Viomi Technology Co., Ltd

Viomi is a technology company focused on providing home water solutions globally, utilizing AI technology to improve drinking water. The company operates with an "Equipment + Consumables" business model, which simplifies filter replacement and enhances water quality monitoring through AI technology, intelligent hardware, and software development. This approach aims to increase filter replacement rates, extend filter lifespan, and lower user costs. Viomi operates a "Water Purifier Gigafactory" with an integrated industrial chain designed for efficiency and continuous innovation in water purification, enabling economies of scale and supporting the global adoption of residential water filtration. The business has two main segments: the Viomi business, which includes Viomi-branded products, and the Non-Viomi business, which involves a strategic partnership with Xiaomi. Sales of Viomi-branded products through its own and third-party channels accounted for 21.1% of net revenues in 2023, 17.3% in 2024, and 10.4% in 2025. Sales to Xiaomi, primarily Xiaomi-branded products, constituted 78.9% of net revenues in 2023, 82.7% in 2024, and 89.6% in 2025. Xiaomi is a strategic partner, shareholder, and customer, providing access to its ecosystem users, sales platforms, and data resources.