Viomi swings to GAAP net loss of RMB 26.3 million in H1 FY26; net revenues drop 49.9% to RMB 740 million
VIOT•Costs and management commentary
R&D spending rose 7.6% to RMB 96.1 million, while selling and marketing costs fell 15.1% to RMB 109.6 million.
Management cited the end of national subsidies as a demand headwind, while pushing overseas expansion led by North America and Southeast Asia.
First-half results weaken sharply
Viomi posted first-half net revenues of RMB 740 million, down 49.9% year over year.
Net loss attributable to ordinary shareholders was RMB 26.3 million, swinging from a profit a year earlier.
Gross margin fell 2.5 percentage points to 24%.
