Zhitong Finance App learned that on March 25, Yunmi Technology (VIOT.US) announced unaudited financial results for the second half of 2023. According to financial reports, Yunmi Technology H2's net revenue was 1,189 billion yuan (RMB, same below), compared to 1,596.4 billion yuan for the same period last year, down 25.5% year on year; net loss attributable to common shareholders was 29.7 million yuan, and net loss for the same period last year was 185.9 million yuan.

By business, revenue from IoT @Home产品组合的营收为5 was $29.1 billion, down 28.0% year on year; revenue from whole house water purification solutions was $317.4 million, down 20.5% year on year; revenue from consumer products was $178.5 million, down 4.2% year on year; and revenue from small household appliances and others was 164 million yuan, down 40.5% year on year.

Gross profit was 282.7 million yuan, compared to 345.6 million yuan in the same period last year; gross margin was 23.8%, compared to 21.6% in the same period last year.

By the end of the first half of the year, the cumulative number of household users was about 8.4 million, compared to 7.7 million in the same period last year. The proportion of home users with at least two connected products reached 23.0%, compared to 22.5% in the same period last year.

In terms of full-year results, net revenue for 2023 was $2,493.4 billion, compared to $3,232.7 billion for the same period last year. The net loss attributable to the company's common shareholders was 84.7 million yuan, compared to a net loss of 275.5 million yuan for the same period last year. Gross margin was 22.8% compared to 22.8% in the same period last year.