|Over a month ago|
Viomi Technology hosts 5G IoT Strategy & 2020 New Product Launch Event » 08:4705/2205/22/20
Viomi Technology hosted…
Viomi Technology hosted the Company's 5G IoT Strategy and 2020 New Product Launch Event this week. The Company outlined its vision and product strategy for the imminent 5G + IoT era and reemphasized its long-term strategic objectives. A number of new and exciting product lines were introduced across the Company's extensive product portfolio, including the state-of-the-art 21Face Interactive Smart Screen. Viomi's 21Face Interactive Smart Screen will come in four sizes, including a high-end 75-inch model with 5G connectivity and 8K resolution. Supported by 3D interactive sensors, long-distance sensors and a 1080 HD camera, the product enables natural gesture and motion control, while integrating WiFi, Bluetooth, Zigbee and other protocols to deliver functionalities. The Company also introduced its own private home cloud service "Home SaaS" concept, offering media streaming content, cloud storage and improved AI interaction services. In addition, the Company announced the expansion of its premium AI-centric "coKiing" brand, first launched in late 2019, with introductions of additional product categories across home scenarios. Other new products unveiled at the event included new lines of water purification systems with purification technologies, such as the ROX 1600G water purifier product, with large-flux reverse osmosis capabilities. The Company also introduced additions to its lines of 21Face large-screen refrigerators, washing machines, smart kitchen products and smart devices, among others.
|Over a quarter ago|
Fly Intel: Pre-market Movers » 09:0903/2603/26/20
ALK, MRO, SIG, CSIQ, VIOT, UMRX, MU, MOV, F, MCD, EXPE, CAKE, BYND, GRPN
Check out this morning's…
Viomi Technology reports Q4 EPS $1.24, consensus $1.37 » 06:0703/2603/26/20
Reports Q4 revenue…
Reports Q4 revenue RMB1.74B, consensus RMB1.47B. Number of household users reached more than 3.2 million, compared to approximately 2.6 million as of the end of Q3 and approximately 1.7 million as of the end of 4Q18. Percentage of household users with at least two connected products reached 17.9%, compared to 17.1% as of the end of Q3 and 14.3% as of the end of Q4.
Viomi Technology announces $10M share repurchase program » 06:0503/2603/26/20
Viomi Technology announced that the company's Board of Directors had approved a share repurchase program whereby the company is authorized to repurchase up to $10M worth of its Class A ordinary shares in the form of American depositary shares over the next twelve-month period.
Viomi Technology plans investment of RMB1B for IoT Technology Park » 08:1502/2802/28/20
Viomi Technology announced that is has entered into a memorandum of understanding with the local government in Shunde, Guangdong Province, for a planned investment of approximately RMB1B, earmarked for the development of Viomi IoT Technology Park, a comprehensive high-tech industrial campus. The planned facilities, consisting of Viomi's future headquarters and IoT development and manufacturing sites, aim to enhance the Company's supply chain capabilities and promote resource optimization. This investment and development plan will be executed with the strong support of the local government. The Viomi IoT Technology Park will be located on an approximate 254-mu parcel of land and is expected to be completed in two phases over an up to ten-year period. The first phase, geared towards approximately 54 mu, is expected to include the Company's multi-functional headquarters, including a product experience center, research and development center, smart manufacturing center, and centralized hub for sales and customer service functions. The second phase, of approximately 200 mu, is expected to focus on and accommodate additional product development and manufacturing facilities for the Company's IoT products, serving as a focal point of Viomi's expanded supply chain capabilities, while attracting more upstream and downstream corporate and business opportunities.
Viomi Technology upgraded to Buy from Sell at 86 Research 09:4208/2708/27/19
Viomi Technology assumed with a Buy at Needham » 12:5708/2108/21/19
Needham analyst Vincent…
Needham analyst Vincent Yu assumed coverage on Viomi Tehcnology with a Buy and $12.50 price target.