Company Overview - Viomi Technology Co., Ltd is a leading technology company specializing in home water solutions in China, with a mission of "AI for Better Water" [4]. - The company has developed a unique "Equipment + Consumables" business model that leverages AI technology to enhance water quality monitoring and simplify filter replacement [5]. Recent Events - Viomi will present at the Sidoti November Virtual Investor Conference on November 13-14, 2024, with Mr. Sam Yang and Ms. Claire Ji hosting one-on-one meetings with investors [1][2]. - The live presentation is scheduled for November 13, 2024, from 8:30 am to 9:00 am Eastern Time [2]. Industry Context - The company operates a world-leading "Water Purifier Gigafactory," which integrates an efficient industrial chain to facilitate breakthroughs in water purification technology [5]. - Viomi's innovations aim to address the increasing global demand for cleaner and healthier drinking water, promoting the adoption of water purifiers and supporting a healthy lifestyle [5].

Core Viewpoint - Viomi Technology Co., Ltd has extended its share repurchase plan for an additional 12 months, reaffirming its commitment to enhancing shareholder value [1]. Share Repurchase Plan - The original share repurchase plan, approved on October 25, 2022, allowed for the repurchase of up to US$10 million worth of American Depositary Shares (ADSs) from October 25, 2022, to October 24, 2024 [1]. - The extension allows the company to repurchase up to US$10 million worth of its ADSs between October 25, 2022, and October 24, 2025 [1]. - To date, the company has repurchased an aggregate of US$901,258 worth of its ADSs in the open market [1]. Funding for Repurchases - The company plans to fund the share repurchases using its existing cash balance [2]. Company Overview - Viomi's mission is "AI for Better Water," focusing on utilizing AI technology to provide improved drinking water solutions for households globally [3]. - The company operates under a distinctive "Equipment + Consumables" business model, leveraging AI technology and intelligent hardware to enhance water quality monitoring and filter replacement rates [4]. - Viomi has developed a state-of-the-art "Water Purifier Gigafactory," which supports its integrated industrial chain and facilitates breakthroughs in water purification [4].

Core Viewpoint - Viomi Technology Co., Ltd will present at the Emerging Growth Conference on October 30, 2024, providing insights into its strategy and business operations, along with a Q&A session for investors [1][2]. Company Overview - Viomi is a leading technology company in home water solutions in China, with a mission of "AI for Better Water," focusing on utilizing AI technology to enhance drinking water solutions for households globally [4]. - The company operates a unique "Equipment + Consumables" business model, leveraging AI technology and intelligent hardware to improve filter replacement processes and water quality monitoring [5]. Business Model and Innovations - Viomi's technological innovations aim to extend filter lifespan and reduce user costs, promoting the adoption of water purifiers and addressing the increasing global demand for cleaner drinking water [5]. - The company operates a "Water Purifier Gigafactory," which integrates an efficient industrial chain, enabling economies of scale and facilitating advancements in water purification technology [5]. Conference Details - The presentation is scheduled for October 30, 2024, from 9:05 am to 9:35 am Eastern Time, and will be accessible via live webcast and archived for later viewing [2][3]. - Participants are encouraged to submit questions in advance for the management team to address during the event [1].

Core Insights - Viomi Technology Co., Ltd celebrated its 6th anniversary of listing on Nasdaq and granted approximately 9 million stock options to nearly 40 employees to enhance motivation and creativity [1] - The company aims to attract top global talents to develop advanced AI products and water purification solutions, with a vision of providing fresh and healthy drinking water worldwide [2] - Following a strategic reorganization, Viomi will focus on AI home water solution businesses, expecting full-year revenues for Continuing Businesses to be between RMB1.7 billion and RMB1.9 billion, with income from operations projected between RMB110 million and RMB130 million [2] Company Overview - Viomi's mission is "AI for Better Water," utilizing AI technology to enhance drinking water solutions for households globally [4] - The company operates a unique "Equipment + Consumables" business model, leveraging AI technology to improve filter replacement and water quality monitoring, thus promoting healthier lifestyles [5] - Viomi has developed a state-of-the-art "Water Purifier Gigafactory," which enhances operational efficiency and supports the global demand for cleaner drinking water [5]

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, ...