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Financial report summary
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XiaomiManagement Discussion
- For the years ended December 31, 2020 and 2019, the Company generated revenue in the amount of $552,778 and approximately $5.5 million, respectively. The revenue was generated from the sales of household appliances and related products in the PRC. The significant decrease of revenue was a result of the overall decline of our business due to the COVID-19 impact in the PRC.