Viomi Technology Co., Ltd Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 23, 2022 at 05:00 am EST
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Viomi Technology Co., Ltd reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CNY 685.82 million compared to CNY 1,056.53 million a year ago. Revenue was CNY 685.82 million compared to CNY 1,056.53 million a year ago. Net loss was CNY 79.57 million compared to CNY 29.26 million a year ago. Basic loss per share from continuing operations was CNY 1.14 compared to CNY 0.42 a year ago. Diluted loss per share from continuing operations was CNY 1.14 compared to CNY 0.42 a year ago.
For the nine months, sales was CNY 2,322.18 million compared to CNY 3,971.02 million a year ago. Revenue was CNY 2,322.18 million compared to CNY 3,971.02 million a year ago. Net loss was CNY 169.17 million compared to net income of CNY 65.93 million a year ago. Basic loss per share from continuing operations was CNY 2.43 compared to basic earnings per share from continuing operations of CNY 0.93 a year ago. Diluted loss per share from continuing operations was CNY 2.43 compared to diluted earnings per share from continuing operations of CNY 0.9 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.
VIOMI TECHNOLOGY CO., LTD 
