Focus on AI Water, Completed Strategic Reorganization - Viomi Investor Day

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]