Viomi announced second half results that beat our expectations on the top and bottom line while presenting continuing operations (Water Systems, Consumables and Kitchen Appliances) that appear to be solidly profitable. Viomi has a very strong partner in Xiaomi and the company appears to be looking to grow in new markets by replicating this model to some degree. Viomi's strong balance sheet should enable it to pursue multiple growth strategies (expansion, new products, M&A) over the next 3-5 years.
