Viomi Technology Co., Ltd Reports Second Half and Full Year 2025 Unaudited Financial Results and Announces Special Dividend

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. DIVIDENDThe 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.... Read more

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