Another piece of Good News from Joseph Investment’sProject And ReducingSome of the Shares of Xiaomi
    Release Date: September 01, 2020

Recently, in accordance with the changes in the market environment, Joseph Investment has withdrawn from some investment projects in a timely manner and reduced its holdings of some of the shares of Xiaomi Group.

According to the 2020 semi-annual report released by Xiaomi Group, Xiaomi Group achieved total revenue of 103.2 billion yuan in the first half of the year with a year-on-year increase of 7.9%, and the adjusted net profit was 5.7 billion yuan. Among them, the revenue in the second quarter was 53.5 billion yuan, and the adjusted net profit was 3.4 billion yuan. The data also shows that in the second quarter, Xiaomi’s global sales of mobile phones were 28.3 million units, and its market share was firmly ranked fourth in the world. Under this favorable stimulus, Xiaomi's share price has been rising steadily, and has exceeded its highest point since its listing. As an investor of the Xiaomi Group, Joseph Investment decided to take advantage of the trend to slightly reduce its holdings of the Xiaomi Group's shares and achieved good returns.

As one of the key investment projects of Joseph Investment, the Xiaomi Group is still very optimistic judged by us about its prospects, and we will not rule out the possibility to increase the holdings of the shares of Xiaomi Group when its stock price rises and falls, so as to share the development of Xiaomi Group for a long time.

According to the plan of the Joseph Investment this year, we have gradually realized the withdrawal of the investment in Xinjiang Kelin and Inner Mongolia Mining projects.