Viomi Technology Co., Ltd, operating through its subsidiaries, specializes in the development and distribution of smart home products that leverage Internet-of-Things (IoT) ...
Viomi Technology Co., Ltd (NASDAQ: VIOT) is headquartered in Guangzhou, China, and was founded in 2014. The company’s stated mission is “AI for Better Water,” reflecting its focus on improving household drinking-water and whole-home water experiences using AI and IoT technologies. Viomi is often described as a pioneer in “one-stop ...Viomi Technology Co., Ltd (NASDAQ: VIOT) is headquartered in Guangzhou, China, and was founded in 2014. The company’s stated mission is “AI for Better Water,” reflecting its focus on improving household drinking-water and whole-home water experiences using AI and IoT technologies. Viomi is often described as a pioneer in “one-stop AIoT@Home solutions,” aiming to connect multiple home appliances and water-related devices into an integrated user experience.
From a product and service perspective, Viomi’s portfolio centers on smart home water purification and related systems, such as advanced smart water purifiers and other household water solutions. In addition to water devices, the company provides a range of smart kitchen and home appliances—examples include connected refrigerators, oven steamers, dishwashers, range hoods, and gas stoves—as well as complementary offerings such as air conditioners, washing machines, water heaters, smart kettles, robotic vacuum cleaners, smart locks, and smart televisions. The company also sells consumables and smaller household gadgets (e.g., filters/water-related accessories and other peripherals) that support ongoing product usage.
Viomi’s go-to-market strategy combines direct-to-consumer online sales (via its proprietary website platform and mobile application) with distribution through major Chinese e-commerce channels such as Youpin, JD.com, Tmall, Pinduoduo, and Suning. It also maintains offline experience stores to support product trials and retail presence. This hybrid approach typically supports demand generation across different customer segments—online for broader reach and offline for conversion and trust building, particularly for hardware products involving installation and water performance.
Cost and BOM considerations for a hardware/IoT-oriented company like Viomi generally include the sourcing of sensors and actuators, filtration and water-treatment components, smart-control modules (including connectivity and processing hardware), appliance-grade mechanical parts, and device assembly/testing. For such products, engineering and quality-control costs (including reliability testing for water systems) and ongoing software/AI development costs are also important. While specific cost breakdowns are not provided in the extracts, the company’s IoT focus implies recurring development and maintenance of firmware/app experiences and backend services.
Financially, Viomi operates as a public NASDAQ-listed company (IPO in 2018) with reported operational metrics typical of consumer electronics/hardware businesses: margins depend on product mix, component input costs, and sales channel effectiveness. Efficient working-capital management (inventory and receivables/payables cycles) is particularly relevant for appliance manufacturers and device vendors.
Key people include founder and CEO Xiaoping Chen, who has served as chairman of the board of directors and chief executive officer since the company’s inception. The company’s strategic narrative emphasizes AI-enabled water solutions and broader smart-home integration, suggesting an emphasis on improving customer experience through connected devices and data-driven optimization. Overall, Viomi’s “AI for Better Water” mission, coupled with a wide connected-appliance catalog and omnichannel distribution, positions it as a home-water and AIoT@Home-focused consumer technology company.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$2.4B
+11.5%
+55.7%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$137.8M
+117.3%
-518.8%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+25.3%
-2.2%
+2.0%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+3.5%
-52.2%
-771.4%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+5.8%
+94.9%
-369.0%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$113.0M
-83.6%
—
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.8%
-85.3%
—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
7.8%
-29.5%
+1.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.60x
+25.4%
-2.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, ladies and gentlemen, thank you for standing by for Viomi Technology Co., Limited's Earnings Conference Call for the second half and full year of 2025. [Operator Instructions] Today's conference call is being recorded. I will now turn the call over to your host, Ms. Claire Ji, the IR Director of the company. Please go ahead, Claire.
Claire Ji: Hello, everyone, and welcome to Viomi Technology Company Limited's Earnings Conference Call for the second half and full year of 2025. As a reminder, this conference is being recorded. The company's financial and operating results [indiscernible] posted online. You can download the earnings press release and sign up for the company's e-mail distribution led by visits IR section of the company's website at ir.viomi.com. Participating in today's call are Mr. Xiaoping Chen, the Founder, Chairman of the Board of Directors and Chief Executive Officer; and Sam Yang, the Head of our Capital and Investment Department. The company's management will begin with prepared remarks, and the call will conclude with a Q&A session. Before we continue, please note that the company's discussion will contain forward-looking statements. made uncertain safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, the company's actual results may be materially different from the views expressed today. Further information regarding statements and other risks and uncertainties is included in the company's annual report on Form 20-F and undergoing a sale with U.S. Securities and Exchange Commission. The company does not assume any obligation to update any forward-looking statements, except as required by law. Let's also note that Viomi's earnings press release and this conference call include discussions of noted GAAP financial information as well as unaudited non-GAAP financial measures. In addition, Viomi's press release contains the recognition of not unaudited non-GAAP measures to unaudited most directly comparable GAAP measures. I'll now turn the call over to our founder, Mr. Xiaoping Chen. Mr. Chen will deliver his remarks in Chinese followed immediately by English translation. Mr. Chen, please go ahead.
Xiaoping Chen: [Foreign Language].
Claire Ji: Thank you, Mr. Chen, and I'll quickly translate our founder's remarks before discussing our financial performance. Hello, everyone. Thank you for joining us today on our earnings conference call for the second half and full year of 2025. In the second half of 2025, amid the phasedown of the national subsidy gain for home appliance trading and the company's strategic investments in overseas market dimensions, new product development and brand building, we delivered total revenue of RMB 951 million and the net income attributable to ordinary shareholders of the company of RMB 21.2 million. For the full year, our core business remained solid, achieving total …
