v3.26.1
DISCONTINUED OPERATIONS
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS

 

3. DISCONTINUED OPERATIONS

 

Disposal of Foshan Viomi and its subsidiaries

 

On July 19, 2024, the Group entered into definitive agreements with Mr. Chen, and an entity controlled by Mr. Chen (Refer to Note 1). Accordingly, the assets and liabilities of Foshan Viomi and its subsidiaries were classified as “Assets held for sale” and “Liabilities held for sale” within current and non-current assets and liabilities, respectively, on the consolidated balance sheets as of December 31, 2023. The results of operations of Foshan Viomi and its subsidiaries have been reclassified to “net loss from discontinued operations” in the consolidated statements of comprehensive (loss) income for the years ended December 31, 2023 and 2024.

 

 

VIOMI TECHNOLOGY CO., LTD

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2023, 2024 AND 2025

(Amounts in thousands, except shares, ADS, per share and per ADS data)

 

3.DISCONTINUED OPERATIONS (Continued)

 

The following tables set forth the statements of operations and cash flows of discontinued operations which were included in the Group’s consolidated financial statements for the years ended December 31, 2023 and 2024 (in thousands):

 

       
   For the year ended December 31, 
   2023   2024 
   RMB   RMB 
Net revenues:          
A related party   24,434    5,821 
Third parties   830,216    293,050 
Total net revenues   854,650    298,871 
Cost of revenues   (807,146)   (297,289)
Gross profit   47,504    1,582 
Operating expenses:          
Research and development expenses   (74,032)   (41,245)
Selling and marketing expenses   (187,156)   (54,681)
General and administrative expenses   (24,162)   (7,667)
　          
Total operating expenses   (285,350)   (103,593)
　          
Other income, net   8,623    4,320 
　          
Loss from operations   (229,223)   (97,691)
　          
Interest and investment income, net   13,062    3,846 
Other non-operating loss   (1,500)   - 
Loss before income tax expenses   (217,661)   (93,845)
Income tax credits   11,853    11,504 
Net loss from discontinued operations   (205,808)   (82,341)

 

       
   For the year ended December 31, 
   2023   2024 
   RMB   RMB 
Net cash (used in) provided by discontinued operating activities   (144,547)   135,033 
Net cash provided by discontinued investing activities   92,023    136,918 
Net cash provided by (used in) discontinued financing activities   100,000    (30,000)

 

 

VIOMI TECHNOLOGY CO., LTD

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2023, 2024 AND 2025

(Amounts in thousands, except shares, ADS, per share and per ADS data)