Xiaomi 1810

Re: Xiaomi 1810

Postby winston » Wed Aug 21, 2019 8:04 am

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Xiaomi earnings fall 34pc to 5b yuan

by Avery Chen

Mainland smartphone producer Xiaomi (1810) yesterday said its first-half net profit fell 33.59 percent year-on-year to 5.08 billion yuan (HK$5.64 billion), as fewer people bought smartphones at home and rival Huawei grabbed market share.

First-half revenue rose 20.2 percent year-on-year to 95.71 billion yuan. Basic earnings per share were 21.4 fen. But the adjusted net profit, on non-International Financial Reporting Standards basis, surged 71.1 percent to 3.64 billion yuan. It did not declare an interim dividend

Chief financial officer Chew Shouzi said the difference between net profit and adjusted net profit is mainly due to changes in the fair value of convertible redeemable preferred shares, unrelated to the company's business operation.

For the second quarter, Xiaomi's revenue grew 14.85 percent year-on-year to 51.95 billion yuan, below analysts' expectation of the 53.52 billion yuan.

Second-quarter net profit slumped 86.68 percent to 1.95 billion yuan. Still, the adjusted net profit of 3.64 billion yuan handily beat the 2.74 billion expected by analysts.

The smartphone segment saw a 4.9 percent increase to 32.02 billion yuan last quarter, with total smartphone shipments rising to 32.1 million. Chew added Xiaomi will launch the second 5G smartphone by year-end.

Revenue of the IoT and lifestyle products rose by 44 percent to 14.9 billion yuan.

Meanwhile, revenue from internet services increased by 15.7 percent to 4.6 billion yuan in the second quarter, but advertising slid 0.6 percent to 2.5 billion yuan due to a soft mainland market.

Shares of Xiaomi rose 3.17 percent to HK$9.43 yesterday, falling by 44.53 percent since its listing in July 2018.

Meanwhile, Kingsoft (3888), chaired by Lei Jun, who also serves as Xiaomi's chairman and chief executive, reported a net loss of 1.48 billion yuan for the first half, compared with a net profit of 296.5 million yuan a year before, dragged by provision for impairment on the carrying value of investments in Cheetah.

No interim dividend was declared. Shares of Kingsoft fell 3.67 percent to HK$15.22 yesterday.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0821&sid=2
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Re: Xiaomi 1810

Postby winston » Wed Aug 21, 2019 10:02 am

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XIAOMI-W Pursues More Than Handset Shipment; Stock Connect Inclusion Definitely Beneficial

XIAOMI-W (01810.HK) is on the eve of 5G rollout as well as in the phase of brand adjustment, adopting solid measures to adapt its pace and safeguard its business, said CFO Chew Shou Zi at the results release conference call.

Maintaining rapid growth over the years with larger base, Xiaomi has been emphasizing cellphone structural adjustment in the past few quarters, instead of simply pursuing shipment increment.

Xiaomi could allow more shareholders to partake in the company's growth if it is included in the Stock Connect, which is definitely beneficial to the company, Chew added.

Source: AAStocks Financial News
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Re: Xiaomi 1810

Postby winston » Thu Aug 22, 2019 9:07 am

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Dual engines: Smartphone + IoT

2Q19 core net profit jumped to Rmb2.64bn; 1H19 core net profit was largely in line at 30% of our FY19F.

2H is typically a peak season for Xiaomi.

Smartphones and IoT are likely to lead the growth in MIUI users.

Maintain Add given the rising MIUI users and monetisation in the ecosystem.

Source: CIMB

https://brokingrfs.cimb.com/gZZ5DST-hzG ... nDiRQ2.pdf
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Re: Xiaomi 1810

Postby winston » Thu Aug 22, 2019 9:31 am

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Xiaomi (1810 HK): Huawei muscling in

Xiaomi delivered an in-line set of 2Q19 results.

Revenue grew 15% YoY to RMB 52.0b, roughly in-line with consensus.

The overall gross profit margin (GPM) improved by 2.1 ppts QoQ to 14.0% in 2Q19, aided largely by the smartphones segment.

All-in, adjusted net profit came in at RMB 3.6b, which was 38% higher than consensus, though we note that this quarter saw net fair value changes of ~RMB 1.4b on investments as part of the adjustment.

We believe that the overall smartphone market in China will remain challenging, given:-
(a) the transitional period to 5G, as well as
(b) Huawei’s aggressive domestic market share grab.

Separately, we are encouraged by the 44% YoY growth in IoT and lifestyle products segment in 2Q19, coupled with its 1.8ppt YoY improvement in GPM to 11.1% in 2Q19.

However, we are concerned over the longevity of these positives, given Huawei’s inroads into the smart TV sector.

Despite inroads into Europe (with major carriers) and growth in IoT, we believe the multiple headwinds will continue to weigh on Xiaomi’s share price in the near term.

We employ a target P/E of 18x, which gives us a FV of HK$9.30. HOLD.

Source: OCBC
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Re: Xiaomi 1810

Postby winston » Sat Aug 24, 2019 7:09 am

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Xiaomi dips toes into lending in India

Xiaomi (1810) is poised to launch a consumer lending business in India in the coming weeks, making an ambitious tilt at the booming financial services market where data privacy concerns and fierce competition present formidable challenges, Reuters reports.

Xiaomi’s new Mi Credit service in India, offering loans of up to 100,000 rupees (HK$10,933) with interest rates starting at 1.8 percent, is scheduled to debut in the coming weeks.

The Xiaomi spokesman told Reuters that Mi Credit was operating in “beta phase” but declined to share details.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0823&sid=2
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Re: Xiaomi 1810

Postby winston » Wed Aug 28, 2019 6:04 am

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Red-faced Xiaomi scraps 'demands'

by Tereza Cai

Phone maker Xiaomi (1810) was slammed by Chinese state-owned media Global Times as "brainless" after posting an advertising slogan very similar to the rallying call of Hong Kong protesters that "all five demands have to be met."

Following the reprimand, the company deleted the advertisement.

Meanwhile, Xiaomi president and co-founder Lin Bin has promised not to sell his Xiaomi stake for next 12 months and stressed that he was confident about the company's future.

This followed his sale of 41.31 million shares in Xiaomi for about HK$370 million on August 21, 22 and 23.

Lin said the shares accounted for only 1.48 percent of his total interests in Xiaomi, the first Hong Kong-listed stock with weighted voting rights.

After chief executive and founder Lei Jun, Lin is the second-largest shareholder of A-class shares, which represents 10 votes per share.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0828&sid=2
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Re: Xiaomi 1810

Postby winston » Tue Sep 03, 2019 11:01 am

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XIAOMI-W: To Buy Back Shrs from Time to Time at Max. $12B

XIAOMI-W (01810.HK) announced that the board of Directors formally resolved to utilize the Share Repurchase Mandate, to repurchase Shares in the open market from time to time, at a maximum aggregate price of HK$12 billion.

The Board believed that a share repurchase in the present conditions will demonstrate the Company’s confidence in its own business outlook and prospects and would, ultimately, benefit the Company and create value to the Shareholders.

The Board believed that the current financial resources of the Company would enable it to implement the share repurchase while maintaining a solid financial position.

Source: AAstocks.com
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Re: Xiaomi 1810

Postby winston » Tue Sep 03, 2019 1:36 pm

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China's Xiaomi boosts shares with $1.5 billion buyback plan

Xiaomi's market share in China declined by a fifth in the April-June quarter even as that of smartphone giant Huawei Technologies surged by 31%, according to research firm Canalys.


Source: Reuters

https://finance.yahoo.com/news/chinas-x ... 13672.html
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Re: Xiaomi 1810

Postby winston » Mon Sep 09, 2019 9:23 pm

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Xiaomi tops Indian smartphone market for eighth straight quarter

by Manish Singh

The Chinese phone maker said it had set up its 2,000th Mi Home store in India.

It is on track to have a presence in 10,000 physical stores in the country by the end of the year, and expects to see half of its sales come from the offline market by that time frame.


Source: Tech Crunch

https://techcrunch.com/2019/08/13/xiaom ... ne-market/
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Re: Xiaomi 1810

Postby winston » Wed Sep 25, 2019 7:22 am

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Xiaomi takes on Huawei with two 5G contenders

Xiaomi (1810) yesterday launched its first 5G-compatible phones in China, as the country's once-biggest smartphone maker prepares for an uphill battle against domestic rival Huawei Technologies.

At an event in Beijing, billionaire co-founder Lei Jun introduced the 5G-capable Mi 9 Pro, the latest of Xiaomi's classic product line, and gave the world a first look at a new concept phone called MIX Alpha, with a display wrapping all the way around the device.

The Mi 9 Pro, built with the Qualcomm Snapdragon 855+ processor and a gluttonous serving of memory and storage, has seven antennas to ensure the fastest possible cellular speeds, with Lei showing off real-world speeds of over 2 gigabits per second.

It will start at 3,699 yuan (HK$4,080), while a 4,299-yuan model will max out the storage at 512GB.

Xiaomi is launching its first two 5G devices just in time for the holiday shopping season, seizing on the seasonal bump in demand with the cachet of having the latest and greatest connectivity.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0925&sid=2
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