Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2021

Name		Relationship with the Group
Mr. Chen		Founder
Xiaomi		Shareholder of the Group
Foshan Wanwuhulian Trade Co., Ltd. (“Foshan Wanwuhulian”)		Controlled by the Founder

Schedule of Related Party Transactions

(1)	Amount due from/to related parties

	As of December 31,
	2020		2021
	RMB		RMB
Accounts receivable from a related party:
Xiaomi^(a)		609,094	320,939

Other receivables from related parties:
Sales receivable from Xiaomi^(b)		88,029		88,331
Other receivables from Xiaomi		9		36
Total		88,038		88,367

Amounts due to related parties:
Purchase payable to Xiaomi^(a)		2,463		3,537
Purchase payable to Foshan Wanwuhulian^(c)		121,321		-
Research and development expenses payable to Xiaomi		408	715
Selling and marketing expenses payable to Xiaomi^(d)		-	1,163
Total		124,192	5,415

(2)	Purchase from related parties

	Year ended December 31,
	2019		2020		2021
	RMB		RMB		RMB
Xiaomi^(a)		43,037		50,843		33,767
Foshan Wanwuhulian^(c)		15,422		469,950		-
Total		58,459		520,793		33,767

(3)	Revenue from a related party

	Year ended December 31,
	2019		2020		2021
	RMB		RMB		RMB
Xiaomi^(a)		2,112,170		2,889,441		2,295,569

(4)	Research and development expenses

	Year ended December 31,
	2019		2020		2021
	RMB		RMB		RMB
Xiaomi		657		1,915		3,484

18.	RELATED PARTY TRANSACTIONS (Continued)

(5)	Selling and marketing expenses

	Year ended December 31,
	2019		2020		2021
	RMB		RMB		RMB
Commission expenses charged by Xiaomi^(b)		58,874		77,163		82,617
Other expenses charged by Xiaomi^(b)		22,977		20,060		24,312
Total		81,851		97,223		106,929

(a)

The Group both sells water purifiers and other products to and purchase Xiaomi branded products and certain raw materials from Xiaomi. The amount due from Xiaomi represents receivable arising from sales of water purifiers and other products. The balance due to Xiaomi represents payable arising from purchase of Xiaomi branded products and certain raw materials

(b)

The Group sells its own brand products on the E-platform of Xiaomi, which charges the Group commission and technical service fees, also Xiaomi provides advertising and promotion service. The amount due from Xiaomi represents sales receivable net of commission, advertising and promotion service.

(c)

The Group purchases products from Foshan Wanwuhulian for trading during the year ended December 31, 2020. The cooperation with Foshan Wanwuhulian was terminated at the end of 2020.

(d)

The Group sells its own brand products on the E-platform of Xiaomi, which charges the Group customer service fees.