Vesync Co Ltd

02148: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	HKD 2.40	Xsh	Knwbpsfp

Vesync’s Earnings Recovery Supported by Geographical and Channel Expansion

Chokwai Lee

Mar 27, 2024

Business Strategy and Outlook

Vesync focuses on the online marketing and sale of self-designed and self-developed small home appliances and smart home devices, mainly through Amazon (more than 75% of sales in 2023). According to NPD Group, in 2023, Vesync’s Levoit air purifiers ranked first in the US in terms of sales value, with market share of 29%.

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