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Viomi Technology Co., Ltd

Viomi Technology Co., Ltd

NASDAQ•VIOT
CEO: Mr. Xiaoping Chen
Sector: Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Listing Date: 2018-09-25
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, interactive smart screens (TVs), sweeper robots, smart locks, and other smart devices, as well as blenders. It also provides a suite of complementary consumable products and small appliances, such as portable fans, rice cookers, water quality meters, water filter pitchers, smart toilet, stainless-steel insulated water bottles, and food waste disposals; and value-added and installation services. The company sells its products directly to consumers through its online platform, Viomi mobile app, and e-commerce channels, including Youpin, JD.com, Tmall, Pinduoduo, and others, as well as offline experience stores. The company was founded in 2014 and is headquartered in Guangzhou, China.
Contact Information
Tower C, Xingang East Road, Room 1302 Wansheng Square Haizhu District, Guangzhou, 510220, China
86-20-8930-9496
ir.viomi.com
Market Cap
$99.72M
P/E (TTM)
5.8
25.2
Dividend Yield
5.1%
52W High
$4.33
52W Low
$1.22
52W Range
8%
Rank33Top 25.7%
4.8
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2025

Financial Dashboard

Q2 2025 Data

Revenue

$102.18M+42.06%
4-Quarter Trend

EPS

$0.12+1954.80%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Net Revenues Jump 29.3% Net revenues reached RMB 2.12 B (US$ 290.3 M) in 2024, driven by 39.0% growth in home water systems segment.
Return to Profitability Attributable net income was RMB 63.4 M in 2024, reversing RMB 84.7 M net loss reported in 2023, excluding discontinued operations.
IoT@Home Business Divested Completed 2024 reorganization, divesting IoT@Home business for RMB 65 M cash consideration in August 2024, focusing on core operations.
Strong Cash Position Ending cash and equivalents totaled RMB 1.17 B (US$ 159.9 M) as of December 31, 2024, indicating strong liquidity.

Risk Factors

Extreme Xiaomi Revenue Reliance Sales to Xiaomi accounted for 82.7% of total net revenues in 2024, posing significant operational risk from partner relationship changes.
Gross Margin Compression Gross margin fell to 25.9% in 2024 from 31.9% in 2023 due to increased cost of revenues and product mix shift.
Internal Control Deficiencies Management concluded internal control over financial reporting was not effective as of December 31, 2024, citing lack of sufficient accounting personnel.
VIE Structure Enforcement Risk Reliance on VIE contractual arrangements faces uncertainty regarding PRC regulatory interpretation and potential adverse enforcement actions.

Outlook

Focus on Home Water Solutions Future strategy centers on home water solutions, following divestiture of non-core IoT@Home portfolio products completed in August 2024.
Continued AI Technology Investment Expect continued investment in R&D, especially AI technology, to enhance product innovation and maintain competitive positioning in evolving markets.
Earnings Retention Policy Intends to retain most, if not all, future earnings to fund operations and expansion; no present regular dividend plan established.
Future Product Pipeline Plans to continue introducing innovative products, including the Kunlun 4 Pro Alkaline Mineral Water purifier launch scheduled for May 2025.

Peer Comparison

Revenue (TTM)

America's Car-Mart, Inc.CRMT
$1.14B
-15.9%
The Lovesac CompanyLOVE
$690.56M
+0.1%
Studio City International Holdings LimitedMSC
$687.15M
+9.5%

Gross Margin (Latest Quarter)

Inspired Entertainment, Inc.INSE
70.2%
+0.2pp
Studio City International Holdings LimitedMSC
68.1%
+3.2pp
The Lovesac CompanyLOVE
56.1%
-2.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
HBB$255.72M8.019.4%11.0%
INSE$252.84M4.9-921.7%77.4%
RCKY$242.42M11.78.6%28.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
12.2%
Steady Growth
4Q Net Income CAGR
171.4%
Profitability Improved
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 23, 2026
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EPS:-
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Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Sep 30, 2025|
    Revenue: $294.49M-15.0%
    |
    EPS: $0.30+273.2%
    Beat

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 25, 2024|
    Revenue: $352.11M+39.3%
    |
    EPS: $-0.17+68.9%
    Miss

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 25, 2023|
    Revenue: $480.23M-66.2%
    |
    EPS: $-0.59-414.3%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 27, 2022|
    Revenue: $822.30M-9.0%
    |
    EPS: $0.20-49.4%
    Beat

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 26, 2021|
    Revenue: $844.39M+25.3%
    |
    EPS: $0.36-40.7%
    Beat