| Summary of related party transaction Relationship |
| | | Name | | Relationship with the Group | Mr. Xiaoping Chen | | Founder | Foshan Viomi and its subsidiaries (“Foshan Viomi”)* | | Controlled by a principal shareholder of the Company | Xiaomi | | Shareholder of the Group |
* Due to the Disposal as mentioned above (See Note 1), the existing VIE contractual arrangements between Yunmi Hulian and Foshan Viom was terminated on July 19, 2025, which resulted in Foshan Viomi’s shareholder, Mr. Chen, fully controlling Foshan Viomi and its subsidiaries. As a result, Foshan Viomi and its subsidiaries became to the Group’s related parties since August 31, 2024, and all transactions between the Group and Foshan Viomi during the period from September 1, 2024 to December 31, 2024, and any amount due from/due to Foshan Viomi were disclosed as related party transactions and balances.
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| Summary of related party transactions |
(1) | Amount due from/to related parties |
| | | | | | | As of December 31, | | | 2023 | | 2024 | | | RMB | | RMB | Accounts receivable from a related party: | | | | | Xiaomi(a) | | 4,365 | | 591,221 | | | | | | Other receivables from related parties: | | | | | Other receivables from Xiaomi | | 100 | | 100 | Other receivables from Foshan Viomi | | — | | 11,134 | Total | | 100 | | 11,234 | | | | | | Amounts due to related parties: | | | | | Purchase and other payable to Xiaomi(a) | | — | | 835 | Selling and marketing expenses payable to Xiaomi(c) | | 3,444 | | — | Total | | 3,444 | | 835 |
(2) | Purchase from related parties |
| | | | | | | | | Year ended December 31, | | | 2022 | | 2023 | | 2024 | | | RMB | | RMB | | RMB | Xiaomi(a) | | 23,674 | | 26,341 | | 13,546 | Foshan Viomi(d) | | — | | — | | 17,144 | Total | | 23,674 | | 26,341 | | 30,690 |
(3) | Revenue from related parties |
| | | | | | | | | Year ended December 31, | | | 2022 | | 2023 | | 2024 | | | RMB | | RMB | | RMB | Xiaomi(a) | | 1,336,612 | | 1,292,880 | | 1,752,246 | Foshan Viomi(d) | | — | | — | | 66,852 | Total | | 1,336,612 | | 1,292,880 | | 1,819,098 |
(4) | Research and development expenses |
| | | | | | | | | Year ended December 31, | | | 2022 | | 2023 | | 2024 | | | RMB | | RMB | | RMB | Xiaomi(a) | | 2,791 | | 716 | | 273 |
(5) | Selling and marketing expenses |
| | | | | | | | | Year ended December 31, | | | 2022 | | 2023 | | 2024 | | | RMB | | RMB | | RMB | Commission expenses charged by Xiaomi(b) | | 13,491 | | 6,961 | | 13,477 | Other expenses charged by Xiaomi(b) | | 2,545 | | 797 | | — | Other expenses charged by Foshan Viomi(e) | | — | | — | | 400 | Total | | 16,036 | | 7,758 | | 13,877 |
(6) | Other income and expenses |
| | | | | | | | | Year ended December 31, | | | 2022 | | 2023 | | 2024 | | | RMB | | RMB | | RMB | Interest income(f) | | — | | — | | 1,902 | Interest expense(g) | | — | | — | | 485 | Total | | — | | — | | 2,387 |
| (a) | The Group both sells water purifiers and other products to and purchase Xiaomi branded products and certain raw materials from Xiaomi. The amount due from Xiaomi represents receivable arising from sales of water purifiers and other products. The balance due to Xiaomi represents payable arising from purchase of Xiaomi branded products and certain raw materials. |
| (b) | The Group sells its own brand products on the E-platform of Xiaomi, which charges the Group commission and technical service fees, also Xiaomi provides advertising and promotion service. The amount due from Xiaomi represents sales receivable net of commission, advertising and promotion service. |
| (c) | The Group sells its own brand products on the E-platform of Xiaomi, which charges the Group customer service fees. |
| (d) | The Group purchases certain raw materials from Foshan Viomi and its subsidiary. The Group also sells its own branded products to Foshan Viomi, and provides rental services, and other services to Foshan Viomi and its subsidiaries. |
| (e) | The Group’s related party provides transportation services, maintenance services as well as installation services for the Group. |
| (f) | On July 1, 2024, the Company entered into a loan agreement with Foshan Viomi to lend USD20.0 million for its working capital needs with maturity date on November 20, 2028. The loan has a fixed interest rate of 4.0% per annum. The loan was fully collected from Foshan Viomi as of December 31, 2024. |
| (g) | On February 14, 2019, Guangdong Lizi entered into a loan agreement with Foshan Viomi to borrow RMB10.0 million. The loan has a fixed interest rate of 4.8% per annum. The loan was fully repaid by Guangdong Lizi on November 28, 2024. |
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