Is Xiaomi s first annual report good or bad after listing?

The stock price fell ...... after the release of the annual report

Xiaomi was quite good, with total revenue of 174.9 billion yuan in 2018, year-on-year growth, and adjusted profit of 8.6 billion yuan, year-on-year growth. And from the report, we also see several good signs:

1. Growth of IoT devices. The so-called IoT device, to put it bluntly, is the Internet of Things device. In the case of Xiaomi, other products other than smartphones and laptops will be excluded.

We see that Apple also has this tendency, and the weight of Apple's mobile phone sales is still very high, but Apple is more concerned about other smart wearable products. Because although some wearable products are not of high value, these products can be used as an entry point for the future. For example, Xiao Ai, you can use this core to link to Xiaomi sweeping robots, Xiaomi balance bikes, and even Xiaomi air conditioners and rice cookers.

Although Xiaomi's closed-loop lacks the core technology of Apple's iOS system, it is also a good Internet of Everything, the prototype of the 5G era.

2. Growth of Internet service business. This is similar to Apple, Apple is paying or ****, or Apple ** gets revenue. It also belongs to the Internet service category, but unfortunately Xiaomi's Internet service is still in advertising and games.

However, the number of Internet businesses began to increase.

3. Overseas business revenue reached 70 billion, an increase of 40%. This is very important, because the Chinese market will face opening up in the future, and how to enter the international market on a reciprocal basis to obtain benefits is a difficult problem for many Chinese enterprises that are accustomed to inland play in the future. Today, Xiaomi should rank fourth in the world in terms of mobile phone sales, and its expansion in India should be obvious to all, Xiaomi's strategy in India does not overlap with that of China, and its large number of construction outlets, landing competition, which provides employment, and gradually gained a certain corporate influence in this populous country.

However, there is still a fly in the ointment, Xiaomi's problem is that its income is very diverse, but it is still not focused, now 4G is over, 5G has not started, smartphones are facing changes, and they need to be ready for the arrival of the 5G era, or in terms of applications, or in terms of hardware. But I haven't seen it yet. Personally, there are concerns about this.

Other than that, everything is fine.

Xiaomi recently announced its results for the first quarter of 2021, and we won't discuss the specific figures, but the approximate situation is that the year-on-year growth in the first quarter of 2021 is almost 50%, which can be said to have handed over a satisfactory report card to the capital market.

However, there are some caveats to this. For example, although the performance in the first quarter of 2021 increased rapidly year-on-year, the sequential growth did not change much, or was flat. Why is this so? The reason for this is related to the epidemic last year.

Because the first quarter of last year was still affected by the epidemic, the shipments of the mobile phone industry were not very good, and Xiaomi was the same, so the first quarter of this year was outstanding, which is not surprising, but compared with the previous quarter, Xiaomi's results were actually not very good.

However, overall, Xiaomi's progress is still obvious to all.

First of all, in the sales of flagship mobile phones, Xiaomi relies on the latest Xiaomi 11 series to stabilize the heel of the high-end market, laying a good foundation for the impact of high-end, the next generation of Xiaomi mobile phones, is bound to continue to exert force on this basis, and continue to add full horsepower to Xiaomi's high-end brand image.

However, in the first quarter of 2021, in addition to Xiaomi's mobile phone business, Xiaomi's two most profitable businesses are smart home and Internet advertising.

Smart homeWe know,Xiaomi is currently doing the best in the industry,In addition to the cost-effective TV series,There are sweeping robots、Air purifiers and other smart homes are loved by consumers,Many people's first smart home appliances,It will be Xiaomi's。

In addition, Xiaomi's Internet advertising business is still in full swing, which continues to inject energy into Xiaomi's revenue.

Next, the challenge for Xiaomi can be said to be to face itself and how to surpass itself. At the same time, Xiaomi also has a long way to go in the future car-making business, and it is really hard to say whether it can be successful, because making a car and making a mobile phone are completely different things.

Anyway, let's wait and see!

Xiaomi Group announced its results for the first quarter of 2021. Revenue and profit growth far exceeded market expectations. Total revenue reached RMB76.9 billion, a year-on-year increase; Adjusted net profit increased year-on-year to RMB6.1 billion.

The "Mobile Phone x AIoT" core strategy has achieved remarkable results, with R&D investment reaching RMB3 billion, a year-on-year increase, and technology-driven rapid growth of various businesses.

First of all, the performance is a new high, this is clear. Compared with the numbers, the high-end story that Xiaomi has been telling has really succeeded in the first quarter.

<> no matter how small an individual is, he must have his own point of view. This is Micro Issue 11.

What is the purpose of Xiaomi's listing?

Xiaomi has launched a plan to go public, and now that Xiaomi's valuation has reached $70 billion, is the purpose of Xiaomi's listing to raise funds? Obviously not, Xiaomi's listing should be based on the following reasons.

First of all, it is to prove the logic of financial capital and the existence value of financial instruments. Through the logic of making money through money, financial capital depicts the future of Xiaomi as infinite possibilities, and on this basis, Xiaomi's valuation in the capital market will not be too low, which also reflects the vision and courage of financial capital. These financial capitals cashed out at the time of Xiaomi's listing, ensuring the maximization of interests, gaining the affirmation and appreciation of the capital market, and consolidating and strengthening their position in the investment field.

Secondly, Xiaomi's listing can further standardize the business behavior of enterprises. Xiaomi's transformation from a closed private company to a listed company will undoubtedly increase the transparency of its operations. All of Xiaomi's business activities will be judged by the market, and these evaluations have their own positions, and they may also be black and white.

The high degree of dispersion of Xiaomi's discourse power directly leads to the side-of-the-line authority of Xiaomi's decision-making level, which actually tests Xiaomi's leadership and how to create an environment more suitable for multi-party coexistence and common development. This requires great wisdom, and we must reach a consensus and unite people through corporate beliefs and core values. If Xiaomi does not have a tolerant heart, no matter how many possibilities exist in your future, you will not be able to bear the external 360-degree evaluation, so it is easy to lose yourself and lose the future.

Third, Xiaomi's listing is actually to prepare for the next financing, and it is also for the majority of small and medium-sized investors - shareholders to share the dividends brought by Xiaomi's rapid development. Of course, Xiaomi's listing to a certain extent means that this industry and field are basically in a stable development stage, and small and medium-sized investors - shareholders are basically unable to take the fast train of rapid development, and the best result is to be able to obtain the expected dividends and dividends.

The purpose of Xiaomi's listing is basically these three points. First, listing is actually a market mechanism for financial capital to cash out; Second, the purpose of listing is to make their business behavior more scientific and standardized; Third, for the needs of the next financing, and at the same time, let the society share the dividends brought by the enterprise in the development process.

Recruitment: If you want to join the scientific and technological thinking creation team or learn friends, please send a private message [cooperation] to get the information to join the group, learn and grow together!

On the morning of March 5, Lei Jun, a deputy to the National People's Congress and chairman and CEO of Xiaomi, said in an interview with a reporter from ** Times that Xiaomi has a layout in Taiwan and Hong Kong. There was no response to the progress of Xiaomi's listing.

Recently, it has been reported that Xiaomi may apply for listing in Hong Kong next month, and the listing will be completed from June to July at the earliest. According to other sources, Xiaomi's IPO may eventually finalize the issuance of A+H shares, and the funds to be raised may be $10 billion.

In this regard, Xiaomi's response is still not to comment.

However, industry insiders believe: "Judging from the current situation, it is difficult for Xiaomi to achieve A+H listing, which has problems such as VIE structure and different rights of the same shares, and the financial indicators do not meet the relevant requirements of A-share listing." However, if the reform of the new share issuance system is accelerated, there are also multiple possibilities for Xiaomi to go public.

According to ** reports, a source said that Xiaomi's IPO may finally finalize the issuance of A+H shares in two places. Previously, the choice of Xiaomi's listing location has been between U.S. stocks and Hong Kong stocks. But this information has not been officially confirmed.

Wei Lai, the head of Xiaomi marketing, previously revealed that Xiaomi uses a VIE architecture. Industry insiders believe that when such a company structure reaches the public offering stage, it will conflict with the relevant domestic listing rules.

However, the Hong Kong Stock Exchange will gradually allow innovative companies to adopt a "dual share" structure to list on the Hong Kong Stock Exchange, or Xiaomi, which has a VIE structure, is expected to successfully land on the Hong Kong Stock Exchange.

It is worth noting that after the news that Xiaomi may be listed on A+H shares at the same time, Xiaomi's industry chain has also attracted attention in the capital market. Among them, listed companies such as Pulutong and Gongda Electroacoustics have a daily limit. Many companies such as Sunwoda and Wingtech Technology have established close cooperation with Xiaomi and entered the Xiaomi ecological chain.

Recently, it was rumored on the Internet that Xiaomi will be listed on the Hong Kong ** Stock Exchange, according to Xiaomi's senior personnel, Lei Jun has contacted the investment bank. Xiaomi's valuation may be around $2,000 a dollar when it goes public, and according to insiders, someone within Xiaomi has begun to buy back options in the hands of employees at a valuation of $95 billion, and as long as there are thousands of options in their hands, the valuation may exceed one million after listing. Those who have millet options need to pay attention to seize the opportunity.

However, three months ago, in the "Global Unicorn Company List" released by the well-known venture capital research institute Cbinsight, Xiaomi's valuation was only $46 billion. When Xiaomi was disclosed in December 2014, it was said to be valued at $45 billion. Top 10 of CBINSIGHT's "Global Unicorn Company List".

Xiaomi's several rounds of investors include Qiming Venture Partners, IDG Capital, GIC, DST, Temasek, Hopu Investment, Yunfeng** and dozens of VC PE investment institutions.

Following Xiaomi's strategic layout, especially in the layout of internationalization, the layout of new retail and intelligent platforms, industry analysts believe that only the current cash flow and previous financing cannot be supported, which is also one of the reasons for the frequent IPO news.

In 2017, Xiaomi fought a beautiful turnaround, and in 2015, it was squeezed by the mobile phone giants represented by OPPO and vivo, and began to vigorously attack the channels of offline stores, mainly in third- and fourth-tier cities, because the crowds in these cities are in line with the consumption of Xiaomi mobile phones**; Huawei's implementation of the "dual brand" plan, after Huawei's Glory billion Internet asset-light model entered the game, Xiaomi was defeated, and the problem of insufficient chain began to be gradually exposed.

After thinking about it, Lei Jun summarized three difficulties: the vicious competition in the online market, the missed offline replacement boom in the county and township markets, and the management challenges of rapid growth.

After paying attention to these problems, Xiaomi began to re-layout in the second quarter of 2017, and Xiaomi mobile phones finally bottomed out**.

If Xiaomi is valued at $200 billion after listing, Lei Jun is bound to become China's richest man.

After Xiaomi released its second-quarter earnings report,Shares** too

At the opening of trading on August 27, Xiaomi Group's Hong Kong stocks rose by more than 7% at one point, reaching the highest level of the Hong Kong dollar in a year. As of 10:24 on August 27, Xiaomi's share price was quoted in Hong Kong dollars, with a total market value of 507.7 billion Hong Kong dollars, breaking through the 500 billion Hong Kong dollar mark.

After the evening of August 26, Xiaomi Group released its financial reports for the first half of this year and the second quarter. In the first half of this year, Xiaomi Group's total revenue reached RMB103.2 billion, up year-on-year, and adjusted net profit was RMB5.7 billion, down slightly year-on-year. Among them, revenue in the second quarter was RMB53.5 billion, a year-on-year increase, and adjusted net profit was RMB3.4 billion.

Xiaomi released its second-quarter earnings report, which had an impact on the stock price. Stock price performance is directly related to the financial situation, good financial situation, indicating that the company's development prospects are good, and the stock price will also perform, but the financial situation is not good, the stock price will decline, so the financial situation reflects the company's development prospects, and the stock price performance in the secondary market is directly related.

The impact is very great, if the financial performance is good, it will rise, and if the financial performance is poor, it will fall.

Xiaomi's second-quarter earnings report has not had any bad impact on the stock price so far, but we can't predict whether it will be in the future.