Exhibit 99.1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. Tuya Inc. 塗鴉智能* (A company controlled through weighted voting rights and incorporated in the Cayman Islands with limited liability ...

Tuya, Inc. (NYSE:TUYA) Q1 2023 Earnings Conference Call June 7, 2023 8:30 PM ET Company Participants Reg Chai - IR Director Jerry Wang - Founder, Co-Chairman & CEO Jessie Liu - SVP, CFO & Director Conference Call Participants Yang Liu - Morgan Stanley Operator Good morning, and good evening, ladies and gentlemen. Thank you for standing by, and welcome to the Tuya Inc.'s First Quarter 2023 Earnings Conference Call. [Operator Instructions]. I will now turn the call over to the first speaker today, Mr. Reg Cha ...

Financial Performance - Total revenue for Q1 2023 was $47.5 million, a decrease of approximately 14.2% year-over-year (Q1 2022: $55.3 million) [5] - IoT Platform as a Service (PaaS) revenue was $33.6 million, down about 19.6% year-over-year (Q1 2022: $41.8 million) [5] - Software as a Service (SaaS) and other revenue increased by approximately 47.2% to $8.5 million (Q1 2022: $5.8 million) [5] - The total revenue for Q1 2023 decreased by 14.2% to $47.5 million from $55.3 million in Q1 2022, primarily due to a decline in IoT PaaS and smart device distribution revenues [7] - IoT PaaS revenue fell by 19.6% to $33.6 million in Q1 2023, while SaaS and other revenues increased by 47.2% to $8.5 million [7] - Operating expenses for the first quarter of 2023 totaled $53,323 thousand, significantly lower than $78,302 thousand in the first quarter of 2022, marking a reduction of approximately 31.9% [27] - The company reported a net loss of $21,045 thousand for the three months ended March 31, 2023, compared to a net loss of $54,953 thousand for the same period in 2022, indicating a reduction in losses by approximately 61.7% [27] Profitability Metrics - Overall gross margin rose to 44.3%, an increase of 3.1 percentage points year-over-year (Q1 2022: 41.2%) [5] - Operating profit margin was -68.0%, an improvement of 32.3 percentage points year-over-year (Q1 2022: -100.3%) [5] - Gross profit for Q1 2023 was $21.0 million, down 7.9% from $22.8 million in Q1 2022, with a gross margin increase to 44.3% from 41.2% [8] - The net profit margin for Q1 2023 was -44.3%, an improvement of 55.0 percentage points from -99.3% in Q1 2022, while the non-GAAP net profit margin was -7.8%, up 59.6 percentage points from -67.4% [12] - Basic and diluted net loss per American Depositary Share (ADS) for Q1 2023 was $0.04, compared to $0.10 in Q1 2022; the non-GAAP figure was $0.01, down from $0.07 [13] Customer Metrics - The number of IoT PaaS customers was approximately 2,000 in Q1 2023, down from about 2,600 in Q1 2022 [5] - Total customer count was approximately 2,800 in Q1 2023, compared to about 3,900 in Q1 2022 [5] - As of March 31, 2023, the number of high-quality IoT PaaS customers decreased to 261 from 303 in Q1 2022, contributing approximately 80.2% of IoT PaaS revenue compared to 85.6% in Q1 2022 [6] - The revenue-based IoT PaaS Net Expansion Rate (DBNER) dropped to 49% in Q1 2023 from 122% in Q1 2022 [6] Cost Management - Operating costs in Q1 2023 decreased by 18.6% to $26.5 million from $32.5 million in Q1 2022, aligning with the overall revenue decline [8] - R&D expenses in Q1 2023 decreased by 41.1% to $28.1 million from $47.6 million in Q1 2022, reflecting a strategic reduction in the R&D team [10] - The CFO highlighted a reduction in total operating expenses by over 40%, demonstrating a commitment to prudent financial management [6] Cash and Investments - As of March 31, 2023, cash and cash equivalents plus short-term investments totaled $937.5 million, down from $954.3 million as of December 31, 2022 [5] - Net cash used in operating activities for Q1 2023 was $18.9 million, a decrease of 67.1% from $57.4 million in Q1 2022, attributed to significant reductions in operating expenses [15] - Cash and cash equivalents decreased to $74,815 thousand as of March 31, 2023, from $133,161 thousand at the end of 2022, a decline of about 43.8% [24] Strategic Focus - The company implemented a large customer strategy to focus on serving strategic clients more effectively [5] - The company aims to focus on high-return, efficient products and solutions to strengthen its leadership in the IoT industry moving forward [6] - The company is committed to product and service iteration, enhancing software and hardware capabilities, expanding its customer base, diversifying revenue sources, and optimizing operational efficiency [17] Market Context - The global consumer electronics industry continues to face challenges, including economic downturns, high inflation, and inventory pressures, but the company remains confident in long-term growth prospects [17] Conference Call - The management will hold a conference call on June 7, 2023, to discuss financial performance, with details available on the investor relations website [18] Company Overview - Tuya Inc. is a leading IoT cloud development platform, providing a comprehensive suite of products for businesses and developers, enabling a vibrant IoT ecosystem [19] Asset and Liability Overview - As of March 31, 2023, total assets decreased to $1,041,613 thousand from $1,056,139 thousand as of December 31, 2022, representing a decline of approximately 1.4% [24] - The company’s total liabilities decreased to $82,939 thousand as of March 31, 2023, down from $93,972 thousand as of December 31, 2022, a reduction of approximately 11.7% [26]

Exhibit 99.1 Tuya Reports First Quarter 2023 Unaudited Financial Results SANTA CLARA, Calif., June 7, 2023/PRNewswire/—Tuya Inc. ("Tuya" or the "Company") (NYSE: TUYA; HKEx: 2391), a global leading IoT cloud development platform, today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Highlights · Total revenue was US$47.5 million, down approximately 14.2% year over year (1Q2022: US$55.3 million). · IoT platform-as-a-service ("PaaS") revenue w ...

Financial Performance - Total revenue for the year ended December 31, 2022, was $208.2 million, a decrease of approximately 31.1% compared to $302.1 million for the year ended December 31, 2021[10]. - IoT PaaS revenue was $152.9 million, down approximately 41.5% from $261.4 million in the previous year[10]. - SaaS and other revenue increased by approximately 60.6% to $29.8 million, up from $18.6 million in the prior year[10]. - The overall gross margin for the reporting period rose to 43.0%, an increase of 0.7 percentage points from 42.3% in the previous year[10]. - The net loss under non-GAAP measures decreased by 29.4% from $109.3 million in 2021 to $77.2 million in 2022, while maintaining a gross margin of 43%[19]. - The net loss for 2022 was $146.2 million, an improvement of 16.7% compared to $175.4 million in 2021, resulting in a net margin of -70.2%[29]. - The company ended 2022 with a cash balance exceeding $950 million, with no interest-bearing debt or long-term capital commitments[17]. - The company reported a basic and diluted net loss per American Depositary Share of $0.26, compared to $0.36 in the same period of 2021[30]. Market and Product Development - The company is focused on expanding its market presence and developing new products and technologies[2]. - The company plans to focus on three main areas in 2023: IoT developer platform model, collaboration with partners, and continuous iteration of core products to enhance growth and penetration rates[18]. - The company launched the Cube smart private cloud in early 2022, enhancing its IoT PaaS product offerings to meet the needs of large enterprises[18]. - The company aims to diversify revenue sources and optimize operational efficiency despite facing challenges such as high inflation and inventory pressures in the consumer sector[20]. Corporate Governance - The company has a dedicated audit committee and governance structure to ensure compliance and oversight[4]. - The company has a strong commitment to high standards of corporate governance, which is essential for enhancing performance, transparency, and accountability[148]. - The board has adopted the principles and code provisions of the Corporate Governance Code as the basis for its governance practices[149]. - The company emphasizes the importance of corporate governance culture to safeguard shareholder interests and enhance corporate value[148]. - The board consists of nine members, including four executive directors, one non-executive director, and four independent non-executive directors[153]. Shareholder Relations - The company encourages shareholders to actively participate in its affairs and has adopted a shareholder communication policy to enhance investor relations[197]. - Shareholders can request a special general meeting if they hold at least 10% of the voting shares, and the request must specify the meeting's purpose and proposed resolutions[194]. - The company will publish announcements and other documents on the Stock Exchange and SEC websites as required by listing rules[199]. Risk Management - The company has established a risk management and internal control system to identify and manage risks associated with business operations and financial reporting[188]. - The board is responsible for evaluating the nature and extent of risks acceptable in achieving strategic objectives and ensuring effective risk management systems are in place[186]. - The company has implemented a whistleblowing policy to allow employees and third parties to report concerns regarding financial reporting and internal controls confidentially[189]. Employee and Director Information - The company had a total of 1,835 employees, with a gender ratio of approximately 2.3 males for every female employee[176]. - The company has established service contracts with executive directors, with a term of three years or until the third annual general meeting post-listing[91]. - Independent non-executive directors receive an annual director's fee of $50,000, while one director receives $75,000[94]. Share Repurchase and Equity Incentive Plans - The company repurchased approximately 25.8 million shares for a total consideration of about $112.8 million as of December 31, 2022[10]. - The company announced a new $50 million share repurchase plan on November 9, 2022, and repurchased approximately 2.8 million ADS for a total consideration of about $4.2 million during the reporting period[128]. - The 2015 equity incentive plan aims to attract and retain top talent by providing additional incentives to selected employees, directors, and consultants[116]. Compliance and Regulatory Matters - The company has adhered to relevant laws and regulations impacting its operations, as disclosed in the annual report[50]. - The company is subject to foreign investment restrictions in the value-added telecommunications services sector, which affects its ability to hold equity in Hangzhou Tuya Technology directly[55]. - The company has received approval from the Hong Kong Stock Exchange to exempt strict compliance with certain announcement requirements under the Listing Rules regarding the cloud services and technology services framework agreement[54].

Table of Contents TUYA The New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . OR ☐ S ...

Tuya Inc. (NYSE:TUYA) Q4 2022 Earnings Conference Call March 1, 2023 7:00 PM ET Company Participants Reg Chai - Investor Relations Jerry Wang - Founder and Chief Executive Officer Jessie Liu - Chief Financial Officer Conference Call Participants Yang Liu - Morgan Stanley Timothy Zhao - Goldman Sachs Li Mingran - CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Tuya Inc. Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructio ...

Exhibit 99.1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this preliminary results announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this preliminary results announcement. Tuya Inc. 塗鴉智能* (A company controlled through weighted voting rights and incorporated in t ...

Tuya Inc. (NYSE:TUYA) Q3 2022 Results Conference Call November 9, 2022 7:30 PM ET Company Participants Reg Chai - Capital Market Associate Director Jerry Wang - Founder, CEO and Director Jessie Liu - Senior VP, CFO and Director Conference Call Participants Yang Liu - Morgan Stanley John Wang - Goldman Sachs Mingran Li - CICC Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to Tuya's Inc. Third Quarter 2022 Earnings Conference Call. At this time, all partici ...

Revenue Performance - Total revenue for Q3 2022 was $45.0 million, a decrease of approximately 47.4% year-over-year (Q3 2021: $85.6 million) [6] - IoT Platform as a Service (PaaS) revenue was $30.9 million, down about 57.4% year-over-year (Q3 2021: $72.6 million) [6] - Software as a Service (SaaS) and other revenue increased by approximately 60.2% year-over-year to $8.9 million (Q3 2021: $5.6 million) [6] - Total revenue for Q3 2022 was $45.0 million, a decrease of 47.4% compared to $85.6 million in Q3 2021, primarily due to a decline in IoT PaaS and smart device distribution revenues [9] - IoT PaaS revenue for Q3 2022 was $30.9 million, down 57.4% from $72.6 million in Q3 2021, with a DBNER of 63% over the past 12 months [9] - SaaS and other revenue increased by 60.2% to $8.9 million in Q3 2022, compared to $5.6 million in Q3 2021, maintaining strong growth momentum [9] Profitability and Margins - The overall gross margin for the quarter rose to 43.6%, an increase of 1.0 percentage point year-over-year (Q3 2021: 42.6%) [6] - Gross profit for Q3 2022 was $19.6 million, a decrease of 46.1% from $36.4 million in Q3 2021, with a gross margin of 43.6%, up from 42.6% in the prior year [12] - The company reported a negative operating margin of 89.8%, a decline of 32.3 percentage points year-over-year (Q3 2021: negative 57.5%) [6] - Operating loss narrowed by 17.9% to $40.4 million in Q3 2022, compared to $49.2 million in Q3 2021, with a non-GAAP operating loss of $23.7 million [14] - Net loss for Q3 2022 was $32.6 million, down from $47.9 million in Q3 2021, with a non-GAAP net loss of $15.9 million [15] - Operating loss for Q3 2022 was $40,414K, with an operating margin of -89.8%, compared to an operating loss of $49,209K and an operating margin of -57.5% in Q3 2021 [34] - Net loss for Q3 2022 was $32,623K, with a net margin of -72.5%, compared to a net loss of $47,917K and a net margin of -56.0% in Q3 2021 [34] Customer and Market Insights - The number of IoT PaaS customers was approximately 2,700, down from about 3,000 in Q3 2021 [7] - The number of registered IoT devices and software developers exceeded 647,000, a growth of 26.9% compared to approximately 510,000 developers as of December 31, 2021 [7] - The company’s high-quality IoT PaaS customers contributed approximately 79.8% of PaaS revenue, down from 89.2% in Q3 2021 [7] - The company remains optimistic about the long-term growth prospects of the IoT industry, anticipating continued increases in global IoT penetration rates [8] - The company remains confident in long-term industry growth prospects and aims to enhance software and embedded hardware capabilities [20] - The company plans to expand its customer base and enhance its product and service offerings in the IoT sector [20] Financial Position and Cash Flow - Cash and cash equivalents, along with short-term investments, totaled $945.9 million as of September 30, 2022, compared to $951.5 million as of June 30, 2022 [6] - Cash and cash equivalents totaled approximately $946 million as of September 30, 2022, reflecting a commitment to reduce cash consumption during downturns [17] - Net cash used in operating activities for Q3 2022 was $13.5 million, representing 30.1% of total revenue, an improvement from $46.1 million or 53.8% in Q3 2021 [18] - The company reported a net cash used in operating activities of $13,543 for the three months ended September 30, 2022, compared to $46,067 for the same period in 2021 [33] Expenses and Cost Management - Operating expenses for Q3 2022 were $60.1 million, down 29.9% from $85.6 million in Q3 2021, with R&D expenses decreasing by 36.3% to $32.3 million [13] - Research and development expenses for the three months ended September 30, 2022, were $32,341, down from $50,736 in the same period of 2021, reflecting a decrease of about 36% [31] - The company reported a significant decrease in general and administrative expenses adjusted for stock-based compensation from $6,650K in Q3 2021 to $4,281K in Q3 2022, a reduction of 36% [34] - Sales and marketing expenses adjusted for stock-based compensation decreased from $19,704K in Q3 2021 to $12,406K in Q3 2022, a reduction of 37% [34] Balance Sheet and Liabilities - As of September 30, 2022, total assets decreased to $1,069.8 million from $1,248.2 million as of December 31, 2021, reflecting a decline of approximately 14.3% [28] - Current liabilities decreased to $78.0 million as of September 30, 2022, down from $109.1 million as of December 31, 2021, representing a reduction of about 28.4% [28] - The company reported a total liability of $92.3 million as of September 30, 2022, down from $134.5 million as of December 31, 2021, indicating a decrease of approximately 31.4% [28] - The company’s non-current liabilities decreased to $14.2 million as of September 30, 2022, from $25.4 million as of December 31, 2021, a decline of about 44.0% [28] Future Outlook and Challenges - The company anticipates challenges in global consumer discretionary spending and economic conditions in Q4 2022, including high inflation and inventory backlogs [20] - The company is committed to diversifying revenue sources and optimizing operational efficiency despite market challenges [20] - The company will hold a conference call on November 9, 2022, to discuss financial performance [21]