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Zepp Health Corp. (NYSE: ZEPP) reported Q1 2021 revenue of RMB1.1 billion (US$175.1 million), a 5.4% increase year-over-year. Despite a GAAP diluted net loss per share of RMB0.16 (US$0.02), self-branded Amazfit and Zepp product sales surged 84% year-over-year. The company expects strong performance in Q2 with anticipated net revenues between RMB1.7 billion and RMB1.8 billion, driven by ongoing demand for their products and new Xiaomi shipments. However, challenges from COVID-19 and increased operating costs persist.
Zepp Health Corp. (NYSE: ZEPP) has expanded its agreement with Rouumtech Co., Ltd. to private label a customized Europa™ portable X-ray system and its entire range of X-ray products for sales in China. The collaboration builds on a relationship established in August 2020 and aims to obtain China market clearance from the National Medical Products Administration. Zepp Health will leverage its AI expertise alongside Rouumtech's medical imaging technologies to enhance medical care globally.
Huami Corp has announced a name change to Zepp Health Corp, effective February 25, 2021, along with a new ticker symbol 'ZEPP' on the NYSE. This change is intended to reflect their dedication to integrating technology with health and expanding into the industrial healthcare technology market. Zepp Health aims to leverage its proprietary technology, including biometric sensors and AI chips, to enhance health outcomes. The company's partnerships with various industries are set to create new revenue streams as it moves beyond consumer wearables.
Huami Corp. (NYSE: HMI) has announced a $5 million investment in Hyperfine Research's funding round that closed on February 3, 2021. This investment aligns with Huami's strategy of integrating health and technology, particularly in medical imaging. Hyperfine's portable MRI system, Swoop, received FDA 510(K) clearance in August 2020, aiming to innovate patient evaluation locations and procedures. Huami's commitment to miniaturization in health technology supports its mission to enhance patient care and streamline medical processes.
Amazfit aims to connect health with technology this Valentine’s Day, featuring smartwatches that monitor heart rate and various health metrics. Customers can benefit from up to $30 off during the Valentine’s Day Sale, which runs until February 14, 2021. Popular products highlighted include the Amazfit GT series, Amazfit Band 5, and Amazfit T-Rex, each catering to different styles and needs. The sale features discounts on multiple models, including the Amazfit Bip S and Bip U Pro, with free shipping available on their official website and Amazon.
Huami Corporation (NYSE: HMI) is set to hold its 2020 Annual General Meeting (AGM) on February 25, 2021, in Beijing. The AGM will consider a proposal to change the Company's legal name to Zepp Health Corporation and alter the trading symbol to ZEPP. The proposed changes are not expected to impact shareholders' rights or the Company's financial status. The record date for shareholder eligibility is January 22, 2021. Huami has also filed its annual report for the fiscal year ended December 31, 2019, with the SEC, detailing its performance.
Huami Corp. (NYSE: HMI) announced a Fireside Chat investor conference call set for January 22, 2021, at 8:00 a.m. ET. The call will cover the company’s 2021 strategies for consumer and industrial health technologies, showcasing product plans from the Consumer Electronics Show and new medical imaging partnerships. Key speakers include Chairman and CEO Wang Huang, CFO Leon Deng, and COO Mike Yeung. Participants can join by calling +1-888-346-8982 or via the company’s webcast at huami.com/investor.
Promaxo, a medical imaging and AI technology firm, announced a successful investment round of $4.17M led by Huami Corp (NYSE: HMI). This funding will enhance Promaxo's data strategy and the integration of AI in imaging solutions. CEO Dr. Amit Vohra emphasized the company's commitment to improving healthcare through innovative technologies. Huami's COO, Mike Yeung, highlighted the collaborative potential between the two companies, leveraging Huami's expertise to drive Promaxo's growth and market expansion.
Huami Corp. (NYSE: HMI) announced its acquisition of 29.99% of Jiangsu Yitong Hi-Tech Co., Ltd. for RMB959.68 million (approximately US$147.08 million). This strategic move aims to enhance Huami's healthcare ecosystem in China, leveraging Yitong's access to the domestic capital market. The transaction is subject to shareholder approval and expected to close by mid-2021. Huami's CEO emphasized that this investment is pivotal for future growth and shareholder value, aligning with the company's mission of connecting health with technology.
Amazfit has launched the Amazfit Bip U and Amazfit Bip U Pro smartwatches, priced at $59.99 and $69.99 respectively, alongside the Amazfit Smart Scale for $49.99. These products focus on health and fitness tracking, featuring over 60 sports modes, blood-oxygen monitoring, and high-precision sensors. The Bip U Pro offers built-in GPS and Alexa support. Holiday discounts are available, with prices as low as $44.99 on select items. Amazfit aims to connect health with technology, enhancing user experience.
