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Stock impact report

Viomi Technology Co., Ltd Reports Second Half and Full Year 2023 Unaudited Financial Results [Yahoo! Finance]

Viomi Technology Co., Ltd - American Depositary Shares (VIOT) 
Last viomi technology co., ltd - american depositary shares earnings: 3/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
company in China , today announced its unaudited financial results for the second half and full year ended December 31, 2023 Second Half 2023 Financial and Operating Highlights Net revenues were RMB1,189.0 million US$167.5 million ), compared to RMB1,596.4 million for the second half of 2022. Gross margin increased to 23.8% from 21.6% for the second half of 2022. Number of cumulative household users reached approximately 8.4 million, compared to approximately 7.7 million for the second half of 2022. Percentage of household users with at least two connected products reached 23.0%, compared to 22.5% for the second half of 2022. Full Year 2023 Financial Highlights Net revenues were RMB2,493.4 million US$351.2 million ), compared to RMB3,232.7 million for 2022. Gross margin remained stable at 22.8%, compared to 22.8% for 2022. Mr. Xiaoping Chen , Founder and CEO of Viomi, commented: "In 2023, despite the slowdown in consumption, we implemented our 'Focus' strategy, optim Show less Read more
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