Viomi Technology Co., Ltd (VIOT), a Chinese IoT company, on Monday posted a loss for the second-quarter, amidst a significant decline revenues.
The company attributed the decline revenues to the complete cut-off of sales of Xiaomi-branded sweeper robots this year, as well as its high prior-year base for comparison, and the ongoing product portfolio adjustments in some categories.
For the quarter ended in June, the Guangzhou-headquartered firm posted a net loss attributable to ordinary shareholders at RMB39.61 million or RMB 0.19 per share, compared with a profit of RMB 46.07 million or RMB 0.21 per share, reported a year ago.
Net loss per ADS was at RMB 0.57 per share, compared with a profit of RMB0.62 per share of last year.
Excluding items, loss attributable to ordinary shareholders of the firm was at RMB 33.93 million or RMB 0.16 per share, compared with a profit of RMB 59.50 million or RMB 0.27 per share of previous year quarter.
Adjusted loss per ADS stood at RMB 0.49 per share, versus a profit of RMB 0.80 per share, on year-on-year basis.
Pre-tax loss was totaled at RMB 54.24 million, compared with earnings of RMB 55.62 million, reported for the second quarter of 2021.
Loss from operations stood at RMB 55.61 million that compares with a profit of RMB47.16 million of previous year period.
Total net revenues fell to RMB924.22 million from last year's RMB 1.65 billion.
Looking ahead, for the next quarter, Viomi Technology expects its net revenues to be in the range of RMB740 million - RMB840 million.
For comments and feedback contact: editorial@rttnews.com
Business News
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.