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About Vesync Co., Ltd Since its establishment in the US in 2...

Vesync (2148.HK) 2022 Annual Results Conference
Mar 29 21:00
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About Vesync Co., Ltd Since its establishment in the US in 2011, VeSync Group has set up branches in various locations around the world, including the US, Shenzhen and Chongqing, Hong Kong, Macau, China, Germany, Japan, etc., with a total of nearly 1,300 employees. The VeSync Group has always adhered to “Build a Better Living!” The business philosophy and mission is to “provide a personalized healthy and smart life for global families through deep interconnection with users, continuous innovation in technology, and integrated hardware, software, and content services”, and takes “channel globalization, intelligent product interaction, deep connectivity, and digitalization” as strategic development goals, and is developing rapidly in the growing global smart home market. VeSync Group plays an important role in smart home platforms across the US. Its ETEKCITY, COSORI, Levoit, and Arize brands cover health monitoring, kitchen appliances, living environment, etc., and its products are sold to dozens of countries and regions around the world. According to statistics from NPD Group, Inc. (“NPD”), in 2022, Levoit's US air purifier market share (note) was about 23% and humidifier market share (note) was about 20%, of which Levoit air purifiers were in the US air Purifiers rank first in both omni-channel sales volume and sales volume. Note: The above data is based on NPD statistics on the US channels it covers. NPD collects point-of-sale data from selected retailers for its US Small Appliance POS tracking service. This data is actual sales obtained from retailers/data partners on a product-level basis. About Vesync Co., Ltd Since the Foundation in the United States in 2011, VeSync has established multiple branches across the globe, including but not limited to in Shenzhen, Chongqing, Hong Kong, Macau, Germany and Japan, with employees 1300 employees. VeSync Group has been adhering to its mission and business organization “Build a Better Living!” Since its beginnings, and with “Constant Innovation, Synchronized Service of 'Software, Hardware, and Content', Beginning Families Around the World with Hospitality and Intelligent Way of healthy life through deep interconnection with users” as its vision, presented “globalized channel, interaction-enabled products, deep connection, and digitization” as its target for Strategic development, VeSync has already developed in the growing market of smart appliances for home. VeSync is an important player in the e-platform of smart appliances in the United States, with brands ETEKCITY, COSORI, Levoit, and relaxation areas of health monitoring, kitchen Appliances, living environment, etc. The products are sold to multiple countries or regions around the globe. According to NPD Group, Inc. (“NPD”) statistics, in 2022 in the United States Market, the market share of Levoit's air purifier had already reduced 23% (note); and 20% (note) Levoit air purifier shampoo top in terms of both sales volume and sales amount in the United States market. Note: The above data are presented from statistics of the U.S. channels that NPD covers. NPD Purchasing Point-of-Sale Data from Selected Households for its U.S. Small Appliance POS Tracking Service. This data is the actual sales in terms of unit from the retailer/data partner.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty. Read more
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