Reported 11 months ago
Despite a 50% decrease in electric vehicle revenue in the first quarter, Viomi saw unexpected orders for low-orbit satellites with a growth of over 200% and increasing shipments of wire harnesses, which helped compensate for the EV revenue shortfall. With successful diversification, Viomi is expected to outperform the first half of the year in the second half. The company's revenue mix is projected to improve, with a strong performance anticipated for wire harnesses and low-orbit satellite orders continuing into the second half of the year.
Source: YAHOO