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Stock impact report

Huami Corporation Reports Third Quarter 2019 Unaudited Financial Results

HUAMI CORP ADS (HMI) 
US:NYSE Investor Relations: huami-usa.com/investors
Company Research Source: PR Newswire
BEIJING, Nov. 12, 2019 /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 its unaudited financial results for the third quarter ended September 30, 2019.Third Quarter 2019 Financial and Operating Highlights Revenues reached RMB1,862.5 million (US$260.6 million), representing an increase of 73.3% from the third quarter of 2018. Gross margin was 25.2%, compared with 26.7% for the third quarter of 2018. Net income attributable to Huami Corporation was RMB203.3 million (US$28.4 million), compared with RMB113.8 million for the third quarter of 2018. Basic and diluted net income per American depositary share ("ADS") attributable to ordinary shareholders of Huami Corporation was RMB3.31 (US$0.46) and RMB3.15 (US$0.44), respectively. Each ADS represents four (4) Class A ordinary shares. Adjusted net income attributable to Huami Corporation[1] was RMB209. Show less Read more
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