Viomi Technology revenue drops to RMB740 million

• Viomi Technology reported first-half 2026 revenue of RMB740 million, down 49.9% year over year.
• The company reported a RMB26.3 million net loss as operating income turned into a loss.
• Viomi said it continues investing in water system technology and overseas channel expansion.

Viomi Technology (NASDAQ:VIOT) reported unaudited first-half 2026 net revenues of RMB740 million, down 49.9% year over year, as the company faced lower demand following the phase-out of national subsidies and a high prior-year comparison base.

The results compared with RMB1.48 billion in revenue during the same period a year earlier, while gross margin declined to 24.0% from 26.5% as several major product categories recorded lower sales.

Viomi reported gross profit of RMB177.7 million, an operating loss of RMB50.7 million compared with prior operating income of RMB118.8 million, and a net loss attributable to ordinary shareholders of RMB26.3 million compared with net income of RMB120.4 million.

Home water systems revenue declined 55.3% to RMB473.4 million, while consumables revenue increased 6.9% to RMB131.7 million and kitchen appliances and other products revenue fell 54.4% to RMB134.9 million.

Meanwhile, Viomi reduced total operating expenses by 12.2% to RMB247 million, with lower selling and marketing and general and administrative expenses, while research and development expenses increased 7.6% to RMB96.1 million.