BEIJING, June 28, 2018 /PRNewswire/ -- Huami
Corporation ("Huami" or the "Company") (NYSE: HMI), a biometric and
activity data-driven company with significant expertise in smart
wearable technology, today announced that sales volume for the Mi
Band 3 has reached one million units, only 17 days after its wide
release to consumers.
Mi Band 3, the third generation of our flagship smart band
product line, reached the sales volume milestone of one million
units significantly faster than the Mi Band 2 and Mi Band 1. Mi
Band 2 and Mi Band 1, launched in 2016 and 2014, respectively, took
approximately two months and four months, respectively, to reach
the same level of sales volume.
In addition to designing, manufacturing and selling smart bands
and watches under its own Amazfit brand, since 2014, Huami has
served as the sole partner of Xiaomi, an internet company with
smartphones and smart hardware connected by an IoT platform at its
core, to design and manufacture Xiaomi-branded smart bands, watches
(excluding children watches and quartz watches), scales and
associated accessories.
"We are very pleased with the strong market demand for Mi Band 3
and reaching this sales milestone so quickly," said Wang
Huang, Chairman and CEO of Huami. "This record result reflects the
growing popularity of our products, our excellent supply chain
management capabilities and our deep understanding of the market
and target consumer base. We are excited about the trajectory of Mi
Band 3 in the market and its emerging role as a leading driver
among our growing suite of Xiaomi- and self-branded products."
About Huami Corporation
Huami is a biometric and activity data-driven company with
significant expertise in smart wearable technology. Since its
inception in 2013, Huami has quickly established its global market
leadership and recognition by shipping millions of units of smart
wearable devices. In 2017, Huami shipped 18.1 million units of
smart wearable devices. Huami has one of the largest biometric and
activity databases in the global smart wearables
industry. Huami's mobile apps work hand in hand with its smart
wearable devices and provide users with a comprehensive view and
analysis of their biometric and activity data. In addition to
designing, manufacturing and selling smart bands and watches under
its own Amazfit brand, Huami is the sole partner of Xiaomi, a
leading mobile internet company and global consumer electronics
brand, to design and manufacture Xiaomi-branded smart bands,
watches (excluding children watches and quartz watches), scales and
associated accessories.
For more information, please
visit: http://www.huami.com/investor
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "confident" and similar statements.
Statements that are not historical facts, including statements
about the Company's beliefs and expectations, are forward-looking
statements. Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: the
cooperation with Xiaomi, the recognition of the Company's
self-branded products; the Company's growth strategies; trends and
competition in global wearable technology market; changes in the
Company's revenues and certain cost or expense accounting policies;
governmental policies relating to the Company's industry and
general economic conditions in China and the global.
Further information regarding these and other risks is included in
the Company's filings with the SEC. All information provided in
this press release and in the attachments is as of the date of this
press release, and the Company undertakes no obligation to update
any forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
In China:
Huami Corporation
Grace Yujia Zhang
Tel: +86-10-5940-3255
E-mail: ir@huami.com
The Piacente Group, Inc.
Ross Warner
Tel: +86-10-5730-6201
E-mail: huami@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: huami@tpg-ir.com
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SOURCE Huami Corporation