Viomi Technology Co., Ltd
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About the company
Viomi Technology Co. , Ltd, operating through its subsidiaries, specializes in the development and distribution of smart home products that leverage Internet-of-Things (IoT) technology, primarily serving the market within the People's Republic of China. The company's extensive product portfolio encompasses a wide array of connected smart home devices.
- CEO
- Xiaoping Chen
- IPO
- 2018
- Employees
- 725
- HQ
- Guangzhou, GD, CN
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $47.60M
- P/E
- 2.22
- Fwd P/E
- 2.58
- PEG
- 0.02
- P/S
- 0.13
- P/B
- 0.22
- EV/EBITDA
- -2.05
- Div Yield
- 20.11%
- Gross Margin
- 25.33%
- Op Margin
- 5.29%
- Net Margin
- 5.65%
- ROE
- 8.89%
- ROIC
- 6.53%
Latest fiscal year · YoY change
- Revenue
- $2.36B+11.5%
- Gross Profit
- $598.24M+9.0%
- Op Income
- $83.27M
- Net Income
- $137.78M+117.3%
- EPS
- $2.04-4.2%
- OCF Growth
- -78.4%
- FCF Growth
- -83.6%
- 52W High
- $3.86
- 52W Low
- $0.66
- 50D MA
- $0.80
- 200D MA
- $1.37
- Beta
- 0.41
- RSI (14)
- 31
- Avg Volume
- 176.13K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Viomi reported full-year revenue growth and solid profits, but second-half revenue fell as domestic subsidy headwinds and overseas investment weighed on results while management leaned into global expansion and shareholder returns.· March 25, 2026
- Full-year revenue rose 14.6% to RMB 2.4 billion, with net income attributable to ordinary shareholders of RMB 141.6 million and a 5.8% net profit margin.
- Second-half revenue declined 25.9% year over year to RMB 950.6 million, mainly because of weaker home water system sales after the subsidy phase-down.
- Gross margin improved to 23.5% in the second half from 22.6% last year, helped by the removal of one-off divestiture-related costs.
- Overseas momentum was a bright spot: management said Amazon U.S. sales grew triple digits sequentially in 2H and expects triple-digit overseas revenue growth in 2026.
- The company continued returning cash, declaring a special dividend of USD 0.088 per ADS in July 2025, authorizing a USD 20 million repurchase program, and declaring another special dividend of RMB 31 million in the recent earnings release.
In the second half of 2025, net revenue was RMB 950.6 million, down 25.9% from RMB 1,282.4 million in the same period of 2024. Gross profit was RMB 223.8 million versus RMB 289.5 million a year ago, and gross margin was 23.5% versus 22.6%. Net income was RMB 21.2 million and non-GAAP net income was RMB 28.2 million. For the full year 2025, net revenue was RMB 2,428.2 million, up 14.6% from RMB 2,119 million in 2024. Full-year gross profit was RMB 615 million and gross margin was 25.3% versus 25.9% in 2024; net income attributable to ordinary shareholders was RMB 141.6 million and non-GAAP net income attributable to ordinary shareholders was RMB 155.7 million. Management said domestic market demand will face challenges in the first half of 2026 because of the subsidy base effect, but expects water purifier demand to normalize in 2026 and said overseas revenue should grow at a triple-digit rate in 2026.
The CEO framed 2025 as a year of strategic building blocks: expanding the global water strategy, building local teams in North America, Southeast Asia, and Europe, and pushing AI and product innovation. He highlighted progress in the U.S. and Malaysia, the overseas premium production line at the gigafactory, and more than 1,950 patent applications across 14 countries and regions. His tone was confident but realistic, emphasizing that overseas expansion, own-brand growth, consumables, and broader product categories are the main levers for improving profitability over time.
The CFO focused on the financial hit from weaker domestic water system sales and higher brand-building spend. Second-half revenue declined to RMB 950.6 million, while gross profit fell to RMB 223.8 million; gross margin improved to 23.5% because of the removal of one-off divestiture costs. Operating expenses rose 12% to RMB 248 million, including R&D of RMB 76.3 million, selling and marketing of RMB 148.6 million, and G&A of RMB 23.1 million. The balance sheet remained healthy with cash and cash equivalents of RMB 806.6 million, restricted cash of RMB 164.4 million, short-term deposits of RMB 258 million, and short-term investments of RMB 82.6 million.
Analysts focused on overseas brand development, the impact of China’s subsidy phase-down, and the path to better profitability. Management said the U.S. strategy will involve differentiated brands and a push into offline channels, while Malaysia remains more offline-focused with localized countertop products. On margins, management said profitability should improve as overseas branded sales scale, consumables from installed purifiers start contributing 1 to 2 years after equipment sales, and higher-margin products such as whole-home nutrition systems and multifunction countertop units gain share. Management also said the China Gas and ENN partnerships are in a pilot year for 2026 and could open efficient access to lower-tier markets.
Viomi is showing clear progress in overseas channels, especially on Amazon U.S., and management expects triple-digit overseas revenue growth in 2026. The company also has multiple potential margin levers: more own-brand sales, future consumables revenue, and a broader product mix with higher-margin categories.
Second-half results were pressured by the subsidy phase-down and a sharp decline in home water system revenue, and management said the domestic market will still face challenges in the first half of 2026. Management also acknowledged geopolitical uncertainty overseas and noted that a meaningful part of the business remains tied to key customers such as Xiaomi, which limits how quickly the company can fully decouple from legacy demand patterns.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 39.2%
- Shares Outstanding
- 68.00M
- Float Shares
- 26.63M
of shares held by institutions
30 13F filers
Congressional trading
Senate and House stock disclosures for VIOT, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Tom MalinowskiHouse · NJ07 | Buy | Apr 8, 19 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Point72 Hong Kong Ltd | 218.48K | ▲ 218.48K |
| Two Sigma Advisers, LP | 27.60K | ▼ 22.90K |
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Mar 17, 26 | LI JUN | other | 0 |
| Mar 17, 26 | Chen Xiaoping | other | 0 |
| Mar 17, 26 | Chen Xiaoping | other | 0 |
| Mar 17, 26 | Chen Xiaoping | other | 0 |
| Mar 17, 26 | Chen Xiaoping | other | 0 |
| Mar 17, 26 | Chen Xiaoping | other | 1,000,000 |
| Mar 17, 26 | Wu Weijiang | other | 0 |
| Mar 17, 26 | Sun (SQ) Qian | other | 0 |
| Mar 17, 26 | Zhang Jinling | other | 0 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our VIOT coverage
Recent articles, reports, and earnings notes.
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Viomi Technology Co., Ltd (VIOT) Q4 2025 Earnings Call Transcript
seekingalpha.com · Mar 25
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