VIOT

By Brian Lantier, CFA NASDAQ: VIOT READ THE FULL VIOT RESEARCH REPORT Viomi Technology (NASDAQ: VIOT) reported first-half results before the market open on August 27th that fell short of our expectations, as the market struggles to find balance after the national water-purification subsidy program in China was not renewed in 2026. We have had some difficulty determining exactly how much demand was pulled forward into 2025 as a result of these subsidies, but it is clear, after reviewing the company's first-half results and those of other home appliance companies focused on the Chinese market, that the impact was far greater than we expected. We do feel that comparisons will get easier for the balance of 2026; however, given the nature of the company's products, it is unclear how quickly the domestic market will resume its growth trajectory. The Chinese shopping holidays in November and December should help second-half results, but we are electing to be conservative with our new forecasts. It is worth noting that home goods sales (even those still eligible for subsidies) fell roughly 30% in China in the first half of 2026 as the effectiveness of broad subsidies has diminished over time. In effect, consumers have capitalized on these programs in 2024 or 2025 to upgrade water purification, heating, refrigeration, or cooking appliances, and given the long life expectancy of these appliances, there simply aren't enough domestic consumers to support the same level of demand each year. Companies with thriving international businesses and broad product lineups, such as Haier Smart Home (HKSE: 6690.HK), have weathered this period better than companies with less diverse product lineups or greater sales concentration in China. While Viomi has not provided official guidance for the balance of 2026 and 2027, other large home appliance manufacturers based in China largely project a gradual recovery of the market in the back half of 2026, driven largely by International growth and stabilization of the domestic market. We believe that comparisons with the second half of 2025 will also become easier (the demand decline began in the second half of 2025), so investors should be able to see an improving trend in sequential sales. We are electing to be conservative with our estimates for 2026 and 2027, as the company's expansion plans are as yet unproven. Rather than assuming the company will rapidly expand into new markets, we now assume the core business will grow in the low single digits, and that successful international expansion could provide upside to our model. We are updating our revenue estimates to $230 million for 2026 and $241 million for 2027, which we believe is overly conservative, but we would like to see the company demonstrate a return to growth over a few periods before establishing higher goals. Our USD earnings per ADS for 2026 and 2027 are reduced to a loss of ($0.09)/ADS and ($0.05)/ADS, respectively. With nearly $2/ADS in cash on the balance sheet, we think the company's shares are attractively valued at current prices, and its buyback program could provide additional support. We believe the company would be fairly valued at an industry-low 0.6x our 2027 Revenue estimate of $241 million, so we are maintaining our 12-month target at $2.25/ADS. We would note that if the company were to expand its share buyback program or reach a major offline retail distribution agreement, it could change our outlook, and the company's shares could find support sooner than anticipated. We would encourage investors to review our full updated research report for Viomi Technology. SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you. Please visit our website for additional information on Zacks SCR. DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks SCR provides and Zacks SCR receives payments totaling a maximum fee of up to $50,000 annually for these services provided to or regarding the issuer. Full Disclaimer HERE.

FOSHAN, China, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (“Viomi”, the “Company” or “we”) (NASDAQ: VIOT), a leading global technology company for home water systems, today announced its unaudited financial results for the six months ended June 30, 2026. First Half 2026 Financial Overview Net revenues were RMB740.0 million (US$109.1 million), compared to RMB1,477.6 million for the same period of 2025. Gross margin was 24.0%. Mr. Xiaoping Chen, Founder and CEO of Viomi, commented, “During the first half of 2026, the phase-out of national subsidy policies for our core product categories led to a temporary contraction in market demand. Coupled with a high base effect from the prior year, this resulted in a decline in the Company’s total revenues to RMB740.0 million, down 49.9% year over year. Net loss attributable to ordinary shareholders was RMB26.3 million, primarily due to reduced revenue scale alongside our continued strategic investments in overseas market expansion. Despite these temporary headwinds, the Company remained steadfast in its strategic resolve: we steadily expanded our overseas channel network and further strengthened our core technology and product portfolio, reinforcing our foundation for operational improvement and sustainable, high-quality development.” “On overseas channel expansion, the Company is making progress on multiple fronts. In North America, we are leveraging synergies across online and offline channels to accelerate the establishment of a comprehensive market presence. Our Amazon e-commerce business sustained strong momentum with triple-digit year-over-year growth in the first half, including a robust Prime Day performance, where our flagship product V6 Pro ranked among the Top 8 in the under-sink tankless RO category. At the same time, we are actively expanding into offline retail and professional channels to build a more diversified product and brand matrix. Our presence at international trade shows, such as the WQA convention in the United States, has steadily enhanced our professional brand image and global visibility.” “In Southeast Asia, building upon our established channel presence in Malaysia, we have continued to expand our regional footprint, successfully entering the Singapore market and exhibiting at the Consumer Electronics Exhibition 2026 (CEE) in May, further enhancing our brand influence across the region. Additionally, in partnership with overseas strategic clients, we have successfully penetrated the Turkish market, leveraging our Water Purifier Gigafactory’s agile supply chain and quality advantages to add another strategic pillar to our global footprint.” “On the technology and product front, the Company continued to increase R&D investments, focusing on breakthroughs in cooling and ice-making technologies. Our higher-integration product formats are extending usage scenarios from home to office environments, while iterative upgrades to our multi-functional faucets further address increasingly diversified household water usage needs. Our Water Purifier Gigafactory’s modular production lines and agile manufacturing capabilities enable us to rapidly respond to customized product development across multiple categories and regions, while maximizing production efficiency and continuously optimizing manufacturing costs. These capabilities provide a solid foundation for the commercialization and scaled deployment of our technological innovations.” “With respect to shareholder returns, the Company remains committed to its long-term pledge. In March 2026, the Board of Directors approved a special cash dividend of US$0.022 per ordinary share (US$0.066 per ADS), continuing to share the fruits of development with shareholders. Meanwhile, we steadily advanced our share repurchase program: as of June 30, 2026, the Company had cumulatively repurchased approximately 2.4 million ADSs for a total consideration of approximately US$3.8 million, with the remaining authorization of approximately US$16.2 million to be deployed for future repurchases, demonstrating our firm confidence in the Company's long-term value and future prospects through tangible actions.” “Looking to the second half of the year, the Company will focus on the following key operational improvement initiatives: first, pursuing more targeted expansion in overseas markets, deepening our presence in core strategic markets such as North America and Southeast Asia, while improving localized operational efficiency; second, actively broadening our base of overseas strategic clients to fully leverage our Water Purifier Gigafactory’s scale effects and cost advantages; and third, comprehensively improving operational efficiency and optimizing our cost structure to return to profitability at the earliest opportunity and continue to generate sustainable returns for shareholders,” Mr. Chen concluded. First Half 2026 Financial Results REVENUES Net revenues were RMB740.0 million (US$109.1 million), a decrease of 49.9% from RMB1,477.6 million for the same period of 2025, mainly due to the combined effect of the phase-out of government subsidies for core product categories and the high base in the same period last year. Home water systems. Revenues from home water systems were RMB473.4 million (US$69.8 million), a decrease of 55.3% from RMB1,058.3 million for the same period of 2025, primarily due to the decline in national subsidies for water purifiers. Consumables. Revenues from consumables were RMB131.7 million (US$19.4 million), an increase of 6.9% from RMB123.2 million for the same period of 2025, driven by the growing installed base of water purifiers, which boosted consumable revenue and partially offset the broader decline. Kitchen appliances and others. Revenues from kitchen appliances and others were RMB134.9 million (US$19.9 million), a decrease of 54.4% from RMB296.1 million for the same period of 2025, primarily due to a reduction in orders from Xiaomi, as well as a strategic contraction of Viomi-branded products in this category. GROSS PROFIT Gross profit was RMB177.7 million (US$26.2 million), compared to RMB391.2 million for the same period of 2025. Gross margin was 24.0%, compared to 26.5% for the same period of 2025. The decrease in gross margin was mainly due to the phase-out of national subsidies in the domestic market, which resulted in softer market demand and heightened competition and pricing pressure across our major product categories. OPERATING EXPENSES Total operating expenses were RMB247.0 million (US$36.4 million), a decrease of 12.2% from RMB281.4 million for the same period of 2025, primarily due to decreased general and administrative expenses, as well as a decrease in selling and marketing expenses. Research and development expenses were RMB96.1 million (US$14.2 million), an increase of 7.6% from RMB89.3 million for the same period of 2025, mainly attributable to the expansion of our specialized technical talent pool to support new technology development, alongside higher depreciation and amortization charges arising from new capital investments. Selling and marketing expenses were RMB109.6 million (US$16.1 million), a decrease of 15.1% from RMB129.0 million for the same period of 2025, mainly driven by the reduction in advertising and promotional spending in the domestic market, as well as lower platform service fees and logistics costs in line with revenue scale. General and administrative expenses were RMB41.4 million (US$6.1 million), a decrease of 34.3% from RMB63.0 million for the same period of 2025, primarily attributable to tightened control over personnel expenditures, alongside a reduced allowance for credit losses. INCOME (LOSS) FROM OPERATIONS Loss from operations was RMB50.7 million (US$7.5 million), compared to income from operations of RMB118.8 million for the same period of 2025. Non-GAAP operating loss1 was RMB44.1 million (US$6.5 million), compared to non-GAAP operating income of RMB126.0 million for the same period of 2025. NET INCOME (LOSS) Net loss attributable to ordinary shareholders of the Company was RMB26.3 million (US$3.9 million), compared to net income attributable to ordinary shareholders of the Company of RMB120.4 million for the same period of 2025. Non-GAAP net loss attributable to ordinary shareholders2 of the Company was RMB19.6 million (US$2.9 million), compared to non-GAAP net income attributable to ordinary shareholders of the Company of RMB127.6 million for the same period of 2025. ____________________________1 “Non-GAAP operating income (loss)” is defined as income (loss) from operations excluding share-based compensation expenses. See “Use of Non-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Results” included in this press release. 2 “Non-GAAP net income (loss) attributable to ordinary shareholders of the Company” is defined as net income (loss) attributable to ordinary shareholders of the Company excluding share-based compensation expenses. See “Use of Non-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Results” included in this press release. BALANCE SHEET As of June 30, 2026, the Company had cash and cash equivalents of RMB603.8 million (US$89.0 million), restricted cash of RMB153.3 million (US$22.6 million), short-term deposits of RMB279.2 million (US$41.2 million), and short-term investments of RMB120.8 million (US$17.8 million), compared to RMB806.6 million, RMB164.4 million, RMB258.0 million, and RMB82.6 million, respectively, as of December 31, 2025. About Viomi Technology Viomi’s mission is “AI for Better water,” utilizing AI technology to provide better drinking water solutions for households worldwide. As an industry-leading technology company in home water systems, Viomi has developed a distinctive “Equipment + Consumables” business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading “Water Purifier Gigafactory” with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration. For more information, please visit: http://ir.viomi.com. Use of Non-GAAP Measures The Company uses non-GAAP operating income/(loss), non-GAAP net income/(loss), and non-GAAP net income/(loss) attributable to ordinary shareholders of the Company, in evaluating its operating results and for financial and operational decision-making purposes. Non-GAAP operating income/(loss) is income/(loss) from operations excluding share-based compensation expenses. Non-GAAP net income/(loss) is net income/(loss) excluding share-based compensation expenses. Non-GAAP net income/(loss) attributable to ordinary shareholders of the Company is net income/(loss) attributable to ordinary shareholders excluding share-based compensation expenses. The non-GAAP adjustments do not have any tax impact as share-based compensation expenses are non-deductible for income tax purposes. 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 RMB6.7851 to US$1.00, the effective noon buying rate for June 30, 2026, as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on June 30, 2026, or at any other rate. 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 estimated revenue and income from operations from the Continuing Businesses, 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 third 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; recognition of the Company’s brand; trends and competition in the global IoT-enabled smart home market; the development and commercialization of new products, services and technologies; governmental policies and the relevant regulatory environment relating to the Company’s industry and/or aspects of its business operations; 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., LtdClaire JiE-mail: [email protected] Piacente Financial CommunicationsJenny CaiTel: +86-10-6508-0677E-mail: [email protected] In the United States: Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050E-mail: [email protected]

This article first appeared on GuruFocus. Release Date: March 25, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Viomi Technology Co Ltd (NASDAQ:VIOT) achieved a total revenue of RMB2.4 billion for the full year 2025, representing a year-over-year increase of 14.6%. The company reported a net income attributable to ordinary shareholders of RMB141.6 million, with a net profit margin of 5.8%. Viomi's Amazon channel in North America delivered triple-digit growth in sales during the second half of 2025. The company has established a multinational professional team covering North America, Southeast Asia, and Europe, enhancing its global market expansion. Viomi declared a special dividend of $0.066 US dollars per share, demonstrating a commitment to shareholder returns. Net revenue for the second half of 2025 decreased by 25.9% compared to the same period in 2024, primarily due to a decrease in the home water system segment. Revenues from home water systems decreased by 32.1% year-over-year for the second half of 2025. Total operating expenses increased by 12% in the second half of 2025 compared to the same period in 2024, driven by higher selling and marketing expenses. The company faced challenges due to the reduction of national subsidies for water purifiers, impacting domestic market performance. Viomi's gross margin for the full year 2025 slightly decreased to 25.3% from 25.9% in 2024. Warning! GuruFocus has detected 4 Warning Signs with VIOT. Is VIOT fairly valued? Test your thesis with our free DCF calculator. Q: Could you share the overall performance of the company's self-owned brand, Viomi, in 2025, and what are the key investment priorities for brand building this year? A: In 2025, our brand revenue was primarily from domestic online channels, ranking 10th among annual brands on Jingdong and 19th in sales on Amazon USA. Moving forward, we will adopt a differentiated strategy in North America by launching distinct brands and positioning on online and offline channels. We will debut our new brand series at the WQA convention in Miami, marking our first step into the North American offline market. Q: What are the differences in your market strategies between the US and Malaysia, and what key challenges have you encountered? A: In the US, we launched Viomi branded under-sink water purifiers on Amazon and plan to introduce new brands and products for offline markets. In Malaysia, our focus is offline, with countertop units tailored to local drinking habits. Despite geopolitical tensions, we see strong global opportunities and expect triple-digit growth in overseas revenue for 2026. Q: What are the core pathways for further enhanced profitability and sustaining positive momentum in 2026 and beyond? A: We aim to extend overseas markets and accelerate growth in our Viomi branded business. Increasing consumable revenues from our branded products will be a long-term driver of margin improvements. We will also broaden our product lineup with higher-margin options like multifunctional countertop water dispensers and whole-house filtration systems. Q: Can you analyze the impact of the national subsidy reduction on the domestic market and offer guidance on future impacts? A: The national subsidy reduction significantly impacted 2025, and the domestic market will face challenges in the first half of 2026. However, water purifier penetration is still low, and demand is growing. We expect a return to normal growth rates in 2026. Our cooperation with China Gas and similar companies will help us enter lower-tier markets efficiently. Q: Looking out over the next 3 to 5 years, what do you view as the normalized growth rate for the business? A: We estimate the industry's normal growth rate to be at a high single-digit level without the impact of national subsidies. Viomi's growth rate will be higher due to brand strength and international market expansion. We anticipate potential for low double-digit growth by 2027. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Mixed financials: Second-half 2025 net revenue fell 25.9% to CNY 950.6M (led by a 32.1% drop in home water systems), but full-year revenue grew 14.6% to CNY 2,428.2M; gross margins moved slightly while operating expenses rose sharply. Global expansion and product push: Management is executing a "Global Water" strategy with triple‑digit sequential Amazon growth in North America, new launches in Southeast Asia, a live overseas premium production line and over 1,950 global patent applications focused on AI-driven water tech. Investment and shareholder returns: The company increased R&D and brand-building spend, declared special dividends and authorized a $20M buyback (having repurchased 1.03M ADS for ≈$2.5M), while ending 2025 with CNY 806.6M cash. Interested in Viomi Technology Co., Ltd. Sponsored ADR? Here are five stocks we like better. Viomi Technology (NASDAQ:VIOT) outlined progress on its “Global Water” strategy while reporting mixed results between the second half and the full year of 2025, as management highlighted overseas expansion, product development, and stepped-up brand investments during the company’s earnings call. For the second half of 2025, Viomi reported net revenue of CNY 950.6 million, down 25.9% from CNY 1,282.4 million in the prior-year period. Management attributed the decline primarily to lower revenue from home water systems, including a drop in additional service fees for water purifiers. → Macy’s Beats Expectations Again, But Guidance Spooks Investors By category in the second half, the company said: Home water systems revenue was CNY 628.2 million, down 32.1% year over year, driven mainly by a decline in additional service fees. Consumables revenue was CNY 112.2 million, down 17.9%, primarily due to decreased sales of water purifier filters to Xiaomi. Kitchen appliances and others revenue was CNY 210.2 million, down 4.5%, which management linked to reduced orders from Xiaomi and the build-out of the company’s Wellme-branded products in the category. Gross profit in the second half was CNY 223.8 million versus CNY 289.5 million a year earlier, while gross margin improved to 23.5% from 22.6%. Sam Yang, head of capital and investment, said the margin increase was “merely due to the elimination of the impact” from one-off costs incurred during the divestment of certain IoT-at-home business assets. → Microsoft’s Next AI Leg: Can MSFT Still Outperform From Here? Operating expenses rose 12% year over year to CNY 248.0 million, driven by higher selling and marketing spending, partially offset by lower general and administrative expenses. The company reported second-half net income attributable to the company of CNY 21.2 million and non-GAAP net income of CNY 28.2 million. For full-year 2025, Viomi reported net revenues of CNY 2,428.2 million, up 14.6% from CNY 2,119.0 million in 2024. Net income attributable to ordinary shareholders was CNY 141.6 million, and management cited a net profit margin of 5.8% for the year. Non-GAAP net income attributable to shareholders was CNY 155.7 million. → Super Micro's Plunge: An AI Deep Value Opportunity? Full-year revenue by category was described as follows: Home water systems revenue rose 12.6% to CNY 1,686.6 million. Consumables revenue fell 14.2% to CNY 235.4 million. Kitchen appliances and others revenue increased 47.6% to CNY 506.2 million. Full-year gross profit increased to CNY 615.0 million from CNY 548.7 million, while gross margin declined to 25.3% from 25.9%. Operating expenses increased 24.6% to CNY 529.4 million, reflecting higher R&D, selling and marketing, and G&A costs. Yang said R&D spending rose due to increased investment in new product development, while selling and marketing costs climbed on brand promotion and higher personnel costs tied to channel expansion. Founder and CEO Xiaoping Chen emphasized continued execution of the company’s Global Water strategy, including the formation of multinational teams across North America, Southeast Asia, and Europe. Chen said the company is working to use AI to improve product experience and position Viomi as a “world-leading water technology company.” In North America, management highlighted momentum on Amazon during the second half, citing triple-digit sequential sales growth. Chen said that during Black Friday promotions, Viomi ranked 19th in the water purifier category and fourth in the under-sink RO tankless segment. The company also pointed to its premium flagship Master One Mineral Water Purifier as an expansion of its portfolio. In Southeast Asia, Viomi said it is deepening channel cooperation in Malaysia and launched a compact “Inno” mineral water dispenser tailored to local preferences, featuring mineralization and cooling functions. On brand development, Chen said Viomi’s self-owned brand revenue in 2025 was primarily driven by domestic online channels, and the company ranked 10th among annual brands on JD.com. For the U.S., he reiterated the company’s 19th-place sales ranking on Amazon as a sign of progress. Looking ahead, management said it will pursue a differentiated approach in North America, with distinct branding and positioning for online and offline channels. Chen said the company plans to participate in the World of Coffee event in San Diego and unveil a new brand series at the WQA Convention in Miami in April 2026, describing this as an initial step into U.S. offline markets and a venue to present its “AI for Better Water” vision to partners. Chen said the company reached a milestone in the global expansion of its water purifier “gigafactory,” noting the commencement of full operations of an overseas premium production line integrating modular functions such as instant heating and cooling and ice making. He said this is intended to provide agile supply chain support for differentiated overseas market needs. As of the end of 2025, Chen said Viomi’s global patent applications surpassed 1,950 across 14 countries and regions, and he cited areas such as AI-driven water quality algorithms, precision mineral control, and intelligent self-cleaning as core technical capabilities. On capital returns, management said Viomi declared a special dividend of $0.088 per ADS in July 2025 and authorized a $20 million share repurchase program in August 2025. By the end of 2025, the company said it had repurchased 1.03 million ADS for approximately $2.5 million. In its earnings release, the company also declared another special dividend of $0.06 per share (aggregate CNY 31 million, according to management). As of Dec. 31, 2025, the company reported cash and cash equivalents of CNY 806.6 million, restricted cash of CNY 164.4 million, short-term deposits of CNY 258.0 million, and short-term investments of CNY 82.6 million. During Q&A, management addressed domestic demand following changes in national subsidies, stating that water purifier penetration remains relatively low and demand “is still growing.” Chen also discussed partnerships with gas companies including China Gas and ENN Energy, describing 2026 as a pilot year and saying the partners’ networks could help Viomi reach lower-tier markets through installation- and service-driven distribution. For overseas markets, Chen said the company expects “triple-digit growth” in overseas revenue in 2026, while also acknowledging geopolitical and other uncertainties. Viomi Technology Co, Ltd. (NASDAQ: VIOT) is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety. At the core of Viomi's offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility. The article "Viomi Technology Q4 Earnings Call Highlights" was originally published by MarketBeat.

GUANGZHOU, China, March 25, 2026 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced its unaudited financial results for the second half and full year ended December 31, 2025, and declared a special cash dividend. Second Half 2025 Financial Overview1 Net revenues were RMB950.6 million (US$135.9 million), representing a decrease of 25.9% from RMB1,282.4 million for the same period of 2024. Net income attributable to ordinary shareholders of the Company was RMB21.2 million (US$3.0 million), representing a decrease of 70.2% from RMB71.3 million for the same period of 2024. Full Year 2025 Financial Overview Net revenues were RMB2,428.2 million (US$347.2 million), representing an increase of 14.6% from RMB2,119.0 million for 2024. Net income attributable to ordinary shareholders of the Company was RMB141.6 million (US$20.3 million), representing a slight decrease of 1.9% from RMB144.4 million for 2024. ________________ 1 In August 2024, Viomi completed a strategic reorganization, divesting the Company’s IoT@Home portfolio products, excluding range hoods, gas stoves, and water heaters (the “Divested Business”). As a result, the Divested Business has been deconsolidated from the Company, and its historical financial results are reported as discontinued operations in the Company’s consolidated financial statements. The financial information and non-GAAP financial information disclosed in this press release are presented based on continuing operations, unless specifically stated otherwise. Mr. Xiaoping Chen, Founder and CEO of Viomi, commented, “In the second half of 2025, amid the phase-down of national subsidy scheme for home appliance trade-ins and the Company's strategic investments in overseas market expansion, new product development, and brand building, we delivered total revenue of RMB950.6 million and net income attributable to ordinary shareholders of the Company of RMB 21.2 million. For the full year, our core business remained solid, achieving total revenue of RMB2.4 billion, representing a year-on-year increase of 14.6%. Net income attributable to ordinary shareholders of the Company stood at RMB141.6 million, with a net profit margin of 5.8%. “Over the past year, Viomi's ‘Global Water’ strategy has continued to gain momentum, highlighted by the establishment of a multinational professional team covering North America, Southeast Asia, and Europe. Empowered by a global perspective across technology R&D, market expansion, and business development, we have consistently achieved technological breakthroughs addressing users’ diverse drinking water needs. By leveraging AI technology to enhance user product experiences, we’re establishing Viomi as a world-leading water technology company. “In the North American market, our Amazon channel delivered an outstanding performance in the second half of the year, achieving triple-digit growth in sales on a sequential basis. During the Black Friday promotional season, our products ranked 19th in the water purifier category and fourth in the under-sink RO tankless segment. Our premium flagship product, the M1 mineral water purifier, equipped with 9-stage precision filtration and an AI-powered interactive faucet, further enriched our product portfolio. “In the Southeast Asian market, we continued to deepen our strategic cooperation with offline channels in Malaysia through the launch of the compact INNO mineral water dispenser, tailored for the local market and featuring both mineralization and cooling functions. Viomi’s brand ambassador in Malaysia, celebrated singer Shila Amzah, attended the launch event for this innovative product integrating healthy hydration and smart technology. “In terms of brand building, we continued to strengthen our ‘Technology + Health’ brand image. In 2025, we were honored to engage renowned actress Huang Shengyi to serve as Viomi’s brand ambassador in China and Shila Amzah in Malaysia. We also partnered with Olympic champion Tian Liang as a brand friend and invited well-known artist Ye Yiqian to serve as our product experience officer. In April 2026, we will unveil our new brand series at the WQA Convention & Exposition in Miami, USA, showcasing our latest AI technologies and innovations at one of the most influential professional events in the global water treatment industry. Through our smarter, healthier, and more eco-friendly water solutions, we will present Viomi’s redefined vision of ‘Better Water’ to partners in North America and around the world. “On the manufacturing and R&D front, we continued to solidify our core competitiveness. We achieved a key milestone in the global expansion of Viomi’s ‘Water Purifier Gigafactory,’ commencing full operations of our overseas premium production line. The first batch of new products is expected to be ready for mass production in the second quarter of 2026. This production line integrates modular functions such as instant heating, instant cooling, and ice making, providing agile supply chain support to meet the differentiated needs of markets in North America, Europe, and Southeast Asia. On the technology side, our ‘Advanced Technology’ laboratory continues to drive innovation. Meanwhile, our ‘Product Compliance’ laboratory has established testing protocols aligned with authoritative certification systems in Europe, America, Southeast Asia, and other regions, further strengthening market trust in our products sold overseas. As of the end of 2025, our global patent applications had surpassed 1,950, spanning 14 countries and regions. We have built highly competitive technological capabilities in areas such as AI-driven water quality algorithms, precision mineral control, and intelligent self-cleaning, laying a solid foundation for the continued expansion of our global business. “In 2026, we will pursue our ‘Global Water’ vision with even greater determination, targeting breakthroughs in four key areas: First, for overseas markets, we will deepen our presence in core strategic markets such as North America and Southeast Asia, while actively expanding into more countries and regions. Second, to advance our differentiation in the domestic market, we will further strengthen the health-centric positioning of the Kunlun series with its ‘alkaline mineral’ concept. Through technological differentiation and product innovation, we will strive to lead quality upgrades and enhance Viomi's industry standing in the water purification market. Third, on the technology front, we will deepen the integration of AI across water purification scenarios, making technological innovation the core engine that enables Viomi to navigate market cycles and achieve sustained growth. Fourth, we will continue to strengthen collaborations with global strategic partners, fully leveraging the scale effect of the ‘Water Purifier Gigafactory’ to elevate both scale and efficiency. Through this committed, long-term approach, Viomi will continue to create value for global users and deliver sustainable returns to our shareholders,” Mr. Chen concluded. Second Half 2025 Financial Results REVENUES Net revenues were RMB950.6 million (US$135.9 million), a decrease of 25.9% from RMB1,282.4 million for the same period of 2024, primarily due to the decrease in the home water systems. Home water systems. Revenues from home water systems were RMB628.2 million (US$89.8 million), a decrease of 32.1% from RMB925.7 million for the same period of 2024, primarily due to the decline in national subsidies for water purifiers. Consumables. Revenues from consumables were RMB112.2 million (US$16.0 million), a decrease of 17.9% from RMB136.7 million for the same period of 2024, primarily due to decreased sales of water purifier filters to Xiaomi. Kitchen appliances and others. Revenues from kitchen appliances and others were RMB210.2 million (US$30.1 million), a decrease of 4.5% from RMB220.0 million for the same period of 2024, primarily due to a reduction in orders from Xiaomi, as well as a contraction of Viomi-branded products in this category. GROSS PROFIT Gross profit was RMB223.8 million (US$32.0 million), compared to RMB289.5 million for the same period of 2024. Gross margin was 23.5%, compared to 22.6% for the same period of 2024. The slight increase in gross margin was mainly due to the elimination of the impact of one-off costs incurred during the divestment of certain IoT@Home businesses and assets. OPERATING EXPENSES Total operating expenses were RMB248.0 million (US$35.5 million), an increase of 12.0% from RMB221.5 million for the same period of 2024, due to increased selling and marketing expenses, partially offset by a decrease in general and administrative expenses. Research and development expenses were RMB76.3 million (US$10.9 million), an increase of 12.7% from RMB67.7 million for the same period of 2024, mainly attributable to an increased investment in new product development. Selling and marketing expenses were RMB148.6 million (US$21.3 million), an increase of 29.8% from RMB114.6 million for the same period of 2024, mainly due to an increase in brand promotion investment, as well as higher personnel costs resulting from channel expansion. General and administrative expenses were RMB23.1 million (US$3.3 million), a decrease of 41.2% from RMB39.3 million for the same period of 2024, primarily due to decreased employee compensation costs and allowance for credit losses. INCOME FROM OPERATIONS Income from operations was RMB9.7 million (US$1.4 million), compared to RMB83.8 million for the same period of 2024. Non-GAAP operating income2 was RMB16.6 million (US$2.4 million), compared to RMB89.7 million for the same period of 2024. NET INCOME3 Net income attributable to ordinary shareholders of the Company was RMB21.2 million (US$3.0 million), a decrease of 70.2% from RMB71.3 million for the same period of 2024, mainly due to the decline in scale combined with increased investment in market expansion and brand building. Non-GAAP net income attributable to ordinary shareholders4 of the Company was RMB28.2 million (US$4.0 million), a decrease of 63.5% from RMB77.2 million for the same period of 2024. ___________________ 2 “Non-GAAP operating income” is defined as income from operations excluding share-based compensation expenses. See “Use of Non-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Results” included in this press release. 3 The year-over-year data are all presented in the continuing operations basis, unless otherwise specified. 4 “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 “Use of Non-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Results” included in this press release. BALANCE SHEET As of December 31, 2025, the Company had cash and cash equivalents of RMB806.6 million (US$115.3 million), restricted cash of RMB164.4 million (US$23.5 million), short-term deposits of RMB258.0 million (US$36.9 million), and short-term investments of RMB82.6 million (US$11.8 million), compared to RMB1,026.2 million, RMB141.3 million, RMB115.0 million, and RMB72.5 million, respectively, as of December 31, 2024. Full Year 2025 Financial Results REVENUES Net revenues were RMB2,428.2 million (US$347.2 million), an increase of 14.6% from RMB2,119.0 million for 2024. Home water systems. Revenues from home water systems were RMB1,686.6 million (US$241.2 million), an increase of 12.6% from RMB1,498.4 million for 2024. Consumables. Revenues from consumables were RMB235.4 million (US$33.7 million), a decrease of 15.2% from RMB277.7 million for 2024. Kitchen appliances and others. Revenues from kitchen appliances and others were RMB506.2 million (US$72.4 million), an increase of 47.6% from RMB342.9 million for 2024. GROSS PROFIT Gross profit was RMB615.0 million (US$87.9 million), compared to RMB548.7 million for 2024. Gross margin was 25.3%, compared to 25.9% for 2024. OPERATING EXPENSES Total operating expenses were RMB529.4 million (US$75.7 million), an increase of 24.6% from RMB424.9 million for 2024. Research and development expenses were RMB165.6 million (US$23.7 million), an increase of 15.9% from RMB142.9 million for 2024. Selling and marketing expenses were RMB277.7 million (US$39.7 million), an increase of 31.5% from RMB211.2 million for 2024. General and administrative expenses were RMB86.1 million (US$12.3 million), an increase of 21.6% from RMB70.8 million for 2024. INCOME FROM OPERATIONS Income from operations was RMB128.6 million (US$18.4 million), compared to RMB156.3 million for 2024. Non-GAAP operating income was RMB142.6 million (US$20.4 million), compared to RMB172.8 million for 2024. NET INCOME5 Net income attributable to ordinary shareholders of the Company was RMB141.6 million (US$20.3 million), a decrease of 1.9% from RMB144.4 million for 2024. Non-GAAP net income attributable to ordinary shareholders of the Company was RMB155.7 million (US$22.3 million), a decrease of 3.2% from RMB160.8 million for 2024. ____________________ 5 The year-over-year data are all presented in the continuing operations basis, unless otherwise specified. DIVIDEND The Company today announced that its Board of Directors has approved a special cash dividend of US$0.022 per ordinary share on its outstanding shares to shareholders of record as of the close of trading on April 06, 2026. Holders of American Depositary Shares (“ADS”), each representing three ordinary shares of the Company, are accordingly entitled to a cash dividend of US$0.066 per ADS. Deutsche Bank Trust Company Americas, the depositary bank for the Company’s ADS program, expects to pay out this dividend to ADS holders on or about April 15, 2026. Conference Call The Company’s management will host a conference call at 8:00 a.m. Eastern Time on Wednesday, March 25, 2026 (8:00 p.m. Beijing/Hong Kong time on March 25, 2026) to discuss financial results and answer questions from investors and analysts. For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Registration link: https://register-conf.media-server.com/register/BI0c8f62d3a4804d04b0015510ab07d952 Upon registration, each participant will receive details for the conference call, including dial-in numbers, and a unique access PIN. To join the conference, please dial the provided number, enter your PIN, and you will join the conference. Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.viomi.com. An archived replay will remain available for 12 months following the live session. About Viomi Technology Viomi’s mission is “AI for Better water,” utilizing AI technology to provide better drinking water solutions for households worldwide. As an industry-leading technology company in home water systems, Viomi has developed a distinctive “Equipment + Consumables” business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading “Water Purifier Gigafactory” with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration. For more information, please visit: http://ir.viomi.com. Use of Non-GAAP Measures The Company uses non-GAAP operating income/(loss), non-GAAP net income/(loss), and non-GAAP net income/(loss) attributable to ordinary shareholders of the Company, in evaluating its operating results and for financial and operational decision-making purposes. Non-GAAP operating income/(loss) is income/(loss) from operations excluding share-based compensation expenses. Non-GAAP net income/(loss) is net income/(loss) excluding share-based compensation expenses. Non-GAAP net income/(loss) attributable to ordinary shareholders of the Company is net income/(loss) attributable to ordinary shareholders excluding share-based compensation expenses. The non-GAAP adjustments do not have any tax impact as share-based compensation expenses are non-deductible for income tax purposes. 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 RMB6.9931 to US$1.00, the effective noon buying rate for December 31, 2025, as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on for December 31, 2025, or at any other rate. 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 estimated revenue and income from operations from the Continuing Businesses, 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 and relevant regulatory environment relating to the Company’s industry and/or aspects of the business operations 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 Claire Ji E-mail: [email protected] Piacente Financial Communications Jenny Cai Tel: +86-10-6508-0677 E-mail: [email protected] In the United States: Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 E-mail: [email protected] Note: The non-GAAP adjustments do not have any tax impact as share-based compensation expenses are non-deductible for income tax purpose.

Earnings Call Scheduled for 8:00 A.M. ET on March 25, 2026 GUANGZHOU, China, March 02, 2026 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced that it will report its unaudited financial results for the second half and the full year ended December 31, 2025 on Wednesday, March 25, 2026, before the open of the U.S. markets. The Company’s management will host an earnings conference call at 8:00 A.M. U.S. Eastern Time on March 25, 2026 (8:00 P.M. Beijing/Hong Kong time on March 25, 2026). For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time. Registration link: https://register-conf.media-server.com/register/BI0c8f62d3a4804d04b0015510ab07d952 Upon registration, each participant will receive details for the conference call, including dial-in numbers, and a unique access PIN. To join the conference, please dial the provided number, enter your PIN, and you will join the conference. Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.viomi.com. An archived replay will remain available for 12 months following the live session. About Viomi Technology Viomi’s mission is “AI for Better water,” utilizing AI technology to provide better drinking water solutions for households worldwide. As an industry-leading technology company in home water solutions, Viomi has developed a distinctive “Equipment + Consumables” business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading “Water Purifier Gigafactory” with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration. For more information, please visit: http://ir.viomi.com. For investor and media inquiries, please contact: In China: Viomi Technology Co., Ltd Claire Ji E-mail: [email protected] Piacente Financial Communications Jenny Cai Tel: +86-10-6508-0677 E-mail: [email protected] In the United States: Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 E-mail: [email protected]

Foshan, China, Dec. 09, 2025 (GLOBE NEWSWIRE) -- VIOMI Technology Co., Ltd. (NASDAQ: VIOT) (“VIOMI” or the “Company”), a leading global water technology company, today announced that it achieved significant commercial milestones during the 2025 Black Friday and Cyber Monday (“BFCM”) sales period. In its inaugural year of full-scale U.S. market operations, the Company entered the Top 19 in the Amazon U.S. water purifier category by sales volume, while its under-sink tankless RO purifier attained No. 4 within its subcategory—both marking the highest rankings in VIOMI’s history on the platform. These results signify a meaningful “from zero to one” breakthrough in North America. Demonstrated Commercial Momentum Driven by Technology and Operational Excellence As of November 2025, VIOMI’s U.S. market sales revenue is increasing to the level that exceeds that of comparable peer brands during similar stages of market entry. This performance reflects the Company’s technological capabilities, product competitiveness, and supply chain strength. As of today, VIOMI has secured 1,847 patents in the field of water purification, including 690 invention patents, providing robust intellectual property support for continued product innovation and quality advancement. The Company’s highly automated “Water Purifier Gigafactory”, established through a capital investment of approximately USD 150 million, provides annual production capacity of 5 million water purifiers and 30 million filter elements. This vertically integrated infrastructure ensures consistent manufacturing standards, strengthens cost control, and supports rapid scaling in global markets. MASTER M1 Positioned as a Strategic Growth Driver Looking ahead to 2026, VIOMI expects its flagship MASTER M1 AI Alkaline Mineral Water Purifier to serve as a core growth engine in the U.S. market. The product was developed to address widely recognized North American water quality challenges, including PFAS contamination and aging municipal water infrastructure. Key product capabilities include: 9-stage RO filtration capable of removing up to 99% of PFAS and other persistent chemicals AI-enabled smart-touch faucet providing real-time TDS monitoring Extended filter lifespan and tool-free replacement to reduce user burden. These features align closely with U.S. consumer expectations for water safety, product convenience, and cost efficiency. Strategic Expansion in Channels, Product Portfolio, and Industry Engagement To further enhance its presence in the U.S., VIOMI will continue implementing a differentiated growth strategy that includes establishing the local sales team, deepening its Amazon U.S. footprint, introducing additional products including compact countertop water purifiers, as well as strengthening industry engagement through participation in major trade exhibitions. These initiatives are intended to reinforce professional credibility, expand product coverage, and increase brand visibility across the North American market. Mr. Kevin Chen, Founder and Chief Executive Officer of VIOMI, commented: “The North American market constitutes a critical component of VIOMI’s long-term global development strategy. The meaningful progress we achieved during the BFCM period provides strong validation of our product strength, operational capabilities, and supply chain advantages. In the current global economic landscape, U.S. consumers place high value on products that deliver strong performance and cost efficiency. VIOMI’s technological advantages and large-scale manufacturing infrastructure are well aligned with this demand. Our target of achieving tenfold growth in 2026 is an important milestone, reflecting both our confidence and our commitment to sustained global expansion. We will continue advancing our R&D investment and broadening our market presence, particularly in emerging segments such as whole-house water purification, in order to deliver AI-driven water technologies that enhance healthy living for families worldwide.” About VIOMI VIOMI’s mission, “AI for Better Water,” drives its commitment to delivering technologically advanced, healthier drinking water solutions worldwide, enhancing both water quality and user experience through AI-powered monitoring, simplified filter management, extended filter lifespan and lower long-term user costs. VIOMI’s world-leading Water Purifier Gigafactory enables mass-scale production, continuous innovation, and faster global adoption of smart residential water purification. For more information, please visit: water.viomi.com. CONTACT: Claire Ji [email protected] https://ir.viomi.com

GUANGZHOU, China, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced its unaudited financial results for the six months ended June 30, 2025. First Half 2025 Financial Highlights1 Net revenues reached RMB1,477.6 million (US$206.3 million), representing an increase of 76.6% from RMB836.6 million for the same period of 2024. Net income attributable to ordinary shareholders of the Company was RMB120.4 million (US$16.8 million), representing an increase of 64.7% from RMB73.1 million for the same period of 2024. 1 In August 2024, Viomi completed a strategic reorganization, divesting the Company’s IoT@Home portfolio products, excluding range hoods, gas stoves, and water heaters (the “Divested Business”). As a result, the Divested Business has been deconsolidated from the Company, and its historical financial results are reported as discontinued operations in the Company’s consolidated financial statements. The financial information and non-GAAP financial information disclosed in this press release are presented based on continuing operations, unless specifically stated otherwise. Mr. Xiaoping Chen, Founder and CEO of Viomi, commented: “In the first half of 2025, we sustained our strong growth momentum following our strategic reorganization, achieving another record-high performance in revenue. Our total net revenues reached RMB1.48 billion, representing a year-over-year increase of 76.6%. Our net income reached RMB120.5 million with a net margin of 8.2%. These results underscore the vision and effectiveness of our strategic focus on the home water solutions. We have entered a new stage of high-quality, sustainable growth where we simultaneously grow scale and expand profitability.” “Amid rising global demand for healthy drinking water, we remain committed to our mission of ‘AI for Better water.’ We are growing our home water solutions business globally through three key engines: product innovation, market expansion, and brand enhancement. In the first half of the year, revenues from our core business ‘Home Water Systems’ increased by 84.8% year over year, serving as the primary driver of our scale expansion. Operational efficiency also improved significantly.” “Regarding product innovation, we launched a series of industry-leading solutions tailored to meet the diverse needs of different markets globally. In North America, we successfully introduced the MASTER M1, our first smart under-sink water purifier equipped with a 9-stage RO filtration system and an AI-powered touchscreen faucet that provides real-time monitoring of water quality, volume, and filter status. Our Vortex series also delivered strong results, ranking sixth in the under-sink tankless water purifier category on Amazon and receiving positive reviews from users. In Malaysia, we launched the INNO Mineral Water Purifier in partnership with a leading local channel distributor. With its compact design and advanced mineral water technology, the product meets Southeast Asian households’ demand for both efficient space utilization and healthy drinking water. In China, we launched the Kunlun 4 Pro AI alkaline mineral water purifier, combining mineralization filters and AI-based regulation technology to simulate the composition of natural mineral water and enable dynamic pH control, allowing users to enjoy fresh, mildly alkaline mineral water at home.” “On the brand development front, we continued to strengthen Viomi’s brand image of ‘Technology + Health.’ We are delighted to have the renowned Chinese actress Ms. Shengyi Huang join us as our brand spokesperson. Her healthy and graceful image aligns perfectly with our brand philosophy of ‘making water better.’ In addition, we joined hands with Olympic champion Mr. Liang Tian as our brand partner to advocate for a healthy water drinking lifestyle. In Malaysia, we invited famous singer Ms. Shila Amzah to serve as our local brand ambassador, leveraging her extensive local influence to accelerate our local market penetration and strengthen user awareness.” “With respect to manufacturing and R&D, our Water Purifier Gigafactory continued to advance its platform-based modularization strategy. By leveraging scalable functional module designs and flexible production lines, we were able to iterate products rapidly and respond to evolving global demand with agility. We are keenly focused on the launch of our overseas boutique factories. By integrating diversified functional modules, including instant heating, instant cooling, and ice-making, we will be able to expand our product portfolio and cater to regional water drinking preferences across North America, Europe, Southeast Asia, and beyond. To further strengthen our innovation, we continued to enhance two core laboratory systems: ‘Cutting-edge Technologies’ and ‘Product Compliance & Reliability.’ These laboratory systems ensure that our R&D processes comply with global certification standards and enable the rapid adoption of cutting-edge technologies. To date, Viomi has filed nearly 1,850 patents worldwide, establishing systemic technological barriers in critical areas such as AI water quality algorithms, mineral control, and energy-efficient water purification, laying a solid foundation to provide our users globally with a smarter and healthier water drinking experience.” “Looking ahead, we will continue to deepen our ‘Global Water’ strategy, aiming to drive breakthroughs in four key aspects. First, we will accelerate overseas channel expansion to continuously strengthen our global influence by focusing on key international markets. Second, we will further fortify the differentiated positioning of the Kunlun Series, continuing to emphasize its healthy product positioning as ‘mineral water’ to lead a quality upgrade in China’s water purification consumption. Third, we will continue to advance technological iteration and product innovation through our modular platform by integrating new technologies, expanding our product portfolio, and meeting the personalized, scenario-specific drinking water needs of users worldwide. Lastly, we will deepen our collaboration with key strategic partners such as Xiaomi, JD.com, and Senheng, fully leveraging the scale advantages of our Gigafactory to deliver smarter, healthier water solutions and generate long-term, sustainable value for our shareholders,” Mr. Chen concluded. First Half 2025 Financial Results REVENUES Net revenues were RMB1,477.6 million (US$206.3 million), an increase of 76.6% from RMB836.6 million for the same period of 2024, primarily attributable to the growth in the home water systems. Home water systems. Revenues from home water systems were RMB1,058.3 million (US$147.8 million), an increase of 84.8% from RMB572.7 million for the same period of 2024, primarily due to increased demand for home water system products. Consumables. Revenues from consumables were RMB123.2 million (US$17.2 million), a decrease of 12.6% from RMB141.0 million for the same period of 2024, primarily due to technological iterations that have extended filter lifespans and reduced replacement frequency. Kitchen appliances and others. Revenues from kitchen appliances and others were RMB296.1 million (US$41.3 million), an increase of 140.9% from RMB122.9 million for the same period of 2024, primarily due to increased sales of kitchen appliances to Xiaomi. GROSS PROFIT Gross profit was RMB391.2 million (US$54.6 million), compared to RMB259.2 million for the same period of 2024. Gross margin was 26.5%, compared to 31.0% for the same period of 2024. The decrease was primarily due to a change in product mix, as revenue contribution from kitchen appliances and other lower-margin products increased while the contribution from higher-margin consumables declined. OPERATING EXPENSES Total operating expenses were RMB281.4 million (US$39.3 million), an increase of 38.4% from RMB203.3 million for the same period of 2024, due to increased marketing and promotion expenditures, in addition to employee compensation costs from business expansion. Research and development expenses were RMB89.3 million (US$12.5 million), an increase of 18.8% from RMB75.2 million for the same period of 2024, mainly attributable to an increase in employee compensation costs. Selling and marketing expenses were RMB129.0 million (US$18.0 million), an increase of 33.6% from RMB96.6 million for the same period of 2024, mainly due to higher spending on marketing and promotions, coupled with increased employee compensation expenses. General and administrative expenses were RMB63.0 million (US$8.8 million), an increase of 100.1% from RMB31.5 million for the same period of 2024, primarily due to increased employee compensation costs and a higher allowance for credit losses resulting from a higher accounts receivable balance. INCOME FROM OPERATIONS Income from operations was RMB118.8 million (US$16.6 million), compared to RMB72.5 million for the same period of 2024. Non-GAAP operating income2 was RMB126.0 million (US$17.6 million), compared to RMB83.1 million for the same period of 2024. 2 “Non-GAAP operating income” is defined as income from operations excluding share-based compensation expenses. See “Use of Non-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Results” included in this press release. NET INCOME3 Net income attributable to ordinary shareholders of the Company was RMB120.4 million (US$16.8 million), an increase of 64.7% from RMB73.1 million for the same period of 2024, which was in line with the revenue expansion. Non-GAAP net income attributable to ordinary shareholders4 of the Company was RMB127.6 million (US$17.8 million), an increase of 52.5% from RMB83.7 million for the same period of 2024. 3 The year-over-year data are all presented in the continuing operations basis, unless otherwise specified. 4 “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 “Use of Non-GAAP Measures” and “Reconciliation of GAAP and Non-GAAP Results” included in this press release. BALANCE SHEET As of June 30, 2025, the Company had cash and cash equivalents of RMB709.2 million (US$99.0 million), restricted cash of RMB340.5 million (US$47.5 million), short-term deposits of RMB376.8 million (US$52.6 million), and short-term investments of RMB108.0 million (US$15.1 million), compared to RMB1,026.2 million, RMB141.3 million, RMB115.0 million, and RMB72.5 million, respectively, as of December 31, 2024. About Viomi Technology Viomi’s mission is “AI for Better water,” utilizing AI technology to provide better drinking water solutions for households worldwide. As an industry-leading technology company in home water systems, Viomi has developed a distinctive “Equipment + Consumables” business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading “Water Purifier Gigafactory” with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration. For more information, please visit: http://ir.viomi.com. Use of Non-GAAP Measures The Company uses non-GAAP operating income/(loss), non-GAAP net income/(loss), and non-GAAP net income/(loss) attributable to ordinary shareholders of the Company, in evaluating its operating results and for financial and operational decision-making purposes. Non-GAAP operating income/(loss) is income/(loss) from operations excluding share-based compensation expenses. Non-GAAP net income/(loss) is net income/(loss) excluding share-based compensation expenses. Non-GAAP net income/(loss) attributable to ordinary shareholders of the Company is net income/(loss) attributable to ordinary shareholders excluding share-based compensation expenses. The non-GAAP adjustments do not have any tax impact as share-based compensation expenses are non-deductible for income tax purposes. 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 RMB7.1636 to US$1.00, the effective noon buying rate for June 30, 2025, as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on for June 30, 2025, or at any other rate. 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 estimated revenue and income from operations from the Continuing Businesses, 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 and relevant regulatory environment relating to the Company’s industry and/or aspects of the business operations 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: Viomi Technology Co., Ltd Claire Ji E-mail: [email protected] Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 E-mail: [email protected] (1) Share-based compensation was allocated in operating expenses as follows: Note: The non-GAAP adjustments do not have any tax impact as share-based compensation expenses are non-deductible for income tax purpose.

GUANGZHOU, China, Oct. 24, 2025 (GLOBE NEWSWIRE) -- Viomi Technology Co., Ltd (“Viomi” or the “Company”) (NASDAQ: VIOT), a leading technology company for home water solutions in China, today announced that it will report its unaudited financial results for the six months ended June 30, 2025 on November 10, 2025, before the open of the U.S. markets. In addition, as a part of its continuous commitment to enhancing shareholder value, the Company’s board of directors has approved a new share repurchase plan under which the Company may repurchase up to US$20 million worth of its American depositary shares, ending on December 31, 2027. Mr. Xiaoping Chen, Founder, Chairman and Chief Executive Officer of Viomi, commented, “The Company’s new share repurchase program underscores our confidence in Viomi’s business outlook and our commitment to maximizing long-term shareholder value. We believe this program will support the Company’s development while creating sustainable value for our consumers and shareholders in the long run.” The share repurchases under the new share repurchase plan may be effected from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions, and will be implemented in accordance with applicable rules and regulations. The Company expects to fund the repurchases out of its existing cash balance.‎ 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 and relevant regulatory environment relating to the Company’s industry and/or aspects of the business operations 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. About Viomi Technology Viomi’s mission is “AI for Better Water,” utilizing AI technology to provide better drinking water solutions for households worldwide. As an industry-leading technology company in home water solutions, Viomi has developed a distinctive “Equipment + Consumables” business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading “Water Purifier Gigafactory” with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration. For more information, please visit: http://ir.viomi.com. For investor and media inquiries, please contact: Viomi Technology Co., Ltd Claire Ji E-mail: [email protected] Piacente Financial Communications Brandi Piacente Tel: +1-212-481-2050 E-mail: [email protected]

Full-Year Net Revenue: RMB2.1 billion, exceeding previous guidance. Income from Operations: RMB156.3 million. Net Income: RMB62.3 million, reversing losses from the past two years. Second Half Net Revenue: RMB1.2824 billion, a 42.8% increase from the same period in 2023. Home Water Systems Revenue (Second Half): RMB925.7 million, a 58.2% increase year-over-year. Consumables Revenue (Second Half): RMB136.7 million, a 24.6% decrease year-over-year. Kitchen Appliances and Others Revenue (Second Half): RMB220 million, a 67.2% increase year-over-year. Gross Profit (Second Half): RMB289.5 million. Gross Margin (Second Half): 22.6%, down from 32.8% in the same period of 2023. Total Operating Expenses (Second Half): RMB221.5 million, a 6.1% increase year-over-year. Net Income Attributable to Ordinary Shareholders (Second Half): RMB57.4 million. Cash and Cash Equivalents (End of 2024): RMB1.262 billion. Full-Year Gross Profit: RMB548.7 million. Full-Year Gross Margin: 25.9%, down from 31.9% in 2023. Full-Year Net Income Attributable to Ordinary Shareholders: RMB33.4 million. Warning! GuruFocus has detected 3 Warning Signs with VIOT. Release Date: March 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Viomi Technology Co Ltd (NASDAQ:VIOT) achieved a full-year net revenue of RMB2.1 billion, exceeding previous guidance. Revenues from home water solutions grew by 39% year over year, significantly driving overall business expansion. The company reversed previous losses, achieving a net income of RMB62.3 million. Viomi Technology Co Ltd (NASDAQ:VIOT) successfully launched new products, such as the Vortex series, which received positive feedback and strong consumer demand. The company established strategic partnerships, including a renewed agreement with Xiaomi and a new partnership with a leading Malaysian home appliance retailer. Gross margin decreased to 22.6% from 32.8% in the same period of 2023, primarily due to a higher revenue contribution from low-gross margin products. Revenues from consumables decreased by 24.6% due to decreased sales of water purifier files sold to Xiaomi. Total operating expenses increased by 6.1% due to higher personnel expenses during the strategic transition period. General and administrative expenses rose by 34.8%, primarily due to higher management personnel expenses. The company faced challenges in maintaining gross margins due to shifts in product mix and strategic reorganization. Q: After the divestment of the IoT business in 2024, what adjustments have been made in business operation and organizational management, and what are the results so far? A: Sam Yang, Head of Capital and Investment Department, explained that the strategic reorganization began in the second half of 2023, elevating the water business to a strategic unit. By the second half of 2024, Viomi completed the reorganization by divesting certain IoT businesses and focusing on water purification. The introduction of the Integrated Product Marketing System (IPMS) has strengthened brand awareness and market share. The full-year net revenue reached RMB2.1 billion, with income from operations totaling RMB155 million, exceeding previous guidance. Q: Could you provide a breakdown of the home water solution in 2024, and are there any new product plans for 2025? A: Sam Yang detailed that home water systems, including smart water purification products, accounted for 71% of total revenue. Consumables contributed 30%, and kitchen appliances and others made up 60%. In 2025, Viomi plans to enhance its product lineup, focusing on healthy drinking water and expanding internationally with features like ice making and instant cooling. Q: How comfortable is Viomi with its expansion strategy in the US and Southeast Asia, and have any partners been named in Malaysia? A: Sam Yang stated that Viomi successfully launched products on Kickstarter and Amazon in the US, receiving high recognition. In Southeast Asia, Viomi established a strategic partnership with Malaysia's largest retailer, planning to launch more products in the region. Q: Have any long-term gross margin goals been identified for different revenue categories? A: Sam Yang mentioned that Viomi aims to improve gross margins through product mix optimization, particularly with the Quinlan series. Consumables have a decent gross margin, and Viomi plans to meet industry averages for other categories. Q: What are Viomi's strategic initiatives for 2025? A: Xiaoping Chen, CEO, outlined four key initiatives: strengthening domestic market presence, driving international market expansion, fortifying the water purification product portfolio, and deepening partnerships to leverage the water purification gigafactory for growth and profitability. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

By Brian Lantier, CFA NASDAQ:VIOT READ THE FULL VIOT RESEARCH REPORT On Tuesday, March 25th, Viomi Technology (NASDAQ:VIOT) released its second half and full year for 2024. As a result of the company’s divestiture of its IoT business in August 2024, the company is a pure-play home water systems and home appliance company. Importantly, the company presented its financial results to show how the continuing operations performed for the first time (the disposed IoT business was reclassified as discontinued operations). Highlights from the company’s earnings release include: • A 43% jump in total revenue home water systems revenue to nearly $176 million in the second half of 2024. Total revenue exceeded our aggressive forecast by 16% or just over $24 million. The company’s primary revenue category – Home Water Systems – saw sales jump more than 58% from the previous year to $126.8 million largely due to demand for its water purification systems. We believe that the company saw stronger than anticipated demand for its Kunlun mineralization system. • As a result of cost control efforts, the company was able to record a net income from continuing operations of $9.8 million which nearly matched results for the first half of 2024. For the full year of 2024 the company recorded $19.8 million of net income from continuing operations with a 6.8% net margin. • While the company reported a combined earnings per ADS of $0.11 for the second half of 2024, more than double our forecast of $0.05/ADS, it is important to note that excluding discontinued operations, the company would have reported earnings per ADS of $0.14 in the second half and $0.29 for the full year of 2024. • While Viomi has established its continuing operations as a profitable home water system provider and home appliance company that represents a significant value for investors at the current ADS price, we believe the company’s strong balance will give the company flexibility to pursue acquisitions and enter new markets that could enable it to deliver growth rates well above our current conservative estimates. We are increasing our 2025 earnings per ADS to $0.32/ADS (up from $0.12/ADS) and introducing a 2026 estimate of $0.40/ADS. • Now that we have a clear vision of the company’s path forward independent of the discontinued operations, we believe the company can begin to close the valuation gap between itself and the larger profitable water systems companies that trade at more than two to three times the earnings multiple that Viomi trades at today. We are boosting our valuation target to $4.50/ADS which still represents more than 100% upside to the current price and yet would still give the company one of the lowest valuations in the sector at 11x earnings. We have noted increased volatility in the company’s shares as trading volumes have increased in recent days and the company was frequently mentioned in a variety of day-trading forums. The stock traded up 25% on the day prior to earnings only to drop 20% on the day after earnings. As with many small-cap stocks, the day-to-day fluctuations in price do not reflect real changes in the fundamentals of the company. SUBSCRIBE TO ZACKS SMALL CAP RESEARCH to receive our articles and reports emailed directly to you each morning. Please visit our website for additional information on Zacks SCR. DISCLOSURE: Zacks SCR has received compensation from the issuer directly, from an investment manager, or from an investor relations consulting firm, engaged by the issuer, for providing research coverage for a period of no less than one year. Research articles, as seen here, are part of the service Zacks SCR provides and Zacks SCR receives quarterly payments totaling a maximum fee of up to $40,000 annually for these services provided to or regarding the issuer. Full Disclaimer HERE.