Xiaomi's (XIACF) Management on Q1 2021 Results - Earnings Call Transcript

Xiaomi Corporation (OTCPK:XIACF) Q1 2021 Earnings Conference Call May 26, 2021 8:00 AM ET

Company Participants

Wing Ki Chan – Head-Investor Relations
Wang Xiang – Partner and President
Alain Lam – Chief Financial Officer and Vice President

Conference Call Participants

Leping Huang – Huatai
Kyna Wong – Credit Suisse
Andy Meng – Morgan Stanley
Gokul Hariharan – JPMorgan
Piyush Mubayi – Goldman Sachs

Wing Ki Chan

Ladies and gentlemen, thank you for standing by and Welcome to Xiaomi 2021 First Quarter Results Announcement Conference Call. Today's conference is being recorded. If you have any objections, you may disconnect at this time. I'd like to introduce myself Ms. Wing Ki Chan, Head of Investor Relations. Good evening, ladies and gentlemen. Welcome to Investor Conference hosted by Xiaomi Corporation regarding the company’s 2021 first quarter results.

Before we start the call, we would like to remind you that the call may include forward-looking statements, which are underlined by a number of risks and uncertainties and may not be realized in the future for various reasons. Information about general market conditions is coming from a variety of sources outside of Xiaomi. This presentation also contains some unaudited non-IFRS financial measures that should be considered in addition to, but not as a substitute for the company’s financials prepared in accordance with IFRS.

Joining us on the call today are Mr. Wang Xiang, Partner and President of Xiaomi Corporation; and Mr. Alain Lam, Chief Financial Officer and Vice President of Xiaomi Corporation. To start, Mr. Wang will share recent strategic initiatives of the company. Mr. Lam will review the business financial performance for the first quarter of 2021. Following that, we will move on to the Q&A session.

I will now turn the call over to Mr. Wang.

Wang Xiang

Thank you, Amira. Hello, everyone. Thank you for joining