Viomi Technology Highlights FY2025 Growth, Dividend and Global Expansion at Deutsche Bank Conference

Key Points

• Viomi reported FY2025 revenue of RMB 2.4 billion (up 14.6% YoY) with net income of RMB 141.6 million (net margin ~5.8%), a stable gross margin around 25%, and a strong cash position of about RMB 1.3 billion ($188M).
• The company reinforced shareholder returns with a special cash dividend of $0.066 per ADS (total $4.5M) and repurchased ~1.03M ADS for ~$2.5M, which management characterizes as roughly a 5–6% return.
• Viomi is scaling manufacturing and global sales—its Foshan “Gigafactory” produces ~80% of core components in‑house, it holds nearly 2,000 patent applications, launched several new water‑purifier models, and achieved U.S. traction (Vortex ranked 4th in the under‑sink RO tankless segment on Amazon) while prioritizing North America and Southeast Asia expansion despite manageable U.S. tariffs (~35%).

Viomi Technology NASDAQ: VIOT provided a business update at the 30th Deutsche Bank Depositary Receipts Virtual Investor Conference, outlining its fiscal 2025 financial results, recent product and manufacturing developments, and priorities for overseas expansion. The session was led by Claire Ji from investor relations, with Sam Yang, head of the company’s Capital and Investment Department, joining for Q&A.

Fiscal 2025 results and balance sheet

Ji said Viomi’s “core business remained solid” in fiscal 2025, with total revenue of RMB 2.4 billion, up 14.6% year over year. Net income attributable to ordinary shareholders was RMB 141.6 million, representing a net profit margin of 5.8%, and diluted ADS was RMB 0.67. She added the company maintained a “healthy, strong cash position,” citing free cash assets totaling RMB 1.14 billion and total cash assets of RMB 1.3 billion as of the end of 2025 (equal to $188 million).

Ji attributed fluctuations between the first and second halves of the year to the impact of government substitute policies, describing “rapid growth in the first half, followed by a decline in the second half.” She said overall performance stayed resilient and that gross margin would “stay stable around 25%.”

Business mix and profitability focus

Ji broke down Viomi’s revenue into three segments:

• Home water systems: around 70% of revenue
• Consumables: about 10%
• Kitchen appliances and others: around 20%

Home water systems remain the core segment, she said, adding that Viomi expects consumables to rise as water purifier penetration increases, which it believes could improve overall profitability. Ji said net profit margin is “around 6%” under the current structure, while noting a “slight decline” in net profit in 2025 due to increased efforts to expand.

Dividend and buyback activity

Ji highlighted shareholder returns, saying the company declared a special cash dividend on March 2, 2026 of $0.066 per ADS, totaling $4.5 million. She also said that by the end of 2025, Viomi had repurchased about 1.03 million ADS for approximately $2.5 million, describing the activity as reflecting the company’s commitment to enhancing shareholder value.

In the Q&A, Yang said Viomi had “released three times the dividend repatriation” in previous years including the current year, and characterized the shareholder return as “about a 5% to 6% return,” while emphasizing continued global expansion and product line development as drivers of sustainable growth.

Product development and technology roadmap

Ji said Viomi has developed a differentiated technology pathway for natural mineral water and strengthened its smart water purification solutions. She also cited the company’s intellectual property position, stating it has nearly 2,000 global patent applications, including nearly 700 inventions across 14 countries and regions. Ji pointed to technological capabilities including “AI-driven water quality algorithms, precision mineral control, and intelligent self-cleaning.”

She described Viomi’s three main product lines as whole-house filtration systems, under-sink reverse osmosis (RO) products, and countertop products, with under-sink RO currently representing the largest share of revenue.

Ji outlined several 2025 launches:

• Kunlun 4 Pro, introduced in May in the domestic market
• MASTER M1, launched in September on Amazon in the U.S.
• Inno, a compact countertop model tailored for Southeast Asia with mineralization and cooling functions
• Leader series whole-house filtration products, released in December, integrating filtration, softening, and mineralization

She also emphasized software-enabled features such as filter replacement reminders, one-click reordering, and DIY replacement options.

Manufacturing scale-up and global expansion priorities

Ji said Viomi’s water purifier “Gigafactory” is located in Foshan, Guangdong, with 80% of core components manufactured in-house, and described it as one of the industry’s most integrated and highly automated production lines. She said the company achieved milestones in global expansion by commencing full operations of overseas premium product lines, integrating modular functions such as instant heating and cooling and ice making to support differentiated demand in North America, Europe, and Southeast Asia.

On channels, Ji said Viomi uses an omnichannel distribution network with e-commerce platforms, new media channels, and offline outlets, supported by nationwide service centers for after-sales service.

Discussing overseas progress, Ji said the company’s Vortex series saw a Black Friday sales breakthrough in the U.S., ranking fourth in the under-sink RO tankless segment on Amazon and 19th by sales volume across the broader water purifier category on the platform. She also cited an online product launch event in Malaysia attended by the brand’s ambassador, Sheila, to boost brand influence in Southeast Asia.

During Q&A, Yang said North America is a key focus for 2026, covering both Canada and the U.S. He said the company has launched sales in Canada, continues to sell through Amazon in the U.S., and plans to launch offline sales in North America. Yang also said Viomi has a laboratory in Miami.

On additional product rollout, Yang said under-sink models V6 and V8, as well as V6 Pro and V8 Pro, are selling well on Amazon. He said Viomi plans to launch more U.S.-focused products, including countertop units and an “ice coffee machine,” in the second half of next year. For Malaysia, he said Viomi has launched the Inno countertop product and plans to introduce under-sink models as well.

Addressing tariffs, Yang said water purifiers shipped from China to the U.S. are currently subject to a tariff of about 35%, noting it has changed multiple times. He said the impact is manageable because the tariff applies to the cost basis rather than the full sales price, adding that the company has considered other choices, including its own brand strategy in other countries.

Yang also discussed Viomi’s partnership with Xiaomi, calling it a long-term strategic collaboration spanning product R&D and supply chain support. He said Viomi saw “very strong growth” with Xiaomi’s business in 2025 and expects the relationship to support steady growth going forward, while noting near-term challenges tied to subsidy dynamics in China.

Looking ahead, Ji said the company is targeting breakthroughs in four areas: deepening its presence in strategic overseas markets such as North America and Southeast Asia with localized products; strengthening the health-centric positioning of its Kunlun series in China around an “alkaline mineral” concept; expanding global strategic partnerships; and leveraging scale effects from its Gigafactory to improve both scale and efficiency.

About Viomi Technology NASDAQ: VIOT

Viomi Technology Co, Ltd. NASDAQ: VIOT is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety.

At the core of Viomi's offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.

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