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Zepp Health Corporation (NYSE: ZEPP) is a leading global provider of smart wearables and health technology solutions that enable users to maximize their health, fitness, and wellness. Established in 2013 as Huami Corp., the company rebranded to Zepp Health in February 2021 to emphasize its health-centered approach. Zepp Health is renowned for its innovative brands such as Amazfit, Zepp Clarity, and Zepp Aura, which together form a comprehensive ecosystem empowering users to achieve their wellness goals.
Central to Zepp Health's offerings is the proprietary Zepp Digital Health Management Platform, which integrates advanced technologies including Zepp OS, AI chips, biometric sensors, and sophisticated data algorithms. This platform provides 24/7 actionable insights and guidance, supporting users in their everyday health and fitness journeys. To date, Zepp Health has shipped over 200 million units, with its products accessible in more than 90 countries worldwide.
Zepp Health's product portfolio is diverse, featuring smartwatches, fitness bands, and innovative devices like the Amazfit Helio Ring and Amazfit Bip 5 Unity. The company's products are designed to offer a perfect blend of style and cutting-edge technology, appealing to both professional athletes and everyday fitness enthusiasts. Notably, the Amazfit brand has garnered numerous design accolades, including the iF Design Award and the Red Dot Design Award.
Recent achievements highlight Zepp Health's commitment to excellence and community. The company has been actively involved in significant partnerships, such as sponsoring the NN Rotterdam Marathon and the Escape from Alcatraz Triathlon. Through these partnerships, Zepp Health not only promotes its high-performance wearables but also supports athletic communities worldwide.
Financially, Zepp Health reported revenues of US$39.8 million for the first quarter of 2024, with a gross margin of 36.8%. Despite a challenging market, the company's self-branded products have shown robust performance, contributing significantly to its revenue. Looking forward, Zepp Health continues to expand its product offerings and invest in strategic marketing initiatives, ensuring sustained growth and innovation.
Zepp Health's commitment to advancing health technology is further exemplified by its partnership with LiveX AI to enhance customer experiences on the Amazfit website. This collaboration utilizes AI to provide personalized and efficient customer support, setting a new standard in the industry.
For more information about Zepp Health Corporation and its innovative health technology solutions, visit www.zepp.com.
Amazfit, a brand owned by Zepp Health (NYSE: ZEPP), has revealed a new brand identity that reflects customers' values and lifestyles. Since 2014, Amazfit has shipped over 100 million devices and aims to inspire self-expression through dynamic technology products. The brand's visual refresh includes a colorful logo and partnerships with fashion designers for the launch of its GTR 3 and GTS 3 smartwatch series. These models feature advanced health monitoring and long battery life, enhancing users' digital and fitness experiences. The new smartwatches will be available in various European countries and the USA starting October 11, 2021.
Zepp Health Corporation has appointed Meihui Fan as Chief Technology Officer, effective August 19, 2021. Mr. Fan will oversee the technical roadmap and R&D initiatives across the Company. With 8 years at Zepp Health, he has previously served as President of Global Innovation Center. The appointment marks a significant leadership change as it’s the first time the Company has created a CTO position. This strategic move aims to enhance technological capabilities, innovate product offerings, and maintain competitive growth, especially following recent product developments including a smart wearable AI Chip.
Zepp Health Corporation (NYSE: ZEPP) reported a robust 61.4% increase in revenue for Q2 2021, reaching RMB 1.8 billion (US$284.2 million). The company achieved a net income of RMB 92.6 million (US$14.3 million), significantly higher than last year’s RMB 13.3 million. Notably, Amazfit and Zepp branded product revenue surged 81%, while unit shipments increased 114%. The outlook for Q3 anticipates revenue between RMB 1.6 billion and RMB 1.8 billion, reflecting ongoing uncertainties from the COVID-19 pandemic.
Zepp Health Corp. (NYSE: ZEPP) announced it will report its second quarter 2021 financial results before market open on August 19, 2021. The management will host a conference call at 8:00 a.m. ET on the same day. Investors can access the call through various means including a toll-free US number. Zepp Health, formerly Huami Corp., focuses on cloud-based healthcare services and smart wearable technology, having shipped 46 million units in 2020, including 33 million smartwatches.
On July 27, 2021, Zepp Health Corp. (NYSE: ZEPP) announced a $2.4 million investment to lead a $6.5 million Series A funding round for neuro42, Inc.. This funding aims to advance MRI and robotics technology for diagnosing brain injuries and treating neurological diseases. neuro42 holds an exclusive license for low-field MR imaging technology associated with prestigious institutions. This marks Zepp’s third investment in medical imaging technologies, supporting its strategy to enhance health tech offerings, which includes previous success with FDA-cleared MRI technology for prostate interventions.
Amazfit, a brand of Zepp Health (NYSE: ZEPP), has launched the Amazfit PowerBuds Pro, true wireless earbuds equipped with advanced health monitoring and active noise cancellation. Key features include an industry-leading in-ear heart rate sensor, cervical spine angle detection, and smart hearing protection based on WHO standards. The earbuds offer multi-scenario noise cancellation up to 40dB, enhanced call quality with three microphones, and a battery life of up to 30 hours. Available for pre-order from July 15, they are priced at $149.99 in the US and €129.90 in Europe.
Zepp Health Corp. (NYSE: ZEPP) held its annual developer conference on July 13, 2021, unveiling significant advancements in wearable technology. The new Huangshan 2s chip enhances performance, reducing power consumption by 56% and improving graphics by 67%. Zepp OS, a lightweight operating system, promises improved energy efficiency and user experience. Additionally, the innovative PumpBeats™ technology enables non-invasive blood pressure monitoring. The company aims to integrate advanced medical imaging technologies, enhancing healthcare delivery.
Amazfit, a brand of Zepp Health (NYSE: ZEPP), is launching new true wireless stereo (TWS) earbuds with advanced health monitoring features. These earbuds include heart rate tracking and can detect head position to enhance posture, providing user feedback through an app. Additional features help monitor hearing health by analyzing volume and listening habits. Amazfit's innovative product aims to combine immersive audio technology with health tracking, meeting consumer needs in over 90 countries. The company significantly contributed to Zepp Health's growth, achieving top rankings in global smartwatch shipments.
Zepp Health Corp. (NYSE: ZEPP) announced that its Amazfit and Zepp products ranked among the top four in global shipments for Q1 2021, according to IDC data. The company experienced strong market positions, particularly in Brazil (40.9%), Russia (28.9%), and Spain (23.5%). Founded in 2013, Zepp Health focuses on integrating health and technology, developing AI-driven wearables. This announcement comes amid ongoing pandemic challenges, highlighting the brand's resilience and competitiveness in international markets.
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.
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