Η Huami Technology published yesterday afternoon its financial results for the third quarter of 2021, showing a large increase in missions.
Σaccording to the company, revenue amounted to 1,6 billion yuan (~ 200 million euros), while total revenue for the first three quarters was 4,589 billion yuan, showing a slight increase from 4,461 billion yuan (600 million) during the same period last year.
Ο Huang Wang, its founder, chairman and CEO Huami Technology, said that while global supply chains and chip shortages posed enormous challenges for most companies, Huami met expectations in the third quarter. The volume of brand shipments Amazfit and Zepp marked a significant increase against 89% from year to year, which shows that the company continues to expand globally.
Ο Huang Wang He also said that the best-selling smartwatches include Amazfit GTS 3, Amazfit GTR 3 and Amazfit GTR 3 Pro, which are all equipped with the new operating system Zepp OS, developed by the company itself.
Ο Deng Cheng, CFO of Huami Technology, stated that due to the delayed release of its new wearables Xiaomi, and the problems in the global supply chain mainly due to the lack of chips, the revenues of this quarter were affected to some extent, but the company's products still achieved good results.
Its board of directors Huami Technology also approved a share repurchase plan 20 million dollars.
Ο Huang Wang stressed that this share repurchase plan launched this time, is fully consistent with the commitment to maximize value to all shareholders, and reflects the company's confidence in sustainable development and its long-term strategy.
Finally, in terms of financial performance in the fourth quarter of 2021, the company's management expects revenue to be between RMB 1,75 billion and RM2 billion (~ 276 million euros).
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