v3.26.1
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

 

26. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY

 

Pursuant to the requirements of Rule 12-04(a), 5-04(c) and 4-08(e)(3) of Regulation S-X, the condensed financial information of the parent company shall be filed when the restricted net assets of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. The Group performed a test on the restricted net assets of consolidated subsidiaries in accordance with such requirement and concluded that it was applicable to the Company as the restricted net assets of the Company’s PRC subsidiaries exceeded 25% of the consolidated net assets of the Company. Therefore, the condensed financial statements for the parent company are included herein.

 

For purposes of the above test, restricted net assets of consolidated subsidiaries shall mean that amount of the Company’s proportionate share of net assets of consolidated subsidiaries (after intercompany eliminations) which as of the end of the most recent fiscal year may not be transferred to the parent company by subsidiaries in the form of loans, advances or cash dividends without the consent of a third party.

 

The condensed financial information of the parent company has been prepared using the same accounting policies as set out in the Company’s consolidated financial statements except that the parent company used the equity method to account for investment in its subsidiaries. Such investment is presented on the condensed balance sheets as “Investment in subsidiaries/VIEs” and the respective profit or loss as “Equity in (loss) gain of subsidiaries/VIEs” on the condensed statements of operations.

 

The footnote disclosures contain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the consolidated financial statements of the Company. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S GAAP have been condensed or omitted.

 

The Company did not pay any dividend for the periods presented. As of December 31, 2024 and 2025, there were no material contingencies, significant provisions for long-term obligations, or guarantees of the Company, except for those which have been separately disclosed in the consolidated financial statements, if any.

 

CONDENSED PARENT COMPANY BALANCE SHEETS

   

       
   As of December 31, 
   2024   2025 
   RMB   RMB 
ASSETS        
Cash and cash equivalents   164,583    2,918 
Short-term investments   -    2,667 
Amounts due from Group companies   542,635    501,851 
Investments in subsidiaries/VIEs   696,911    471,430 
Other assets   132,063    660,149 
Total assets   1,536,192    1,639,015 
           
Liabilities          
Accounts and notes payable   -    863 
Accrued expenses and other liabilities   3,254    4,608 
Amounts due to Group companies   88,497    106,881 
Total Liabilities   91,751    112,352 
Shareholders’ equity          
Class A Ordinary Shares (US$0.00001 par value; 4,800,000,000 shares authorized; 101,059,544 and 99,200,641 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively)   6    6 
Class B Ordinary Shares (US$0.00001 par value; 150,000,000 shares authorized; 102,764,550 and 102,764,548 shares issued and outstanding as of December 31, 2024 and December 31, 2025, respectively)   6    6 
Treasury stock   (85,426)   (103,085)
Additional paid-in capital   1,376,730    1,403,419 
Retained earnings   153,125    226,317 
Total equity attributable to shareholders of the Company   1,444,441    1,526,663 
Total liabilities and shareholders’ equity   1,536,192    1,639,015 

 

 

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)

 

26. CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Continued)

 

CONDENSED PARENT COMPANY STATEMENTS OF OPERATIONS

 

          
   Year ended December 31, 
   2023   2024   2025 
   RMB   RMB   RMB 
Operating expenses               
General and administrative expenses   (5,072)   (5,768)   (4,582)
Total operating expenses   (5,072)   (5,768)   (4,582)
Other expenses   -    -    (310)
Equity in (loss) gain of subsidiaries/VIEs   (74,290)   78,525    127,470 
(Loss) Income from operations   (79,362)   72,757    122,578 
Interest and investment (expenses) income, net   (7,006)   (7,932)   19,066 
Other non-operating income   3,164    -    - 
(Loss) Income before income tax expenses   (83,204)   64,825    141,644 
Income tax expenses   -    -    - 
Net (loss) income   (83,204)   64,825    141,644 
Net (loss) income from discontinued operations attributable to the Company   

(1,470

)   (1,411)   - 
Net (loss) income attributable to ordinary shareholders of the Company   

(84,674

)   

63,414

    

141,644

 

 

CONDENSED PARENT COMPANY STATEMENTS OF CASH FLOWS

 

          
   Year ended December 31, 
   2023   2024   2025 
   RMB   RMB   RMB 
Net cash (used in) provided by operating activities   (93,378)   274,797    111,820 
Net cash provided by (used in) by investing activities   21,245    (58,936)   (122,020)
Net cash used in financing activities   (6,421)   (82,790)   (148,551)
Effect of exchanges rates on cash and cash equivalents   1,122    18,169    (2,914)
Net (decrease) increase in cash and cash equivalents and restricted cash   (77,432)   151,240    (161,665)
Cash and cash equivalents at the beginning of the year   90,775    13,343    164,583 
Cash and cash equivalents at the end of the year   13,343    164,583    2,918