Viomi Issued 2024H1 Unaudited Financial Results: Focus on AI Water, Return to Profit
China, 2nd Sep 2024 – On August 26, 2024, Viomi Technology Co., Ltd (NASDAQ: VIOT) issued its first half of 2024 unaudited financial results. Based on the financial report, the net revenues were US$143.1 million, net income attributable to ordinary shareholders of the Company was US$0.8 million. According to the management’s preliminary estimates, excluding the divested businesses, the estimated revenues from the remained businesses, mainly home water solution businesses and others, were more than US$110 million, with an estimated income from operations of more than US$7 million for the first half of 2024. In the meantime, the Company issued the full year guidance with the estimated revenues from the core home water businesses and others to be between US$240 million to US$260 million, and...