Viomi Technology Co., Ltd Reports First Quarter 2021 Unaudited Financial Results
Viomi Technology Co., Ltd. (NASDAQ: VIOT) reported a strong Q1 2021 with net revenues reaching RMB1,255.6 million (US$191.6 million), a 64.0% year-over-year increase. Gross margin improved to 21.1%, up from 18.8% in Q1 2020. Net income attributable to ordinary shareholders surged by 173.2% to RMB49.1 million (US$7.5 million). The company expanded its IoT product offerings and successfully launched new AI-based products such as water purifiers and smart toilets. Looking ahead, Viomi expects Q2 2021 net revenues between RMB1.72 billion and RMB1.85 billion, representing 2.1% to 9.8% growth.
- Net revenues increased by 64.0% year-over-year to RMB1,255.6 million (US$191.6 million).
- Gross margin improved to 21.1%, up from 18.8% in Q1 2020.
- Net income attributable to ordinary shareholders rose by 173.2% to RMB49.1 million (US$7.5 million).
- Non-GAAP net income increased by 106.8% to RMB65.3 million (US$10.0 million).
- Cumulative household users reached approximately 5.6 million, a significant increase from 3.7 million in Q1 2020.
- Revenues from home water solutions decreased by 4.0% to RMB103.8 million (US$15.8 million).
- Operating expenses rose by 63.8% to RMB219.8 million (US$33.6 million).
- Selling and marketing expenses increased by 110.8%, attributed to prior low spending during COVID-19.
Net revenues increased by
Gross margin increased to
GUANGZHOU, China, May 27, 2021 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a leading IoT @ Home technology company in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.
First Quarter 2021 Financial and Operating Highlights
- Net revenues reached RMB1,255.6 million (US
$191.6 million ), an increase of64.0% from the first quarter of 2020. - Gross margin was
21.1% , compared to18.8% for the first quarter of 2020. - Net income attributable to ordinary shareholders of the Company increased by
173.2% to RMB49.1 million (US$7.5 million ) from RMB18.0 million for the first quarter of 2020. - Non-GAAP net income attributable to ordinary shareholders of the Company1 increased by
106.8% to RMB65.3 million (US$10.0 million ) from RMB31.6 million for the first quarter of 2020. - Number of cumulative household users reached to approximately 5.6 million, compared to approximately 5.1 million as of the end of 2020 and approximately 3.7 million as of the end of the first quarter of 2020.
- Percentage of household users with at least two connected products reached
20.4% , compared to20.0% as of the end of 2020 and18.4% as of the end of the first quarter of 2020.
1 “Non-GAAP net income attributable to ordinary shareholders of the Company” is defined as net income attributable to ordinary shareholders of the Company excluding share-based compensation expenses. See “Reconciliation of GAAP and Non-GAAP Results” at the end of this press release.
“We started 2021 with an all-around robust performance in the first quarter. Leveraging the optimization of our product portfolio, new product sales growth and enhanced brand recognition, we delivered strong net revenues that exceeded our previous guidance, increasing
“Our continued growth over the past several years has been driven by continuous optimization of our IoT products and holistic IoT solutions, through innovation and integration of cross-boundary technologies, alongside a deep understanding of our users’ needs. We remain focused on AI applications across our product portfolio and have introduced a series of strategic new AI-based products, including water purifiers, smart toilets, water heaters, range hoods, gas stoves and air conditioners, among others. Our products are designed with an eye on health care, smartification, home security and natural AI voice interactions. Some new products, equipped with sensors and supported by AI algorithms, are able to collect home and human health data with users’ consent,” Mr. Chen added.
“In addition, we focused our resources on developing key product categories and rolled out more differentiated and industry-leading products. Following our introduction of a series of premium large-flux water purifiers, we launched a mineral water purifier, EROx, which retains beneficial minerals for human health during the purification process to meet high-end users’ needs. We have accumulated a significant number of innovative technologies and patents in the area of water purification, with more than 700 registered patents as of the end of the first quarter. Some of these patents have been awarded the China Excellent Patent Award, authorized by China National Intellectual Property Administration and World Intellectual Property Organization, as well as recognized by China Association for Quality Inspection and other authorities.
“First quarter growth was also attributable to our overseas market expansion. Our sweeper robot business which launched in the fourth quarter of last year has developed rapidly in Mid Europe, Southeast Asia, Korea, Australia and other regions and expanded to North Europe and additional Asian countries this year. We plan to expand to North American markets and channels in the second half of this year. The new sweeper robot products with differentiated functionalities we introduced earlier have been welcomed by domestic and global markets, and are expected to continue driving sales in overseas channels.
“Looking ahead at the rest of 2021, we will continue to optimize our IoT product portfolio with a focus on AI application and technology innovation, strengthen our brand recognition through additional effective marketing and advertising tools, and improve our IoT home services including sales, experience, after-sale and installation services, enhancing overall 5G IoT home system and user experience while maintaining our leading position in the IoT home industry and bringing long-term shareholder value,” concluded Mr. Chen.
First Quarter 2021 Financial Results
REVENUE
Net revenues increased by
- IoT @ Home portfolio. Revenues from IoT @ Home portfolio increased by
111.5% to RMB919.2 million (US$140.3 million ) from RMB434.7 million for the first quarter of 2020. The growth was primarily driven by sustained sales increases for certain new product series, in particular Viomi-branded sweeper robots and smart kitchen products.
- Home water solutions. Revenues from home water solutions decreased by
4.0% to RMB103.8 million (US$15.8 million ) from RMB108.0 million for the first quarter of 2020. The decline was primarily due to the decreases in average selling prices of Xiaomi-branded water purifier products. This was partially offset by the successful introduction and increased sales of a new series of Viomi-branded water purifier products, which narrowed the year-over-year decline for home water solutions, compared to previous quarters.
- Consumables. Revenues from consumables are RMB64.8 million (US
$9.9 million ), compared to RMB65.0 million for the first quarter of 2020. - Small appliances and others. Revenues from small appliances and others increased by
6.4% to RMB167.8 million (US$25.6 million ) from RMB157.8 million for the first quarter of 2020.
GROSS PROFIT
Gross profit increased by
OPERATING EXPENSES
Total operating expenses increased by
Research and development expenses increased by
Selling and marketing expenses increased by
General and administrative expenses increased by
INCOME FROM OPERATIONS
Income from operations increased by
Non-GAAP operating income2, which excludes the impact of share-based compensation expenses, increased by
2 “Non-GAAP operating income” is defined as income from operation excluding share-based compensation expenses. See “Reconciliation of GAAP and Non-GAAP Results” at the end of this press release.
NET INCOME
Net income attributable to ordinary shareholders of the Company increased by
Non-GAAP net income attributable to ordinary shareholders of the Company increased by
BALANCE SHEET
As of March 31, 2021, the Company had cash and cash equivalents of RMB906.3 million (US
RECENT DEVELOPMENT
The Company has appointed Mr. Xiufei (Bob) Bao as its president, effective on May 24, 2021. Prior to joining Viomi, Mr. Bao served as the general manager of Beingmate Baby & Child Food Co., Ltd., from July 2018 to January 2021. Mr. Bao received his EMBA degree from Zhejiang University in 2011, and his bachelor’s degree from Anhui University of Finance and Economics in 1991.
Mr. Chen commented, “With the rapid consumption upgrade and evolving user needs, users are keen on brands that are fashionable and of good quality. In order to promote our “3511” long-term strategy and further develop us as the trending brand in IoT home area, we warmly welcome Bob to join Viomi as our president. We believe Bob will bring new energy and insights to our branding development with his extensive experience in the consumer industry.”
OUTLOOK
For the second quarter of 2021, the Company currently expects:
- Net revenues to be between RMB1.72 billion and RMB1.85 billion, representing a year-over-year growth of approximately
2.1% to9.8% .
The above outlook is based on the current market conditions and reflects the Company’s current and preliminary estimates of market and operating conditions and customer demand, which are all subject to change.
Conference Call
The Company’s management will host a conference call at 8:00 a.m. Eastern Time on Thursday, May 27, 2021 (8:00 p.m. Beijing/Hong Kong time on May 27, 2021) to discuss financial results and answer questions from investors and analysts. Listeners may access the call by dialing:
| United States (Toll Free): | +1-888-346-8982 |
| International: | +1-412-902-4272 |
| Mainland China (Toll Free): | 400-120-1203 |
| Hong Kong (Toll Free): | 800-905-945 |
| Hong Kong: | +852-3018-4992 |
| Conference ID: | 10156541 |
A telephone replay will be available one hour after the call until June 3, 2021 by dialing:
| United States: | +1-877-344-7529 |
| International: | +1-412-317-0088 |
| Replay Passcode: | 10156541 |
Additionally, a live and archived webcast of the conference call will be available at http://ir.viomi.com.
About Viomi Technology
Viomi’s mission is to redefine the future home via the concept of IoT @ Home.
Viomi has developed a unique IoT @ Home platform consisting an ecosystem of innovative IoT-enabled smart home products, together with a suite of complementary consumable products and value-added businesses. This platform provides an attractive entry point into the consumer home, enabling consumers to intelligently interact with a broad portfolio of IoT products in an intuitive and human-like manner to make daily life more convenient, efficient and enjoyable, while allowing Viomi to grow its household user base and capture various additional scenario-driven consumption events in the home environment.
For more information, please visit: http://ir.viomi.com.
Use of Non-GAAP Measures
The Company uses non-GAAP operating income, non-GAAP net income, non-GAAP net income attributable to the Company, non-GAAP net income attributable to ordinary shareholders, non-GAAP basic and diluted net income per ordinary share and non-GAAP basic and diluted net income per American depositary share (“ADS”), which are non-GAAP financial measures, in evaluating its operating results and for financial and operational decision-making purposes. Non-GAAP operating income is income from operations excluding share-based compensation expenses. Non-GAAP net income is net income excluding share-based compensation expenses. Non-GAAP net income attributable to the Company is net income attributable to the Company excluding share-based compensation expenses. Non-GAAP net income attributable to ordinary shareholders is net income attributable to ordinary shareholders excluding share-based compensation expenses. Non-GAAP basic and diluted net income per ordinary share is non-GAAP net income attributable to ordinary shareholders divided by weighted average number of ordinary shares used in the calculation of non-GAAP basic and diluted net income per ordinary share. Non-GAAP basic and diluted net income per ADS is non-GAAP net income attributable to ordinary shareholders divided by weighted average number of ADS used in the calculation of non-GAAP basic and diluted net income per ADS. The non-GAAP adjustments do not have any tax impact as share-based compensation expenses are non-deductible for income tax purpose.
The Company believes that non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, which are non-cash charges, and these measures provide useful information about the Company’s operating results, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.
Non-GAAP financial measures should not be considered in isolation or construed as alternative to income from operations, net income, or any other measure of performance or as an indicator of the Company’s operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. We encourage investors and others to review its financial information in its entirety and not rely on a single financial measure. Reconciliations of the Company’s non-GAAP financial measures to the most directly comparable GAAP measures are included at the end of this press release.
Exchange Rate
The Company’s business is primarily conducted in China and the significant majority of revenues generated are denominated in Renminbi (“RMB”). This announcement contains currency conversions of RMB amounts into U.S. dollars (“US$”) solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.5518 to US
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as Viomi’s strategic and operational plans, contain forward-looking statements. Viomi may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to Fourth parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; the cooperation with Xiaomi, the recognition of the Company’s brand; trends and competition in global IoT-enabled smart home market; development and commercialization of new products, services and technologies; governmental policies relating to the Company’s industry and general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
Viomi Technology Co., Ltd
Cecilia Li
E-mail: ir@viomi.com.cn
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: viomi@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: viomi@tpg-ir.com
| VIOMI TECHNOLOGY CO., LTD UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except shares, ADS, per share and per ADS data) | ||||||
| As of December 31, | As of March 31, | |||||
| 2020 | 2021 | 2021 | ||||
| RMB | RMB | US$ | ||||
| Assets | ||||||
| Current assets | ||||||
| Cash and cash equivalents | 504,108 | 906,342 | 138,335 | |||
| Restricted cash | 70,601 | 45,192 | 6,898 | |||
| Short-term deposits | - | 97,670 | 14,907 | |||
| Short-term investments | 696,051 | 596,929 | 91,109 | |||
| Accounts and notes receivable from third parties (net of allowance of RMB9,246 and RMB8,711, as of December 31, 2020 and March 31, 2021, respectively) | 427,352 | 262,869 | 40,122 | |||
| Accounts receivable from a related party (net of allowance of RMB61 and RMB27 as of December 31, 2020 and March 31, 2021, respectively) | 609,094 | 272,918 | 41,655 | |||
| Other receivables from related parties (net of allowance of RMB9 and RMB4 as of December 31, 2020 and March 31, 2021, respectively) | 88,038 | 35,268 | 5,383 | |||
| Inventories | 439,375 | 592,076 | 90,368 | |||
| Prepaid expenses and other current assets | 87,280 | 128,255 | 19,575 | |||
| Long-term deposits-current portion | 10,000 | 10,000 | 1,526 | |||
| Total current assets | 2,931,899 | 2,947,519 | 449,878 | |||
| Non-current assets | ||||||
| Prepaid expenses and other non-current assets | 19,803 | 27,743 | 4,237 | |||
| Property, plant and equipment, net | 72,436 | 67,529 | 10,307 | |||
| Deferred tax assets | 14,189 | 16,056 | 2,451 | |||
| Intangible assets, net | 7,681 | 7,550 | 1,152 | |||
| Right-of-use assets, net | 20,529 | 25,315 | 3,864 | |||
| Land use rights, net | 62,982 | 62,676 | 9,566 | |||
| Long-term deposits-non-current portion | 50,000 | 50,000 | 7,631 | |||
| Total non-current assets | 247,620 | 256,869 | 39,208 | |||
| Total assets | 3,179,519 | 3,204,388 | 489,086 | |||
| Liabilities and shareholders’ equity | ||||||
| Current liabilities | ||||||
| Accounts and notes payable | 1,001,371 | 1,128,146 | 172,189 | |||
| Advances from customers | 112,613 | 91,306 | 13,937 | |||
| Amount due to related parties | 124,192 | 47,852 | 7,304 | |||
| Accrued expenses and other liabilities | 335,488 | 256,187 | 39,102 | |||
| Income tax payables | 50,962 | 48,628 | 7,422 | |||
| Lease liabilities due within one year | 9,481 | 11,355 | 1,733 | |||
| Total current liabilities | 1,634,107 | 1,583,474 | 241,687 | |||
| Non-current liabilities | ||||||
| Accrued expenses and other liabilities | 3,400 | 2,889 | 441 | |||
| Lease liabilities | 11,693 | 14,201 | 2,167 | |||
| Total non-current liabilities | 15,093 | 17,090 | 2,608 | |||
| Total liabilities | 1,649,200 | 1,600,564 | 244,295 | |||
| VIOMI TECHNOLOGY CO., LTD UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (All amounts in thousands, except shares, ADS, per share and per ADS data) | |||||||||
| As of December 31, | As of March 31, | ||||||||
| 2020 | 2021 | 2021 | |||||||
| RMB | RMB | US$ | |||||||
| Shareholders’ equity | |||||||||
| Class A Ordinary Shares (US | 6 | 6 | 1 | ||||||
| Class B Ordinary Shares (US | 6 | 6 | 1 | ||||||
| Treasury stock | (54,600 | ) | (54,600 | ) | (8,334 | ) | |||
| Additional paid-in capital | 1,278,004 | 1,299,789 | 198,387 | ||||||
| Retained earnings | 363,051 | 410,410 | 62,641 | ||||||
| Accumulated other comprehensive loss | (59,384 | ) | (55,288 | ) | (8,439 | ) | |||
| Total equity attributable to shareholders of the Company | 1,527,083 | 1,600,323 | 244,257 | ||||||
| Non-controlling interests | 3,236 | 3,501 | 534 | ||||||
| Total shareholders’ equity | 1,530,319 | 1,603,824 | 244,791 | ||||||
| Total liabilities and shareholders’ equity | 3,179,519 | 3,204,388 | 489,086 | ||||||
| VIOMI TECHNOLOGY CO., LTD UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (All amounts in thousands, except shares, ADS, per share and per ADS data) | |||||||
| Three Months Ended | |||||||
| March 31, 2020 | March 31, 2021 | March 31, 2021 | |||||
| RMB | RMB | US$ | |||||
| Net revenues: | |||||||
| A related party | 404,979 | 585,869 | 89,421 | ||||
| Third parties | 360,527 | 669,723 | 102,220 | ||||
| Total net revenues | 765,506 | 1,255,592 | 191,641 | ||||
| Cost of revenues (including RMB14,593 and RMB1,922 with related parties for the three months ended March 31, 2020 and 2021, respectively) | (621,540 | ) | (990,571 | ) | (151,191 | ) | |
| Gross profit | 143,966 | 265,021 | 40,450 | ||||
| Operating expenses(1) | |||||||
| Research and development expenses (including RMB596 and RMB750 with a related party for the three months ended March 31, 2020 and 2021, respectively) | (59,261 | ) | (65,601 | ) | (10,013 | ) | |
| Selling and marketing expenses (including RMB8,080 and RMB13,004 with related parties for the three months ended March 31, 2020 and 2021, respectively) | (65,470 | ) | (138,024 | ) | (21,067 | ) | |
| General and administrative expenses | (9,458 | ) | (16,204 | ) | (2,473 | ) | |
| Total operating expenses | (134,189 | ) | (219,829 | ) | (33,553 | ) | |
| Other income, net | 2,741 | 1,894 | 289 | ||||
| Income from operations | 12,518 | 47,086 | 7,186 | ||||
| Interest income and short-term investment income, net | 5,336 | 6,518 | 995 | ||||
| Other non-operating income | 90 | 633 | 97 | ||||
| Income before income tax expenses | 17,944 | 54,237 | 8,278 | ||||
| Income tax expenses | (126 | ) | (4,859 | ) | (742 | ) | |
| Net income | 17,818 | 49,378 | 7,536 | ||||
| Less: Net income (loss) attributable to the non-controlling interest shareholder | (157 | ) | 264 | 40 | |||
| Net income attributable to ordinary shareholders of the Company | 17,975 | 49,114 | 7,496 | ||||
| VIOMI TECHNOLOGY CO., LTD UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (CONTINUED) (All amounts in thousands, except shares, ADS, per share and per ADS data) | ||||
| Three Months Ended | ||||
| March 31, 2020 | March 31, 2021 | March 31, 2021 | ||
| RMB | RMB | US$ | ||
| Net income attributable to the Company | 17,975 | 49,114 | 7,496 | |
| Other comprehensive (loss) income, net of tax | ||||
| Foreign currency translation adjustment | 11,314 | 4,096 | 625 | |
| Total comprehensive income attributable to the Company | 29,289 | 53,210 | 8,121 | |
| Net income per share attributable to ordinary shareholders of the Company | ||||
| -Basic | 0.09 | 0.24 | 0.04 | |
| -Diluted | 0.08 | 0.22 | 0.03 | |
| Weighted average number of ordinary shares used in calculating net income per share | ||||
| -Basic | 209,304,658 | 207,876,562 | 207,876,562 | |
| -Diluted | 215,830,463 | 223,072,146 | 223,072,146 | |
| Net income per ADS* | ||||
| -Basic | 0.26 | 0.71 | 0.11 | |
| -Diluted | 0.25 | 0.66 | 0.10 | |
| Weighted average number of ADS used in calculating net income per ADS | ||||
| -Basic | 69,768,219 | 69,292,187 | 69,292,187 | |
| -Diluted | 71,943,488 | 74,357,382 | 74,357,382 | |
| *Each ADS represents 3 ordinary shares. | ||||
| (1) Share-based compensation was allocated in operating expenses as follows: |
| Three Months Ended | ||||
| March 31, 2020 | March 31, 2021 | March 31, 2021 | ||
| RMB | RMB | US$ | ||
| General and administrative expenses | 2,376 | 2,472 | 377 | |
| Research and development expenses | 8,240 | 10,270 | 1,567 | |
| Selling and marketing expenses | 2,970 | 3,404 | 520 | |
| VIOMI TECHNOLOGY CO., LTD Reconciliations of GAAP and Non-GAAP Results (All amounts in thousands, except shares, ADS, per share and per ADS data) | ||||
| Three Months Ended | ||||
| March 31, 2020 | March 31, 2021 | March 31, 2021 | ||
| RMB | RMB | US$ | ||
| Income from operations | 12,518 | 47,086 | 7,186 | |
| Share-based compensation expenses | 13,586 | 16,146 | 2,464 | |
| Non-GAAP operating income | 26,104 | 63,232 | 9,650 | |
| Net income | 17,818 | 49,378 | 7,536 | |
| Share-based compensation expenses | 13,586 | 16,146 | 2,464 | |
| Non-GAAP net income | 31,404 | 65,524 | 10,000 | |
| Net income attributable to the Company | 17,975 | 49,114 | 7,496 | |
| Share-based compensation expenses | 13,586 | 16,146 | 2,464 | |
| Non-GAAP net income attributable to the Company | 31,561 | 65,260 | 9,960 | |
| Net income attributable to ordinary shareholders | 17,975 | 49,114 | 7,496 | |
| Share-based compensation expenses | 13,586 | 16,146 | 2,464 | |
| Non-GAAP net income attributable to ordinary shareholders | 31,561 | 65,260 | 9,960 | |
| Non-GAAP net income per ordinary share | ||||
| -Basic | 0.15 | 0.31 | 0.05 | |
| -Diluted | 0.15 | 0.29 | 0.04 | |
| Weighted average number of ordinary shares used in calculating Non-GAAP net income per share | ||||
| -Basic | 209,304,658 | 207,876,562 | 207,876,562 | |
| -Diluted | 215,830,463 | 223,072,146 | 223,072,146 | |
| Non-GAAP net income per ADS | ||||
| -Basic | 0.45 | 0.94 | 0.14 | |
| -Diluted | 0.44 | 0.88 | 0.13 | |
| Weighted average number of ADS used in calculating Non-GAAP net income per ADS | ||||
| -Basic | 69,768,219 | 69,292,187 | 69,292,187 | |
| -Diluted | 71,943,488 | 74,357,382 | 74,357,382 | |
Note: The non-GAAP adjustments does not have any tax impact as share-based compensation expenses are non-deductible for income tax purpose.
FAQ
What were Viomi's Q1 2021 financial results?
What is the outlook for Viomi in Q2 2021?
How did the number of users change for Viomi in Q1 2021?
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