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Zepp Health (Huami) Priced, Nasdaq: ZEPP

Leading Chinese designer of low-cost wearable devices partnered with Xiaomi.

Industry: Consumer Discretionary

First Day Return: +2.3%

Industry: Consumer Discretionary

We are a biometric and activity data-driven company with significant expertise in smart wearable technology. We shipped 11.6 million units of smart wearable devices in the first nine months of 2017, more than any other company in the world. By 2021, the global smart wearables market size is expected to reach US$46.2 billion (281.9 million devices), a CAGR of 23.6% from 2016 to 2021. We have been the sole partner of Xiaomi Corp. to design and manufacture most Xiaomi-branded smart bands, watches, scales and associated accessories. Sales to Xiaomi contributed to 82.4% of our total revenues for the nine months ended September 30, 2017. We have shipped 45.3 million devices since our 2013 inception, including over 40 million Mi Band series of smart band products since its July 2014 launch. Since September 2015, we have also leveraged Xiaomi's established distribution network to promote smart bands and watches under our own brand, Amazfit (17.6% of 9mo17 revenue). We believe we have one of the largest biometric and activity databases in the global smart wearables industry. Our mobile apps, Mi Fit and Amazfit (together 50 million registered users), work with our smart wearable devices and provide users with a comprehensive view and analysis of their biometric and activity data.
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Zepp Health (Huami) (ZEPP) Performance