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Zepp Health Corp. Reports First Quarter 2021 Unaudited Financial Results BEIJING , May 13 , 2021 / PRNewswire / Zepp Health Corp. ( NYSE : ZEPP ) today reported revenue of RMB1.1 billion ( US $ 175.1 million ) ; GAAP diluted net loss per share of RMB0.16 ( US $ 0.02 ) ; and GAAP diluted net loss per ADS of RMB0.64 ( US $ 0.10 ) for the first quarter ended March 31 , 2021 . Each ADS represents four ( 4 ) Class A ordinary shares . " We reached the high end of our guidance range , leveraging the growing revenue from sale of our self - branded Amazfit and Zepp products , which grew 84 % year - over - year in the first quarter , despite the continuing pandemic prevailing in many of our key markets , " said Wang Huang , Chairman and CEO of Zepp Health . " First quarter results included normal seasonality , and anticipation of the Xiaomi Band 6 , which will benefit the second quarter . With the sales records of our self - branded products in the first quarter , and many exciting product enhancements yet to come , we are well positioned and optimistic about the upcoming quarters this year . ” Added Chief Financial Officer , Leon Deng , “ Our strong guidance for the second quarter reflects our expectation of continued strength of our Amazfit and Zepp brands , as well as new Xiaomi shipments . While we continue to manage expenses , the ongoing pandemic has brought challenges to our expense coverage , and we keep investing in the growth of our business . We expect to return to GAAP profitability in Q2 this year . " First Quarter 2021 Financial Summary GAAP in millions , except for percentages and per share / ADS amounts Revenue RMB Revenue USD Gross Margin Net income / ( loss ) attributable to Zepp Health Corp. RMB Adjusted net income / ( loss ) attributable to Zepp Health Corp. RMB² Diluted net income / ( loss ) per share RMB Diluted net income / ( loss ) per ADS USD Adjusted diluted net income / ( loss ) per share RMB³ Adjusted diluted net income / ( loss ) per ADS USD Units Shipped Exhibit 99.1 For the Three Months Ended Mar. 31 , 2021 Mar. 31 , 2020¹ 1,147.3 1,088.5 175.1 22.5 % ( 40.4 ) ( 29.0 ) ( 0.16 ) ( 0.10 ) ( 0.12 ) ( 0.07 ) 6.3 153.7 22.5 % 19.2 25.5 0.07 0.04 0.10 0.06 7.6 1 The USD numbers in 2020 are referenced with the prior 6 - K disclosures . 2 Adjusted net income / ( loss ) attributable to Zepp Health Corp. is a non - GAAP measure , which excludes share - based compensation expenses . See " Reconciliation of GAAP and Non - GAAP Results ” at the end of this press release . 3 Adjusted diluted net income / ( loss ) is the abbreviation of Adjusted net income / ( loss ) attributable to Zepp Health Corp. , which is a non - GAAP measure and excludes share - based compensation expenses attributable to Zepp Health Corp. , and is used as the numerator in computation of adjusted basic and diluted net income / ( loss ) per ADS attributable to Zepp Health Corp .. 1