Viomi Technology Co. Business Summary

Viomi Technology Co., Ltd (VIOT) operates an "Equipment + Consumables" business model centered on AI-driven home water solutions, generating revenue through the sale of IoT-enabled hardware and recurring high-margin consumables. The company’s operations are divided into three primary segments: Home Water Systems (including smart purifiers, heaters, and kettles), Consumables (replacement water filters), and Kitchen Appliances & Others (range hoods, gas stoves, and installation services). As of early 2026, Viomi has successfully pivoted to a water-centric strategy, leveraging its "Water Purifier Gigafactory" to scale production and expand its North American footprint, where it maintains a top-tier presence in Amazon’s under-sink tankless RO category. Its primary direct competitors include A.O. Smith, Coway, and Haier; Viomi differentiates itself through deep AI integration and a strategic partnership with Xiaomi, positioning itself as a high-tech, cost-efficient alternative in the global smart water market. Leadership is spearheaded by Founder and CEO Xiaoping Chen, who brings extensive industry pedigree from his former role as Vice President at Midea Group. The executive team includes Guang Wu, who was appointed President of Operations in August 2024 to drive the company’s transition toward high-quality development and global expansion. In a significant board update effective February 10, 2026, Qian Sun—General Manager of Strategic Investment at Xiaomi Group and President of Airstar Digital Technology—joined the board of directors, replacing De Liu. This appointment reinforces the strategic alignment with Xiaomi, a cornerstone investor and partner. The board also features independent directors such as Jinling Zhang, current CFO of Baidu Venture, providing robust corporate governance and financial oversight as the company executes its $20 million share repurchase program through 2027.