Viomi Technology Co., Ltd, through its subsidiaries, develops and sells Internet-of-things-enabled (IoT-enabled) smart home products in the People's Republic of China. The company offers IoT-enabled smart home products, including smart water purification systems; smart kitchen products, such as refrigerators, oven steamers, dishwashers, range hoods, and gas stoves; and other smart products comprising air conditioning systems, washing machines, water heaters, smart water kettles, sweeper robots, smart locks, smart TV, and other smart devices. It also provides a suite of complementary consumable products and small appliances, such as blenders, portable fans, rice cookers, water quality meters, water filter pitchers, stainless-steel insulated water bottles, smart toilet, and food waste disposals; and value-added services. The company sells its products directly to consumers through its online platform, Viomi Store mobile app, and e-commerce channels, including Youpin, JD.com, Tmall, and Suning, as well as offline experience stores. Viomi Technology Co., Ltd has a strategic partnership with Xiaomi Corporation. The company was founded in 2014 and is headquartered in Guangzhou, China.
IPO Year: 2018
Exchange: NASDAQ
Website: viomi.com.cn
Date | Price Target | Rating | Analyst |
---|---|---|---|
12/6/2021 | $12.50 → $9.50 | Buy | Needham |
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6-K - Viomi Technology Co., Ltd (0001742770) (Filer)
6-K - Viomi Technology Co., Ltd (0001742770) (Filer)
6-K - Viomi Technology Co., Ltd (0001742770) (Filer)
6-K - Viomi Technology Co., Ltd (0001742770) (Filer)
6-K - Viomi Technology Co., Ltd (0001742770) (Filer)
GUANGZHOU, China, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT) based in Guangzhou, and focused on home water solutions, today announced that Viomi Technology Co., Ltd, the Head of the Company's Capital and Strategy Department, Mr. Sam Yang and Ms. Claire Ji, the IR contact of the Company, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on September 25. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors. DATE:September 25, 2024TIME:9:00 AM ETLINK:https://bit.ly/47xPcjS This will be a live, interactive online even
NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Deutsche Bank today announced the lineup for its Depositary Receipts Virtual Investor Conference ("dbVIC") on Tuesday, September 24 and Wednesday, September 25, featuring live webcast presentations from international companies with American Depositary Receipt (ADR) programs in the US. Representatives from participating companies based in China, France, Hong Kong, Netherlands, Philippines, Portugal, Spain, Switzerland, and the United Kingdom will respond to questions during formal presentations. The conference is targeted to all categories of investors and analysts interested in international companies. There is no fee for participants to log i
GUANGZHOU, China, Aug. 31, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading technology company for home water solutions in China, today announced that all the conditions precedent to the divestment of certain businesses and assets related to IoT@Home portfolio products, as previously announced on July 19, 2024 (the "Transaction"), have been satisfied, and the Transaction has successfully completed. The completion of the Transaction enables the Company to embrace a new mission, "AI for Better Water," and strive to utilize AI technology to provide better drinking water solutions for households worldwide. Mr. Xiaoping Chen, Founder and CEO of V
New York, NY, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies released an Update Note on Viomi Technology Co., Ltd. (NASDAQ:VIOT). The update note includes detailed information on the Viomi Technology's business model, services, industry, financial results, management commentary, valuation, and risks. The update note is available below. Viomi Technology August 2024 Update Note Highlights from the note include: Profitability Returns Targeting Growth to Follow, Driven by an Optimized Product Portfolio: In the first half of 2024, the company reported a decline in net revenues to RMB 1,040.2 mil
Returning to a net profit position with a net income of RMB5.6 million and a non-GAAP net income[1] of RMB16.1 million. GUANGZHOU, China, Aug. 26, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading technology company for home water solutions in China, today announced its unaudited financial results for the six months ended June 30, 2024. First Half 2024 Financial and Operating Highlights Net revenues were RMB1,040.2 million (US$143.1 million), compared to RMB1,304.4 million for the same period of 2023.Gross margin increased to 24.8% from 22.0% for the same period of 2023.Net income was RMB5.6 million (US$0.8 million), compared to net loss of
GUANGZHOU, China, Aug. 17, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading technology company for home water solutions in China, today 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
Earnings Call Scheduled for 8:00 A.M. ET on August 26, 2024 GUANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced that it will report its unaudited financial results for the six months ended June 30, 2024 on Monday, August 26, 2024, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time on August 26, 2024 (8:00 P.M. Beijing/Hong Kong time on August 26, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1 888-346-8982 International: +1 412-902-
NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, an equity research firm with a focus on small capitalization public companies released an Update Note on Viomi Technology Co., Ltd. (NASDAQ:VIOT). The update note includes detailed information on the Viomi Technology's business model, services, industry, financial results, valuation, and risks. The update note is available here. Highlights from the note include: Strategic Divestiture of IoT@Home Portfolio: Viomi Technology Co., Ltd has announced a strategic move to sharpen its focus on the home water solutions market. The company has entered into definitive agreements with its founder, Chairman of the Board, and CEO, M
Foshan, China, July 25, 2024 (GLOBE NEWSWIRE) -- On July 19, 2024, Viomi Technology Co., Ltd (NASDAQ:VIOT) announced that in order to implement its "Focus" strategy, the Company has signed a business restructuring agreement with Mr. Xiaoping Chen, the founder and CEO, and an entity controlled by Mr. Xiaoping Chen, to divest part of the Company's IoT@Home business and related assets for a total cash consideration of RMB65 million. Upon completion of the reorganization, the Company will mainly focus on its home water solution business. Viomi Water Purifier Gigafactory About the impact of the restructuring, according to the company, this major restructuring is the company's overall stra
GUANGZHOU, China, July 19, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT) today announced that, to implement its "Focus" strategy for home water solution businesses, it has entered into definitive agreements with Mr. Xiaoping Chen, the Company's Founder, Chairman of the Board of Directors, and CEO, and an entity controlled by Mr. Chen, to divest the Company's businesses and assets involving certain IoT@Home portfolio products for a total consideration of RMB65 million in cash. The sale of the IoT@Home portfolio products (excluding range hoods, gas stoves, and water heaters) (the "Divested Business") to Mr. Chen will be effected through termination,
Needham reiterated coverage of Viomi Technology Co with a rating of Buy and set a new price target of $9.50 from $12.50 previously
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GUANGZHOU, China, Nov. 23, 2023 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT@Home technology company in China, today announced the elevation of its water purification business to a strategic business unit ("SBU"). This supports the implementation of the Company's strategy of focusing on water purification , fully leveraging Viomi's leading R&D and manufacturing capabilities, and further enhancing the Company's commitment to high-quality and sustainable development. Viomi also announced the appointment of Mr. Qi Chen, an industry veteran, as its water purification SBU's president. Before joining Viomi, Mr. Qi Chen served as the general man
Returning to a net profit position with a net income of RMB5.6 million and a non-GAAP net income[1] of RMB16.1 million. GUANGZHOU, China, Aug. 26, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading technology company for home water solutions in China, today announced its unaudited financial results for the six months ended June 30, 2024. First Half 2024 Financial and Operating Highlights Net revenues were RMB1,040.2 million (US$143.1 million), compared to RMB1,304.4 million for the same period of 2023.Gross margin increased to 24.8% from 22.0% for the same period of 2023.Net income was RMB5.6 million (US$0.8 million), compared to net loss of
Earnings Call Scheduled for 8:00 A.M. ET on August 26, 2024 GUANGZHOU, China, Aug. 5, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced that it will report its unaudited financial results for the six months ended June 30, 2024 on Monday, August 26, 2024, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time on August 26, 2024 (8:00 P.M. Beijing/Hong Kong time on August 26, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1 888-346-8982 International: +1 412-902-
GUANGZHOU, China, March 25, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced its unaudited financial results for the second half and full year ended December 31, 2023. Second Half 2023 Financial and Operating Highlights Net revenues were RMB1,189.0 million (US$167.5 million), compared to RMB1,596.4 million for the second half of 2022.Gross margin increased to 23.8% from 21.6% for the second half of 2022.Number of cumulative household users reached approximately 8.4 million, compared to approximately 7.7 million for the second half of 2022.Percentage of household users with at least two
Earnings Call Scheduled for 8:00 A.M. ET on March 25, 2024 GUANGZHOU, China, March 5, 2024 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced that it will report its unaudited financial results for the second half and full year ended on December 31, 2023 on Monday, March 25, 2024, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time on March 25, 2024 (8:00 P.M. Beijing/Hong Kong time on March 25, 2024). Dial-in details for the earnings conference call are as follows: United States (toll free): +1 888-346-8982 Interna
GUANGZHOU, China, Aug. 24, 2023 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced its unaudited financial results for the six months ended June 30, 2023. First Half 2023 Financial and Operating Highlights Net revenues were RMB1,304.4 million (US$179.9 million), compared to RMB1,636.4 million for the same period of 2022.Gross margin was 22.0%.Number of cumulative household users reached approximately 8.1 million, compared to approximately 7.2 million for the same period of 2022.Percentage of household users with at least two connected products reached 22.9%, compared to 22.0% for the same peri
Earnings Call Scheduled for 8:00 A.M. ET on August 24, 2023 GUANGZHOU, China, Aug. 7, 2023 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced that it will report its unaudited financial results for the six months ended June 30, 2023 on Thursday, August 24, 2023, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time on August 24, 2023 (8:00 P.M. Beijing/Hong Kong time on August 24, 2023). Dial-in details for the earnings conference call are as follows: United States (toll free): +1 888-346-8982 International: +1 412-902
Fourth quarter gross margin increased to 23.0% from 19.8% quarter-over-quarter. Full-year gross margin improved to 22.8% from 22.6% year-over-year. GUANGZHOU, China, March 27, 2023 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter 2022 Financial and Operating Highlights Net revenues were RMB910.5 million (US$132.0 million), compared to RMB1,332.8 million for the fourth quarter of 2021.Gross margin was 23.0%.Number of cumulative household users reached approximately 7.7 million, compar
Earnings Call Scheduled for 8:00 A.M. ET on March 27, 2023 GUANGZHOU, China , March 6, 2023 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced that it will report its fourth quarter and full year 2022 unaudited financial results on Monday, March 27, 2023, before the open of the U.S. markets. The Company's management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time on March 27, 2023 (8:00 P.M. Beijing/Hong Kong time on March 27, 2023). Dial-in details for the earnings conference call are as follows: United States (toll free): +1 888-346-8982 International: +1 412-902-4272 Hon
GUANGZHOU, China, Nov. 23, 2022 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced its unaudited financial results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial and Operating Highlights Net revenues reached RMB685.8 million (US$96.4 million), compared to RMB1,056.5 million for the third quarter of 2021.Gross margin was 19.8%.Number of cumulative household users reached approximately 7.4 million, compared to approximately 7.2 million as of the end of the second quarter of 2022 and approximately 6.3 million as of the end of the third quarter of 2021.Percentage of h
Earnings Call Scheduled for 7:30 a.m. ET on November 23, 2022 GUANGZHOU, China, Nov. 7, 2022 /PRNewswire/ -- Viomi Technology Co., Ltd ("Viomi" or the "Company") (NASDAQ:VIOT), a leading IoT @ Home technology company in China, today announced that it will report its third quarter 2022 unaudited financial results on Wednesday, November 23, 2022, before the open of the U.S. markets. The Company's management will host an earnings conference call at 7:30 AM U.S. Eastern Time on November 23, 2022 (8:30 PM Beijing/Hong Kong time on November 23, 2022). Dial-in details for the earnings conference call are as follows: United States (toll free): +1 888-346-8982 International: +1 412-902-4272 Hong Kong
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Viomi Technology Co (NASDAQ:VIOT) reported quarterly losses of $(0.17) per share. The company reported $351.19 million in sales this quarter.
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