Welcome to our dedicated page for Viomi Technology Co., Ltd. news (Ticker: VIOT), a resource for investors and traders seeking the latest updates and insights on Viomi Technology Co., Ltd. stock.
Viomi Technology Co., Ltd (VIOT) drives innovation in IoT-enabled smart home ecosystems and AI-powered water purification systems. This dedicated news hub provides investors and industry observers with essential updates on corporate developments, technological breakthroughs, and market positioning strategies.
Access real-time announcements including quarterly earnings reports, product launch details, strategic partnerships, and operational milestones. Our curated collection ensures you stay informed about VIOT's advancements in smart kitchen appliances, water filtration technologies, and IoT platform expansions.
Key updates cover R&D investments, manufacturing optimizations at Viomi's Gigafactory, and consumer-focused innovations in home automation. Bookmark this page for verified information directly from corporate communications and trusted financial analysis sources.
Viomi Technology (NASDAQ: VIOT) reported strong financial results for 2024, with full-year net revenues increasing 29.3% to RMB2,119.0 million (US$290.3 million). The company achieved a significant turnaround, posting a net income of RMB62.3 million compared to a net loss of RMB89.3 million in 2023.
Following a strategic reorganization in August 2024, Viomi divested its IoT@Home portfolio to focus on core home water solutions. Home water systems revenue grew 39.0% year-over-year, while income from operations rose 42.0% to RMB156.3 million.
Key developments include the launch of the Viomi Kunlun Mineral AI Water Purifier in China and the Vortex series under-the-sink RO water purifiers in North America. The company's Water Purifier Gigafactory features 100% in-house manufacturing and has filed nearly 1,800 global patent applications.
Viomi Technology Co (NASDAQ: VIOT), a leading technology company for home water solutions in China, has scheduled its financial results announcement for the second half and full year 2024. The results will be released on Tuesday, March 25, 2025, before U.S. markets open.
The company will host an earnings conference call at 8:00 A.M. Eastern Time (8:00 P.M. Beijing/Hong Kong time) on the same day. Participants can join via dial-in numbers after completing online registration. A live and archived webcast will be available on the company's investor relations website, with the replay accessible for 12 months following the live session.
VIOMI unveiled two revolutionary water purifiers at CES 2025: the Vortex 8 and Kunlun. The Vortex 8, now available on Amazon, features 0.0001 micron RO filtration precision, removing contaminants like PFOA, PFOS, and microplastics. It boasts a 3:1 wastewater ratio, a 4-year long-life filter, and a tankless integrated design.
The Kunlun Water Purifier enriches water with six essential minerals (strontium, potassium, sodium, calcium, magnesium, and metasilicic acid) through a 7-layer filtration system. It features a 1200G high-volume flow rate and a smart faucet for real-time water quality monitoring.
Viomi Technology (NASDAQ: VIOT), a leading Chinese home water solutions company, has appointed Guang Wu as President of Operations, effective December 4, 2024. Wu brings over 20 years of experience in business development and marketing in the home appliances industry, previously serving as VP and GM of Domestic Marketing at Sleemon Group and managing domestic marketing for Midea Group's Living Appliance Division.
CEO Xiaoping Chen highlighted that Viomi completed its strategic transformation in 2024, focusing on home water solutions and achieving profitability. The company aims to strengthen its channels and promote sustainable growth in 2025, leveraging Wu's extensive experience and leadership.
Viomi Technology Co (NASDAQ: VIOT), a leading Chinese home water solutions technology company, has announced its participation in the upcoming Sidoti November Virtual Investor Conference. Mr. Sam Yang, Head of Capital and Strategy, and Ms. Claire Ji, Director of Investor Relations, will represent the company at the event scheduled for November 13-14, 2024.
The company's presentation is set for Wednesday, November 13, from 8:30 am to 9:00 am Eastern Time. Additionally, Viomi will conduct virtual one-on-one meetings with investors during both conference days. The event is free and open to all investors and financial professionals, with registration available through the Sidoti website.
Viomi Technology (NASDAQ: VIOT), a leading Chinese home water solutions company, has announced a 12-month extension of its share repurchase program. The plan, initially approved in October 2022 for up to US$10 million worth of American Depositary Shares (ADSs), will now extend through October 24, 2025. To date, the company has repurchased US$901,258 worth of ADSs in the open market. The company will continue funding the repurchases using its existing cash balance.
Viomi Technology Co., (NASDAQ: VIOT), a leading Chinese home water solutions company, will present at the Emerging Growth Conference on October 30, 2024. The live, interactive presentation will feature Mr. Sam Yang, Head of Capital and Strategy, and Ms. Claire Ji, Director of Investor Relations.
The event, scheduled from 9:05 am to 9:35 am Eastern Time, offers investors, advisors, and analysts an opportunity to engage with Viomi's management team. Participants can submit questions in advance or during the Q&A session. Those unable to attend can access an archived webcast on EmergingGrowth.com and their YouTube channel.
To participate, interested parties should register through the provided Conference Registration link. This presentation allows Viomi to showcase its strategy and business to existing shareholders and the investment community.
Viomi Technology Co., (NASDAQ: VIOT), a leading Chinese home water solutions company, celebrated its 6th Nasdaq listing anniversary on September 25, 2024. To mark this, the Company granted 9 million stock options to nearly 40 employees under its 2018 Share Incentive Plan, targeting key staff in R&D, sales, and marketing. This move aims to boost employee motivation and innovation.
CEO Xiaoping Chen highlighted Viomi's success in attracting global talent and securing over 1,600 water purification patents. The company plans to focus on developing AI products and water purification solutions globally. Following a strategic reorganization on August 31, 2024, Viomi is concentrating on AI home water solution businesses. The company returned to profitability in H1 2024 and projects full-year revenues for Continuing Businesses between RMB1.7-1.9 billion, with expected operating income of RMB110-130 million.
Viomi Technology Co., (NASDAQ: VIOT) held its 2024 Investor Day on September 26, 2024, in Shunde, Foshan. The event included visits to Viomi Tech Park, intelligent home water solutions experience spaces, and the Water Purifier Gigafactory. Investors learned about Viomi's 10-year history of technological breakthroughs in water purification, including tankless large-flux purifiers and ERO electrodialysis technology.
The company showcased its Kunlun Mineral AI Water Purifier, which uses innovative mineralizing filter technology. Viomi's Water Purifier Gigafactory impressed investors with its annual production capacity of 5 million water purifiers and 30 million filter cartridges. The company recently completed a major strategic reorganization, focusing on home water solutions. Viomi reported improved financial performance for H1 2024, with gross margin increasing to 24.8% and achieving a net income of RMB5.6 million.
Viomi Technology Co., (NASDAQ: VIOT) has announced the successful completion of its previously disclosed divestment of certain IoT@Home businesses and assets. This strategic move aligns with the company's new mission, 'AI for Better Water,' focusing on utilizing AI technology to enhance drinking water solutions globally.
CEO Xiaoping Chen highlighted the company's improved earnings in the first half of 2024, attributing it to the rigorous implementation of their 'Focus' strategy. Moving forward, Viomi will concentrate on its home water solution businesses, leveraging its Water Purifier Gigafactory's competitive advantages. The company aims to expand into key overseas markets, advancing its global strategy and vision of 'Global Water.'
This reorganization is expected to position Viomi for sustainable financial health and profitable growth, ultimately benefiting both users and shareholders.
