Recently, Yunmi Technology (NASDAQ: VIOT), a Xiaomi eco-chain enterprise, released its financial report for the first quarter of 219 as of March 31, 219. According to the financial report, the net revenue of Yunmi Technology was 667 million yuan (about 11 million US dollars), an increase of 14.4% compared with the same period of last year.

In the first quarter of 219, Yunmi Technology's net profit was 41.3 million yuan (about 6.2 million US dollars), a year-on-year increase of 4.5%. Non-GAAP net profit was 53.1 million yuan (about 7.9 million US dollars), a year-on-year increase of 68.1%.

The gross profit of Yunmi Technology in the first quarter was RMB 189 million (about US$ 28.2 million), an increase of 93.6% compared with RMB 97.8 million in the same period of last year; The gross profit margin was 28.%, compared with 29.6% in the same period of last year.

The revenue sources of Yunmi Technology mainly include smart home products, smart water purification systems and smart kitchen utensils. Among them, during the reporting period, Yunmi Technology's revenue from smart home products supporting the Internet of Things was 53 million yuan (about 74.9 million US dollars), an increase of 13.8% compared with 247 million yuan in the same period of last year.

Yunmi Technology's revenue from intelligent water purification system was 12 million yuan (about 17.9 million US dollars), down 18.9% year-on-year; The revenue from smart kitchen utensils was 197 million yuan (about 29.3 million US dollars), up 188.7% year-on-year.

During the reporting period, the number of home users of Yunmi Technology exceeded 2 million in the first quarter, and it was about 1.7 million by the end of the fourth quarter of 218; The proportion of home users who have at least two connected products is 15.2%, which is about 14.3% at the end of the fourth quarter of 218.

by the end of the first quarter, the number of offline experience stores of Yunmi Technology exceeded 1,6, compared with 1,5 in the previous quarter and 5 in the same period last year.

As of March 31, 219, Yunmi Technology had a total cash and cash equivalents of 764 million yuan (about 114 million US dollars), restricted cash of 31 million yuan (about 4.6 million US dollars) and short-term investment of 345.1 million yuan (about 51.4 million US dollars).

Yunmi predicts that the net revenue in the second quarter of 219 will reach RMB 1.15 billion to RMB 1.2 billion, a year-on-year increase of 62.1% to 69.2%.

it is understood that yunmi technology was established in 214, positioning itself as a whole-house internet appliance enterprise focusing on the research, development, manufacturing and sales of smart appliances, and is committed to providing safe and intelligent whole-house internet appliance solutions for families. In September 218, Yunmi Technology was listed on NASDAQ, becoming the second independent listed company in Xiaomi eco-chain enterprises.

Xiaomi holds 33.3% shares of Yunmi through Shunwei Capital and its fund Red Better Limited * *, with 29.5% voting rights, making it the second largest shareholder. Sequoia Capital holds 5.2% shares and has .9% voting rights. The largest shareholder of the company is the founder Chen Xiaoping, with 42.5% of the shares and 66.5% of the voting rights.