Viomi(VIOT)

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Viomi(VIOT) - 2022 Q4 - Annual Report
2023-04-24 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2023 Commission File Number: 001-38649 VIOMI TECHNOLOGY CO., LTD Wansheng Square, Rm 1302 Tower C, Xingang East Road, Haizhu District Guangzhou, Guangdong, 510220 People's Republic of China (Address of principal executive offices) Indicate by check mark whether the registrant files or will file ann ...
Viomi(VIOT) - 2022 Q4 - Earnings Call Transcript
2023-03-27 18:33
Viomi Technology Co., Ltd (NASDAQ:VIOT) Q4 2022 Results Earnings Conference Call March 27, 2023 8:00 AM ET Company Participants Claire Ji - Investor Relations Xiaoping Chen - Founder, Chairman and Chief Executive Officer Conference Call Participants Marcus Liang - Morgan Stanley Operator Hello, ladies and gentlemen, thank you for standing by for Viomi Technology Co., Ltd.'s Earnings Conference Call for the Fourth Quarter and Full-Year 2022. At this time, all participants are in listen-only mode. Today's con ...
Viomi(VIOT) - 2022 Q4 - Earnings Call Presentation
2023-03-27 12:06
Q4&FY 2022 Results Presentation Safe Harbor Statement ...
Viomi(VIOT) - 2022 Q2 - Earnings Call Transcript
2022-08-22 17:15
Financial Data and Key Metrics Changes - Total net revenues for Q2 2022 reached RMB 924 million, a decline from RMB 1,658.9 million in Q2 2021, primarily due to the cessation of Xiaomi-branded sweeper robot sales and a weak consumption environment [6][20] - Gross profit was RMB 204.5 million, down from RMB 351.8 million in Q2 2021, while gross margin increased to 22.1% from 21.2% due to a shift towards higher margin products [22] - Net loss attributable to ordinary shareholders was RMB 39.6 million compared to a net income of RMB 46.1 million in Q2 2021 [23] Business Line Data and Key Metrics Changes - Revenues from IoT and home portfolio decreased by 54.2% to RMB 524.5 million from RMB 1,146.3 million in Q2 2021, mainly due to the cutoff of Xiaomi-branded sweeper robots [21] - Revenues from home water solutions decreased by 17.4% to RMB 180.9 million, while revenues from consumables decreased slightly by 1.9% to RMB 100.3 million [21] - Revenues from small appliances and others decreased by 38.1% to RMB 118.5 million, attributed to product portfolio adjustments and decreased demand [21] Market Data and Key Metrics Changes - The overseas market faced challenges due to a weak European market and increased prices of crude oil and raw materials, impacting overall consumer sentiment [16][30] - The company observed a relatively dynamic market in Southeast Asia, indicating potential growth opportunities in that region [30] Company Strategy and Development Direction - The company is focusing on high-end product transformation and brand promotion, with increased advertising spending to support new product launches [7][8] - A strategy to streamline SKUs and optimize the product mix is being implemented, alongside cost control measures [9][19] - The company aims to enhance its one-stop IoT home solution offerings and deepen strategic cooperation with various channels [17][18] Management Comments on Operating Environment and Future Outlook - Management acknowledged the impact of COVID-19 and a weak macro environment on sales, but expressed optimism about the long-term growth potential driven by new high-end products [6][28] - The company expects gross margins to remain stable at over 20% for the year, supported by premium product sales [29] - Future revenue from overseas markets is anticipated to increase, with a target of over 20% contribution from international sales [33] Other Important Information - As of June 30, 2022, the company maintained a healthy balance sheet with cash and cash equivalents of RMB 816.3 million [24] - The company has accumulated over 5,400 global patent applications and 3,300 registered patents, reflecting its commitment to innovation [14] Q&A Session Summary Question: Expectations for sales and margin in the second half of the year - Management did not provide specific guidance but indicated that new high-end products and additional product categories for export could drive revenue growth [28] Question: Overseas market expansion and sales trends - Management noted that overseas consumer demand remains weak, particularly in Europe, but sees potential in the Southeast Asian market [30] Question: Performance of the robotic vacuum segment - Sales of branded sweeper robots were weak due to international market challenges, but efforts are being made to mitigate this impact [30][31] Question: Contribution from Xiaomi and future cooperation - Revenue contribution from Xiaomi-branded products has stabilized around 40%, with expectations for continued cooperation in various categories [36] Question: Impact from the real estate industry - The company is not directly impacted by the real estate sector but acknowledges indirect effects on overall demand for home appliances [39]
Viomi(VIOT) - 2022 Q1 - Earnings Call Transcript
2022-05-27 18:11
Viomi Technology Co., Ltd (NASDAQ:VIOT) Q1 2022 Results Conference Call May 27, 2022 8:00 AM ET Company Participants Cecilia Li - Director, IR Xiaoping Chen - Founder, CEO Wickham Thai - Head, Finance Conference Call Participants Hildy Ling - Morgan Stanley Rudi Wei - CICC Lu Xuanzi - Guojin Securities Operator Hello, ladies and gentlemen. Thank you for standing by for Viomi Technology Company Limited Earnings Conference Call for the First Quarter of 2022. [Operator Instructions]. Today's conference call is ...
Viomi(VIOT) - 2021 Q4 - Earnings Call Transcript
2022-03-28 18:51
Viomi Technology Co., Ltd (NASDAQ:VIOT) Q4 2021 Results Earnings Conference Call March 28, 2022 8:00 AM ET Company Participants Cecilia Li - IR Director Xiaoping Chen - Founder, Chairman & Chief Executive Officer Wickham Thai - Head of Finance Department Conference Call Participants Hildy Ling - Morgan Stanley Rudi Wei - CICC Operator Hello, ladies and gentlemen. Thank you for standing by for Viomi Technology Company Limited Earnings Conference Call for the Fourth Quarter and Full Year 2021. At this time, a ...
Viomi(VIOT) - 2021 Q2 - Earnings Call Transcript
2021-08-25 18:53
Viomi Technology Co Ltd (NASDAQ:VIOT) Q2 2021 Earnings Conference Call August 25, 2021 8:00 AM ET Company Participants Cecilia Li - IR Director Xiaoping Chen - Founder, Chairman & CEO Conference Call Participants Lillian Lou - Morgan Stanley Wei He - CICC Vincent Yu - Needham & Company Operator Hello, ladies and gentlemen. Thank you for standing by for Viomi Technology Co., Ltd Earnings Conference Call for the Second Quarter of 2021. [Operator Instructions]. Today's conference call is being recorded. I will ...
Viomi(VIOT) - 2021 Q1 - Earnings Call Transcript
2021-05-27 16:28
Viomi Technology Co., Ltd (NASDAQ:VIOT) Q1 2021 Earnings Conference Call May 27, 2021 8:00 AM ET Company Participants Cecilia Li - IR Xiaoping Chen - Founder and CEO Conference Call Participants Lillian Lou - Morgan Stanley Roger Duan - Needham and Co Operator Thank you for standing by for Viomi Technology Company, Limited Earnings Conference Call for the First Quarter of 2021. At this time, all participants are in a listen only mode. Today's conference call is being recorded. I will now turn the call over ...