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Stock impact report

Viomi Technology Co., Ltd Reports First Half of 2024 Unaudited Financial Results

Viomi Technology Co., Ltd - American Depositary Shares (VIOT) 
Last viomi technology co., ltd - american depositary shares earnings: 3/26 06:00 am Check Earnings Report
Company Research Source: PR Newswire
Returning to a net profit position with a net income of RMB5.6 million and a non-GAAP net income[1] of RMB16.1 million.GUANGZHOU, China, Aug. 26, 2024 /PRNewswire/ -- 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, 2024.First Half 2024 Financial and Operating Highlights Net revenues were RMB1,040.2 million (US$143.1 million), compared to RMB1,304.4 million for the same period of 2023.Gross margin increased to 24.8% from 22.0% for the same period of 2023.Net income was RMB5.6 million (US$0.8 million), compared to net loss of RMB57.3 million for the same period of 2023.Number of cumulative household users reached approximately 8.7 million, compared to approximately 8.1 million for the same period of 2023.Estimated Financial Results of the Continuing Businesses[2]The estimated revenues of the Continuing Businesses were more Show less Read more
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