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Zepp Health Corporation (NYSE: ZEPP) is a leading global provider of smart wearables and health technology solutions that enable users to maximize their health, fitness, and wellness. Established in 2013 as Huami Corp., the company rebranded to Zepp Health in February 2021 to emphasize its health-centered approach. Zepp Health is renowned for its innovative brands such as Amazfit, Zepp Clarity, and Zepp Aura, which together form a comprehensive ecosystem empowering users to achieve their wellness goals.
Central to Zepp Health's offerings is the proprietary Zepp Digital Health Management Platform, which integrates advanced technologies including Zepp OS, AI chips, biometric sensors, and sophisticated data algorithms. This platform provides 24/7 actionable insights and guidance, supporting users in their everyday health and fitness journeys. To date, Zepp Health has shipped over 200 million units, with its products accessible in more than 90 countries worldwide.
Zepp Health's product portfolio is diverse, featuring smartwatches, fitness bands, and innovative devices like the Amazfit Helio Ring and Amazfit Bip 5 Unity. The company's products are designed to offer a perfect blend of style and cutting-edge technology, appealing to both professional athletes and everyday fitness enthusiasts. Notably, the Amazfit brand has garnered numerous design accolades, including the iF Design Award and the Red Dot Design Award.
Recent achievements highlight Zepp Health's commitment to excellence and community. The company has been actively involved in significant partnerships, such as sponsoring the NN Rotterdam Marathon and the Escape from Alcatraz Triathlon. Through these partnerships, Zepp Health not only promotes its high-performance wearables but also supports athletic communities worldwide.
Financially, Zepp Health reported revenues of US$39.8 million for the first quarter of 2024, with a gross margin of 36.8%. Despite a challenging market, the company's self-branded products have shown robust performance, contributing significantly to its revenue. Looking forward, Zepp Health continues to expand its product offerings and invest in strategic marketing initiatives, ensuring sustained growth and innovation.
Zepp Health's commitment to advancing health technology is further exemplified by its partnership with LiveX AI to enhance customer experiences on the Amazfit website. This collaboration utilizes AI to provide personalized and efficient customer support, setting a new standard in the industry.
For more information about Zepp Health Corporation and its innovative health technology solutions, visit www.zepp.com.
Amazfit, a brand of Zepp Health (NYSE: ZEPP), is launching new true wireless stereo (TWS) earbuds with advanced health monitoring features. These earbuds include heart rate tracking and can detect head position to enhance posture, providing user feedback through an app. Additional features help monitor hearing health by analyzing volume and listening habits. Amazfit's innovative product aims to combine immersive audio technology with health tracking, meeting consumer needs in over 90 countries. The company significantly contributed to Zepp Health's growth, achieving top rankings in global smartwatch shipments.
Zepp Health Corp. (NYSE: ZEPP) announced that its Amazfit and Zepp products ranked among the top four in global shipments for Q1 2021, according to IDC data. The company experienced strong market positions, particularly in Brazil (40.9%), Russia (28.9%), and Spain (23.5%). Founded in 2013, Zepp Health focuses on integrating health and technology, developing AI-driven wearables. This announcement comes amid ongoing pandemic challenges, highlighting the brand's resilience and competitiveness in international markets.
Zepp Health Corp. (NYSE: ZEPP) reported Q1 2021 revenue of RMB1.1 billion (US$175.1 million), a 5.4% increase year-over-year. Despite a GAAP diluted net loss per share of RMB0.16 (US$0.02), self-branded Amazfit and Zepp product sales surged 84% year-over-year. The company expects strong performance in Q2 with anticipated net revenues between RMB1.7 billion and RMB1.8 billion, driven by ongoing demand for their products and new Xiaomi shipments. However, challenges from COVID-19 and increased operating costs persist.
Zepp Health Corp. (NYSE: ZEPP) will release its unaudited financial results for Q1 2021 before the market opens on May 13, 2021. A conference call is scheduled for 8:00 a.m. ET the same day, accessible via various dialing options listed in the release. The company, known for its smart healthcare technology and wearables, shipped 36.6 million units in 2019, holding a 23% share of global shipments for wearable devices. Investors can access live and archived webcasts from their investor relations page.
On April 21, 2021, Zepp Health Corp. (NYSE: ZEPP) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020. The report highlights the company's achievements in the smart wearable technology space, which includes shipping 36.6 million units of smart watches and fitness bands in 2019, capturing 23% of global category shipments. Shareholders can access the report via the company's investor relations website and request hard copies free of charge.
Zepp Health Corp. (NYSE: ZEPP) announced a strategic shift to Amazon Web Services (AWS) for its IT infrastructure, enhancing its operations across 70 countries and supporting 38 million wearable device users. The partnership aims to leverage AWS's robust security, compliance, and scalable cloud solutions to accelerate the development of next-generation smart health devices. In 2020, Zepp Health shipped 46 million units, focusing on data analytics for health management. This move also prioritizes user data security with AWS’s encryption capabilities, reinforcing Zepp Health's commitment to data privacy.
On March 17, 2021, Zepp, a leader in wearable technology, celebrates World Sleep Day as a Diamond sponsor, aiming to promote healthy sleep practices worldwide. Zepp launches an interactive Lullaby Generator on www.ZeppLullaby.com, encouraging users to create personalized lullabies. The initiative follows the Zepp Global Sleep Report, revealing 89% of 12,000 respondents believe calming music aids sleep, with Beethoven's Moonlight Sonata as the favorite. Expert tips emphasize natural light exposure, regular exercise, and relaxation methods for achieving better sleep.
Zepp Health Corp. (NYSE: ZEPP) reported fourth-quarter revenue of RMB2.0 billion (US$302.3 million), a slight decrease from the previous year, largely due to a 20.8% drop in revenue from Xiaomi products. However, self-branded products saw a notable growth of 25.1%, contributing positively to overall performance. Gross margin declined to 19% from 23.8%, affected by product mix and discounting strategies. The company expects strong performance in 2021 with projected revenues for Q1 between RMB1.0 billion and RMB1.15 billion.
Zepp Health Corp. (NYSE: ZEPP) has expanded its agreement with Rouumtech Co., Ltd. to private label a customized Europa™ portable X-ray system and its entire range of X-ray products for sales in China. The collaboration builds on a relationship established in August 2020 and aims to obtain China market clearance from the National Medical Products Administration. Zepp Health will leverage its AI expertise alongside Rouumtech's medical imaging technologies to enhance medical care globally.
Zepp Health Corp., a leading provider of smart wearable technology, will report its fourth quarter and full year 2020 unaudited financial results on March 15, 2021, before market opening. Management will hold a conference call at 8:00 a.m. Eastern Time on the same day, with access available via multiple dialing options. The company aims to connect health with technology, having shipped 36.6 million units in 2019, representing 23% of global shipments. More details can be found on their website.
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