Wen / Cui Yuxian In the coming year, even sleeping is a waste of time. In January 13, 2018, CFO, a new senior vice president, was also a picture of a very hot inside of the millet, which was shared by micro-blog on micro-blog, which was once interpreted as a countdown before the market. Nearly half a year, millet Hongkong applied for IPO. IPO before the application of millet action frequently, it seems to be listed for the market: first, the overall hardware business comprehensive after tax net interest rate is not more than 5%, then the personnel adjustment, CFO week by the senior vice president of the company, Zhou Guangping, Huang Jiang Ji two co founders resigned from the company position. In May 3rd, millet submitted a prospectus to the Hong Kong exchange, which became the first batch of technology companies to apply for the different rights of the same share, and was considered to be the largest IPO in the world this year. And looking at this prospectus, some people began to think about how many employees of millet will achieve financial freedom. But for Lei Jun, the Prospectus has made him a step closer to his dream. The largest new stock of new stock is submitted to IPO The prospectus shows that the shareholding ratio of the executive director, chairman and chief executive officer of the board is 31.4%. Lin Bin holds 13.3286%, Li Wanqiang holds 3.2375%, Yellow River jilt 3.2375%, Hong Feng holding 3.2207%, Xu Dalai holding 2.9312%, Liu Dechi 1.5494%, Zhou Guangping holding 1.4317%, Wang Chuan 1.1149%, Chen Xing group stock 17.1931%, other investors hold 21.3430%. Lei Jun and Lin Bin hold shares for class A shares, each can vote for 10 votes, while others hold B shares, and each party can vote for 1 votes. In the case of reservations, it is calculated by one share and one vote. In view of the lack of specific financing plans and target stock prices, we can not accurately calculate Lei Juns personal status. However, as early as the listing of millet, the industry has already started rumors that after millet listing, Lei Jun will become the new richest man. From the income situation of the last three years, millet from 2015 to 2017 income was 66 billion 811 million yuan, 684.34. billion yuan and 114 billion 625 million yuan, 2017 year-on-year increase of 67.5%; operating profit of 1 billion 373 million yuan, 3 billion 785 million yuan and 12 billion 215 million yuan, 2017 year-on-year growth 222.7%. In 2015, the net loss of millet was 7 billion 630 million yuan, the net profit in 2016 was 490 million yuan, while the net loss in 2017 was 43 billion 890 million yuan. As of December 31, 2017, the net liability of millet was 127 billion 200 million yuan, with a total loss of 129 billion yuan. Its no wonder that millet is on the A stock market. According to the prospectus form, Xiaomis income mainly comes from four major businesses: smart phones, IoT and consumer goods, Internet services and others. Among them, the annual income of smart phones accounts for more than 7. In the disclosure of the prospectus, the Lei Jun also issued an open letter, again emphasizing that millet is not a simple Hard Suits Inc, but an innovation driven Internet Co. And millet overall hardware business every year, (including mobile phones and IoT and consumer products) after the comprehensive net interest rate of no more than 5%, if more than, will be more than 5% of the partial return to millet users in a reasonable way. The IPO has become the focus of attention of the industry, and it will be the worlds largest IPO this year. And looking at this prospectus, some people began to think about how many employees of millet will achieve financial freedom. But for Lei Jun, the Prospectus has made him a step closer to his dream. The fastest billion revenue Club Eight years ago, the Lei Jun, who had been able to achieve financial freedom, wanted to do something dream - to create a world-class technology company to benefit everyone in the world. This is also the dream that Lei Jun will mention in almost every public occasion and media interview. With such a dream, millet appeared like this. Whether it is from its financing process or business mode, its development process has created an incredible miracle. Look at the valuation after Millets successive financing: at the end of 2010, millet was financing $41 million and the company was valued at $250 million; in December 2011, it was $90 million in financing, valued at $1 billion; in June 2012, a $216 million financing was awarded to $4 billion; in August 2013, a new round of financing was valued 10 billion. The dollar, which is $1 billion 100 million in 2014, is valued at $45 billion. It is also the last round of financing that is known to the outside world. At this time, millet is valued at 180 times as much as it was founded in 2010. The business model of millet also developed from the beginning of content + application + hardware to software + hardware + Mobile Internet. It was the first Triathlon put forward by millet. After 2015-2016 years of pain, Lei Jun also put forward new triathlon: Hardware + new retail + Internet. First of all, hardware, in addition to mobile phones, millet layout of the smart home ecological chain has begun to take shape. According to Lei Juns plan, incubating 100 intelligent Hard Suits Inc in five years, the investment of millet ecological chain enterprise is approaching the expected goal. Official data from Xiaomi show that as of June 30, 2017, millet has invested 89. At the end of 2016, Lei Jun disclosed in an open speech that millet investment in intelligent hardware ecological chain company, already has 16 annual income of over 100 million, 3 annual income over 1 billion, 4 to become valued more than 1 billion dollar unicorn. These Hard Suits Inc revenue in 2016 is more than 10 billion yuan, this year is expected to exceed twenty billion yuan, next years plan is more than forty billion yuan. The thunder army said at the Wuzhen conference in 2017. CEO from an intelligent Hard Suits Inc to NetEase Technology: as long as the millet ecological chain enterprise, it can be able to be able to be able to have its channels and brand endorsement, quickly seize the market highland. It is understood that at present, in the ecological chain of millet investment, the new three board of green rice parent company is listed on the market, and the gem has already been listed. Lei Jun has also said that the millet house will become a first-class retail group in China in the future, and must compete with world-class efficiency. In his cross year speech, Luo Zhenyu also mentioned that the millet house has a flat efficiency ratio of 270 thousand yuan per square meter. Second only to apple, it is ranked second in the world, equivalent to 4.5 uniqo, 6 seabed fishing and 6.7 Starbucks, which means that the small rice line will be profitable. Products in millet, rice, millet ecological chain enterprises outside the introduction of high quality third party brand products, the goal is to build a transaction volume of 10 billion yuan in 2 years. According to people familiar with the matter, the volume of transactions in 2017 has exceeded 5 billion yuan. At the 2018 annual meeting of millet 2018 and the new release of Mix2S, Lei Jun has more than once mentioned a group of comparisons: among the international technology giants that have over hundreds of billions of revenues, Apple has spent 20 years, Facebook has spent 12 years, Google has been used for 9 years, domestic technology companies, Ali for 17 years, Tencent for 17 years, and HUAWEI for 21 years. And millet, only used 7 years. After 2015-2016 years of pain, after the successful realization of millet in 2017, Lei Juns foreign posture has begun to change to become more radical: Lei Jun high profile millet in 2018 will enter the worlds top five hundred, and yelled a dream of ten years to achieve trillions of revenue. After the opening of the first flagship store in the end of 2017, Lei Jun accepted an abnormal high profile in the media interview. Not only did it announce the goal of the millet cell phone ahead of the year, but also set the target of millet sales in 2018, expressing the desire to enter the worlds top five hundred next year, even to the media for the next ten years. An idea of the thunder army. Lei Jun revealed millet in the executive strategy seminar, set up a topic: ten years is not millet as a representative of the real economy, to achieve 1 trillion of the turnover. For this problem, Lei Jun said millet has a probability of 50%. But after the thunder revealed the dream, in April 2018, a new promise was announced that the industry was shocked: the integrated net interest rate for the overall hardware business of the millet would never exceed 5%. In April 25, 2018, the Lei Jun said millet board of directors approved a resolution: from now on, millet is formally committed to users, the overall net annual net interest rate of the hardware business (including mobile phones and IoT and consumer products) is not more than 5%. If we exceed, we will return over 5% of the parts to the users in a reasonable way. Trillions of revenue dream VS hardware after tax net interest rate does not exceed 5%? But Lei Juns commitment still won the support of many users. Lei Jun said that the reason for such a choice is because millet is essentially a mobile phone, intelligent hardware and IoT platform as the core of Internet Co. But the prospectus shows that among the four largest sources of revenue, the proportion of smart phones is more than 70%, while Internet services account for 20% of the revenue. Lei Jun will set millet as a Internet Co, which seems to tell the capital market millet IPO, its performance assessment standard is not the Hard Suits Inc as the assessment standard, but the Internet service company, the profit is not unique. CITIC Securities has also analyzed the strategic concern about the growth of millet company itself, focusing on its growth in mobile phones, ecological chain hardware, Internet of things and other fields. In addition, MIUI based software, Internet and financial services are expected to contribute more revenue. In the medium to long term, millet is expected to advance to a truly international leading technology company. Thirty years ago, Lei Jun, a freshman, saw a book that changed his life in the library of Wuhan University: the fire of Silicon Valley. At that time, Lei Juns heart kindled a fire: to be a great company with enough influence. Is the millet going to go on the market? Can millet keep its mind and defend Lei Juns dream of being a great company? Source: NetEase science and technology report editor: Yao Liwei _NT6056 Lei Jun will set millet as a Internet Co, which seems to tell the capital market millet IPO, its performance assessment standard is not the Hard Suits Inc as the assessment standard, but the Internet service company, the profit is not unique. CITIC Securities has also analyzed the strategic concern about the growth of millet company itself, focusing on its growth in mobile phones, ecological chain hardware, Internet of things and other fields. In addition, MIUI based software, Internet and financial services are expected to contribute more revenue. In the medium to long term, millet is expected to advance to a truly international leading technology company. Is the millet going to go on the market? Can millet keep its mind and defend Lei Juns dream of being a great company?