Viomi Technology Co., Ltd Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 22, 2022 at 06:00 am EDT
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Viomi Technology Co., Ltd reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CNY 924.22 million compared to CNY 1,658.9 million a year ago. Revenue was CNY 924.22 million compared to CNY 1,658.9 million a year ago. Net loss was CNY 39.62 million compared to net income of CNY 46.07 million a year ago. Basic loss per share from continuing operations was CNY 0.57 compared to basic earnings per share from continuing operations of CNY 0.66 a year ago. Diluted loss per share from continuing operations was CNY 0.57 compared to diluted earnings per share from continuing operations of CNY 0.63 a year ago.
For the six months, sales was CNY 1,636.36 million compared to CNY 2,914.5 million a year ago. Revenue was CNY 1,636.36 million compared to CNY 2,914.5 million a year ago. Net loss was CNY 89.6 million compared to net income of CNY 95.19 million a year ago. Basic loss per share from continuing operations was CNY 1.29 compared to basic earnings per share from continuing operations of CNY 1.38 a year ago. Diluted loss per share from continuing operations was CNY 1.29 compared to diluted earnings per share from continuing operations of CNY 1.29 a year ago.
VIOMI TECHNOLOGY CO., LTD is a China-based company principally engaged in the operation of Internet of Things (IoT) Home platform, through which provides IoT products, together with a suite of complementary consumable products and value-added businesses. The Company is mainly engaged in the research, development and sales of IoT-enabled smart home products, including flagship line of smart water purification systems, smart kitchen products and other smart products. In addition, the Company provides complementary consumable products, including water purifier filters, as well as value-added businesses, including the sales of other products, such as water quality meters and water filter pitchers.