NEW YORK, May 27, 2026, 16:06 EDT
- Viomi’s American Depositary Shares on Nasdaq last traded at $0.9279, off roughly 1.4% from the previous close.
- The shares traded without any new company release. Viomi’s most recent investor update is still its annual report filing from April.
- Investors see a possible jump in 2025 revenue, but they’re also watching for a sharp slowdown in the second half and note the company’s heavy reliance on Xiaomi.
Shares of Viomi Technology Co., Ltd slipped Wednesday, holding under $1. The Chinese home water-systems company saw little action as the market seemed to shrug off its recent dividend and buyback announcement, with investors more concerned about slowing momentum in the second half.
The Nasdaq-listed American Depositary Shares were last traded at $0.9279, off about 1.4% from the prior close. The ADSs opened at $0.93, hit $0.9899 at the high, and dropped to $0.9001 on the low. Volume for the session stood at 547,235 shares, according to market data.
There hasn’t been much new for traders to act on. The most recent update on Viomi’s investor-relations page was the April 22 annual report filing. Before that, the latest was the March 25 full-year results with its special dividend.
Viomi’s shares are trading on the same narrative. The question is still open: can the streamlined water-purifier business deliver growth after the swings caused by Chinese subsidies? Viomi said 2025 revenue was up 14.6% to RMB2.43 billion ($347.2 million). But revenue for the second half dropped 25.9% year over year, coming in at RMB950.6 million.
Viomi founder and CEO Xiaoping Chen said the company’s “Global Water” plan is picking up, mentioning growth in North America, Southeast Asia, and Europe. Chen also pointed out that North American sales on Amazon showed triple-digit sequential growth in the back half, but off a low starting point.
The board signed off on a special cash dividend of $0.022 per ordinary share, or $0.066 per ADS, with payment to ADS holders set for around April 15, a March filing showed. The company also laid out plans for a share buyback of up to $20 million of ADSs through Dec. 31, 2027. By the end of 2025, the company said it had bought back about 1.02 million ADSs for $2.5 million.
Zacks Small-Cap Research analyst Brian Lantier said in March that Viomi’s second-half numbers didn’t meet his expectations, with growth now looking likely in late 2026 and 2027. Lantier lowered his 12-month price target to $2.25 per ADS, pointing to updated earnings estimates.
Lantier said the miss was mostly due to Chinese water-purifier subsidies, which shifted demand into early 2025. He noted the impact hit Viomi harder because it concentrates on water purification, unlike bigger appliance companies with broader offerings.
Outside China, rivals are tougher. Zacks said established brands and reviews shape the U.S. water-filtration market, pointing to A.O. Smith’s Aquasana, Waterdrop, and Cloud Water Filters. Viomi’s Amazon review tally is still far behind several competitors by thousands.
Concentration risk is still the main issue. Viomi’s 2025 Form 20-F shows sales to Xiaomi made up 89.6% of net revenue in 2025, above the 82.7% in 2024. The company’s filing cautioned that if Xiaomi shifts its focus away from Viomi products or pushes its own competing offerings, Viomi could see a drop in revenue.
Stocks in the U.S. held close to record levels on Wednesday and oil slipped, Reuters said, with attention on any U.S.-Iran peace talks progress. That gave markets little direction. For Viomi, the issue was more specific—if its Xiaomi-linked, mostly China water play can become a more reliable global business.
