The
Group’s operating leases are principally for office space and facilities. At December 31, 2024 and 2025, The Group’s operating
leases had a weighted average discount rate of 4.75% and 4.75% and a weighted-average remaining term of 2.3 years and 1.4 years, respectively.
The components of lease expense were as follow：
SUMMARY OF COMPONENTS OF LEASE EXPENSE
| | |
2024 | | |
2025 | |
| | |
Year ended December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| Lease cost | |
| | | |
| | |
| Operating lease expense | |
| 2,193 | | |
| 2,147 | |
| Short-term lease expense (i) | |
| 1,147 | | |
| 340 | |
| Total lease cost | |
| 3,340 | | |
| 2,487 | |
| (i) | Includes leases
with a term of one year or less. |
Supplemental
cash flow information for leases was as follows:
SUMMARY OF SUPPLEMENTAL CASH FLOW INFORMATION FOR LEASES
| | |
2024 | | |
2025 | |
| | |
Year ended December 31, | |
| | |
2024 | | |
2025 | |
| | |
RMB | | |
RMB | |
| Operating cash flows relating to operating leases | |
| 1,991 | | |
| 1,949 | |
| Lease liabilities arising from obtaining right-of-use assets | |
| 2,568 | | |
| 1,006 | |
As
of December 31, 2025, the aggregate future minimum rental payments under non-cancelable agreement were as follows:
SUMMARY OF AGGREGATE FUTURE MINIMUM RENTAL PAYMENTS UNDER NON-CANCELABLE AGREEMENT
| | |
RMB | |
| 2026 | |
| 1,356 | |
| 2027 | |
| 304 | |
| 2028 | |
| 131 | |
| Total future minimum rental payment | |
| 1,791 | |
| Less amount representing imputed interest | |
| (60 | ) |
| Present value of future minimum rental payments | |
| 1,731 | |
| Less current portion, recorded in other current liabilities | |
| 1,310 | |
| Long-term lease liabilities, recorded in other long-term liabilities | |
| 421 | |
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)
|