Viomi Technology (VIOT) Registration filing summary

Company overview and business model

• Focuses on AI-driven home water solutions, offering smart water purification systems, consumables, and kitchen appliances.

• Operates a vertically integrated 'Water Purifier Gigafactory' to achieve economies of scale and global reach.

• Business is split between Viomi-branded products and a strategic partnership with Xiaomi, which accounted for 89.6% of net revenues in 2025.

• Recent product launches include AI-powered water purifiers and dispensers tailored for domestic and overseas markets.

• Divested certain IoT @ Home portfolio products in 2024 to focus on core water solutions.

Financial performance and metrics

• Net income attributable to the company was RMB 141.6 million in 2025, up from RMB 63.4 million in 2024 and a loss of RMB 84.7 million in 2023.

• Total revenues for 2025 were RMB 2.43 billion, compared to RMB 2.12 billion in 2024 and RMB 1.64 billion in 2023.

• Cash and cash equivalents at year-end 2025 were RMB 971 million.

• Special dividends of US$0.088 per ADS and US$0.066 per ADS were declared in 2025 and 2026, respectively.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used as set forth in the applicable prospectus supplement.