Reported Earnings • Apr 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥2.08 (down from CN¥2.14 in FY 2024). Revenue: CN¥2.43b (up 15% from FY 2024). Net income: CN¥141.6m (down 2.8% from FY 2024). Profit margin: 5.8% (down from 6.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is expected to decline by 8.0% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 4.9%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 27
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥2.08 (down from CN¥2.14 in FY 2024). Revenue: CN¥2.43b (up 15% from FY 2024). Net income: CN¥141.6m (down 2.8% from FY 2024). Profit margin: 5.8% (down from 6.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is expected to decline by 8.0% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to US$1.08, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 14x in the Consumer Durables industry in the US. Total returns to shareholders of 16% over the past three years. New Risk • Mar 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 43% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 43% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (US$92.4m market cap). Announcement • Mar 25
Viomi Technology Co., Ltd Announces Special Cash Dividend Viomi Technology Co. Ltd. announced that its Board of Directors has approved a special cash dividend of USD 0.022 per ordinary share on its outstanding shares to shareholders of record as of the close of trading on April 06, 2026.
Holders of American Depositary Shares, each representing three ordinary shares of the Company, are accordingly entitled to a cash dividend of USD 0.066 per ADS. Deutsche Bank Trust Company Americas, the depositary bank for the Company’s ADS program, expects to pay out this dividend to ADS holders on or about April 15, 2026. Announcement • Mar 02
Viomi Technology Co., Ltd to Report Fiscal Year 2025 Results on Mar 25, 2026 Viomi Technology Co., Ltd announced that they will report fiscal year 2025 results at 9:30 AM, US Eastern Standard Time on Mar 25, 2026 Announcement • Feb 10
Viomi Technology Co., Ltd Announces Board Changes, Effective February 10, 2026 Viomi Technology Co. Ltd. announced that its board of directors has appointed Mr. Qian Sun as a director, effective from February 10, 2026. Mr. Sun will replace Mr. De Liu who resigned from the Board for personal reasons effective from February 10, 2026. Mr. Sun brings a wealth of experience in finance, capital markets and corporate governance to Viomi’s Board. He currently serves as the General Manager of the Strategic Investment Department of Xiaomi Group and as President of Airstar Digital Technology, an indirect wholly-owned subsidiary of Xiaomi. He joined Xiaomi in July 2017 and has since held rotating positions in the Group’s Strategy Department, Internet Business Department and China Region. From March 2021 to November 2025, he served as Vice President of Xiaomi Group’s Finance Department, responsible for the Company’s overall financial operations. Prior to joining Xiaomi, Mr. Sun spent 12 years at PricewaterhouseCoopers, where he specialized in audit and consulting services for the TMT industry. New Risk • Jan 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$99.2m market cap). Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$1.50, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 13x in the Consumer Durables industry in the US. Total returns to shareholders of 13% over the past three years. Reported Earnings • Nov 12
First half 2025 earnings released: EPS: CN¥1.77 (vs CN¥0.088 in 1H 2024) First half 2025 results: EPS: CN¥1.77 (up from CN¥0.088 in 1H 2024). Revenue: CN¥1.48b (up 42% from 1H 2024). Net income: CN¥120.4m (up CN¥114.4m from 1H 2024). Profit margin: 8.1% (up from 0.6% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Consumer Durables industry in the US are expected to grow by 3.9%. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 42% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 42% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Announcement • Oct 21
Viomi Technology Co., Ltd Launches New AI Water Purifier INNO In Malaysia Viomi Technology Co. Ltd. has announced the launch of its new AI water purifier, INNO, in Malaysia. The product is designed to provide a smarter and safer drinking water lifestyle to local households. The INNO water purifier features Viomi’s proprietary mineralization technology and is already available for pre-sale in Malaysia. This launch is part of Viomi's commitment to innovating in water purification and enhancing the home drinking water experience for consumers. The product launch event is scheduled for October 30, where the company will officially unveil the INNO water purifier. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to US$2.93, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Consumer Durables industry in the US. Total returns to shareholders of 234% over the past three years. Reported Earnings • Oct 05
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥2.14 (up from CN¥1.76 in FY 2023). Revenue: CN¥2.12b (up 29% from FY 2023). Net income: CN¥145.8m (up 20% from FY 2023). Profit margin: 6.9% (down from 7.4% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 111%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
Viomi Technology Co., Ltd. Announces U.S. Launch of AI Alkaline Mineral Water Purifier, Master M1 Viomi Technology Co. Ltd. announced Company is strengthening its U.S. market presence with the U.S. debut of its first AI alkaline mineral water purifier, MASTER M1, now available on Amazon. Leveraging AI technology to replicate pure mineralization, the device delivers clean, mineral-rich water to households across the United States. MASTER M1 Launches on Amazon U.S. for USD 899: Marking a key milestone in its global strategy, Viomi has officially launched the MASTER M1 AI alkaline mineral water purifier on Amazon U.S. This move brings a premium, AI-powered drinking water solution to American households, making advanced water purification technology more accessible. Key Features of MASTER Series M1: Pure, pH+ Alkaline Mineral Water: Replicates natural spring water by enriching it with essential minerals like calcium, magnesium, potassium, sodium, strontium, and metasilicic acid for a balanced taste. It meets the human body’s demand for multiple minerals and is closer to pure mineral water. Precision 9-Stage RO Filtration: Removes 99% of harmful contaminants down to 0.0001 micron, ensuring exceptionally clean and safe water. AI-Powered Smart Faucet: A touch-screen display provides real-time data on water quality (TDS), water volume, and filter status for a seamless, intelligent experience. Cost-Effective, Low-Maintenance Design: The long life filter lasts up to 4 years and is designed for simple, tool-free DIY replacement, reducing cost and maintenance hassle. Major Estimate Revision • Aug 27
Consensus revenue estimates increase by 19% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from CN¥2.42b to CN¥2.87b. EPS estimate increased from CN¥2.29 to CN¥2.57 per share. Net income forecast to grow 23% next year vs 4.5% decline forecast for Consumer Durables industry in the US. Consensus price target of US$4.00 unchanged from last update. Share price rose 5.2% to US$3.47 over the past week. Announcement • Aug 15
Viomi Technology Co., Ltd Announces Revenue Guidance for the First Half of 2025 Viomi Technology Co. Ltd. announced revenue guidance for the first half of 2025. For the period the company expects to report total revenue exceeding RMB 1.4 billion, representing a year-over-year increase of more than 70% from the first half of 2024. The anticipated increase is primarily driven by the rising sales for household water purification equipment, further supported by national subsidy policies. This growth also serves as a testament to the high degree of consumer recognition for the Company’s technological strength. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Jun Li was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 14
Viomi Technology Co., Ltd Announces Declaration of Special Dividend, Payable on or Around August 18, 2025 Viomi Technology Co. Ltd. announced that its board of directors has approved the declaration and distribution of a special dividend of USD 0.0293 per ordinary share (USD 0.0880 per American depositary share, or ADS). The aggregate amount of the special dividend will be approximately USD 6 million. The Special Dividend is expected to be paid on or around August 18, 2025 to the holders of the Company’s ordinary shares, and on or around August 21, 2025 to the holders of the Company’s ADSs, of record, as of the close of business on July 31, 2025. The Special Dividend to be paid to the holders of ADSs will be subject to the terms of the deposit agreement. Announcement • May 20
Viomi Technology Co., Ltd Unveils Next-Generation Mineral Water Purifiers Viomi Technology Co. Ltd. announced the official launch of its Kunlun 4 Pro Alkaline Mineral Water Purifier. Unveiled at a special product event held on May 16th, this next-generation water purifier harnesses AI technology to replicate the natural mineral water formation process, aiming to elevate household drinking water from the era of "pure water" to the new era of "pure mineral water," and offering a solution for families seeking mineral-rich drinking water at home. To better meet the growing consumer demand for mineral-rich water at home, Viomi established the Kunlun Mineral Technology Research Center, investing over RMB 100 million in the past three years. Collaborating with China University of Geosciences, the research team traveled extensively across China's renowned mountain regions, ultimately selecting Kunlun natural ore as the core material of the purifier. At the heart of the Kunlun 4 Pro is the Kunlun Filter, which employs a 7+1 level fine filtration system. This technology effectively removes over 100 harmful substances while enriching the water with six beneficial minerals: strontium, sodium, magnesium, potassium, calcium, and metasilicic acid, closely mimicking the composition of natural mineral spring water. In addition, Viomi has established four standards for "pure mineral water." First, the purifier utilizes meticulously selected raw materials, incorporating natural mineral ore in the filter to replicate mineral-rich water containing six essential minerals. Second, it features an AI-powered slow-release system that visibly and gradually releases these six minerals over time. Third, the device offers real-time pH monitoring with a slightly alkaline profile. Lastly, the product has achieved both "Excellent Water Quality" and "Maternal and Infant Mineral Grade" certifications. These standards underscore the purifier's safety and suitability for sensitive populations and the broader market, driving industry upgrade and leading the water purification sector towards a healthier, smarter, and higher-quality direction. At the launch event, Viomi also showcased the industry's first "Group Standard for Household and Similar Use Maternal and Infant Mineral Water Purifiers," jointly developed with the China Inspection and Testing Society and the China Household Electrical Appliances Research Institute. The Kunlun 4 Pro are the first product to obtain this certification, further emphasizing its safety and healthfulness for vulnerable groups. Looking ahead, Viomi remains committed to advancing AI-driven water purification technology, aiming to lead the evolution of household mineral water and provide consumers with healthier, smarter drinking experiences for years to come. Announcement • May 02
Viomi Technology Co., Ltd announced delayed 20-F filing On 05/01/2025, Viomi Technology Co., Ltd announced that they will be unable to file their next 20-F by the deadline required by the SEC. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to US$1.26, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Consumer Durables industry in the US. Total loss to shareholders of 21% over the past three years. New Risk • Apr 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$98.2m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Market cap is less than US$100m (US$98.2m market cap). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to US$1.56, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 9x in the Consumer Durables industry in the US. Total loss to shareholders of 14% over the past three years. New Risk • Mar 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: CN¥2.14 (up from CN¥1.23 loss in FY 2023). Revenue: CN¥2.12b (down 15% from FY 2023). Net income: CN¥145.8m (up CN¥230.4m from FY 2023). Profit margin: 6.9% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 111%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Mar 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (14% average weekly change). Announcement • Mar 03
Viomi Technology Co., Ltd to Report Q4, 2024 Results on Mar 25, 2025 Viomi Technology Co., Ltd announced that they will report Q4, 2024 results Pre-Market on Mar 25, 2025 Announcement • Jan 09
VIOMI Unveils Revolutionary Water Purifiers At CES 2025 At CES 2025, VIOMI showcased its latest water purification technologies that aim to revolutionize home hydration. Guided by the corporate vision of “AI For Better Water”, VIOMI’s innovations promise to deliver advanced, sustainable, and pure water to homes worldwide. Among the star products in VIOMI's CES booth are the Kunlun Water Purifier and Vortex 8, two water filtration systems that exemplify the company's approach to home water solutions. The new designs are meant to not only enhance drinking water but also ensure greater sustainability and ease for modern households. Vortex 8 takes center stage in VIOMI's CES 2025 presentation Key Features of Vortex 8: RO Filtration with 0.0001 Micron Precision: Vortex 8's precision filtration eliminates harmful contaminants such as PFOA, PFOS, viruses, heavy metals, and microplastics, ensuring the cleanest, safer drinking water. It also significantly reduces the Total Dissolved Solids (TDS) level, resulting in pure, crystal-clear water. 3:1 Wastewater Ratio: Standing out for its efficiency, the Vortex 8 reduces water waste without compromising on filtration performance, saving resources while still delivering high-quality water. 4-Year Long-Life Filter: A remarkable feature, this filter lifespan reduces the need for frequent replacements, offering long-term convenience and cost savings. Tankless, Integrated Design: The compact and sleek, tankless design provides ease of installation and helps conserve valuable space while delivering consistent, clean water. VIOMI also feature the Kunlun Water Purifier, an innovation that elevates hydration with the addition of six essential minerals for improved health benefits. The Kunlun water purifier not only provides access to purified water but enriches it with key minerals, offering users a comprehensive and beneficial water experience. Key Features of Kunlun: Six Vital Minerals: Delivers six minerals – strontium, potassium, sodium, calcium, magnesium, and metasilicic acid – essential for hydration and maintaining overall well-being. 1200G High-Volume Flow Rate: Combines high flow rate and efficient mineralization to deliver water quickly while preserving vital nutrients. 7-Layer Filtration System: Designed to filter contaminants while retaining vital minerals to ensure a healthy, balanced water experience. Smart Faucet: The integrated smart faucet allows users to easily monitor real-time water quality and maintain peak performance with proactive updates. The Kunlun Water Purifier stands as a premium offering for customers looking to combine hydration with health benefits. With its innovative mineralization technology and sophisticated filtration system, Kunlun redefines the possibilities of modern hydration. Announcement • Dec 04
Viomi Technology Co., Ltd Announces the Appointment of Guang Wu as President of Operations Viomi Technology Co. Ltd. announced the appointment of Mr. Guang Wu as President of Operations, effective December 4, 2024. In this role, Mr. Wu will focus on driving high-quality business development and enhancing operational efficiency. Mr. Wu brings over 20 years of experience in business development and marketing within the domestic home appliances and home furnishing industry. Prior to joining Viomi, he served as Vice President and General Manager of Domestic Marketing at Sleemon Group. Before that, he managed domestic marketing for the Living Appliance Division at Midea Group for many years. Throughout his career, Mr. Wu has consistently led teams to achieve significant growth and numerous breakthroughs. New Risk • Sep 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Announcement • Sep 02
Chen acquired Certain IoT@Home Businesses from Viomi Technology Co., Ltd (NasdaqGS:VIOT) for CNY 65 million. Chen agreed to acquire Certain IoT@Home Businesses from Viomi Technology Co., Ltd (NasdaqGS:VIOT) for CNY 65 million on July 19, 2024. A cash consideration of CNY 65 million will be paid by the Chen. The transaction is subject to certain closing conditions and is expected to close by the end of August 2024. Kroll, LLC acted as financial advisor to special committee of Viomi Technology.
Chen completed the acquisition of Certain IoT@Home Businesses from Viomi Technology Co., Ltd (NasdaqGS:VIOT) on August 31, 2024. All conditions have been fulfilled. Reported Earnings • Aug 28
First half 2024 earnings: EPS exceeds analyst expectations while revenues lag behind First half 2024 results: EPS: CN¥0.088 (up from CN¥0.80 loss in 1H 2023). Revenue: CN¥1.04b (down 20% from 1H 2023). Net income: CN¥5.98m (up CN¥60.9m from 1H 2023). Profit margin: 0.6% (up from net loss in 1H 2023). The move to profitability was driven by lower expenses. Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 32 percentage points per year, which is a significant difference in performance. New Risk • Aug 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 15% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Aug 26
Viomi Technology Co., Ltd Provides Revenue Guidance for the Full Year 2024 Viomi Technology Co. Ltd. provided revenue guidance for the full year 2024. For the period, the company expects revenue of the Continuing Businesses to be between RMB 1.7 billion and RMB 1.9 billion. Announcement • Aug 19
Viomi Technology Regains Compliance with Nasdaq's Minimum Bid Price Requirement Viomi Technology Co. Ltd. (‘Viomi’ or the ‘Company’) announced that it has received a written notification letter (the ‘Compliance Notice’) from the Listing Qualifications Department of the Nasdaq Stock Market (‘Nasdaq’) dated August 16, 2024, informing the Company that it has regained compliance with the Nasdaq Listing Rule 5450(a)(1) (the ‘Minimum Bid Price Requirement’). As previously announced, on March 26, 2024, Viomi received a notification letter from Nasdaq indicating that the Company was not in compliance with the Minimum Bid Price Requirement, as the closing bid price of the Company's American Depositary Shares (the ‘ADSs’) was below USD 1.00 per ADS for 30 consecutive business days. According to the Compliance Notice, the closing bid price of the Company's ADSs has been at USD 1.00 per ADS or greater for ten consecutive business days from August 1 to August 15, 2024, and the Company has regained compliance with the Minimum Bid Price Requirement and the matter is closed. Announcement • Aug 05
Viomi Technology Co., Ltd to Report First Half, 2024 Results on Aug 26, 2024 Viomi Technology Co., Ltd announced that they will report first half, 2024 results on Aug 26, 2024 Announcement • Jul 21
Chen agreed to acquire Certain IoT@Home Businesses from Viomi Technology Co., Ltd (NasdaqGS:VIOT) for CNY 65 million. Chen agreed to acquire Certain IoT@Home Businesses from Viomi Technology Co., Ltd (NasdaqGS:VIOT) for CNY 65 million on July 19, 2024. A cash consideration of CNY 65 million will be paid by the Chen. The transaction is subject to certain closing conditions and is expected to close by the end of August 2024. Kroll, LLC acted as financial advisor to special committee of Viomi Technology. Reported Earnings • Mar 25
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CN¥1.23 loss per share (improved from CN¥3.97 loss in FY 2022). Revenue: CN¥2.49b (down 23% from FY 2022). Net loss: CN¥84.7m (loss narrowed 69% from FY 2022). Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 140%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Consumer Durables industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Mar 15
Viomi Technology Co., Ltd Launches Series of New Products and Showcased at the Appliances and Electronic World Expo in Shanghai Viomi Technology Co. Ltd. recently held the Company's Spring New Home Water Solution Product and AIoT@Home Solution Product Launch Events. The series of new products was unveiled at the China Home Appliance and Consumer Electronics Expo (AWE) in Shanghai from March 14 to March 17. 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, surpassing the national standard of 0.2mg/L by two-fold. This innovation enables health-conscious individuals and families with infants and young children to continuously replenish beneficial minerals, ushering in a new era of healthier water purification. Regarding AIoT@Home business, the company launched Alpha X, a cardiorespiratory detection radar equipped with millimeter-wave radar technology. This product adhered to the principle of 'AI: Helpful' and concentrated on monitoring and safeguarding family health. Equipped with 60GHz millimeter-wave radar AI module, Alpha X is capable of scanning across an ultra-wideband frequency range. This, combined with the ability of AI deep learning algorithms, enables Alpha X to be contactless, detect heart/thorax micro-movement frequency in real-time, and recognize anomalies, thus solving the many inconveniences and difficulties older people face at home. It also introduced Super 3, the Viomi all-space AI air-conditioner 2.0, which intelligently adjusts the ambient temperature according to different sleep stages, providing enhanced comfort and helping to improve users' sleep quality. Meanwhile, as the demand for improved living increases throughout the housing market, the company has further upgraded one-stop IoT@Home solution with the launch of multimillion-dollar Space series, which provides consumers with a stylish, customized, and more intelligent product experience. New Risk • Mar 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$44.9m market cap). Announcement • Mar 05
Viomi Technology Co., Ltd to Report Second Half, 2023 Results on Mar 25, 2024 Viomi Technology Co., Ltd announced that they will report second half, 2023 results on Mar 25, 2024 New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$55.8m market cap). Reported Earnings • Aug 25
First half 2023 earnings released: CN¥0.80 loss per share (vs CN¥1.29 loss in 1H 2022) First half 2023 results: CN¥0.80 loss per share (improved from CN¥1.29 loss in 1H 2022). Revenue: CN¥1.30b (down 20% from 1H 2022). Net loss: CN¥54.9m (loss narrowed 39% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Aug 08
Viomi Technology Co., Ltd to Report First Half, 2023 Results on Aug 24, 2023 Viomi Technology Co., Ltd announced that they will report first half, 2023 results on Aug 24, 2023 Reported Earnings • Mar 29
Full year 2022 earnings released: CN¥3.97 loss per share (vs CN¥1.27 profit in FY 2021) Full year 2022 results: CN¥3.97 loss per share (down from CN¥1.27 profit in FY 2021). Revenue: CN¥3.23b (down 39% from FY 2021). Net loss: CN¥275.5m (down 411% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 25
Third quarter 2022 earnings released: CN¥1.15 loss per share (vs CN¥0.42 loss in 3Q 2021) Third quarter 2022 results: CN¥1.15 loss per share (further deteriorated from CN¥0.42 loss in 3Q 2021). Revenue: CN¥685.8m (down 35% from 3Q 2021). Net loss: CN¥79.6m (loss widened 172% from 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 16 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Jun Li was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 08
Viomi Technology Co., Ltd to Report Q3, 2022 Results on Nov 23, 2022 Viomi Technology Co., Ltd announced that they will report Q3, 2022 results Pre-Market on Nov 23, 2022 Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Jun Li was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 26
Viomi Technology Co., Ltd (NasdaqGS:VIOT) announces an Equity Buyback for $10 million worth of its shares. Viomi Technology Co., Ltd (NasdaqGS:VIOT) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its American depositary shares. The company expects to fund the repurchases out of its existing cash balance. The purpose of the program is to enhance the shareholders value. The program will be valid over the next 12 months, ending on October 24, 2023. Board Change • Oct 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 1 highly experienced director. Independent Director Jun Li was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 23
Second quarter 2022 earnings released: CN¥0.57 loss per share (vs CN¥0.66 profit in 2Q 2021) Second quarter 2022 results: CN¥0.57 loss per share (down from CN¥0.66 profit in 2Q 2021). Revenue: CN¥924.2m (down 44% from 2Q 2021). Net loss: CN¥39.6m (down 186% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 47% per year whereas the company’s share price has fallen by 46% per year. Announcement • Aug 23
Viomi Technology Co., Ltd Announces Outlook for the Third Quarter of 2022 Viomi Technology Co. Ltd. announced outlook for the third quarter of 2022. For the quarter, the Company currently expects Net revenues to be between RMB 740 million and RMB 840 million. Announcement • Aug 09
Viomi Technology Co., Ltd to Report Q2, 2022 Results on Aug 22, 2022 Viomi Technology Co., Ltd announced that they will report Q2, 2022 results Pre-Market on Aug 22, 2022 Announcement • May 28
Viomi Technology Co., Ltd Provides Earnings Guidance for Second Quarter of Fiscal 2022 Viomi Technology Co. Ltd. provided earnings guidance for second quarter of fiscal 2022. For the second quarter of 2022, the Company currently expects net revenues to be between RMB 850 million and RMB 1.05 billion. Announcement • May 17
Viomi Technology Co., Ltd to Report Q1, 2022 Results on May 27, 2022 Viomi Technology Co., Ltd announced that they will report Q1, 2022 results Pre-Market on May 27, 2022 Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorated over the past week After last week's 20% share price decline to US$1.37, the stock trades at a trailing P/E ratio of 6.9x. Average forward P/E is 8x in the Consumer Durables industry in the US. Total loss to shareholders of 86% over the past three years. Reported Earnings • May 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.27 (down from CN¥2.49 in FY 2020). Revenue: CN¥5.30b (down 9.0% from FY 2020). Net income: CN¥88.6m (down 49% from FY 2020). Profit margin: 1.7% (down from 3.0% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 62%. Over the next year, revenue is forecast to grow 8.8%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 27
Price target decreased to US$1.90 Down from US$6.57, the current price target is provided by 1 analyst. New target price is 26% above last closing price of US$1.51. Stock is down 82% over the past year. The company posted earnings per share of CN¥1.27 last year. Reported Earnings • Mar 30
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥1.29 (down from CN¥2.49 in FY 2020). Revenue: CN¥5.30b (down 9.0% from FY 2020). Net income: CN¥88.6m (down 49% from FY 2020). Profit margin: 1.7% (down from 3.0% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 62%. Over the next year, revenue is forecast to grow 24%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 47% per year, which means it is performing significantly worse than earnings. Announcement • Mar 29
Viomi Technology Co., Ltd Provides Earnings Guidance for the First Quarter 2022 Viomi Technology Co. Ltd. provided earnings guidance for the first quarter 2022. for the quarter, the company expects Net revenues to be between RMB 680 million and RMB 730 million. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 27% share price gain to US$1.91, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 8x in the Consumer Durables industry in the US. Total loss to shareholders of 83% over the past three years. Price Target Changed • Mar 18
Price target increased to US$8.75 Up from US$6.90, the current price target is an average from 3 analysts. New target price is 472% above last closing price of US$1.53. Stock is down 89% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥2.49 last year. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$1.60, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 8x in the Consumer Durables industry in the US. Total loss to shareholders of 84% over the past three years. Price Target Changed • Jan 19
Price target increased to US$8.75 Up from US$6.90, the current price target is an average from 3 analysts. New target price is 317% above last closing price of US$2.10. Stock is down 69% over the past year. The company is forecast to post earnings per share of CN¥0.72 for next year compared to CN¥2.49 last year. Announcement • Dec 21
Viomi Technology Co., Ltd Unveils 2022 Overseas Strategic New Product Lineup Viomi Technology Co. Ltd. announced its 2022 strategic new product launch plan for overseas market, reinforcing its mission to create next-level one-stop IoT home solutions. To enhance the users' lives with active intelligence and a healthy, safe home environment, the Company unveiled plans for overseas release of numerous new and exciting smart appliances, including: Alpha 2 Pro, a newly-introduced revolutionary anti-collision cleaning master, is Viomi's first robot vacuum with four-line laser lidars for more effective detection and range. The vacuum is both Alexa and Google Home voice-enabled; Master 2 Pro, an ultra-thin (470mm) washer-dryer, can be fully controlled via the Mi Home app. It even comes with automatic detergent dispensing, making laundry more convenient than ever; Blues Pro, a cutting-edge 1200G high-volume smart water purifier, features double RO filters that last longer and lower costs. The mobile phone app also provides pop-up messages with operating status information and reminds users when to replace the filters; 21Face, Viomi's flagship large-screen refrigerator, boasts an embedded interface, which allows users to access recipes, shopping apps and entertainment content. In addition, Viomi added a series of next-generation AI-enabled smart kitchen appliances to its overseas lineup, including smart dish washer and smart steam oven, which features a companion app that provides a broad collection of continually updated online recipes. Further, Viomi expanded its IoT @ home portfolio to air care solutions with its smart air purifiers, smart heaters, and smart circulation fans. All of these Viomi's innovative IoT products are able to work with the Mi Home app, and some are also Alexa and Google Home voice-enabled (depending on the model, see detailed information on Viomi's website), ensuring a seamless experience for overseas users. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment deteriorated over the past week After last week's 27% share price decline to US$2.30, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 9x in the Consumer Durables industry in the US. Total loss to shareholders of 70% over the past three years. Major Estimate Revision • Dec 07
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 revenue forecast fell from CN¥6.45b to CN¥5.27b. EPS estimate unchanged from CN¥3.18 per share at last update. Consumer Durables industry in the US expected to see average net income growth of 18% next year. Consensus price target down from US$10.23 to US$7.90. Share price fell 6.3% to US$3.13 over the past week. Reported Earnings • Nov 26
Third quarter 2021 earnings: EPS and revenues miss analyst expectations Third quarter 2021 results: CN¥0.42 loss per share (down from CN¥0.50 profit in 3Q 2020). Revenue: CN¥1.06b (down 29% from 3Q 2020). Net loss: CN¥29.3m (down 184% from profit in 3Q 2020). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 67%. Earnings per share (EPS) missed analyst estimates by 67%. Over the next year, revenue is forecast to grow 21%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Nov 25
Viomi Technology Co. Ltd. Provides Earnings Guidance for the Fourth Quarter of 2021 Viomi Technology Co. Ltd. provided earnings guidance for the fourth quarter of 2021. For the period, the Company expects Net revenues to be between RMB 1.2 billion and RMB 1.3 billion. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment deteriorated over the past week After last week's 22% share price decline to US$3.51, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Consumer Durables industry in the US. Total loss to shareholders of 60% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$6.48 per share. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment improved over the past week After last week's 22% share price gain to US$5.00, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 9x in the Consumer Durables industry in the US. Total loss to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$6.30 per share. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$4.13, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Consumer Durables industry in the US. Total loss to shareholders of 54% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$6.27 per share. Announcement • Aug 28
Viomi Technology Launches V3 Max Robot Vacuum Cleaner Featuring 3-In-1 Sweep, Mop & Vacuum Viomi Technology Co. Ltd. launched the Viomi V3 Max robot vacuum, the Company's best-budget Lidar robot vacuum-mop that delivers efficient and effective cleaning. V3 Max was Viomi’s first product released in the U.S. and the first item on Viomi’s official U.S. Amazon store, promising to provide a healthy and clean home environment to users. With three cleaning modes, the V3 Max thoroughly removes dust, dirt, water stains, crumbs, pet hair, and footprints from carpets, various types of floors and surfaces. It also comes with an exclusive feature called Y-pattern mopping that mimics in-depth manual cleaning. The V3 Max swiftly adapts to a variety of complex environments, accurately learn the layout of users’ home, and automatically builds a map of the space after the first mapping. With the brand-new Map 2.0 system and improved AI core algorithm, it can store 5 multi-floor maps so that it never loses its way. In order to make the V3 Max quieter and more durable, Viomi has incorporated several innovative technologies into it that are normally seen in high-end robot vacuums, such as some brush-less DC motors for vacuuming debris and powering the wheels, industrial-grade sound-absorption foams and a 5200mAh battery, among others. The V3 Max will delight users with not only its premium cleaning capabilities, but also its long-duration runtime of 300 minutes at a super low working voice of 57dB in quiet mode, which is even lower than operating a microwave. The Viomi V3 Max is now available on U.S.Amazon. Reported Earnings • Aug 26
Second quarter 2021 earnings released: EPS CN¥0.67 (vs CN¥0.14 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: CN¥1.66b (down 1.5% from 2Q 2020). Net income: CN¥46.1m (up 367% from 2Q 2020). Profit margin: 2.8% (up from 0.6% in 2Q 2020). The increase in margin was driven by lower expenses. 