Core Insights - Viomi Technology Co., Ltd held its 2024 Investor Day on September 26, 2024, showcasing its technological advancements and future development opportunities in intelligent home water solutions [1] Group 1: Technological Innovations - Viomi has made significant technological breakthroughs in intelligent water purification over the past decade, including the development of tankless large-flux water purifiers that provide fresh drinking water 24/7, with a water flux upgrade to 2000G [2] - The company introduced ERO electrodialysis technology, allowing adjustable water quality from pure to natural mineral water, setting new trends in healthy living [2] - The Viomi Kunlun Mineral AI Water Purifier, launched in March 2024, features innovative mineralizing filter technology that mimics the mineral composition of natural mineral water [2] Group 2: Manufacturing Capabilities - Investors visited Viomi's Water Purifier Gigafactory, which has an annual production capacity of 5 million water purifiers and 30 million filter cartridges, highlighting the company's advanced manufacturing capabilities [3] - The gigafactory features highly automated production lines and a traceable quality control system, ensuring high standards in hygiene and production [3] Group 3: Financial Performance - Following a strategic reorganization completed on August 31, 2024, the company is focusing on core strengths in home water solutions, which is expected to drive sustainable long-term growth [6] - The company's gross margin improved to 24.8% in the first half of 2024, up from 22.0% in the same period of 2023, due to rigorous cost control measures that reduced operating expenses by 19.2% year-over-year [6] - Viomi reported a net income of RMB5.6 million and a non-GAAP net income of RMB16.1 million, maintaining a strong cash position with free cash assets totaling RMB914.3 million [6] Group 4: Investor Relations and Future Outlook - The open day activities allowed investors to experience Viomi's innovative achievements and understand its development history, enhancing investor trust and confidence [7] - The company aims to continue fostering an open and professional atmosphere in investor relations, focusing on R&D and innovation-driven growth while promoting sustainable development [7] - Full year revenue guidance is estimated between RMB1.7 billion to RMB1.9 billion, with operational income projected between RMB110 million to RMB130 million [6]

Core Insights - Viomi Technology Co., Ltd will present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on September 25, 2024, focusing on its home water solutions business [1][2] - The company has recently undergone a significant business reorganization, divesting underperforming segments to concentrate on home water solutions [3] - Viomi's mission is to utilize AI technology to enhance drinking water solutions for households globally [4] Company Highlights - Viomi has developed a unique "Equipment + Consumables" business model that leverages AI technology to simplify filter replacement and improve water quality monitoring [5] - The company operates a "Water Purifier Gigafactory," which enhances efficiency and supports continuous innovation in water purification, enabling economies of scale [5] - Viomi aims to address the increasing global demand for cleaner drinking water while promoting a healthy lifestyle through its technological advancements [5]

GUANGZHOU, China, Aug. 31, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced that all the conditions precedent to the divestment of certain businesses and assets related to IoT@Home portfolio products, as previously announced on July 19, 2024 (the "Transaction"), have been satisfied, and the Transaction has successfully completed.The completion of the Transaction enables the Company to emb ...

Viomi Technology Co., Ltd (NASDAQ:VIOT) Q2 2024 Earnings Conference Call August 26, 2024 8:00 AM ET Company Participants Claire Ji - Investor Relations Director Xiaoping Chen - Founder and Chief Executive Officer Conference Call Participants Jingsheng Liu - CICC Hunter Diamond - Diamond Equity Research Operator Hello, ladies and gentlemen, thank you for standing by for Viomi Technology Co Limited Earnings Conference Call for the First-Half 2024. At this time, all participants are in listen-only mode. Today' ...

1H24 Results Presentation August 2024 August 2024 VIOMI云米 Al water and and the submit and the submit and the submit of Safe Harbor Statement This presentation has been prepared by Viomi Technology Co., Ltd ("Viomi" or the "Company") solely for informational purposes and does not constitute an offer to sell or issue or the solicitation of an offer to buy or acquire securities of the Company in any jurisdiction or an inducement to enter into investment activity, nor may it or any part of it form the basis of ...

Returning to a net profit position with a net income of RMB5.6 million and a non-GAAP net income[1] of RMB16.1 million.GUANGZHOU, China, Aug. 26, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced its unaudited financial results for the six months ended June 30, 2024.First Half 2024 Financial and Operating Highlights Net revenues were RMB1,040.2 million (US$143.1 million), compared to RMB1, ...

Earnings Call Scheduled for 8:00 A.M. ET on August 26, 2024GUANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that it will report its unaudited financial results for the six months ended June 30, 2024 on Monday, August 26, 2024, before the open of the U.S. markets.The Company's management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time on August 26, 2024 (8: ...

Core Business Focus - Viomi Technology Co., Ltd has announced a strategic divestiture of its IoT@Home portfolio to concentrate on the home water solutions market, selling the portfolio for RMB65 million [1] - The divestment involves terminating existing variable interest entity (VIE) arrangements, allowing the founder and CEO, Mr. Xiaoping Chen, to gain full control over certain subsidiaries [1] - This reorganization is part of Viomi's "Focus" strategy aimed at reallocating resources to enhance operational efficiency and profitability [2] Financial and Operational Restructuring - The Board's special committee, with independent directors, evaluated the transaction and deemed it financially fair, with the deal expected to close by the end of August 2024 [1] - The divestment of loss-making businesses is anticipated to streamline operations and improve financial health, allowing Viomi to focus on its core home water solutions [1][2] - Viomi's restructuring is designed to optimize its operating structure and enhance efficiency in delivering water solutions [1][2] Market Opportunities - The global home water solutions market was valued at USD 12.12 billion in 2022 and is projected to grow to USD 26.73 billion by 2030, with a CAGR of 10.5% [1] - Increasing consumer awareness of water quality, urbanization, and smart home technology adoption are driving this market growth [1] - Viomi, as a pure-play Chinese water purification company, is well-positioned to capitalize on this substantial market opportunity [1] Technological Advancements - Viomi is committed to continuous R&D, showcasing innovations such as AI integration in water purifiers, which enhances user experience through real-time monitoring and intelligent features [2] - The company has developed a Water Purifier Gigafactory with an annual production capacity of 5 million units and 30 million filter cartridges, ensuring high-quality production standards [2] Future Prospects - Viomi aims to maximize the strengths of its gigafactory and build a robust industrial chain system to enhance brand impact and achieve scale efficiency [2] - The strategic focus on home water solutions is expected to improve the company's competitiveness and provide better drinking water solutions for global users [2]

Foshan, China, July 25, 2024 (GLOBE NEWSWIRE) -- On July 19, 2024, Viomi Technology Co., Ltd (NASDAQ:VIOT) announced that in order to implement its "Focus" strategy, the Company has signed a business restructuring agreement with Mr. Xiaoping Chen, the founder and CEO, and an entity controlled by Mr. Xiaoping Chen, to divest part of the Company's IoT@Home business and related assets for a total cash consideration of RMB65 million. Upon completion of the reorganization, the Company will mainly focus on its ho ...

Core Viewpoint - Viomi Technology Co., Ltd has announced a strategic divestment of its IoT@Home portfolio products to focus on its home water solution business, with a total consideration of RMB65 million in cash [1][2][3][4]. Group 1: Transaction Details - The divestment involves the sale of certain IoT@Home portfolio products, excluding range hoods, gas stoves, and water heaters, to Mr. Xiaoping Chen, the Company's Founder and CEO [2]. - The transaction will be executed through the termination of existing variable interest entity (VIE) contractual arrangements, allowing Mr. Chen to fully control Foshan Viomi and its subsidiaries [2][3]. - The purchase price of RMB65 million will be paid through a registered capital increase to Guangzhou Interconnect at closing [3]. Group 2: Strategic Focus - Following the completion of the transaction, the Company will concentrate on its home water solution business, leveraging AI technology to enhance drinking water solutions for households [4]. - The divestment aligns with the Company's mission to redefine the future home through innovative IoT-enabled products and services [5]. Group 3: Governance and Evaluation - A special committee of independent directors led the evaluation and negotiation of the transaction, with Kroll LLC serving as an independent financial advisor [3]. - The Board unanimously approved the transaction, deeming it in the Company's best interest and fair from a financial perspective [3].