Viomi Technology Co., Ltd is a China-based company operating through variable interest entities (VIEs) including Beijing Viomi, Foshan Viomi, and Guangzhou Interconnect. The company generates revenues partly through its VIE structure, which contributed 90.2%, 88.9%, and 45.0% of revenues in 2022, 2023, and 2024 respectively. The filing focuses primarily on regulatory and structural risks related to its VIE arrangements under PRC law, with limited product-specific detail in this excerpt.
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