<p>云米科技 NASDAQ: VIOT 在第 30 届德意志银行存托凭证虚拟投资者会议上概述了其最新的业务更新，强调了 2025 年全年的财务结果、资本回报措施以及其在继续开发智能水净化产品的同时扩展海外市场的战略。</p>
<p>获取 <strong>云米科技</strong> 的提醒：</p>
<p>德意志银行存托凭证市场解决方案主管 Zafar Aziz 介绍了本次会议。公司的投资者关系代表 Claire Ji 进行了演示，云米资本与战略部门负责人 Sam Yang 参与了问答环节。</p>
<h2>2025 年全年业绩和资产负债表</h2>
<p>Ji 表示，云米的 “核心业务在 2025 年保持稳健”，总收入为 24 亿元人民币，同比增长 14.6%。归属于普通股股东的净收入为 1.416 亿元人民币，净利润率为 5.8%。稀释每股收益为 0.67 元人民币。</p>
<p>云米还强调了其流动性状况。Ji 表示，公司保持着 “健康、强劲的现金状况”，自由现金资产为 11.4 亿元人民币。她补充说，截至 2025 年底，资产负债表上的现金总资产为 13 亿元人民币，约合 1.88 亿美元。</p>
<p>在讨论年度动态时，Ji 表示 2025 年上半年与下半年的波动 “主要受到政府补贴政策影响”，上半年快速增长后下半年出现下降。尽管存在这种波动，她表示公司的表现依然韧性十足，毛利率将保持在 “约 25%” 的水平。</p>
<h2>细分市场和盈利能力考虑</h2>
<p>Ji 将云米的收入分为三个部分：</p>
<ul>
<li>家用水系统：约占收入的 70%</li>
<li>消耗品：约占收入的 10%</li>
<li>家用电器及其他：约占收入的 20%</li>
</ul>
<p>她将家用水系统描述为云米的核心细分市场，并表示公司预计随着净水器渗透率的提高，消耗品将成为更大的收入贡献者，这可能有助于提升整体盈利能力。在当前的收入结构下，Ji 表示公司的净利润率为 “约 6%”。</p>
<p>Ji 指出，2025 年云米加大了海外扩张的力度，她表示这导致净利润与前一年相比 “略有下降”。</p>
<h2>股息和股票回购</h2>
<p>云米还向投资者更新了股东回报计划。Ji 表示，2026 年 3 月 25 日，公司宣布每个美国存托股份（ADS）派发特别现金股息 0.066 美元，总金额为 450 万美元。</p>
<p>关于回购，她表示截至 2025 年底，云米已回购约 103 万份 ADS，花费约 250 万美元，这反映了公司对提升股东价值的承诺。</p>
<h2>产品开发和制造布局</h2>
<p>Ji 表示，云米专注于 “智能水净化解决方案” 和围绕 “矿物质、天然矿泉水” 的差异化方法。她还提到知识产权进展，表示公司已提交近 2000 项全球专利申请，包括近 700 项发明，涵盖 14 个国家和地区。Ji 强调了技术能力，包括 “基于 AI 的水质算法、精确矿物控制和智能自清洁”。</p>
<p>Ji 表示，云米的产品包括三大主要系列：全屋水过滤系统、厨房下方反渗透（RO）产品和台面产品。根据演示，厨房下方的 RO 产品目前占据最大的收入份额。</p>
<p>Ji 还回顾了 2025 年推出的新产品，包括在中国推出的昆仑 4 Pro、在美国亚马逊上的 Master M1、为东南亚量身定制的具有矿化和冷却功能的紧凑型台面型号 Inno，以及整合过滤、软化和矿化功能的全屋过滤 Leader 系列。</p>
<p>在制造方面，Ji 表示云米的水净化 “千兆工厂” 位于广东佛山，80% 的核心组件在内部制造。她将其描述为行业中最为集成和高度自动化的生产线之一，并表示公司已开始全面运营整合模块化功能（如即时加热和冷却及制冰）的海外高端产品线，旨在满足北美、欧洲和东南亚的需求。</p>
<h2>海外势头和战略优先事项</h2>
<p>Ji 表示，公司在 2025 年海外扩张方面取得了 “显著进展”。她提到美国的黑色星期五表现，云米的 Vortex 系列在亚马逊的厨房下方 RO 无水箱细分市场中排名第四，在整体水净化器类别中销售量排名第 19。在东南亚，她表示云米在马来西亚举行了在线新产品发布会，品牌大使 Shila Amzah 出席了活动。</p>
<p>展望未来，Ji 表示云米的目标是在四个领域取得突破：加深在北美和东南亚等核心海外市场的存在，推出更多本地化产品；围绕 “碱性矿物质” 健康概念加强昆仑系列的国内定位；扩大与全球战略合作伙伴的合作；利用其千兆工厂的规模效应提高规模和效率。</p>
<h2>关于云米科技 NASDAQ: VIOT</h2>
<p>云米科技有限公司 NASDAQ: VIOT 是一家中国智能家电和物联网（IoT）解决方案提供商。公司开发、制造和销售各种连接的家居产品，包括水净化器、饮水机、洗衣机、冰箱、烤箱、空调和厨房电器。通过将硬件设计与专有软件和基于云的服务相结合，云米提供自动控制、远程监控和数据分析，以增强用户便利性、能源效率和家庭安全。</p>
<p>云米的核心产品是其开放的物联网平台，支持设备互联和跨品牌兼容性。</p>
<h2>另见</h2>
<ul>
<li>五只我们认为比云米科技更好的股票</li>
</ul>
<p><em>此即时新闻提醒由叙事科学技术和来自 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。请将任何问题或意见发送至 contact@marketbeat.com。</em></p>
<h2>你现在应该投资 1000 美元在云米科技吗？</h2>
<p>在考虑云米科技之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而云米科技并不在名单上。</p>
<p>虽然云米科技目前在分析师中被评为卖出评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>在这里查看这五只股票</p>

云米

<p>云米科技（NASDAQ: VIOT）在德意志银行会议上发布了 2025 财年的业务更新，报告收入增长 14.6%，达到 24 亿元人民币，净利润为 1.416 亿元人民币。公司宣布每个美国存托股票（ADS）派发特别现金股息 0.066 美元，并回购了 103 万股 ADS。云米专注于海外扩张和智能水净化产品，在美国和东南亚等市场取得了显著进展。公司旨在通过增加消耗品收入来提升盈利能力，并已提交近 2000 项全球专利申请</p>

<p>Viomi Technology NASDAQ: VIOT outlined its latest business update at the 30th Deutsche Bank Depositary Receipts Virtual Investor Conference, highlighting full-year 2025 financial results, capital return actions, and its strategy to expand overseas while continuing to develop smart water purification products.</p>
<div class="lb-trans"><p>云米科技 NASDAQ: VIOT 在第 30 届德意志银行存托凭证虚拟投资者会议上概述了其最新的业务更新，强调了 2025 年全年的财务结果、资本回报措施以及其在继续开发智能水净化产品的同时扩展海外市场的战略。</p>
</div><p>Get <strong>Viomi Technology</strong> alerts:</p>
<div class="lb-trans"><p>获取 <strong>云米科技</strong> 的提醒：</p>
</div><p>Zafar Aziz, Director and Head of Depositary Receipt Market Solutions at Deutsche Bank, introduced the session. The presentation was delivered by Claire Ji, the company’s investor relations representative, with Sam Yang, Head of Viomi’s Capital and Strategy Department, joining for the Q&amp;A.</p>
<div class="lb-trans"><p>德意志银行存托凭证市场解决方案主管 Zafar Aziz 介绍了本次会议。公司的投资者关系代表 Claire Ji 进行了演示，云米资本与战略部门负责人 Sam Yang 参与了问答环节。</p>
</div><h2>Full-year 2025 results and balance sheet</h2>
<div class="lb-trans"><h2>2025 年全年业绩和资产负债表</h2>
</div><p>Ji said Viomi’s “core business remained solid” in 2025, with total revenue of RMB 2.4 billion, representing a year-over-year increase of 14.6%. Net income attributable to ordinary shareholders was RMB 141.6 million, translating to a net profit margin of 5.8%. Diluted earnings per share were RMB 0.67.</p>
<div class="lb-trans"><p>Ji 表示，云米的 “核心业务在 2025 年保持稳健”，总收入为 24 亿元人民币，同比增长 14.6%。归属于普通股股东的净收入为 1.416 亿元人民币，净利润率为 5.8%。稀释每股收益为 0.67 元人民币。</p>
</div><p>Viomi also emphasized its liquidity position. Ji said the company maintained “a healthy, strong cash position,” citing free cash assets of RMB 1.14 billion. She added that total cash assets on the balance sheet were RMB 1.3 billion at the end of 2025, which she equated to about $188 million.</p>
<div class="lb-trans"><p>云米还强调了其流动性状况。Ji 表示，公司保持着 “健康、强劲的现金状况”，自由现金资产为 11.4 亿元人民币。她补充说，截至 2025 年底，资产负债表上的现金总资产为 13 亿元人民币，约合 1.88 亿美元。</p>
</div><p>Discussing intra-year dynamics, Ji said fluctuations between the first and second halves of 2025 were “primarily driven by the impact of the government subsidy policies,” with rapid growth in the first half followed by a decline in the second half. Even with that volatility, she said the company’s performance stayed resilient and that gross margin would remain stable “around 25%.”</p>
<div class="lb-trans"><p>在讨论年度动态时，Ji 表示 2025 年上半年与下半年的波动 “主要受到政府补贴政策影响”，上半年快速增长后下半年出现下降。尽管存在这种波动，她表示公司的表现依然韧性十足，毛利率将保持在 “约 25%” 的水平。</p>
</div><h2>Segment mix and profitability considerations</h2>
<div class="lb-trans"><h2>细分市场和盈利能力考虑</h2>
</div><p>Ji broke Viomi’s revenue into three segments:</p>
<div class="lb-trans"><p>Ji 将云米的收入分为三个部分：</p>
</div><ul>
<li>Home water systems: about 70% of revenue</li>
<li>Consumables: about 10% of revenue</li>
<li>Home appliances and others: about 20% of revenue</li>
</ul>
<div class="lb-trans"><ul>
<li>家用水系统：约占收入的 70%</li>
<li>消耗品：约占收入的 10%</li>
<li>家用电器及其他：约占收入的 20%</li>
</ul>
</div><p>She described home water systems as Viomi’s core segment and said the company expects consumables to become a larger revenue contributor over time as water purifier penetration increases, which she said could help lift overall profitability. Under the current revenue structure, Ji said the company’s net profit margin is “around 6%.”</p>
<div class="lb-trans"><p>她将家用水系统描述为云米的核心细分市场，并表示公司预计随着净水器渗透率的提高，消耗品将成为更大的收入贡献者，这可能有助于提升整体盈利能力。在当前的收入结构下，Ji 表示公司的净利润率为 “约 6%”。</p>
</div><p>Ji noted that in 2025 Viomi increased its efforts in overseas expansion, which she said contributed to a “slight decline” in net profit compared with the prior year.</p>
<div class="lb-trans"><p>Ji 指出，2025 年云米加大了海外扩张的力度，她表示这导致净利润与前一年相比 “略有下降”。</p>
</div><h2>Dividends and share repurchases</h2>
<div class="lb-trans"><h2>股息和股票回购</h2>
</div><p>Viomi also updated investors on shareholder return initiatives. Ji said that on March 25, 2026, the company declared a special cash dividend of $0.066 per ADS, for an aggregate amount of $4.5 million.</p>
<div class="lb-trans"><p>云米还向投资者更新了股东回报计划。Ji 表示，2026 年 3 月 25 日，公司宣布每个美国存托股份（ADS）派发特别现金股息 0.066 美元，总金额为 450 万美元。</p>
</div><p>On buybacks, she said that by the end of 2025 Viomi had repurchased about 1.03 million ADSs for approximately $2.5 million, which she described as reflecting the company’s commitment to enhancing shareholder value.</p>
<div class="lb-trans"><p>关于回购，她表示截至 2025 年底，云米已回购约 103 万份 ADS，花费约 250 万美元，这反映了公司对提升股东价值的承诺。</p>
</div><h2>Product development and manufacturing footprint</h2>
<div class="lb-trans"><h2>产品开发和制造布局</h2>
</div><p>Ji said Viomi has focused on “smart water purification solutions” and a differentiated approach around “mineral, natural mineral water.” She also cited intellectual property progress, stating the company has filed nearly 2,000 global patent applications, including nearly 700 inventions spanning 14 countries and regions. Ji highlighted technology capabilities including “AI-driven water quality algorithm, precision mineral control, and intelligent self-cleaning.”</p>
<div class="lb-trans"><p>Ji 表示，云米专注于 “智能水净化解决方案” 和围绕 “矿物质、天然矿泉水” 的差异化方法。她还提到知识产权进展，表示公司已提交近 2000 项全球专利申请，包括近 700 项发明，涵盖 14 个国家和地区。Ji 强调了技术能力，包括 “基于 AI 的水质算法、精确矿物控制和智能自清洁”。</p>
</div><p>Viomi’s product offering includes three main lines, Ji said: whole-home water filtration systems, under-sink reverse osmosis (RO) products, and countertop products. Under-sink RO products currently account for the largest share of revenue, according to the presentation.</p>
<div class="lb-trans"><p>Ji 表示，云米的产品包括三大主要系列：全屋水过滤系统、厨房下方反渗透（RO）产品和台面产品。根据演示，厨房下方的 RO 产品目前占据最大的收入份额。</p>
</div><p>Ji also recapped new products launched in 2025, including the Kunlun 4 Pro in China, the Master M1 on Amazon in the U.S., a compact countertop model called Inno tailored for Southeast Asia featuring mineralization and cooling functions, and the Leader Series for whole-house filtration integrating filtration, softening, and mineralization.</p>
<div class="lb-trans"><p>Ji 还回顾了 2025 年推出的新产品，包括在中国推出的昆仑 4 Pro、在美国亚马逊上的 Master M1、为东南亚量身定制的具有矿化和冷却功能的紧凑型台面型号 Inno，以及整合过滤、软化和矿化功能的全屋过滤 Leader 系列。</p>
</div><p>On manufacturing, Ji said Viomi’s water purifier “gigafactory” is located in Foshan, Guangdong, with 80% of core components manufactured in-house. She described it as one of the industry’s most integrated and highly automated production lines and said the company began full operations of overseas premium product lines integrating modular functions such as instant heating and cooling and ice making, aimed at meeting demand in North America, Europe, and Southeast Asia.</p>
<div class="lb-trans"><p>在制造方面，Ji 表示云米的水净化 “千兆工厂” 位于广东佛山，80% 的核心组件在内部制造。她将其描述为行业中最为集成和高度自动化的生产线之一，并表示公司已开始全面运营整合模块化功能（如即时加热和冷却及制冰）的海外高端产品线，旨在满足北美、欧洲和东南亚的需求。</p>
</div><h2>Overseas momentum and strategic priorities</h2>
<div class="lb-trans"><h2>海外势头和战略优先事项</h2>
</div><p>Ji said the company made “remarkable progress” in overseas expansion during 2025. She cited Black Friday performance in the U.S., where the Vortex series ranked fourth in the under-sink RO tankless segment on Amazon and 19th in sales volume among the overall water purifier category. In Southeast Asia, she said Viomi held an online new product launch in Malaysia attended by brand ambassador Shila Amzah.</p>
<div class="lb-trans"><p>Ji 表示，公司在 2025 年海外扩张方面取得了 “显著进展”。她提到美国的黑色星期五表现，云米的 Vortex 系列在亚马逊的厨房下方 RO 无水箱细分市场中排名第四，在整体水净化器类别中销售量排名第 19。在东南亚，她表示云米在马来西亚举行了在线新产品发布会，品牌大使 Shila Amzah 出席了活动。</p>
</div><p>Looking ahead, Ji said Viomi is targeting breakthroughs in four areas: deepening its presence in core overseas markets such as North America and Southeast Asia with more localized products; strengthening the domestic positioning of the Kunlun series around an “alkaline mineral” health concept; expanding collaborations with global strategic partners; and leveraging the scale effects of its gigafactory to improve scale and efficiency.</p>
<div class="lb-trans"><p>展望未来，Ji 表示云米的目标是在四个领域取得突破：加深在北美和东南亚等核心海外市场的存在，推出更多本地化产品；围绕 “碱性矿物质” 健康概念加强昆仑系列的国内定位；扩大与全球战略合作伙伴的合作；利用其千兆工厂的规模效应提高规模和效率。</p>
</div><h2>About Viomi Technology NASDAQ: VIOT</h2>
<div class="lb-trans"><h2>关于云米科技 NASDAQ: VIOT</h2>
</div><p>Viomi Technology Co, Ltd. NASDAQ: VIOT is a China-based provider of smart home appliances and Internet of Things (IoT) solutions. The company develops, manufactures and markets a wide range of connected home products, including water purifiers, water dispensers, washing machines, refrigerators, ovens, air conditioners and kitchen appliances. By integrating hardware design with proprietary software and cloud-based services, Viomi delivers automated control, remote monitoring and data analytics to enhance user convenience, energy efficiency and home safety.</p>
<div class="lb-trans"><p>云米科技有限公司 NASDAQ: VIOT 是一家中国智能家电和物联网（IoT）解决方案提供商。公司开发、制造和销售各种连接的家居产品，包括水净化器、饮水机、洗衣机、冰箱、烤箱、空调和厨房电器。通过将硬件设计与专有软件和基于云的服务相结合，云米提供自动控制、远程监控和数据分析，以增强用户便利性、能源效率和家庭安全。</p>
</div><p>At the core of Viomi's offerings is its open IoT platform, which supports device interconnectivity and cross-brand compatibility.</p>
<div class="lb-trans"><p>云米的核心产品是其开放的物联网平台，支持设备互联和跨品牌兼容性。</p>
</div><h2>See Also</h2>
<div class="lb-trans"><h2>另见</h2>
</div><ul>
<li>Five stocks we like better than Viomi Technology</li>
</ul>
<div class="lb-trans"><ul>
<li>五只我们认为比云米科技更好的股票</li>
</ul>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即时新闻提醒由叙事科学技术和来自 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。请将任何问题或意见发送至 contact@marketbeat.com。</em></p>
</div><h2>Should You Invest $1,000 in Viomi Technology Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资 1000 美元在云米科技吗？</h2>
</div><p>Before you consider Viomi Technology, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑云米科技之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viomi Technology wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师悄悄建议客户现在购买的股票，以便在更广泛的市场注意到之前……而云米科技并不在名单上。</p>
</div><p>While Viomi Technology currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然云米科技目前在分析师中被评为卖出评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

Viomi Technology Highlights FY2025 Revenue Growth, Dividend and Overseas Push at Deutsche Bank Conference

云米科技在德意志银行会议上强调 2025 财年的收入增长、股息政策以及海外市场的拓展