Core Viewpoint - Amazfit has launched the Amazfit Active 2 smartwatch, combining elegance and functionality for health-conscious consumers [1][2] Product Features - The Amazfit Active 2 features a stylish design with a stainless steel body and a 1.32-inch high-definition AMOLED display that reaches a peak brightness of 2,000 nits [3] - Two models are available: a premium version priced at $129.99 with a black genuine leather strap and sapphire glass, and a standard version at $99.99 with a silicone strap [3] - The smartwatch includes advanced health monitoring technology with the BioTracker™ 6.0 PPG biosensor and upgraded algorithms for heart rate and sleep tracking [4] - Additional sensors include a barometer for altitude measurements, an accelerometer, a gyroscope, and an ambient light sensor [5] - The device offers a robust battery life of 10 days under typical use [5] Technological Innovations - Zepp Flow™ allows voice control for watch settings and message replies for Android users [6] - Zepp Pay enables secure contactless payments in Europe for the premium version [6] Fitness and Wellness Features - The smartwatch supports over 160 sports modes, including a smart Strength Training mode and new winter sports like skiing [7] - Offline maps with turn directions are supported by 5 satellite systems, enhancing navigation capabilities [8] - Zepp Coach™ provides personalized training plans for users of all fitness levels [8] - The Wild.AI mini app offers tailored wellness insights for women related to menstrual and hormonal cycles [9] - Advanced health insights include a daily Readiness score and HRV feature for recovery data [10] Availability and Pricing - The Amazfit Active 2 is available for pre-order in the U.S. and will be globally available in February, starting at $99.99 for the standard version and $129.99 for the premium version [11] Company Background - Amazfit is a leading global smart wearable brand under Zepp Health, focusing on health and fitness, with a presence in over 90 countries [12][14]

Financial Data and Key Metrics - Self-branded products revenue grew 10% quarter-over-quarter to USD 40 million, driven by a 44% increase in ASP [27] - Q3 gross margin reached 41%, the highest in the company's history, due to a better product mix with higher gross margins [27][33] - Operating expenses were reduced from RMB 180 million in 2022 to around RMB 100 million by the end of 2024, reflecting a leaner operational approach [29] - The company reported an operating loss in Q3, largely due to supply constraints and foreign exchange losses, but expects improvement in Q4 [38][50] Business Line Performance - Amazfit product sales achieved the highest sequential growth in 2024, with self-branded sales contributing over 95% of total revenue [10][27] - The newly launched Amazfit T-Rex 3 experienced robust demand but faced supply constraints, impacting Q3 revenue [13][49] - Complementary devices like the Amazfit Helio Ring and Amazfit UP Open Wearable Stereo earbuds extended the product ecosystem and enhanced user experience [14][15] Market Performance - The global wearable technology market is projected to grow from USD 70 billion in 2024 to USD 150 billion by 2029, with a CAGR of 16.8% [30] - The outdoor and sports segment of the smart wearable market is growing faster, aligning with the company's product roadmap [28] - Early positive feedback on Amazfit UP earbuds in Europe indicates strong market potential [15] Strategic Direction and Industry Competition - The company is focusing on product innovation, expanding international visibility, and diversifying product offerings to meet evolving customer needs [22][23] - Investments in AI and new technologies, such as Zepp OS 4.0, aim to maintain a competitive edge in wearable technology [16][35] - Strategic partnerships with athletes and events like HYROX reinforce the brand's presence in competitive fitness [20][21] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about maintaining sales momentum into upcoming quarters, despite global macroeconomic headwinds [11][22] - The company expects Q4 revenue to range between USD 55 million and USD 70 million, with self-branded products contributing over 90% [42] - Long-term growth is supported by a balanced product launch cadence and the success of the T-Rex 3 [60] Other Important Information - The company expanded its share buyback program, reflecting confidence in its long-term strategy [24][52] - Compliance with NYSE listing standards was regained in October 2024, reinforcing market standing [42] Q&A Session Summary Question: Expected revenue growth in Q4 and product contributions - The T-Rex 3 and Amazfit UP earbuds are expected to drive Q4 revenue growth, with supply constraints for the T-Rex 3 being resolved [45][46] - Q4 is traditionally a strong sales season, supported by events like Double 11, Black Friday, and Christmas [47] Question: Supply constraints for the T-Rex 3 - The bottleneck was due to unexpectedly high demand, with factories now operating 24/7 to meet production needs [48][49] Question: Foreign exchange loss in Q3 - A sharp RMB appreciation led to a USD 1 million FX loss, but a tailwind is expected in Q4 [50][51] Question: Cash deployment strategy - The company plans to continue its share buyback program and explore small bolt-on M&A opportunities [52] Question: Q3 net loss and future profitability - The net loss was attributed to supply constraints, front-loaded marketing expenses, and FX headwinds, but profitability is expected to improve in Q4 [54][58] Question: Sustainability of sales growth - The company anticipates sustained growth in 2025, driven by a balanced product launch cadence and the success of the T-Rex 3 [59][60]

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 ...