In the second half of 2024, Viomi Technology Co., Ltd. Sponsored ADR Class A (VIOT.US) had a revenue of 1.2824 billion yuan, a year-on-year increase of 42.8%.

On March 25 (Tuesday) before the US stock market opened, Viomi Technology Co., Ltd. Sponsored ADR Class A (VIOT.US) announced its performance for the second half of 2024. The financial report shows that Viomi Technology Co., Ltd. Sponsored ADR Class A's revenue for the second half of the year was 1.2824 billion yuan, a year-on-year increase of 42.8%; net profit was 56.8 million yuan, compared to a net loss of 32 million in the same period last year; diluted earnings per ADS was 0.83 yuan, compared to a loss of 0.43 yuan per ADS in the same period last year. Gross profit for the second half of the year was 289.5 million yuan, compared to 294.5 million yuan in the same period in 2023. The gross profit margin was 22.6%, compared to 32.8% in 2023. The decrease was primarily due to changes in the product structure during the transition period, leading to an increase in revenue contribution from low-margin products. In August 2024, Viomi Technology Co., Ltd. Sponsored ADR Class A completed a strategic restructuring, divesting the company's IoT@Home product portfolio, excluding range hoods, gas stoves, and water heaters. The CEO of Viomi Technology Co., Ltd. Sponsored ADR Class A said, "In August, we successfully completed our business restructuring, allowing us to focus more on core home water solutions. This strategic shift has driven our strong performance in 2024, with annual net revenue reaching 2.1 billion yuan and total operating revenue totaling 156.3 million yuan, both exceeding our previous expectations. Revenue from home water systems increased by 39.0% year-on-year, significantly driving the expansion of our overall business." For the full year of 2024, the company's revenue was 2.119 billion yuan (approximately 290 million US dollars), a year-on-year increase of 29.3%, falling short of market expectations. Net profit was 62.3 million yuan (approximately 8.5 million US dollars), compared to a net loss of 89.3 million yuan in 2023.