VIOTNasdaqHousehold AppliancesUS GAAP · USD

Viomi Technology Co., Ltd

Viomi Technology Co., Ltd designs and sells home water solutions, with a business centered on water purifiers and related smart-hardware products. The company is based in Guangzhou, China and operates as an international issuer listed in the United States through ADSs.

Liikevaihto2 428milj. USD
+14,6 %v/v
Liikevoitto (EBIT)129milj. USD
−17,8 %v/v
EBIT-marginaali5,3%
−2,1 %-yks.v/v
Nettotulos142milj. USD
+127,7 %v/v
Vapaa kassavirta113milj. USD
−83,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

02 0004 0006 000milj. USD2020: 5 826 milj. USD20202021: 5 304 milj. USD20212022: 3 233 milj. USD20222023: 2 493 milj. USD20232024: 2 119 milj. USD2024: EBIT 156 milj. USD20242025: 2 428 milj. USD2025: EBIT 129 milj. USD20252 428129
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Water purifiers60 %

Residential purification units that filter and improve tap water for household use.

Filters and consumables25 %

Recurring replacement cartridges and consumable parts used with installed purifiers.

Smart water devices10 %

Connected hardware and software features that monitor water quality and usage.

Other home water solutions5 %

Adjacency products and services related to residential drinking-water systems.

Asiakkaat

Viomi primarily sells to households that want cleaner, safer drinking water at home, with demand tied to replacement cycles and product installation. It also serves buyers that value connected appliance features, such as water-quality monitoring and easier filter replacement. The business model depends on both initial equipment sales and recurring consumable purchases from installed users.

Residential households

Families and individual consumers buying purifiers to improve drinking-water quality at home.

Installed base users

Owners of Viomi systems who purchase replacement filters and consumables over time.

Smart-appliance buyers

Consumers attracted to connected hardware and water-quality monitoring features.

International retail channels

Channel partners and end users outside China that buy residential water solutions.

Strategia

Viomi’s strategy centers on combining intelligent hardware, software, and consumables to make water purification a recurring business rather than a one-time appliance sale. The company also emphasizes manufacturing scale through its water-purifier gigafactory, which supports cost efficiency, product development, and broader adoption of residential filtration.

Increase recurring consumables penetrationLyhyt aikaväli

Recurring filter replacements improve monetization of the installed base and stabilize demand.

Strengthen product technology and monitoringKeskipitkä aikaväli

AI and water-quality monitoring differentiate the offering and support premium consumer appeal.

Scale manufacturing and supply-chain integrationKeskipitkä aikaväli

The gigafactory and integrated industrial chain are intended to improve efficiency and support volume growth.

Maantiede

Viomi is rooted in China, where its headquarters and operating base are located in Guangzhou. The company also describes a global residential-water ambition and maintains investor-relations and public-company links to the United States through its NASDAQ listing. Geography matters because demand for home water filtration, distribution reach, and service networks can vary materially by market.

Riskit

Viomi’s business depends on consumer adoption of home water purification and on repeat filter replacement, so demand can be sensitive to channel execution and product relevance. The company also faces typical appliance risks such as competition, product reliability, and supply-chain complexity, while its China-centered operations create concentration and regulatory exposure.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Dependence on consumable replacement rates1China concentration2Competitive pressure in home appliances3Product quality and after-sales service4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Dependence on consumable replacement ratesVaikutus: KorkeaTodennäköisyys: Korkea

    The model relies on customers regularly replacing filters after purchasing equipment.

    Kohdistuu: Installed base monetization

  2. China concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Operations and management are centered in mainland China, so local market and policy changes matter.

    Kohdistuu: Operations and demand

  3. Competitive pressure in home appliancesVaikutus: KeskitasoTodennäköisyys: Korkea

    Water purification is a crowded consumer category with price and feature competition.

    Kohdistuu: Pricing and market share

  4. Product quality and after-sales serviceVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Water appliances require reliable performance and ongoing support to retain customer trust.

    Kohdistuu: Brand and warranties

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Equipment sales and consumables can have different delivery and recognition timing.

Vaikutus: Affects period-to-period revenue mix and comparability

Warranty provisions

Home appliances can generate post-sale service and replacement obligations.

Vaikutus: Affects operating expenses and liabilities

Inventory valuation

Consumer hardware and filters can become obsolete or require write-downs.

Vaikutus: Affects gross profit and balance sheet carrying values

Property, plant and equipment depreciation

The gigafactory and manufacturing assets require ongoing depreciation estimates.

Vaikutus: Affects operating costs and asset values

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 28.9.2026