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].

GUANGZHOU, China, April 25, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced that the Company has filed its annual report on Form 20-F for the full year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the "SEC") on April 25, 2024. The annual report is available on the Company's investor relations website at ir.viomi.com and on the SEC's website at www.sec.gov. The Company will ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(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, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

Viomi Technology Co., Ltd (NASDAQ:VIOT) Q4 2023 Earnings Conference Call March 25, 2024 8:00 AM ET Company Participants Claire Ji - IR Director Xiaoping Chen - Founder, Chairman & CEO Conference Call Participants Hunter Diamond - Diamond Equity Research Operator Hello, ladies and gentlemen, thank you for standing by for Viomi Technology Company Limited's Earnings Conference Call for the Second Half and Full Year of 2023. At this time, all participants are in listen-only mode. Today's conference call is bein ...

Kunlun, the new Viomi AI mineral water purifier released this time, carefully selects high-quality mineral sources and utilizes advanced techniques for intelligent system adjustments based on water temperature, flow, flow rate, and water pressure, ensuring a steady and durable release of mineral elements. The water filtered by Kunlun contains six beneficial minerals, including strontium (Sr2+) and metasilicic acid (H2SiO3), similar to natural mineral water. Notably, the Sr2+ content ranges from 0.4-1.4mg/L, ...

Earnings Call Scheduled for 8:00 A.M. ET on March 25, 2024 GUANGZHOU, China, March 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 second half and full year ended on December 31, 2023 on Monday, March 25, 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 ...

GUANGZHOU, China, Feb. 5, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ: VIOT), a leading IoT@Home technology company in China, today announced that its subsidiary, Guangdong Lizi Technology Co., Ltd. ("Guangdong Lizi"), has recently relocated its smart water purification system facility to the Viomi IoT Technology Park. As a significant part of Viomi's IoT Technology Park, relocating Guangdong Lizi's smart water purification system to the Park's smart manufacturing cente ...