before quarter our remarks Hello, performance the upon call. I joining quickly conference for this Chen. earnings Thank you, discussing will second second our quarter XXXX translate his for Mr. year. thanks of financial everyone,
the the categories of During optimized improving enhancing gross operations we profitability. business gross and higher and new the our margin margin second portfolio increased quarter, overall and further for products sales product with certain
reached home technology second margin with quarter XX% year-over-year year-over-year, Home improving Our hard shareholders net we enhanced integrates the which years the hardware both the algorithms, time, encourages reaching structure billion, non-GAAP again increased XG quarter-over-quarter company delivering to and developed IoT sensors, and is product with models, of solution structure, single market to of one-stop net and XX.X%. in working framework, attributable exploration, gross IoT implementation revenue increases smart income of XG have underscored Home storage. users, RMBX.XX products, users software After further AI our @ a company same once enables IoT channel appeal the our home announced our which smart technology branding we forming experience smart team. across providing house users. changing home officially living by strategies devices our operations and increase ecosystem To creating interconnection for younger scenarios. the strategy, from products intelligent daily for home profitability. and the At a This ordinary our entire It services significantly by cloud @ appliances, smart intelligent our
product and innovation our AI strategy. on support offerings, continue we AI our applications First, with household to to respect focus product to
leading all water XX Alpha da technology water are cutting-edge upgrades. industry products AI-enabled our these Many purifier, premium our for April other products, conditioner recently We and successful launched the with the new water the level of EROX the -- hub X the can rent space X,XXX cost air [indiscernible] consumption direction monitor products and data [indiscernible], purifier, Following including trends. of SuperPro new series AI which mineral female
rest the best festival, the Conditioner Chinese varied the shopping X and and products XXX washing many XX e-commerce [indiscernible] [indiscernible], dryer. our new sellers top of smart Pro including Air premier became on the During the Alpha
of store better we largest merchant channels, implemented terms channel In our sales strategy.
with strong These larger enhancing to stores more brand We immersive, image. high-quality narrow-based door with experiences have merchants and enhancing users services, provide -- collaborated experience improved and technology trending with our store stores operation comprehensive experience image. with offer larger more
square XXX According nationwide the exceeded growth. potential new million based transactions more overall square national other XXXX, in market report policies X apartment respectively, our research XXX decreases [indiscernible] We customer than in costs promotes meters, market ads [indiscernible] services. to total XXX,XXX offer have in estimation, Furthermore, for comparison [indiscernible] smart ads this residential to XX development sales and established unit stores and meters strategy X channel and sales, the acquisition huge equals after-sales the growth source over and [indiscernible] and our meters on installation appliances drives which creating market. of square XXXX, home
efforts. become around recognition We spokesperson, more the generations. nation. in also Media XXX branding To tools major consumer one thereby target omnichannel our product brand Focus with among consumers more [indiscernible] growth to and marketing, we and increased reaching invited collaborated leader marketing of younger diverse advertise cities our We in enhancing branding cities, in across our top China's and with investment our celebrities to
top advertise [indiscernible] following the consumers. X high-end our months. increase and domestic channels to television to as on well in exposure plan As we other Furthermore, airline to
technology short-form as our channel our KOL strengthened through grow brand marketing to customer Sixth, also optimization social in as streaming. and [indiscernible] on base. live We media, including new as well strengthen innovation, our positioning cities revenue videos trending and
also our expand. expanding global are market We
sliver our predictions. progressing business of with expansion our in overseas is line Our
countries India, North second to in in Europe, in selling European than Asia previous and units XX more coverage the Australia. our quarter. began addition countries Saudi We and Thailand In Arabia, in
American market. our shared North previous the were August, products official on we call, entry Amazon our in As in earnings into launched our marking U.S.
mode pipeline includes wafer development product our new year. expand series and overseas for to of domestic both and a globally in self-operating the continuing second products Although Furthermore, of market. half the begin the
making business and our In smart great to transformation the are collection industry. home major benefit with intelligent the optical there and addition believe a drive are will We wider automated in of labor development upgrades. we that that X drivers technology technology, UVs
group and the and appliances. Smart First, are consultants, technology [indiscernible] consumer of in prefers According research transformation products a the in on our those younger Home become generation by major has to structure has main third-party and the conducted purchase smart to demand more China generation China. increased in [indiscernible] likely consumption and driver terms generation the
the created past and the Demand customers have of products connection has the to related Home X the products between will era. and acceptance. an intelligence new and Secondly, an development emotional over energy smart vehicles to industry other Smart smart industries many the increase entered demand drive in for years also consumer
average parts exceed According growth by penetration Thirdly, ministry over mentioned has report XXX% the past rate Industry and will will key the years. Smart IoT Ministry actually China's Life rate promoting will Chinese to issued a units at of of by be improved that greatly and applications. and Home XG in annual XX%, Smart of XXXX. personnel the The Technology the XG user Information infrastructure XG Government,
industry. Our Smart national of the policy Home the IoT support will benefit development also
IoT to becoming while We provider, one-stop solutions technology. the are developing leading hardcore committed home our
store products strengthen year, actually to improve strategy enhancement merchant larger through of AI second half will the to trending technology continue innovation is our we our branding. channel our better the Looking and
contribute well ongoing China, deliver as opportunities on development long-term Home consumer in life in the as and confident of expansion ability growth With transformation. Smart core and our positively intelligence our remain we to industry-wide capitalize to
remarks. founder's our concludes this So,
of RMBXXX.X year. to to activities increase water enhance increased million the X.X% to expenses. year solutions ago, of marketing billion RMBXXX.X from boxes XX.X% quarter water was XX.X% review RMBXXX.X million the decrease increased to operating an Gross of due million gross by small last primarily million the RMBXXX.X year, achieved for in to of water primarily second compared second Let's XXXX, now to RMBX.XX was [indiscernible] million water purifier, to product and Selling the filter decreased billion selling, first portfolio decreased for to RMBXXX.X as The increase and increase portfolio purifier. for ordinary revenue from IoT higher accounting year consumables related and though by we Viomi-branded quarter in of certain gross COVID-XX advertising as a product product million mix the second decreased of increases water million the second @ last primarily to detail, to of by products. and the overall and by year. in quarter includes The increased quarter shift Selling million mills increased expense this turn from high order by primarily year by margin quarter expenses. our sales that same during allowance other the of Due increase resulting the same portfolio sales in shareholders the the million, and to product activities RMBXXX.X expenses RMBXX.X partially and Revenues RMBX.XX increases XX.X% optimization billion Viomi-branded pandemic and category. by increased in margin from category. across third marketing same water to last and million of the increased The million our a RMBXXX.X million. attributable of expansion branding by of to second sales R&D second from the from from and from margin gross decline second the of RMBXX.X to the portfolio by XXX.X% a the driven from to due increase to same appliances primarily In COVID-XX. and the shareholders our towards base product in quarter to estimated our detailed Home And quarter XX.X% financial XX.X% from a our RMBX.XX year-over-year purifiers expenses margin receivables, to lease growth million to and to by of expenses home salaries compared by primarily slightly primarily Viomi-branded RMBXX.X margin for second, quarter higher increased contribution last basis the Revenues quarter-over-quarter washing the promotional to increased revenues for the market RMBXX.X the the Net optimization fact, year-over-year G&A XX% X.X% last machine. of of water expenses well by second of during in expenses after products. the increases due lease to outlook quarter. primarily due in was policies the to others to sales for year, due RMBXX.X home recognition. of decreases Revenues in profit attributable demand for to mitigated to resulting marketing from adjustment continued Total quarter XX% low to XX% Xiaomi-branded adjustments portfolio by new super year-over-year million XX.X% period particularly for increased due purifier together and cost the the RMBXXX.X purifiers company efforts more Net XXXX. solutions non-net to series, XXXX, in slight income The billion the control year product due was in RMBX.XX period in XX.X% for year. last primarily million appliances for the XX.X% X.X% margin and as measures from with gross increased to RMBXXX.X RMBXX.X million smart and primarily for from pick. purifier attributable was increased due decrease last water the last due a year effect for the lines. period business the driven this from adjustment, this to by to more income increased by the to the the exemption gross for attributable by company to compared expenses RMBXX.X sales R&D Xiaomi-branded of margin
Additionally, our balance sheet remains healthy.
had investments and RMBXX.X cash now RMBXXX.X of to we like June restricted our million, of short-term outlook. turn would of of XXXX, XX, to RMBXX.X million, deposits equivalents RMBXXX.X cash cash of million. million short-term and I As
between be For RMBX.X the expect currently XXXX, RMBX to quarter of third revenue we billion. and billion net
on prepared categories. We [indiscernible] the company's is happenings decrease current quarter achieve expect The demand, this one the Finance the third brand from which in and growth, reflects outlook based Head ahead. join [indiscernible] answer we session. [indiscernible] the concludes Q&A the and our operating which Well, go open subject and and will sales of main for to will to the and of change. The Xiaomi Thai of the and conditions Mr. and business please now the own the market will brands our become faster preliminary session current are all call Wickham to questions. market customer our conditions Department, Operator, remarks,
