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Organization and Principal Activities (Tables)

12 Months Ended

Dec. 31, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Schedule of Principal Subsidiaries and VIEs

As of December 31, 2021, details of the Company’s principal subsidiaries and VIEs were as follows:

		Place of incorporation		Date of incorporation		Percentage of beneficial ownership		Principal activities
Subsidiaries:
Viomi HK		Hong Kong		January 30, 2015		100%		Investment holding
Lequan		PRC		May 15, 2015		100%		Investment holding
Codream HK		Hong Kong		August 20, 2019		100%		Investment holding
Yunmi Hulian		PRC		December 9, 2019		100%		Investment holding
Zhumeng Hulian		PRC		October 14, 2020		100%		Investment holding
Guangdong Lizi		PRC		July 26, 2018		100%		Home appliance development and sales
Guangzhou interconnect Technology Co., Ltd.		PRC		December 7, 2020		100%		Home appliance development and sales
VIEs:
Foshan Viomi		PRC		May 6, 2014		100%		Home appliance development and sales
Beijing Viomi		PRC		January 12, 2015		100%		No substantial business
Subsidiaries of Foshan Viomi:
Guangdong AI Touch Technology Co., Ltd. (“AI Touch”)		PRC		January 30, 2019		VIE’s subsidiary		Home appliance development and sales
Foshan Xiaoxian Hulian Electric Appliances Technology Co., Ltd. (“Foshan Xiaoxian”)		PRC		October 12, 2016		VIE’s subsidiary		Home appliance development and sales

Schedule of Financial Statement Amounts and Balances of VIEs

The following table sets forth the assets, liabilities, results of operations and cash flows of the VIEs and its subsidiaries taken as a whole on an aggregated basis, which were included in the Group’s consolidated financial statements. For purposes of this presentation, activity within and between the VIEs and their subsidiaries have been eliminated, but transactions  with other entities within the Consolidated Group have been included without elimination. Presentation of the comparative data for 2019 and 2020 have been expanded to conform to the current year presentation.

		As of December 31,
		2020				2021
		RMB				RMB
Cash and cash equivalents			338,748				353,554
Short-term investments			579,457				820,344
Accounts receivable from third parties			412,118				204,769
Accounts receivable from a related party			609,094				320,939
Inventories			392,574				362,385
Amount due from Group companies			106,956				232,203
Other assets			395,941				383,569
Total assets			2,834,888				2,677,763
Accounts and notes payable			860,454				545,966
Accrued expenses and other liabilities*			302,256				292,388
Amount due to Group companies			480,058				824,304
Other liabilities			293,413				122,508
Total liabilities			1,936,181				1,785,166

* The amount of accrued expenses and other liabilities of VIEs as of December 31, 2020 has been revised to correct an error in previously issued annual financial statements included in our Form 20-F for the year ended December 31, 2020.

1. ORGANIZATION AND PRINCIPAL ACTIVITIES (Continued)

(c) VIE Arrangements between the VIEs and the Company’s PRC subsidiary (Continued)

		Year ended December 31,
		2019				2020				2021
		RMB				RMB				RMB
Revenue from Group companies (1)		—					25,994				131,379
Revenue from a related party and third parties			4,647,513				5,790,475				4,859,414
Cost from Group companies			—				214,289				1,291,468
Cost from a related party and third parties			3,565,109				4,556,588				2,870,809
Net income/(loss)			276,426				152,908				(60,908	)
Net cash used in operating activities with Group companies		—					(162,243	)			(794,936	)
Net cash provided by operating activities with third parities			240,823				218,030				1,248,860
Net cash used in investing activities with Group companies			(1,482	)			(30,404	)			(83,325	)
Net cash used in investing activities with third parties			(97,702	)			(490,270	)			(233,934	)
Net cash provided by/(used in) financing activities with Group companies			161,722				154,557				(156,406	)
Net cash (used in)/provided by financing activities with third parties			95,933				(98,390	)			—

(1) Inter-company revenues between VIEs and other subsidiaries

VIEs sell certain products to other subsidiaries. For the years ended 31 December, 2019, 2020 and 2021, the inter-company sales recognized by VIEs to Equity subsidiaries are nil, RMB12.6 million and RMB131.3 million, respectively. And the inter-company sales recognized by VIEs to Primary beneficiary of VIEs and their subsidiaries for the year ended 31 December, 2019, 2020 and 2021 are nil, RMB13.4 million and RMB0.1 million, respectively.

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A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates.

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Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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