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Zepp Health Corporation Reports Third Quarter 2021 Unaudited Financial Results BEIJING , November 16 , 2021 / PRNewswire / -- Zepp Health Corporation ( " Zepp " or the " Company " ) ( NYSE : ZEPP ) today reported revenue of RMB1.6 billion ( US $ 249.3 million ) ; GAAP diluted net income per share of RMB0.19 ( US $ 0.03 ) ; and GAAP diluted net income per ADS of RMB0.74 ( US $ 0.11 ) for the third quarter ended September 30 , 2021. Each ADS represents four ( 4 ) Class A ordinary shares . " Despite global supply chain and chip shortage challenges affecting many companies , we are pleased to meet our guidance range for the third quarter of 2021 , " said Wang Huang , Chairman and CEO of Zepp Health . " Even without any new product launches , unit shipment volumes of Amazfit and Zepp branded products increased 89 % year - over - year , demonstrating continuing global expansion of our brands . We began the fourth quarter with new technology and products , including our new OS for independent apps and the launch of the next generation 3 of our best - selling GT series watch line . ” " Today , our board approved a $ 20 million share repurchase program . " Mr. Huang added , " The Share Repurchase Program is well aligned with our commitment to maximizing value for all of our stakeholders and reflects the Company's confidence in its sustainable growth and long - term strategy , supported by the strong balance sheet and cash position . " Chief Financial Officer , Leon Deng , added “ In addition to the strong growth of the Company's own branded products , third quarter topline performance reflected the different timing for the launch of Xiaomi’s new Mi Band in the second quarter this year , as well as impacts of supply chain slowdowns and chip shortages . Despite these challenges , we successfully managed to continue our expense control , which reduced total operating expenses by 31.2 % . " Third Quarter 2021 Financial Summary GAAP in millions , except for percentages and per share / ADS amounts Revenue RMB Revenue US $ Gross Margin Net income attributable to Zepp Health Corporation RMB Adjusted net income attributable to Zepp Health Corporation RMB² Diluted net income per share RMB Diluted net income per ADS US $ Adjusted diluted net income per share RMB³ Adjusted diluted net income per ADS US $ Units Shipped For the Three Months Ended Sept. 30 , Sept. 30 , 2021 2020¹ 1,606.1 249.3 20.2 % 49.3 65.5 0.19 0.11 0.25 0.15 9.9 2,235.1 329.2 20.6 % 81.1 120.8 0.31 0.18 0.46 0.27 15.9 Exhibit 99.1 For the Nine Months Ended Sept. 30 , 2021 Sept. 30 , 2020¹ 4,588.5 712.1 21.5 % 101.5 168.9 0.38 0.24 0.64 0.40 27.8 4,460.8 657.0 21.5 % 113.5 165.5 0.44 0.26 1 The US $ numbers in 2020 are referenced with the prior 6 - K disclosures , which translations from RMB to US $ are made at a rate of RMB6.7896 to US $ 1.00 , the effective noon buying rate for September 30 , 2020 as set forth in the H.10 statistical release of the Federal Reserve Board . ²Adjusted net income attributable to Zepp Health Corporation 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 . 0.64 0.38 32.4 3 Adjusted diluted net income is the abbreviation of adjusted net income attributable to Zepp Health Corporation , which is a non - GAAP measure and excludes share - based compensation expenses attributable to Zepp Health Corporation , and is used as the numerator in computation of adjusted basic and diluted net income per ADS attributable to Zepp Health Corporation . 1