Caijing On-Site Visit to Dreame: Payment Disputes and Production Line Adjustments

The business adjustments, which have lasted for over two months, have yet to stabilize Dreame. Dreame has begun to gradually pay back some suppliers, but the ripple effects triggered by production line contractions are still spreading. According to feedback from multiple suppliers, Dreame's arrears began to concentrate from the second quarter of this year, with amounts ranging from tens of thousands to over ten million yuan, involving businesses that have been scaled back, including smart home appliances, smart rings, and smartphones, as well as the smart cleaning segment covering robot vacuums and floor washers.