BEIJING, Dec. 31, 2021 /PRNewswire/ — Zepp Overall health Corp.  (NYSE: ZEPP) announced these days an update to its steerage for the fourth quarter 2021, as well as an update to the progress of its share repurchase plan.

Because of to better than predicted results of Covid, which includes a much more persistent worldwide chip shortage and recently improved Covid limitations and lockdowns in essential European marketplaces as a result of the Delta and the new Omicron variants, the company now expects its web revenues for the fourth quarter of 2021 to be among RMB1.6 billion and RMB1.75 billion, compared to the steering of among RMB1.75 billion and RMB2. billion delivered on November 16, 2021.  Expectations remain for the enterprise to maintain profitability. This outlook is based on the current market problems and reflects the business management’s current and preliminary estimates of current market and running ailments and customer demand from customers, which are all issue to change.

Also, on the company’s November 16 quarterly results simply call, management declared an authorization of up to US$20 million to repurchase shares, in portion to fund the company’s worker stock approach. Since that announcement, the organization has acquired back again around US$3.6 million of inventory. The business intends to go on the repurchase software.

About Zepp Well being Corporation (NYSE: ZEPP)

Zepp Wellness is a main worldwide developer of wise wellbeing know-how, whose mission is to connect wellbeing with technology. Because its inception in 2013, Zepp Overall health has designed a platform of proprietary technologies such as AI chips, biometric sensors, information algorithms and working methods, which travel a broadening line of smart health and fitness gadgets for buyers, facts analytics products and services for populace well being, and industrial clinical technologies for diagnostics and care shipping. Zepp Overall health is one particular of the biggest worldwide developers of intelligent wearable overall health and purchaser health equipment, shipping 46 million models in 2020. Zepp Wellness Corp. is primarily based in Hefei, China, with U.S. operations, Zepp Wellbeing United states of america, based mostly in Cupertino, Calif.

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