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6-K 1 form6-k.htm 6-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of August 2026

 

 

 

Commission File Number: 001-38649

 

 

 

Viomi Technology Co., Ltd

 

No. 7 Licun Industrial Avenue, Lunjiao Subdistrict, Shunde District

Foshan, Guangdong, 528308

People’s Republic of China
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒   Form 40-F ☐

 

 

 

 

 

 

Exhibit Index

 

Exhibit 99.1—Press Release

 

 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

VIOMI TECHNOLOGY CO., LTD

 

  By:

/s/ Xiaoping Chen

  Name: Xiaoping Chen
  Title: Chief Executive Officer

 

Date: August 27, 2026

 

 

 

EX-99.1 2 ex99-1.htm EX-99.1

 

Exhibit 99.1

 

Viomi Technology Co., Ltd Reports First Half 2026 Unaudited Financial Results

 

FOSHAN, China, August 27, 2026 – Viomi Technology Co., Ltd (“Viomi”, the “Company” or “we”) (NASDAQ: VIOT), a leading global technology company for home water systems, today announced its unaudited financial results for the six months ended June 30, 2026.

 

First Half 2026 Financial Overview

 

Net revenues were RMB740.0 million (US$109.1 million), compared to RMB1,477.6 million for the same period of 2025.
Gross margin was 24.0%.

 

Mr. Xiaoping Chen, Founder and CEO of Viomi, commented, “During the first half of 2026, the phase-out of national subsidy policies for our core product categories led to a temporary contraction in market demand. Coupled with a high base effect from the prior year, this resulted in a decline in the Company’s total revenues to RMB740.0 million, down 49.9% year over year. Net loss attributable to ordinary shareholders was RMB26.3 million, primarily due to reduced revenue scale alongside our continued strategic investments in overseas market expansion. Despite these temporary headwinds, the Company remained steadfast in its strategic resolve: we steadily expanded our overseas channel network and further strengthened our core technology and product portfolio, reinforcing our foundation for operational improvement and sustainable, high-quality development.”

 

“On overseas channel expansion, the Company is making progress on multiple fronts. In North America, we are leveraging synergies across online and offline channels to accelerate the establishment of a comprehensive market presence. Our Amazon e-commerce business sustained strong momentum with triple-digit year-over-year growth in the first half, including a robust Prime Day performance, where our flagship product V6 Pro ranked among the Top 8 in the under-sink tankless RO category. At the same time, we are actively expanding into offline retail and professional channels to build a more diversified product and brand matrix. Our presence at international trade shows, such as the WQA convention in the United States, has steadily enhanced our professional brand image and global visibility.”

 

“In Southeast Asia, building upon our established channel presence in Malaysia, we have continued to expand our regional footprint, successfully entering the Singapore market and exhibiting at the Consumer Electronics Exhibition 2026 (CEE) in May, further enhancing our brand influence across the region. Additionally, in partnership with overseas strategic clients, we have successfully penetrated the Turkish market, leveraging our Water Purifier Gigafactory’s agile supply chain and quality advantages to add another strategic pillar to our global footprint.”

 

“On the technology and product front, the Company continued to increase R&D investments, focusing on breakthroughs in cooling and ice-making technologies. Our higher-integration product formats are extending usage scenarios from home to office environments, while iterative upgrades to our multi-functional faucets further address increasingly diversified household water usage needs. Our Water Purifier Gigafactory’s modular production lines and agile manufacturing capabilities enable us to rapidly respond to customized product development across multiple categories and regions, while maximizing production efficiency and continuously optimizing manufacturing costs. These capabilities provide a solid foundation for the commercialization and scaled deployment of our technological innovations.”

 

“With respect to shareholder returns, the Company remains committed to its long-term pledge. In March 2026, the Board of Directors approved a special cash dividend of US$0.022 per ordinary share (US$0.066 per ADS), continuing to share the fruits of development with shareholders. Meanwhile, we steadily advanced our share repurchase program: as of June 30, 2026, the Company had cumulatively repurchased approximately 2.4 million ADSs for a total consideration of approximately US$3.8 million, with the remaining authorization of approximately US$16.2 million to be deployed for future repurchases, demonstrating our firm confidence in the Company’s long-term value and future prospects through tangible actions.”

 

 

 

 

“Looking to the second half of the year, the Company will focus on the following key operational improvement initiatives: first, pursuing more targeted expansion in overseas markets, deepening our presence in core strategic markets such as North America and Southeast Asia, while improving localized operational efficiency; second, actively broadening our base of overseas strategic clients to fully leverage our Water Purifier Gigafactory’s scale effects and cost advantages; and third, comprehensively improving operational efficiency and optimizing our cost structure to return to profitability at the earliest opportunity and continue to generate sustainable returns for shareholders,” Mr. Chen concluded.

 

First Half 2026 Financial Results

 

REVENUES

 

Net revenues were RMB740.0 million (US$109.1 million), a decrease of 49.9% from RMB1,477.6 million for the same period of 2025, mainly due to the combined effect of the phase-out of government subsidies for core product categories and the high base in the same period last year.

 

- Home water systems. Revenues from home water systems were RMB473.4 million (US$69.8 million), a decrease of 55.3% from RMB1,058.3 million for the same period of 2025, primarily due to the decline in national subsidies for water purifiers.

 

- Consumables. Revenues from consumables were RMB131.7 million (US$19.4 million), an increase of 6.9% from RMB123.2 million for the same period of 2025, driven by the growing installed base of water purifiers, which boosted consumable revenue and partially offset the broader decline.

 

- Kitchen appliances and others. Revenues from kitchen appliances and others were RMB134.9 million (US$19.9 million), a decrease of 54.4% from RMB296.1 million for the same period of 2025, primarily due to a reduction in orders from Xiaomi, as well as a strategic contraction of Viomi-branded products in this category.

 

GROSS PROFIT

 

Gross profit was RMB177.7 million (US$26.2 million), compared to RMB391.2 million for the same period of 2025. Gross margin was 24.0%, compared to 26.5% for the same period of 2025. The decrease in gross margin was mainly due to the phase-out of national subsidies in the domestic market, which resulted in softer market demand and heightened competition and pricing pressure across our major product categories .

 

OPERATING EXPENSES

 

Total operating expenses were RMB247.0 million (US$36.4 million), a decrease of 12.2% from RMB281.4 million for the same period of 2025, primarily due to decreased general and administrative expenses, as well as a decrease in selling and marketing expenses.

 

Research and development expenses were RMB96.1 million (US$14.2 million), an increase of 7.6% from RMB89.3 million for the same period of 2025, mainly attributable to the expansion of our specialized technical talent pool to support new technology development, alongside higher depreciation and amortization charges arising from new capital investments.

 

 

 

 

Selling and marketing expenses were RMB109.6 million (US$16.1 million), a decrease of 15.1% from RMB129.0 million for the same period of 2025, mainly driven by the reduction in advertising and promotional spending in the domestic market, as well as lower platform service fees and logistics costs in line with revenue scale.

 

General and administrative expenses were RMB41.4 million (US$6.1 million), a decrease of 34.3% from RMB63.0 million for the same period of 2025, primarily attributable to tightened control over personnel expenditures, alongside a reduced allowance for credit losses.

 

INCOME (LOSS) FROM OPERATIONS

 

Loss from operations was RMB50.7 million (US$7.5 million), compared to income from operations of RMB118.8 million for the same period of 2025.

 

Non-GAAP operating loss1 was RMB44.1 million (US$6.5 million), compared to non-GAAP operating income of RMB126.0 million for the same period of 2025.

 

NET INCOME (LOSS)

 

Net loss attributable to ordinary shareholders of the Company was RMB26.3 million (US$3.9 million), compared to net income attributable to ordinary shareholders of the Company of RMB120.4 million for the same period of 2025.

 

Non-GAAP net loss attributable to ordinary shareholders2 of the Company was RMB19.6 million (US$2.9 million), compared to non-GAAP net income attributable to ordinary shareholders of the Company of RMB127.6 million for the same period of 2025.

 

BALANCE SHEET

 

As of June 30, 2026, the Company had cash and cash equivalents of RMB603.8 million (US$89.0 million), restricted cash of RMB153.3 million (US$22.6 million), short-term deposits of RMB279.2 million (US$41.2 million), and short-term investments of RMB120.8 million (US$17.8 million), compared to RMB806.6 million, RMB164.4 million, RMB258.0 million, and RMB82.6 million, respectively, as of December 31, 2025.

 

 

1 “Non-GAAP operating income (loss)” is defined as income (loss) 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.

2 “Non-GAAP net income (loss) attributable to ordinary shareholders of the Company” is defined as net income (loss) 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.

 

 

 

 

About Viomi Technology

 

Viomi’s mission is “AI for Better water,” utilizing AI technology to provide better drinking water solutions for households worldwide.

 

As an industry-leading technology company in home water systems, Viomi has developed a distinctive “Equipment + Consumables” business model. By leveraging its expertise in AI technology, intelligent hardware and software development, the Company simplifies filter replacement and enhances water quality monitoring, thereby increasing the filter replacement rate. Its continuous technological innovations extend filter lifespan and lower user costs, promoting the adoption of water purifiers and supporting a healthy lifestyle while effectively addressing the rising global demand for cleaner, fresher and healthier drinking water. The Company operates a world-leading “Water Purifier Gigafactory” with an integrated industrial chain that boasts optimal efficiency and facilitates continuous breakthroughs in water purification. This state-of-the-art facility enables Viomi to achieve economies of scale and accelerate the global popularization of residential water filtration.

 

For more information, please visit: http://ir.viomi.com.

 

Use of Non-GAAP Measures

 

The Company uses non-GAAP operating income/(loss), non-GAAP net income/(loss), and non-GAAP net income/(loss) attributable to ordinary shareholders of the Company, in evaluating its operating results and for financial and operational decision-making purposes. Non-GAAP operating income/(loss) is income/(loss) from operations excluding share-based compensation expenses. Non-GAAP net income/(loss) is net income/(loss) excluding share-based compensation expenses. Non-GAAP net income/(loss) attributable to ordinary shareholders of the Company is net income/(loss) attributable to ordinary shareholders excluding share-based compensation expenses. The non-GAAP adjustments do not have any tax impact as share-based compensation expenses are non-deductible for income tax purposes.

 

The Company believes that non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, which are non-cash charges, and these measures provide useful information about the Company’s operating results, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

 

Non-GAAP financial measures should not be considered in isolation or construed as alternative to income from operations, net income, or any other measure of performance or as an indicator of the Company’s operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. We encourage investors and others to review its financial information in its entirety and not rely on a single financial measure. Reconciliations of the Company’s non-GAAP financial measures to the most directly comparable GAAP measures are included at the end of this press release.

 

Exchange Rate

 

The Company’s business is primarily conducted in China and the significant majority of revenues generated are denominated in Renminbi (“RMB”). This announcement contains currency conversions of RMB amounts into U.S. dollars (“US$”) solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to US$ are made at a rate of RMB6.7851 to US$1.00, the effective noon buying rate for June 30, 2026, as set forth in the H.10 statistical release of the Federal Reserve Board. No representation is made that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on June 30, 2026, or at any other rate.

 

 

 

 

Safe Harbor Statement

 

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the estimated revenue and income from operations from the Continuing Businesses, the business outlook and quotations from management in this announcement, as well as Viomi’s strategic and operational plans, contain forward-looking statements. Viomi may also make written or oral forward-looking statements in its periodic reports to the United States Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies; the cooperation with Xiaomi; recognition of the Company’s brand; trends and competition in the global IoT-enabled smart home market; the development and commercialization of new products, services and technologies; governmental policies and the relevant regulatory environment relating to the Company’s industry and/or aspects of its business operations; general economic conditions in China and around the globe; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

 

For investor and media inquiries, please contact:

 

In China:

 

Viomi Technology Co., Ltd

Claire Ji

E-mail: ir@viomi.com.cn

 

Piacente Financial Communications

Jenny Cai

Tel: +86-10-6508-0677

E-mail: viomi@tpg-ir.com

 

In the United States:

 

Piacente Financial Communications

Brandi Piacente

Tel: +1-212-481-2050

E-mail: viomi@tpg-ir.com

 

 

 

 

VIOMI TECHNOLOGY CO., LTD

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(All amounts in thousands, except shares, ADS, per share and per ADS data)

 

    As of December 31,     As of June 30,  
    2025     2026     2026  
    RMB     RMB     US$  
Assets                        
Current assets                        
Cash and cash equivalents     806,599       603,790       88,988  
Restricted cash     164,431       153,338       22,599  
Short-term deposits     257,950       279,247       41,156  
Short-term investments     82,598       120,805       17,804  
Accounts and notes receivable from third parties     24,535       27,015       3,982  
Accounts receivable from related parties     340,173       389,918       57,467  
Other receivables from related parties     200       537       79  
Inventories, net     126,879       116,355       17,149  
Prepaid expenses and other current assets     157,096       99,361       14,644  
Total current assets     1,960,461       1,790,366       263,868  
                         
Non-current assets                        
Prepaid expenses and other non-current assets     19,055       14,893       2,195  
Property, plant and equipment, net     305,432       311,399       45,895  
Long-term deposits     20,101       20,260       2,986  
Deferred tax assets     8,415       21,737       3,204  
Intangible assets, net     6,255       5,631       830  
Right-of-use assets, net     1,646       653       96  
Land use rights, net     56,631       55,995       8,253  
Long-term investment     12,952       36,302       5,350  
Total non-current assets     430,487       466,870       68,809  
                         
Total assets     2,390,948       2,257,236       332,677  
                         
Liabilities and shareholders’ equity                        
Current liabilities                        
Accounts and notes payable     517,878       473,936       69,850  
Advances from customers     10,153       12,275       1,809  
Amount due to related parties     596       2,668       393  
Accrued expenses and other liabilities     157,043       138,854       20,466  
Short-term borrowing     40,000       50,000       7,369  
Income tax payables     1,439       5,261       775  
Lease liabilities due within one year     1,310       453       67  
Long-term borrowing – current portion     25,061       24,959       3,679  
Total current liabilities     753,480       708,406       104,408  
                         
Non-current liabilities                        
Accrued expenses and other liabilities – non-current portion     53,117       51,108       7,532  
Long-term borrowing     51,666       39,187       5,775  
Lease liabilities     421       237       35  
Total non-current liabilities     105,204       90,532       13,342  
                         
Total liabilities     858,684       798,938       117,750  
                         
Shareholders’ equity                        
Class A Ordinary Shares (US$0.00001 par value; 4,800,000,000 shares authorized; 99,200,641 and 95,171,125 shares issued and outstanding as of December 31, 2025 and June 30, 2026, respectively)     6       6       1  
Class B Ordinary Shares (US$0.00001 par value; 150,000,000 shares authorized; 102,764,548 and 102,674,548 shares issued and outstanding as of December 31, 2025 and June 30,
2026, respectively)
    6       6       1  
Treasury stock     (103,085 )     (112,527 )     (16,584 )
Additional paid-in capital     1,414,499       1,421,133       209,449  
Retained earnings     226,317       169,764       25,020  
Accumulated other comprehensive loss     (11,080 )     (25,204 )     (3,715 )
                         
Total equity attributable to shareholders of the Company     1,526,663       1,453,178       214,172  
                         
Non-controlling interests     5,601       5,120       755  
                         
Total shareholders’ equity     1,532,264       1,458,298       214,927  
                         
Total liabilities and shareholders’ equity     2,390,948       2,257,236       332,677  

 

 

 

 

VIOMI TECHNOLOGY CO., LTD

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

COMPREHENSIVE INCOME

(All amounts in thousands, except shares, ADS, per share and per ADS data)

 

    Six Months Ended  
    June 30,     June 30,     June 30,  
    2025     2026     2026  
    RMB     RMB     US$  
Net revenues:                        
A related party     1,360,966       666,138       98,177  
Third parties     116,653       73,858       10,885  
Total net revenues     1,477,619       739,996       109,062  
                         
Cost of revenues     (1,086,467 )     (562,316 )     (82,875 )
                         
Gross profit     391,152       177,680       26,187  
                         
Operating expenses                        
Research and development expenses     (89,313 )     (96,059 )     (14,157 )
Selling and marketing expenses     (129,034 )     (109,556 )     (16,147 )
General and administrative expenses     (63,029 )     (41,401 )     (6,102 )
                         
Total operating expenses     (281,376 )     (247,016 )     (36,406 )
                         
Other income, net     9,071       18,604       2,742  
                         
Income (loss) from operations     118,847       (50,732 )     (7,477 )
                         
Interest and investment income, net     18,687       14,479       2,134  
                         
Income (loss) before income tax expenses     137,534       (36,253 )     (5,343 )
                         
Income tax (expenses) benefits     (17,006 )     9,486       1,398  
                         
Net income (loss)     120,528       (26,767 )     (3,945 )
                         
Less: Net income (loss) attributable to the non-controlling interest shareholders     133       (481 )     (71 )
                         
Net income (loss) attributable to ordinary shareholders of the Company     120,395       (26,286 )     (3,874 )
                         
Other comprehensive loss, net of tax:                        
Foreign currency translation adjustment     (3,875 )     (14,124 )     (2,082 )
                         
Total comprehensive income (loss) attributable to ordinary shareholders of the Company     116,520       (40,410 )     (5,956 )
                         
Net income (loss) per ADS*                        
-Basic     1.77       (0.39 )     (0.06 )
-Diluted     1.75       (0.39 )     (0.06 )
                         
Weighted average number of ADS used in calculating net income (loss) per ADS                        
-Basic     67,952,145       67,021,728       67,021,728  
-Diluted     68,621,698       67,960,939       67,960,939  
                         
Net income (loss) per share attributable to ordinary shareholders of the Company                        
-Basic     0.59       (0.13 )     (0.02 )
-Diluted     0.58       (0.13 )     (0.02 )
                         
Weighted average number of ordinary shares used in calculating net income (loss) per share                        
-Basic     203,856,436       201,065,185       201,065,185  
-Diluted     205,865,093       203,882,817       203,882,817  
                         
*Each ADS represents 3 ordinary shares.                        
                         
(1) Share-based compensation was allocated in operating expenses as follows:                        
                         
General and administrative expenses     3,058       2,903       428  
Research and development expenses     2,992       1,881       277  
Selling and marketing expenses     1,110       1,888       278  

 

 

 

 

VIOMI TECHNOLOGY CO., LTD

Reconciliations of GAAP and Non-GAAP Results

(All amounts in thousands, except shares, ADS, per share and per ADS data)

 

    Six Months Ended  
    June 30,     June 30,     June 30,  
    2025     2026     2026  
    RMB     RMB     US$  
Income (loss) from operations     118,847       (50,732 )     (7,477 )
Share-based compensation expenses     7,160       6,672       983  
                         
Non-GAAP operating income (loss)     126,007       (44,060 )     (6,494 )
                         
Net income (loss)     120,528       (26,767 )     (3,945 )
Share-based compensation expenses     7,160       6,672       983  
                         
Non-GAAP net income (loss)     127,688       (20,095 )     (2,962 )
                         
Net income (loss) attributable to ordinary shareholders of the Company     120,395       (26,286 )     (3,874 )
Share-based compensation expenses     7,160       6,672       983  
                         
Non-GAAP net income (loss) attributable to ordinary shareholders of the Company     127,555       (19,614 )     (2,891 )
                         
Non-GAAP net income (loss) per ADS                        
-Basic     1.88       (0.29 )     (0.04 )
-Diluted     1.86       (0.29 )     (0.04 )
                         
Weighted average number of ADS used in calculating Non-GAAP net income (loss) per ADS                        
-Basic     67,952,145       67,021,728       67,021,728  
-Diluted     68,621,698       67,960,939       67,960,939  
                         
Non-GAAP net income (loss) per ordinary share                        
-Basic     0.63       (0.10 )     (0.01 )
-Diluted     0.62       (0.10 )     (0.01 )
                         
Weighted average number of ordinary shares used in calculating Non-GAAP net income (loss) per share                        
-Basic     203,856,436       201,065,185       201,065,185  
-Diluted     205,865,093       203,882,817       203,882,817