Viomi Technology Co Ltd
NASDAQ:VIOT

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Viomi Technology Co Ltd
NASDAQ:VIOT
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Price: 2.43 USD -2.8%
Market Cap: 165.8m USD

Viomi Technology Co Ltd
Investor Relations

Viomi Technology Co., Ltd. is a holding company, which engages in the development and sale of Internet-of-thing (IoT) enabled smart home products. The company is headquartered in Guangzhou, Guangdong. The company went IPO on 2018-09-25. The firm is mainly engaged in the research, development and sales of IoT-enabled smart home products, including flagship line of smart water purification systems, smart kitchen products and other smart products. In addition, the Company provides complementary consumable products, including water purifier filters, as well as value-added businesses, including the sales of other products, such as water quality meters and water filter pitchers.

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Last Earnings Call
Fiscal Period
Q4 2024
Call Date
Mar 25, 2025
AI Summary
Q4 2024

Reorganization Success: Viomi completed a major business reorganization in August 2024, focusing exclusively on home water solutions and divesting non-core IoT businesses.

Revenue Beat: Full-year 2024 net revenue reached RMB 2.1 billion, exceeding previous guidance, with home water solutions revenue up 39% year-over-year.

Return to Profitability: The company reported RMB 62.3 million in net income for the year, reversing losses from the prior two years.

Margin Pressure: Gross margin declined to 25.9% for 2024 from 31.9% in 2023, due to a greater mix of lower-margin products.

Strong International Expansion: Viomi launched new products in North America and Southeast Asia, with the Vortex series exceeding Kickstarter goals by over 1,200% and commencing sales on Amazon US.

Strategic Partnerships: Renewed Xiaomi partnership for three years and signed new agreements in Malaysia and with Jingdong to boost channel growth.

Key Financials
Net Revenue (2024 Full Year)
RMB 2,119 million
Net Revenue (Second Half 2024)
RMB 1,282.4 million
Home Water Systems Revenue (2024 Full Year)
RMB 1,498.4 million
Home Water Systems Revenue (Second Half 2024)
RMB 925.7 million
Consumables Revenue (2024 Full Year)
RMB 277.7 million
Consumables Revenue (Second Half 2024)
RMB 136.7 million
Kitchen Appliances and Others Revenue (2024 Full Year)
RMB 342.9 million
Kitchen Appliances and Others Revenue (Second Half 2024)
RMB 220 million
Gross Profit (2024 Full Year)
RMB 548.7 million
Gross Profit (Second Half 2024)
RMB 289.5 million
Gross Margin (2024 Full Year)
25.9%
Gross Margin (Second Half 2024)
22.6%
Total Operating Expenses (2024 Full Year)
RMB 424.9 million
Total Operating Expenses (Second Half 2024)
RMB 221.5 million
Net Income (2024 Full Year)
RMB 62.3 million
Net Income Attributable to Ordinary Shareholders (2024 Full Year)
RMB 33.4 million
Net Income Attributable to Ordinary Shareholders (Second Half 2024)
RMB 57.4 million
Cash and Cash Equivalents (as of December 31, 2024)
RMB 1,026.2 million
Restricted Cash (as of December 31, 2024)
RMB 141.3 million
Short-Term Deposit (as of December 31, 2024)
RMB 115 million
Short-Term Investment (as of December 31, 2024)
RMB 72.5 million
Earnings Call Recording
Other Earnings Calls
2024
2023

Management

Mr. Xiaoping Chen
Founder, Chairman & CEO
No Bio Available
Ms. Claire Ji
IR Director
No Bio Available

Contacts

Address
GUANGDONG
Guangzhou
Wansheng Square, Rm 1302 Tower C, Xingang East Road, Haizhu District
Contacts
+8675766833887.0
www.viomi.com.cn