v3.26.1
SUMMARY OF RELATED PARTY TRANSACTIONS (Details)
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2025
CNY (¥)
Dec. 31, 2024
CNY (¥)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2025
CNY (¥)
Related Party Transaction [Line Items]          
Amounts due to related parties $ 85   ¥ 835   ¥ 596
Revenue from related parties 347,232 ¥ 2,428,226 2,118,982 ¥ 1,638,736  
Research and development expenses 23,679 165,593 142,884 148,879  
Selling and marketing expenses 39,708 277,681 211,173 214,610  
Related Party [Member]          
Related Party Transaction [Line Items]          
Accounts receivable from a related party 48,644   591,221   340,173
Other receivables from related parties     11,234   200
Amounts due to related parties     835   596
Purchase from related parties   9,763 30,690 26,341  
Revenue from related parties $ 316,711 2,214,789 1,819,098 1,292,880  
Selling and marketing expenses   58,455 20,799 25,308  
Interest income [1]   1,902  
Interest expense [2]   485  
Total   2,387  
Related Party [Member] | Xiaomi [Member]          
Related Party Transaction [Line Items]          
Accounts receivable from a related party [3]     591,221   304,078
Other receivables from related parties     100   200
Purchase from related parties [3]   13,546 26,341  
Revenue from related parties [3]   2,174,895 1,752,246 1,292,880  
Research and development expenses [3]   273 716  
Related Party [Member] | Xiaomi [Member] | Purchase Payable to Related Party [Member]          
Related Party Transaction [Line Items]          
Amounts due to related parties [3]     835   596
Related Party [Member] | Xiaomi [Member] | Other Expenses Charged by Related Party [Member]          
Related Party Transaction [Line Items]          
Selling and marketing expenses [4]   797  
Related Party [Member] | Xiaomi [Member] | Commission Expenses Charged by Related Party [Member]          
Related Party Transaction [Line Items]          
Selling and marketing expenses [4]   48,594 20,399 24,511  
Related Party [Member] | Foshan Viomi [Member]          
Related Party Transaction [Line Items]          
Accounts receivable from a related party [5]       36,095
Other receivables from related parties     11,134  
Purchase from related parties [5]   9,763 17,144  
Revenue from related parties [5]   39,894 66,852  
Related Party [Member] | Foshan Viomi [Member] | Other Expenses Charged by Related Party [Member]          
Related Party Transaction [Line Items]          
Selling and marketing expenses [6]   ¥ 9,861 ¥ 400  
[1] 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.
[2] 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.
[3] 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.
[4] 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.
[5] The Group purchases certain raw materials from Foshan Viomi and its subsidiaries. The Group also sells its own branded products to Foshan Viomi, and provides rental services, and other services to Foshan Viomi and its subsidiaries.
[6] The Group’s related party provides transportation services, maintenance services, promotion services as well as installation services for the Group.