Adjusted Earnings per ADS (Basic)**
(RMB)
1.83
US$0.04 0.31
2Q19
2Q20
2Q19
2Q20
**Adjusted net income, a non-GAAP financial measure, represents net income excluding share-based compensation, and such adjustment has no impact on tax
Revenue
(RMB in Millions)
21.1%
US$315.0
9.5%
million
2,225.7
1,838.3
US$161.0
million
1,038.7 1,137.3
2Q19
2Q20
1H19
1H20
Gross Profit
(RMB in Millions)
Gross Margin
US$35.9
277.3
million
253.4
2Q19
2Q20
US$70.5
million
494.8
497.9
1H19
1H20
26.7%
22.3%
2Q19
2Q20
26.9%
22.4%
1H19
1H20
Earnings Performance
Net Income Attributable to Huami
Adjusted Net Income Attributable to Huami
(RMB in Millions)
(RMB in Millions)
89.4
US$1.9
million
13.3
2Q19
2Q20
164.6
US$4.6
million
32.5
1H19
1H20
111.7
US$2.7
million
19.1
2Q19
2Q20
206.7
US$6.3
million
44.7
1H19
1H20
Improving Liquidity Position
Cash and Cash Equivalents
(RMB in Millions)
US$375.0
million
2,649.2
1,803.1
1,441.8
Dec. 31, 2018
Dec. 31, 2019
Jun. 30, 2020
Business Outlook
For the third quarter of 2020, the Company currently expects:
Net revenues to be between RMB2.1 billion and RMB2.15 billion, which would represent an increase of approximately 12.9% to 15.6% from RMB1.86 billion in the third quarter of 2019.
Thank You
Attachments
Original document
Permalink
Disclaimer
Huami Corporation published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 10:40:04 UTC
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.
ZEPP HEALTH CORPORATION 
