openPR Logo
Press release

Focus on AI Water, Completed Strategic Reorganization - Viomi Investor Day

09-27-2024 09:24 PM CET | Energy & Environment

Press release from: Getnews

/ PR Agency: Bit Global News
Focus on AI Water, Completed Strategic Reorganization - Viomi

On September 26, 2024, Viomi Technology Co., Ltd (NASDAQ: VIOT) held its 2024 Investor Day in Shunde, Foshan, where the Founder and CEO Mr. Xiaoping Chen, Head of Capital and Strategy Sam Yang and the investor relations team had in-depth exchanges with more than twenty investor representatives. The open day has several sessions, including visiting the Viomi Tech Park, immersive experience spaces for Viomi's intelligent home water solutions, and the Water Purifier Gigafactory. The company team introduced in details about the production and operation, R&D and innovation, market layout, etc., and had an interactive Q&A session with investor representatives. Investors experienced the charm of Tech Fashion, gained an in-depth understanding of Viomi's industrial layout, and discussed new opportunities for future development.

Image: https://www.getnews.info/uploads/c67336e3c253bd364ac2dc835131df9e.png

At the beginning of the event, investors visited Viomi's intelligent water purification showroom to learn about the company's technological breakthroughs and product innovation history in the field of intelligent water purification. In the past 10 years, Viomi has continued to lead the industry in technological breakthroughs. We developed tankless large-flux water purifiers that provide fresh drinking water 24/7. By upgrading the water flux up to 2000G, we expanded purified water usage scenarios from drinking to cooking, washing vegetables, and more. In addition, we implemented ERO electrodialysis technology to offer adjustable water quality, ranging from pure water to natural mineral water, setting new trends in healthy living. At the Viomi Spring Water Purifier New Product Launch in March 2024, we unveiled the Viomi Kunlun Mineral AI Water Purifier. Its innovative mineralizing filter technology enables the sustained release of beneficial minerals, making the composition of these minerals in the water almost identical to that of natural mineral water, allowing our users to enjoy fresh mineral water at home. Investors are impressed by Viomi's strong production and R&D capabilities and rich product matrix.

Image: https://www.getnews.info/uploads/395e0ddb84a558fe34018f802d96d066.png

During the event, investors also visited Viomi's Water Purifier Gigafactory, intuitively witnessing the highly integrated and complete industrial chain layout, highly automated production lines, high-standard hygiene production environment, as well as the whole chain traceable quality control system. When they learned that the annual production capacity of the gigafactory can reach 5 million units of the water purifier and 30 million filter cartridges, they marveled at the absolute strength of the company's advanced manufacturing.

Image: https://www.getnews.info/uploads/f7528c540e8edf99e83381f645fbb5ac.png

In the interactive Q&A session, investors focused on the industry's competitive landscape, market layout, R&D innovation, business model and other topics to carry out in-depth exchanges and discussions. With the mission of "AI for Better Water", Viomi is committed to using AI technology to provide better home water purification solutions for global users. Using our professional experience in AI technology application, intelligent hardware and software development to redefine household water purification and create a unique "Equipment + Consumables" business model.

On August 31, 2024, the Company has successfully completed the major strategic reorganization, and will mainly focus on its core strengths in the home water solutions to elevate the Company's overall operational trajectory. The reorganization is expected to drive healthy and sustainable long-term growth for the Company. In the meantime, the Company implemented rigorous 'Focus' strategy in the first half of 2024, prioritizing high-quality development and consistently enhancing the operating performance. We concentrated on our advantageous categories, boosting our core home water solution products' revenue while further optimizing our product structure. As a result, our overall gross margin continued to improve to 24.8% for the first half of 2024 from 22.0% for the same period in 2023. Rigorous cost control measures led to a year-over-year decline in operating expenses by 19.2%, contributing to a turnaround in net profit with a net income of RMB5.6 million and a non-GAAP net income of RMB16.1 million. Additionally, we maintained a strong cash position, with free cash assets totaling RMB914.3 million. We also issued the full year guidance in our recent earnings release, with the estimated revenues from the continuing businesses to be between RMB1.7 billion to RMB1.9 billion, and the income from operations between RMB110 million to RMB130 million.

By holding these open day activities, investors experienced our innovative achievements, gained a deeper understanding of Viomi's development history, and felt our R&D and manufacturing strength. Looking forward, we will continue to uphold an open and professional atmosphere, build a closer investor relations network, adhere to the development path of R&D and innovation-driven, market-led, and promote the healthy and sustainable development of the company. In the meantime, increase investor trust and confidence in Viomi, providing long-term returns for investors, and sharing a promising future.

Image: https://www.getnews.info/uploads/62c8e9d8c30086a477ab6de09c79c815.png
Media Contact
Company Name: Viomi Technology Co., Ltd
Contact Person: Xuebo.Li
Email: Send Email [http://www.universalpressrelease.com/?pr=focus-on-ai-water-completed-strategic-reorganization-viomi-investor-day]
Country: China
Website: https://www.viomi.com/



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Focus on AI Water, Completed Strategic Reorganization - Viomi Investor Day here

News-ID: 3671174 • Views:

More Releases from Getnews

Readers' Favorite recognizes
Readers' Favorite recognizes "The Stairway to Heaven" by Tara Springett in its a …
Image: https://www.globalnewslines.com/uploads/2025/09/1757053630.jpg Readers' Favorite recognizes "The Stairway to Heaven" by Tara Springett in its annual international book award contest, currently available at http://www.amazon.com/gp/product/B00TSH7OZ0. The Readers' Favorite International Book Award Contest featured thousands of contestants from over a dozen countries, ranging from new independent authors to NYT best-sellers and celebrities. Image: https://m.media-amazon.com/images/I/412asMHbwJL._SL400_.jpg Readers' Favorite is one of the largest book review and award contest sites on the Internet. They have earned the respect of renowned
Readers' Favorite recognizes
Readers' Favorite recognizes "For Our Friends the Animals" by Robert Echols in i …
Image: https://www.globalnewslines.com/uploads/2025/09/1757053556.jpg Readers' Favorite recognizes "For Our Friends the Animals" by Robert Echols in its annual international book award contest, currently available at http://www.amazon.com/gp/product/B0D54XCRGN. The Readers' Favorite International Book Award Contest featured thousands of contestants from over a dozen countries, ranging from new independent authors to NYT best-sellers and celebrities. Image: https://m.media-amazon.com/images/I/41%2Bk8wx3GTL._SL400_.jpg Readers' Favorite is one of the largest book review and award contest sites on the Internet. They have earned the respect of
Readers' Favorite recognizes
Readers' Favorite recognizes "Heavenly Kids" by Jeff Orlowski in its annual inte …
Image: https://www.globalnewslines.com/uploads/2025/09/1757053425.jpg Readers' Favorite recognizes "Heavenly Kids" by Jeff Orlowski in its annual international book award contest, currently available at http://www.amazon.com/gp/product/B0DKVHHTHY. The Readers' Favorite International Book Award Contest featured thousands of contestants from over a dozen countries, ranging from new independent authors to NYT best-sellers and celebrities. Image: https://m.media-amazon.com/images/I/51LTjSg-5rL._SL400_.jpg Readers' Favorite is one of the largest book review and award contest sites on the Internet. They have earned the respect of renowned publishers like
Author's new book
Author's new book "Time for PsyQ" receives a warm literary welcome
Image: https://www.globalnewslines.com/uploads/2025/09/1757053337.jpg Readers' Favorite announces the review of the Children - Audiobook book "Time for PsyQ" by Marti Ward, currently available at http://www.amazon.com/gp/product/B0FBGWR1Z7. Readers' Favorite is one of the largest book review and award contest sites on the Internet. They have earned the respect of renowned publishers like Random House, Simon & Schuster, and Harper Collins, and have received the "Best Websites for Authors" and "Honoring Excellence" awards from the Association of

All 5 Releases


More Releases for Viomi

AI Gas Stove Market 2025: Growth Insights, Industry Trends & Forecast Analysis | …
LOS ANGELES, United States: QY Research has recently published a research report titled, "AI Gas Stove - Market Insights, Industry Share, Sales Projections, and Demand Outlook 2024-2030" assessing various factors impacting its trajectory. The global AI Gas Stove market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of
AI Dishwasher Market 2025: Growth Prospects, Emerging Trends, and Industry Insig …
LOS ANGELES, United States: QY Research has recently published a research report titled, "AI Dishwasher - Market Insights, Industry Share, Sales Projections, and Demand Outlook 2024-2030" assessing various factors impacting its trajectory. The global AI Dishwasher market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research
VIOMI Introduces Ascle X: A Groundbreaking Health Monitoring Radar at CES 2025
Leading the Way in AI-Powered Elderly Care with Cutting-Edge Technology Las Vegas, Nevada - At CES 2025, VIOMI, a NASDAQ-listed company, has unveiled its revolutionary health-monitoring product: Ascle X - a next-generation blood pressure radar that sets a new standard for eldercare and continuous health monitoring. With its innovative use of millimeter-wave technology and deep AI learning, Ascle X aims to meet the rising demand for non-intrusive, real-time health tracking. Image: https://www.globalnewslines.com/uploads/2025/01/c8ef96093dcdc03c0da396ccd38f74ff.jpg The
Viomi Technology Announces Strategic Business Reorganization to Enhance Core Com …
Viomi's reorganization is significant, on the one hand, divesting loss-making businesses to bring the company's operation into a benign state; on the other hand, focusing on the home water solution business to enhance its core competitiveness, so as to become a tech company that utilizes AI technology to provide better drinking water solutions for global home users. On July 19, 2024, Viomi Technology Co., Ltd (NASDAQ: VIOT) announced that in order
AI Toilet Market is set to Fly High Growth in Years to Come: KARAT, VIOMI, LIXIL
An extensive elaboration of the AI Toilet Market covering the micro level of analysis by competitors and key business segments (2022-2030). The AI Toilet Market, Global Outlook and Forecast explores a comprehensive study on various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
Smart Fridge Market Size, Share | Industry Report, 2028 VIOMI, Hisense, Midea, M …
This Smart Fridge Market report examines the current and projected market potential of Industry. It offers a detailed analysis of the competitive environment, market background, recent advancement, drivers, restraints and market growth trends. The report also includes market projections to 2028. Smart Fridge Market 2022 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- focused