VIOT

Financial Performance: Viomi Technology reported a significant increase in net revenues for the second half of 2024, reaching RMB1,282.4 million (US$175.7 million), a 42.8% rise from the previous year, and achieved a net income of RMB56.8 million (US$7.8 million), reversing losses from 2023.

Strategic Focus: Following a strategic reorganization in August 2024, Viomi has concentrated on its core home water solutions, leading to a 39% growth in revenues from home water systems and positioning the company for sustainable growth through innovation and market expansion.

Earnings Report Announcement: Viomi Technology Co., Ltd will release its unaudited financial results for the second half and full year of 2024 on March 25, 2025, before U.S. market opening, followed by a conference call at 8:00 A.M. ET.

Company Overview: Viomi focuses on AI-driven home water solutions, utilizing an innovative business model to enhance water quality and filter replacement efficiency, while operating a leading "Water Purifier Gigafactory" to meet global demand for clean drinking water.

Emerging Growth Conference Announcement: The 78th Emerging Growth Conference is scheduled for January 15 & 16, 2025, featuring various companies across growth sectors presenting their innovative products and strategies to engage with the investment community.

Conference Details: The event includes keynote speakers from multiple companies, a virtual format for presentations, and opportunities for attendees to submit questions to the presenting companies.

VIOMI's Innovations at CES 2025: VIOMI showcased its advanced water purification technologies, including the Vortex 8 and Kunlun Water Purifier, emphasizing sustainability, user-friendly design, and health benefits through mineral enrichment.

Key Features of Products: The Vortex 8 offers precision filtration with a long-life filter and reduced wastewater, while the Kunlun purifier enhances hydration with essential minerals and a smart faucet for real-time monitoring.

New Appointment: Viomi Technology Co., Ltd has appointed Mr. Guang Wu as President of Operations, effective December 4, 2024, to enhance business development and operational efficiency.

Company Overview: Viomi focuses on AI-driven home water solutions, utilizing a unique "Equipment + Consumables" model to improve water quality and promote healthier lifestyles through innovative technology and efficient production processes.

Emerging Growth Conference Announcement: The 77th Emerging Growth Conference is scheduled for December 4 & 5, 2024, featuring presentations from various companies across growth sectors, focusing on their management teams and innovative products.

Participation and Engagement: Attendees can register for the conference, submit questions to presenting companies, and access sessions via video webcasts, aimed at fostering relationships between public companies and the investment community.

Investor Conference Participation: Viomi Technology Co., Ltd will present at the Sidoti November Virtual Investor Conference on November 13-14, 2024, with Mr. Sam Yang and Ms. Claire Ji leading the discussions and one-on-one meetings with investors.

Company Overview: Viomi specializes in AI-driven home water solutions, operating a "Water Purifier Gigafactory" to enhance water quality and promote healthier drinking water through innovative technology and a unique business model.

Share Repurchase Plan Extension: Viomi Technology has extended its share repurchase plan for an additional 12 months, allowing the company to buy back up to US$10 million worth of its American Depositary Shares (ADSs) until October 24, 2025.

Company Overview and Mission: Viomi focuses on providing AI-driven home water solutions, operating a "Water Purifier Gigafactory" that enhances efficiency in water purification and aims to meet the growing demand for cleaner drinking water globally.

Viomi Technology Conference Announcement: Viomi Technology Co., Ltd will present at the Emerging Growth Conference on October 30, 2024, inviting investors to engage with management during a live Q&A session.

Company Overview and Mission: Viomi focuses on AI-driven home water solutions, promoting cleaner drinking water through innovative technology and an efficient business model that enhances filter replacement and water quality monitoring.

Company Milestone and Employee Incentives: Viomi Technology Co., Ltd celebrated its 6th anniversary on Nasdaq by granting approximately 9 million stock options to nearly 40 employees, aiming to enhance motivation and innovation within the company.

Strategic Focus and Financial Outlook: Following a strategic reorganization, Viomi will concentrate on AI home water solutions, expecting full-year revenues between RMB1.7 billion and RMB1.9 billion, with a return to profitability in the first half of 2024.

Investor Day Highlights: Viomi Technology Co., Ltd held its 2024 Investor Day in Shunde, showcasing its advanced water purification technologies and the Water Purifier Gigafactory, while engaging with over twenty investors through Q&A sessions and product demonstrations.

Strategic Focus and Financial Performance: The company completed a strategic reorganization to concentrate on home water solutions, resulting in improved gross margins, reduced operating expenses, and positive net income, alongside a strong cash position and optimistic revenue guidance for the upcoming year.

Virtual Investor Conference Announcement: The Deutsche Bank Depositary Receipts Virtual Investor Conference (dbVIC) held on September 24-25, 2024, has made its presentations available for online viewing for 90 days.

Company Participation: Notable companies that presented include AstraZeneca, Marks & Spencer, and Carrefour, among others, showcasing a range of publicly traded entities across various stock exchanges.

Company Presentation at Investor Conference: Viomi Technology Co., Ltd will present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on September 25, 2024, where investors can engage with company representatives in real-time.

Recent Business Reorganization and Focus: The company has recently restructured its operations to concentrate on home water solutions, leveraging AI technology to enhance water quality and promote healthier drinking water options.

Deutsche Bank Investor Conference: Deutsche Bank will host its Depositary Receipts Virtual Investor Conference on September 24-25, featuring presentations from international companies with American Depositary Receipt programs, aimed at investors and analysts.

Participation Details: The conference is free to attend, with pre-registration suggested, and will include live Q&A sessions with company representatives from various countries including China, France, and the UK.

Completion of Business Transaction: Viomi Technology has successfully completed the divestment of certain businesses related to its IoT@Home portfolio, allowing the company to focus on its new mission "AI for Better Water" and enhance drinking water solutions globally.

Strategic Focus and Growth Plans: The company aims to leverage its Water Purifier Gigafactory and expand into international markets, with a commitment to sustainable financial health and profitable growth through innovative water purification technologies.

Financial Performance Overview: Viomi Technology reported a net income of RMB5.6 million for the first half of 2024, driven by a strategic focus on home water solutions which saw a revenue increase of 12.9%. The company also implemented rigorous cost control measures that led to a 19.2% reduction in operating expenses.

Business Reorganization and Future Strategy: The company announced a major reorganization aimed at divesting underperforming IoT businesses to concentrate on its core strength in water purification. Viomi plans to leverage AI technology to enhance customer experience and expand its market presence, particularly in North America and Southeast Asia.

Financial Performance: Viomi Technology reported a net income of RMB5.6 million for the first half of 2024, a significant turnaround from a net loss of RMB57.3 million in the same period last year, despite a decrease in total revenues to RMB1,040.2 million due to strategic shifts towards home water solutions.

Business Strategy and Innovation: The company is focusing on its core strengths in home water solutions and has initiated a major business reorganization to divest certain IoT products, aiming for sustainable growth while leveraging AI technology to enhance user experience in water purification.

Compliance with Nasdaq: Viomi Technology Co., Ltd has regained compliance with the Nasdaq Minimum Bid Price Requirement, as its American Depositary Shares (ADSs) have maintained a closing bid price of $1.00 or greater for ten consecutive business days from August 1 to August 15, 2024.

Company Overview: Viomi is a leading technology company specializing in home water solutions, utilizing AI to enhance drinking water quality and promote healthier lifestyles through innovative products and an efficient manufacturing process.

Earnings Call Announcement: Viomi Technology Co., Ltd will report its unaudited financial results for the six months ending June 30, 2024, on August 26, 2024, with a conference call scheduled for 8:00 A.M. ET.

Company Overview: Viomi is an IoT @ Home technology company in China, focusing on creating a smart home ecosystem through innovative IoT-enabled products and services to enhance consumer convenience and efficiency.

Strategic Divestiture: Viomi Technology Co., Ltd. is divesting its IoT@Home portfolio to focus on the home water solutions market, with a cash transaction of RMB65 million involving its founder and CEO, Mr. Xiaoping Chen. This move aims to streamline operations and enhance financial health by reallocating resources toward core water purification products.

Market Opportunities and Future Prospects: The global home water solutions market is projected to grow significantly, providing Viomi with an opportunity to capture market share as it leverages AI technology and expands production capabilities through its Water Purifier Gigafactory. The restructuring is expected to be completed by the end of August 2024, positioning Viomi for enhanced competitiveness in the industry.