Financial Performance - Zepp Health Corporation reported revenues of US$42.5 million for Q3 2024, a decrease of 48.9% compared to Q3 2023, primarily due to reduced sales of Xiaomi wearable products and self-branded products constrained by production capacity and macroeconomic factors [5][6] - The gross margin for Q3 2024 was 40.6%, an increase from 33.9% in Q3 2023, marking the highest gross margin in the company's history, supported by a favorable product mix and strong performance of self-branded products [7] - The company experienced an operating loss of US$12.5 million in Q3 2024, compared to an operating income of US$1.4 million in Q3 2023, largely due to lower sales volume [13][14] Product and Market Developments - Amazfit branded sales saw a 10% quarter-over-quarter increase, attributed to the successful launch of the T-Rex 3 smartwatch, which received positive market feedback [2] - The introduction of Amazfit UP OWS earbuds expanded the product ecosystem, enhancing user experience during outdoor activities [2] - Zepp Health was named the official wearable partner and timekeeper of HYROX, a fitness racing event with over 300,000 participants per season across the EU and US [3] Research and Development - Research and development expenses for Q3 2024 were US$10.9 million, accounting for 25.6% of revenues, reflecting a 4.8% year-over-year increase as the company invests in new technologies, including AI [8] Marketing and Operational Strategies - Selling and marketing expenses increased by 21.9% year-over-year to US$11.9 million, representing 28.0% of revenues, driven by various marketing campaigns and partnerships with athletes [9][10] - General and administrative expenses rose by 5.4% year-over-year to US$7.0 million, largely due to foreign exchange rate fluctuations [11] Liquidity and Capital Resources - As of September 30, 2024, the company had cash and cash equivalents of US$127.7 million, maintaining a similar level compared to the previous quarter, which provides a runway for future investments [17] - The company recorded inventory of US$76.6 million, reflecting a 6.5% increase from the previous quarter but a 29.0% decrease compared to the same period in 2023 [18] Future Outlook - For Q4 2024, management expects net revenues to be between US$55 million and US$70 million, indicating a growth of 29% to 65% for self-branded products compared to Q3 2024 [22]

Market Overview - The global luxury smart jewelry market is projected to reach USD 429.97 million by 2030, with a compound annual growth rate (CAGR) of 18.7% from 2024 to 2030 [1][8]. Market Drivers - Increasing demand for multifunctional and aesthetically appealing jewelry, along with the growing adoption of wearable technology, is driving market growth [2]. - The integration of Internet of Things (IoT) technology and a rising focus on wellness and health are expected to further propel market growth [2]. Consumer Trends - There is a growing focus on fitness and personal health, leading to increased popularity of smart rings that track essential health metrics [3]. - The prevalence of chronic diseases necessitates continuous health monitoring, with an estimated 129 million individuals in the U.S. having at least one major chronic disease [3]. Market Segmentation - The fitness tracking segment dominated the market in 2023, driven by health and fitness awareness and rising internet and smartphone penetration [6]. - Smart rings were the leading product in 2023, offering advantages such as tracking blood oxygen levels, sleep patterns, heart rates, and temperature [6]. - The adult segment led the market in 2023, particularly among younger tech-savvy adults and the working-class population [6]. - Online distribution channels dominated the market in 2023 due to the convenience and wide product selection offered by e-commerce platforms [6]. Regional Insights - North America held the largest share of the global market, supported by a significant presence of major market players and a high demand for health-promoting devices [6]. Competitive Landscape - Key players in the luxury smart jewelry market include Oura Health Oy, RINGLY, Samsung, Motiv, Inc., Boat, and Zepp Health Corporation, which are implementing strategic initiatives to expand their distribution networks and enhance product functionality [5][10].

Core Viewpoint - Zepp Health Corporation will report its third quarter 2024 unaudited financial results on November 18, 2024, after market close [1]. Group 1: Earnings Call Details - A conference call is scheduled for 8:30 p.m. Eastern Time on November 18, 2024, for discussing the financial results [2]. - Participants can access the call through various toll-free numbers, including +1-888-346-8982 for the US and 400-120-1203 for Mainland China [2]. Group 2: Company Overview - Zepp Health is a global leader in smart wearables and health technology, with brands such as Amazfit, Zepp Clarity, and Zepp Aura [3]. - The company operates in over 90 countries and utilizes its proprietary Zepp Digital Health Management Platform to provide actionable health insights [3].

Core Insights - Zepp Health Corporation has launched the enhanced Zepp App 9, aimed at providing a more personalized health, wellness, and fitness experience for Amazfit users globally [1] Key Enhancements - The new app features an improved user interface with color-coded statistics, daily snapshots, and trend insights for better navigation and data comprehension [2] - Enhanced smart analytics offer real-time data analysis and personalized health recommendations, including access to Zepp Aura features like personalized sleep music and meditation support [2] Health Monitoring Features - A daily personalized exertion score is introduced to encourage users to reach optimal fitness goals, dynamically adjusting based on recovery and readiness [3] - The Heart Health Dashboard provides an overview of key cardiovascular metrics, including heart rate and blood oxygen levels, for a comprehensive understanding of cardiovascular fitness [3] Add-On Services - Zepp Aura Premium Service offers advanced sleep reports and AI-powered recommendations, along with an unlimited library of sleep and meditative music [4] - The app includes mini-apps and watch faces for device customization, allowing users to personalize their Amazfit experience [5] Device Upgrades and Integration - Exclusive discounts on future device purchases are available, enabling users to stay updated with the latest technology [6] - The app integrates with leading fitness platforms like Strava and adidas Running, providing a complete view of users' health and wellness journeys [7] Data Protection - The Zepp App adheres to high data protection standards, ensuring secure collection and storage of health data, and is GDPR-compliant [8] Availability - Zepp App 9 is available for download on iOS and Android platforms, allowing users to access new features [9] Company Overview - Zepp Health is a leader in smart wearables and health technology, with over 200 million units shipped and products available in more than 90 countries [10][11]

Core Points - Zepp Health Corporation has regained compliance with the NYSE's minimum share price requirement as of October 2, 2024 [1][2] - The company had previously received a notification on April 30, 2024, indicating it was below compliance due to its American depositary shares averaging less than $1.00 over a 30-day trading period [2] Company Overview - Zepp Health is a global leader in smart wearables and health technology, offering brands such as Amazfit, Zepp Clarity, and Zepp Aura [3] - The company operates in over 90 countries and utilizes its proprietary Zepp Digital Health Management Platform to provide actionable health insights [3]

MILPITAS, Calif., Sept. 6, 2024 /PRNewswire/ -- Zepp Health Corporation ("Zepp Health" or the "Company") (NYSE: ZEPP), a global leader in smart wearables and health technology, today announced that it will change the ratio of its American depositary shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio") from one (1) ADS representing four (4) Class A ordinary shares to one (1) ADS representing sixteen (16) Class A ordinary shares.For the Company's ADS holders, the change in the ADS Ratio will have ...

Core Insights - The Amazfit T-Rex 3 smartwatch combines military-grade durability, advanced outdoor navigation features, and exceptional battery life, catering to both extreme adventurers and everyday users [1][4] Product Differentiators - The smartwatch features a 16% larger and 100% brighter AMOLED display compared to its predecessor, with a stainless steel bezel for enhanced durability [2] - It offers free offline maps, contour maps with turn directions, and additional health features such as readiness and heart rate variability [2] - The device supports over 170 workout modes, including new modes like Hyrox Race, Freediving, and an upgraded Strength Training mode [2] - Battery life extends up to 27 days with typical usage and up to 180 hours with maximum GPS usage [2][3] - Enhanced privacy features allow users to manage GPS data storage options and backup methods, ensuring control over personal information [5] Expanded Ecosystem - The Amazfit T-Rex 3 complements the Amazfit Helio Ring, creating a comprehensive health tracking ecosystem when used with the Zepp App [6] Pricing and Availability - The Amazfit T-Rex 3 is priced starting from $279.99 USD or €299.90 Euro and is available through the official Amazfit website and retail partners [7] Company Overview - Zepp Health, the parent company, is a leader in smart wearable and health technology, with over 200 million units shipped globally and products available in over 90 countries [8]

MILPITAS, Calif., Sept. 3, 2024 /PRNewswire/ -- Zepp Health Corporation ("Zepp Health" or the "Company") (NYSE: ZEPP), a global leader in smart wearables and health technology, today announced that its board of directors (the "Board") has appointed Mr. Alain Lam, Mr. Mike Yan Yeung, and Mr. Meihui Fan as new directors, effective from Sep. 1, 2024. Mr. Lam is the CFO of Xiaomi Group ("Xiaomi"), with a wealth of experience in finance, capital markets and corporate governance. Mr. Yeung is the COO of Zepp Heal ...

Zepp Health's Amazfit & HYROX Announce Partnership Reaching Over 300,000Participants Per Season Across EU and US regionsMILPITAS, Calif. , Aug. 29, 2024 /PRNewswire/ -- HYROX, the World Series of Fitness Racing, a Time 100 Most Influential Companies in the World 2024 Winner has today announced its partnership with Zepp Health Corporation ("Zepp Health") (NYSE: ZEPP), a global leader in smart wearables and health technology, through its smart wearable brand, Amazfit.This two-year partnership will see Amazfit ...

Financial Data and Key Metrics Changes - The company reported a net loss for the first half of 2024 that narrowed compared to the previous year, despite a year-over-year decline in sales [7] - Gross margin for the quarter reached 40.3%, marking the highest gross margin in the company's history, driven by an improved product mix and a higher proportion of new products [18][19] - Operating costs for the quarter were $25.3 million, the lowest level in the past year, reflecting a commitment to cost management [20] - The cash balance stood at $129 million at the end of Q2, consistent with the first quarter's cash level [23] Business Line Data and Key Metrics Changes - Self-branded product sales saw a 6% sequential increase, offsetting the decline in Xiaomi branded product sales [17] - The company entered the smart ring category, which represents a $2 billion market growing at a high-double-digit rate [16] Market Data and Key Metrics Changes - The overall smart wearable market is expected to return to growth in 2024, driven by AI-enabled health insights and GenAI services [15] - The company has observed good growth in China and breakthroughs in Europe, particularly in Germany and France [32] Company Strategy and Development Direction - The company is focusing on three key pillars: investing in new technologies, product innovations, and enhancing global visibility through sports sponsorships [8][12] - Upcoming product launches include the T-Rex 3 outdoor smartwatch and Open Wearable Stereo earbuds, aimed at expanding the product lineup and market presence [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the market returning to growth and highlighted the importance of profitability over scale [15][19] - The company anticipates continued growth momentum in the second half of the year, supported by new product launches and rising brand awareness [14][24] Other Important Information - The company is committed to a share buyback program throughout 2024, reflecting confidence in its future [23] - The company is addressing a non-compliance notice from NYSE and is confident in regaining compliance by October 31 [34] Q&A Session Summary Question: What is driving the improvement in gross margins? - The improvement is attributed to optimizing the product mix, launching new products, and reducing clearance activities [25][27] Question: How many new products are planned this year? - The company plans to launch at least three to four products in the second half of the year, compared to two last year [28][29] Question: Any material change in sales by region? - The United States remains a region with significant growth potential, with good growth observed in China and breakthroughs in Europe [31][32] Question: Update on NYSE non-compliance notice? - The company is committed to resolving the issue by either organically increasing the share price or through a reverse split [34] Question: Insights on new product decisions? - The new products aim to offer a complete suite of smart wearable devices, enhancing user experience and health monitoring capabilities [38][39]