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Viomi Technology Co., Ltd Announces Preliminary First Half 2025 Financial
Globenewswire· 2025-08-15 08:00
Core Viewpoint - Viomi Technology Co., Ltd expects to report a revenue exceeding RMB1.4 billion for the first half of 2025, reflecting a year-over-year increase of over 70% driven by rising sales of household water purification equipment and supportive national subsidy policies [2][3]. Financial Performance - The anticipated revenue growth is primarily attributed to increased consumer recognition of the company's technological strength and the effectiveness of government policies [2][3]. - The preliminary financial results are based on the most current information available and are subject to adjustments upon completion of the financial reporting processes [3]. Business Model and Strategy - Viomi operates a distinctive "Equipment + Consumables" business model, leveraging AI technology to enhance water quality monitoring and simplify filter replacement, which increases the filter replacement rate [6]. - The company aims to capitalize on the growing public health consciousness and the accelerating adoption of household water purification systems to ensure long-term sustainable growth [3]. Industry Position - Viomi is recognized as an industry leader in home water systems, operating a "Water Purifier Gigafactory" that integrates an efficient industrial chain, facilitating continuous breakthroughs in water purification technology [7]. - The company's innovations not only extend filter lifespan and lower user costs but also promote the adoption of water purifiers, addressing the rising global demand for cleaner drinking water [6][7].
Viomi Technology Co., Ltd Granted Exception by Nasdaq Staff Regarding Form 20-F Filing
Globenewswire· 2025-07-30 09:30
Core Viewpoint - Viomi Technology Co., Ltd has been granted an exception by Nasdaq regarding the filing of its Form 20-F for the year ended December 31, 2024, allowing the company to regain compliance with Nasdaq's listing requirements [1][2]. Company Overview - Viomi is a leading technology company in home water solutions in China, focusing on providing better drinking water solutions through AI technology [5]. - The company operates a "Equipment + Consumables" business model, enhancing filter replacement rates and water quality monitoring through technological innovations [6]. Compliance and Regulatory Update - Nasdaq notified Viomi of its non-compliance with filing requirements on May 21, 2025, due to the failure to file Form 20-F [2]. - The exception granted by Nasdaq requires Viomi to file its Form 20-F by November 11, 2025, to avoid potential delisting [3][4]. Technological Innovations - Viomi's innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle [6]. - The company operates a "Water Purifier Gigafactory," which enhances efficiency and facilitates breakthroughs in water purification [6].
Viomi Technology Co., Ltd Announces Declaration of a Special Dividend
Globenewswire· 2025-07-14 11:45
Core Viewpoint - Viomi Technology Co., Ltd has announced a special dividend of US$0.0293 per ordinary share, totaling approximately US$6 million, reflecting the company's commitment to long-term shareholder value and confidence in its strategic direction and future growth [1][2]. Company Overview - Viomi is a leading technology company in home water solutions in China, focusing on providing better drinking water solutions through AI technology [4][5]. - The company operates a "Equipment + Consumables" business model, enhancing filter replacement and water quality monitoring, which promotes the adoption of water purifiers [5][6]. Recent Developments - Following a strategic business reorganization in 2024, Viomi has sharpened its focus on home water solutions and launched the Kunlun 4 Pro Alkaline Mineral Water Purifier, aiming to shift household drinking water standards [2]. - The company has achieved a turnaround in operations, marking a key milestone in its development, supported by steady business growth [2]. Operational Efficiency - Viomi has enhanced operational efficiency in the domestic market while expanding its global footprint, resulting in meaningful business progress [2]. - The company operates a "Water Purifier Gigafactory," which enables economies of scale and accelerates the global popularization of residential water filtration [5][6].