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Diamond Equity Research Releases Update Note on Viomi Technology Co Ltd (NASDAQ: VIOT) #Water purifier #Viomi

Diamond Equity Research Releases Update Note on Viomi Technology Co Ltd (NASDAQ: VIOT)

New York, NY, Aug. 28, 2024 -- Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies released an Update Note on Viomi Technology Co., Ltd. . The update note includes detailed information on the Viomi Technology’s business model, services, industry, financial results, management commentary, valuation, and risks.Valuation: Viomi's strategic realignments and operational improvements have set a promising trajectory for sustained financial health and profitable growth. By prioritizing high-margin and profitable home water solutions and d

Diamond Equity Research Releases Update Note on Viomi Technology Co Ltd (NASDAQ: VIOT)

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The update note includes detailed information on the Viomi Technology’s business model, services, industry, financial results, management commentary, valuation, and risks.Valuation: Viomi's strategic realignments and operational improvements have set a promising trajectory for sustained financial health and profitable growth. By prioritizing high-margin and profitable home water solutions and d","content":"<html><body>New York, NY, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies released an Update Note on Viomi Technology Co., Ltd. (NASDAQ: VIOT). The update note includes detailed information on the Viomi Technology’s business model, services, industry, financial results, management commentary, valuation, and risks.\nThe update note is available below. \nViomi Technology August 2024 Update Note \nHighlights from the note include:\n<ul type=\"disc\">\n<li>Profitability Returns Targeting Growth to Follow, Driven by an Optimized Product Portfolio: In the first half of 2024, the company reported a decline in net revenues to RMB 1,040.2 million from RMB 1,304.4 million in the same period of 2023, attributed mainly to a strategic shift towards home water solutions and a reduction in the IoT@Home and small appliances segments. The estimated revenues of the continuing businesses exceeded RMB 800 million, reflecting a significant contribution to the overall financial performance. Even though the gross profit decreased to RMB 258.1 million with the decrease in revenues, the gross margin expanded by 280 bps to 24.8% due to increased sales in higher-margin core products. Operating expenses saw a notable decrease of 19.2% to RMB 292.3 million, driven by strategic cost management and operational efficiency improvements, including a significant reduction in selling and marketing expenses through optimized sales channels and product mix adjustments partially offset by a slight increase in general and administrative expenses. This financial recalibration reflects the company's focus on streamlining operations and concentrating on more profitable product categories while managing costs effectively across expense categories. This financial restructuring led to the company achieving profitability in the first half of 2024, reporting a net profit of RMB 6.0 million and reversing a significant net loss of RMB 54.9 million from the previous year. Moreover, the company’s continuing business contributed RMB 50 million in income from operations in the first half of 2024. The company concluded H1 2024 with a robust financial standing, with cash and cash equivalents amounting to RMB 701.6 million compared to RMB 491.7 million as of December 31, 2023. The company also reported increases in restricted cash to RMB 206.9 million, with short-term deposits and short-term investments being valued at RMB 152.6 million and RMB 60.1 million, respectively, reflecting a well-structured financial asset base. In addition to the significant cash and liquid assets reserves, the company will also receive a total consideration of RMB 65 million in cash following the divesture of certain IoT@Home portfolio products. </li>\n<li>Valuation:   Viomi's strategic realignments and operational improvements have set a promising trajectory for sustained financial health and profitable growth. By prioritizing high-margin and profitable home water solutions and divesting less lucrative IoT@Home segments, Viomi has streamlined its focus on core competencies. Key initiatives, such as introducing new AI-driven products like the Viomi Kunlun Mineral AI Water Purifier, enhancing partnerships to maximize the benefits of its Water Purifier Gigafactory, increasing market share in the domestic water purification market, and pursuing growth in key international markets, are integral to Viomi's strategy. These developments, combined with a strong financial position and a focus on profitable and growing business segments, are expected to contribute to shareholder value creation. Furthermore, the company is currently trading near its cash position, suggesting that the market may be undervaluing growth prospects. We have updated our financial model to incorporate the divestiture of specific IoT@Home portfolio products, leading to revised revenue projections and higher margin expectations. This update also reflects the latest financial results and an adjusted share count. Additionally, we have refined our comparable company analysis, replacing businesses that no longer align with Viomi's refocused strategy and operational profile. Incorporating these adjustments, our valuation model yields a value of $5.00 per share, contingent on successful execution by the company. </li>\n<li>Strategic Divestiture of IoT@Home Portfolio to Focus on Home Water Solutions Products: Viomi Technology Co., Ltd has announced a strategic initiative to intensify its focus on the home water solutions market. The company has entered into definitive agreements with its founder, Chairman of the Board, and CEO, Mr. Xiaoping Chen, along with an entity controlled by Mr. Chen, to divest its IoT@Home portfolio products (excluding range hoods, gas stoves, and water heaters) for RMB 65 million in cash. The restructuring is expected to be completed by the end of August 2024. In our view, given the increasing competition in the IoT and smart home market, Viomi’s decision to divest its IoT@Home portfolio and concentrate on the home water solutions sector is a prudent strategy. The global demand for advanced water purification and management systems remains high and largely unmet. By reallocating resources and focus to this niche, Viomi positions itself to address a critical need, potentially capturing significant market share in a large and growing industry. This strategic refocus could lead to enhanced innovation, improved product offerings, and a stronger market presence in the water technology space. </li>\n<li>Impact of Viomi's Strategic Restructuring on Core Business and Efficiency: Viomi's divestment of loss-making businesses is a pivotal move aimed at streamlining operations, improving financial health, and reinforcing its focus on core home water solutions. This restructuring is a key component of Viomi's broader strategy to optimize its operational framework and enhance overall efficiency: \n<ul type=\"circle\">\n<li>Optimization of Operating Structure: Viomi's major restructuring is a strategic initiative designed to optimize its operating structure, improve overall efficiency, and sharpen its focus on the core business of home water solutions. By divesting loss-making businesses, Viomi aims to achieve a more favorable operational position and maximize its key strengths. The company will strategically concentrate on household water solutions and related products, utilizing AI technology to deliver superior drinking water solutions for consumers. With over a decade of specialized experience in the water purification industry, Viomi has distinguished itself through its unique 'Equipment + Consumables' business model, which not only drives recurring revenue but also deepens customer engagement. By leveraging this model and its innovation capabilities, Viomi is well-positioned to maintain its competitive edge and deliver long-term value to shareholders. </li>\n<li>Driving Product Innovation in Water Purification: Viomi has consistently led the way in technological innovation within the water purification industry. Over the past decade, the company has introduced several groundbreaking products, such as tankless large-flux water purifiers that ensure a continuous supply of fresh drinking water. By enhancing water flux to 2000G, Viomi has expanded the applications of purified water from drinking to cooking and washing, broadening its utility in daily life. The company’s ERO electrodialysis technology further exemplifies its innovative edge, offering adjustable water quality options, from pure to mineralized, tailored to different preferences. The launch of the Viomi Kunlun Mineral AI Water Purifier in March 2024, featuring a unique mineralizing filter, marks another milestone in product innovation. This technology replicates the composition of natural mineral water, allowing users to enjoy fresh, mineral-rich water at home. Spanning kitchen, living room, and whole-house applications, Viomi’s diverse product lineup effectively addresses the growing global demand for cleaner, fresher, and healthier drinking water. </li>\n<li>Technological Advancements with AI Integration: Viomi's commitment to continuous research and development is evident in its technological innovations, such as fresh large flux direct drinking water technology, three-dimensional integrated water circuits, ERO electrodialysis water quality adjustment technology, and 10-year long-lasting filter cartridges. These advancements have consistently improved the quality of life for consumers. Furthermore, Viomi's integration of AI technology in its water purifiers offers real-time water quality display, remote monitoring, proactive reminders, and intelligent waterway self-cleaning technology, enhancing user experience. </li>\n<li>Increased Production Capabilities and International Expansion: The consolidation of Viomi's Water Purifier Gigafactory, with an annual production capacity of 5 million units and 30 million filter cartridges, exemplifies its integrated and automated production capabilities. The gigafactory's comprehensive industrial chain and high-standard hygienic production processes ensure end-to-end traceable quality control. Additionally, Viomi has recruited top industry talents and developed omni-channel marketing and service capabilities in China, while actively expanding into the U.S. and other international markets. </li>\n<li>Future Prospects: Looking ahead, Viomi will focus on maximizing the strengths of its water purifier gigafactory, building a robust industrial chain system, achieving scale efficiency, and enhancing its brand impact. We believe that Viomi's reorganization is significant, as it not only improves the company's financial health by divesting loss-making businesses but also enhances its competitiveness in the home water solution market. This strategic focus is expected to help Viomi provide better drinking water solutions for global home users. </li>\n</ul> </li>\n</ul>\nAbout Viomi Technology Co., Ltd. \nViomi Technology Co., Ltd, a leading Chinese innovator in home water purification, leverages advanced AI and IoT technology to deliver cutting-edge solutions. With significant R&amp;D investment and the Viomi AI Water Purification Technology Park, Viomi addresses global demands for high-efficiency, advanced water purification systems\nAbout Diamond Equity Research\nDiamond Equity Research is a leading equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.\nFor more information, visit https://www.diamondequityresearch.com.\nDisclosures:\nDiamond Equity Research LLC is being compensated by Viomi Technology Co., Ltd (NASDAQ:VIOT) for producing research materials regarding Viomi Technology Co., Ltd and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however, the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for an annual or semi-annual research engagement. As of 08/28/24, the issuer had paid us $38,720 for our research services consisting of $34,985 ($35,000 contract, fee reflects wire charge) for our annual research services, which commenced 10/16/23 and is billed annually and $3,735($3,750 payment, fee reflects wire charge) for a one-time research note update. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. Diamond Equity Research LLC has been paid $2,500 by a third-party affiliate on behalf of Viomi Technologies Inc. to present at our emerging growth conference, with authorization from company. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences. Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment. Investors need to be aware of the high degree of risk in small capitalization equities including the complete potential loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for Viomi Technology Co., Ltd.\nContact:\n Diamond Equity Research research@diamondequityresearch.com \n Attachment \n<ul>\n<li> Viomi Technology August 2024 Update Note </li>\n</ul>\n </body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Diamond Equity Research Releases Update Note on Viomi Technology Co Ltd (NASDAQ: VIOT)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDiamond Equity Research Releases Update Note on Viomi Technology Co Ltd (NASDAQ: VIOT)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-28 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/diamond-equity-research-releases-note-120000797.html>GlobeNewswire</a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\nNew York, NY, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies released an Update Note on Viomi ...\n\n<a href=\"https://finance.yahoo.com/news/diamond-equity-research-releases-note-120000797.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIOT":"云米科技","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","BK4191":"家用电器","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4215":"住宅房地产投资信托","SQQQ":"纳指三倍做空ETF","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","BK4585":"ETF&股票定投概念","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","EQR":"资产住宅公司","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","NDAQ":"纳斯达克OMX交易所","BK4579":"人工智能","BK4588":"碎股",".IXIC":"NASDAQ Composite","TQQQ":"纳指三倍做多ETF","BK4112":"金融交易所和数据","QID":"纳指两倍做空ETF"},"source_url":"https://finance.yahoo.com/news/diamond-equity-research-releases-note-120000797.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2462454273","content_text":"New York, NY, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Diamond Equity Research, a leading equity research firm with a focus on small capitalization public companies released an Update Note on Viomi Technology Co., Ltd. (NASDAQ: VIOT). The update note includes detailed information on the Viomi Technology’s business model, services, industry, financial results, management commentary, valuation, and risks.\nThe update note is available below.\nViomi Technology August 2024 Update Note\nHighlights from the note include:\n\nProfitability Returns Targeting Growth to Follow, Driven by an Optimized Product Portfolio: In the first half of 2024, the company reported a decline in net revenues to RMB 1,040.2 million from RMB 1,304.4 million in the same period of 2023, attributed mainly to a strategic shift towards home water solutions and a reduction in the IoT@Home and small appliances segments. The estimated revenues of the continuing businesses exceeded RMB 800 million, reflecting a significant contribution to the overall financial performance. Even though the gross profit decreased to RMB 258.1 million with the decrease in revenues, the gross margin expanded by 280 bps to 24.8% due to increased sales in higher-margin core products. Operating expenses saw a notable decrease of 19.2% to RMB 292.3 million, driven by strategic cost management and operational efficiency improvements, including a significant reduction in selling and marketing expenses through optimized sales channels and product mix adjustments partially offset by a slight increase in general and administrative expenses. This financial recalibration reflects the company's focus on streamlining operations and concentrating on more profitable product categories while managing costs effectively across expense categories. This financial restructuring led to the company achieving profitability in the first half of 2024, reporting a net profit of RMB 6.0 million and reversing a significant net loss of RMB 54.9 million from the previous year. Moreover, the company’s continuing business contributed RMB 50 million in income from operations in the first half of 2024. The company concluded H1 2024 with a robust financial standing, with cash and cash equivalents amounting to RMB 701.6 million compared to RMB 491.7 million as of December 31, 2023. The company also reported increases in restricted cash to RMB 206.9 million, with short-term deposits and short-term investments being valued at RMB 152.6 million and RMB 60.1 million, respectively, reflecting a well-structured financial asset base. In addition to the significant cash and liquid assets reserves, the company will also receive a total consideration of RMB 65 million in cash following the divesture of certain IoT@Home portfolio products.\nValuation:   Viomi's strategic realignments and operational improvements have set a promising trajectory for sustained financial health and profitable growth. By prioritizing high-margin and profitable home water solutions and divesting less lucrative IoT@Home segments, Viomi has streamlined its focus on core competencies. Key initiatives, such as introducing new AI-driven products like the Viomi Kunlun Mineral AI Water Purifier, enhancing partnerships to maximize the benefits of its Water Purifier Gigafactory, increasing market share in the domestic water purification market, and pursuing growth in key international markets, are integral to Viomi's strategy. These developments, combined with a strong financial position and a focus on profitable and growing business segments, are expected to contribute to shareholder value creation. Furthermore, the company is currently trading near its cash position, suggesting that the market may be undervaluing growth prospects. We have updated our financial model to incorporate the divestiture of specific IoT@Home portfolio products, leading to revised revenue projections and higher margin expectations. This update also reflects the latest financial results and an adjusted share count. Additionally, we have refined our comparable company analysis, replacing businesses that no longer align with Viomi's refocused strategy and operational profile. Incorporating these adjustments, our valuation model yields a value of $5.00 per share, contingent on successful execution by the company.\nStrategic Divestiture of IoT@Home Portfolio to Focus on Home Water Solutions Products: Viomi Technology Co., Ltd has announced a strategic initiative to intensify its focus on the home water solutions market. The company has entered into definitive agreements with its founder, Chairman of the Board, and CEO, Mr. Xiaoping Chen, along with an entity controlled by Mr. Chen, to divest its IoT@Home portfolio products (excluding range hoods, gas stoves, and water heaters) for RMB 65 million in cash. The restructuring is expected to be completed by the end of August 2024. In our view, given the increasing competition in the IoT and smart home market, Viomi’s decision to divest its IoT@Home portfolio and concentrate on the home water solutions sector is a prudent strategy. The global demand for advanced water purification and management systems remains high and largely unmet. By reallocating resources and focus to this niche, Viomi positions itself to address a critical need, potentially capturing significant market share in a large and growing industry. This strategic refocus could lead to enhanced innovation, improved product offerings, and a stronger market presence in the water technology space.\nImpact of Viomi's Strategic Restructuring on Core Business and Efficiency: Viomi's divestment of loss-making businesses is a pivotal move aimed at streamlining operations, improving financial health, and reinforcing its focus on core home water solutions. This restructuring is a key component of Viomi's broader strategy to optimize its operational framework and enhance overall efficiency:\n\nOptimization of Operating Structure: Viomi's major restructuring is a strategic initiative designed to optimize its operating structure, improve overall efficiency, and sharpen its focus on the core business of home water solutions. By divesting loss-making businesses, Viomi aims to achieve a more favorable operational position and maximize its key strengths. The company will strategically concentrate on household water solutions and related products, utilizing AI technology to deliver superior drinking water solutions for consumers. With over a decade of specialized experience in the water purification industry, Viomi has distinguished itself through its unique 'Equipment + Consumables' business model, which not only drives recurring revenue but also deepens customer engagement. By leveraging this model and its innovation capabilities, Viomi is well-positioned to maintain its competitive edge and deliver long-term value to shareholders.\nDriving Product Innovation in Water Purification: Viomi has consistently led the way in technological innovation within the water purification industry. Over the past decade, the company has introduced several groundbreaking products, such as tankless large-flux water purifiers that ensure a continuous supply of fresh drinking water. By enhancing water flux to 2000G, Viomi has expanded the applications of purified water from drinking to cooking and washing, broadening its utility in daily life. The company’s ERO electrodialysis technology further exemplifies its innovative edge, offering adjustable water quality options, from pure to mineralized, tailored to different preferences. The launch of the Viomi Kunlun Mineral AI Water Purifier in March 2024, featuring a unique mineralizing filter, marks another milestone in product innovation. This technology replicates the composition of natural mineral water, allowing users to enjoy fresh, mineral-rich water at home. Spanning kitchen, living room, and whole-house applications, Viomi’s diverse product lineup effectively addresses the growing global demand for cleaner, fresher, and healthier drinking water.\nTechnological Advancements with AI Integration: Viomi's commitment to continuous research and development is evident in its technological innovations, such as fresh large flux direct drinking water technology, three-dimensional integrated water circuits, ERO electrodialysis water quality adjustment technology, and 10-year long-lasting filter cartridges. These advancements have consistently improved the quality of life for consumers. Furthermore, Viomi's integration of AI technology in its water purifiers offers real-time water quality display, remote monitoring, proactive reminders, and intelligent waterway self-cleaning technology, enhancing user experience.\nIncreased Production Capabilities and International Expansion: The consolidation of Viomi's Water Purifier Gigafactory, with an annual production capacity of 5 million units and 30 million filter cartridges, exemplifies its integrated and automated production capabilities. The gigafactory's comprehensive industrial chain and high-standard hygienic production processes ensure end-to-end traceable quality control. Additionally, Viomi has recruited top industry talents and developed omni-channel marketing and service capabilities in China, while actively expanding into the U.S. and other international markets.\nFuture Prospects: Looking ahead, Viomi will focus on maximizing the strengths of its water purifier gigafactory, building a robust industrial chain system, achieving scale efficiency, and enhancing its brand impact. We believe that Viomi's reorganization is significant, as it not only improves the company's financial health by divesting loss-making businesses but also enhances its competitiveness in the home water solution market. This strategic focus is expected to help Viomi provide better drinking water solutions for global home users.\n \n\nAbout Viomi Technology Co., Ltd. \nViomi Technology Co., Ltd, a leading Chinese innovator in home water purification, leverages advanced AI and IoT technology to deliver cutting-edge solutions. With significant R&D investment and the Viomi AI Water Purification Technology Park, Viomi addresses global demands for high-efficiency, advanced water purification systems\nAbout Diamond Equity Research\nDiamond Equity Research is a leading equity research and corporate access firm focused on small capitalization companies. Diamond Equity Research is an approved sell-side provider on major institutional investor platforms.\nFor more information, visit https://www.diamondequityresearch.com.\nDisclosures:\nDiamond Equity Research LLC is being compensated by Viomi Technology Co., Ltd (NASDAQ:VIOT) for producing research materials regarding Viomi Technology Co., Ltd and its securities, which is meant to subsidize the high cost of creating the report and monitoring the security, however, the views in the report reflect that of Diamond Equity Research. All payments are received upfront and are billed for an annual or semi-annual research engagement. As of 08/28/24, the issuer had paid us $38,720 for our research services consisting of $34,985 ($35,000 contract, fee reflects wire charge) for our annual research services, which commenced 10/16/23 and is billed annually and $3,735($3,750 payment, fee reflects wire charge) for a one-time research note update. Diamond Equity Research LLC may be compensated for non-research related services, including presenting at Diamond Equity Research investment conferences, press releases and other additional services. The non-research related service cost is dependent on the company, but usually do not exceed $5,000. Diamond Equity Research LLC has been paid $2,500 by a third-party affiliate on behalf of Viomi Technologies Inc. to present at our emerging growth conference, with authorization from company. Issuers are not required to engage us for these additional services. Additional fees may have accrued since then. Although Diamond Equity Research company sponsored reports are based on publicly available information and although no investment recommendations are made within our company sponsored research reports, given the small capitalization nature of the companies we cover we have adopted an internal trading procedure around the public companies by whom we are engaged, with investors able to find such policy on our website public disclosures page. This report and press release do not consider individual circumstances and does not take into consideration individual investor preferences. Statements within this report may constitute forward-looking statements, these statements involve many risk factors and general uncertainties around the business, industry, and macroeconomic environment. Investors need to be aware of the high degree of risk in small capitalization equities including the complete potential loss of their investment. Investors can find various risk factors in the initiation report and in the respective financial filings for Viomi Technology Co., Ltd.\nContact:\nDiamond Equity Researchresearch@diamondequityresearch.com\n Attachment \n\n Viomi Technology August 2024 Update Note","news_type":1},"isVote":1,"tweetType":1,"viewCount":12253,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["601318",".IXIC","VIOT","PNGAY","02318"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":94,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}