Robam Appliances' 2026 interim net profit was 578 million yuan, down 18.75% year-on-year
Robam Appliances released its 2026 interim report, with total operating revenue of 3.972 billion yuan, down 13.78% year-on-year; net profit attributable to the parent company was 578 million yuan, down 18.75% year-on-year. Net cash flow from operating activities was negative 362 million yuan, down 170.87% year-on-year. The company's asset-liability ratio was 29.42%, gross margin was 50.54%, ROE was 4.98%, and diluted earnings per share was 0.61 yuan. The number of shareholders was 46,100, and the top ten shareholders held 61.62% of the total share capital.
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Haier, Supor and Robam all saw declines in both volume and profit in the first half. When will the home appliance industry emerge from its trough?
On the evening of August 27, Haier Smart Home, Supor and Robam released their half-year reports. Affected by domestic and international market conditions, all three mainstream home appliance companies saw declines in both volume and profit in the first half. Data from AVC shows that in the first half of the year, total retail sales of all categories in China's home appliance industry reached 425 billion yuan, down 9.9 percent year on year, with a 6 percent decline in the first quarter and a 12.4 percent decline in the second quarter. Haier Smart Home's first-half operating revenue was 152.115 billion yuan, down 2.8 percent year on year, with net profit attributable to the parent company of 10.316 billion yuan, down 14.27 percent, and foreign exchange losses of 704 million yuan. Supor's revenue was 11.4 billion yuan, down 0.59 percent year on year, with net profit attributable to the parent company of 868 million yuan, down 7.7 percent. Robam's revenue was 3.972 billion yuan, down 13.78 percent year on year, with net profit attributable to the parent company of 578 million yuan, down 18.75 percent, and it plans to pay a cash dividend of 5 yuan per 10 shares. Looking ahead to the second half of the year, the decline in the size of the domestic home appliance market is expected to narrow, and companies are streamlining their organizational structures to reduce costs and improve efficiency.
Robam Appliances Board Gets Tech-Savvy Overhaul as Ren Fujia Doubles Down on AI Digital Kitchen Appliances
Robam Appliances has completed the election of its new board of directors, with second-generation leader Ren Fujia officially taking the helm. The board has significantly expanded its intake of AI and digital technology talent and announced a full-scale push into its AI digital kitchen appliance strategy. Newly appointed non-independent director Zhou Haixin will oversee the core AI digital kitchen appliance business. Ge Hao is the former chief architect of the Jiutian Central Digital Platform, and newly appointed independent director Zheng Xiaolin is a professor and doctoral supervisor at Zhejiang University's College of Artificial Intelligence. In 2025, Robam Appliances reported total revenue of 10.116 billion yuan, down 9.78 percent year on year, and net profit attributable to shareholders of 1.256 billion yuan, down 20.38 percent. Its AI digital kitchen appliance business generated revenue of 2.35 billion yuan, up 36 percent year on year. However, the selling expense ratio climbed to 28.90 percent in 2025, while research and development spending fell 11.05 percent year on year. Selling expenses reached 7.9 times the size of R&D spending, prompting market skepticism that its AI transformation leans more toward marketing and concept packaging, with core technological barriers yet to be established.
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Robam Appliances showcases Shishen large model deployment; AI digital kitchen appliances grow 36% in 2025
Robam Appliances recently held an AI cooking technology experience day, showcasing the real-world deployment of Shishen, the first vertical large model for cooking. Dr. Zhou Haixin, senior vice president of the company, explained that the Shishen large model relies on a dual mechanism of long-term memory and short-term contextual memory to deliver personalized and precise services. After users log in to the Shishen app, the system can retain information such as region, age, dietary restrictions, and health checkup data, and automatically filter out high-purine recipes. According to company disclosures, its AI digital kitchen appliances grew 36 percent year on year in 2025, becoming a core lever to offset fluctuations in the real estate cycle. The company holds more than ten data intellectual property certificates in the cooking field, has obtained Zhejiang Province's first tradable cooking data intellectual property certificate, and was selected as one of only fifteen pilot enterprises nationwide for high-quality industrial datasets. For the embodied intelligence sector, the company has formulated a phased deployment roadmap spanning five to ten years, focusing in the short term on single pain-point scenarios such as clearing tableware after meals and disposing of kitchen waste, and gradually expanding to multi-scenario household functions in the medium to long term.
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Robam Appliances Initiates Board Renewal as Founder Ren Jianhua Steps Down; His Son Ren Fujia Leads Non-Independent Director Nominations
Robam Appliances has initiated a board renewal after delivering its worst annual report since listing. Founder Ren Jianhua did not appear on the list of candidates for the seventh board of non-independent directors, while his son, current vice chairman and general manager Ren Fujia, leads the list. The company's sixth board term is about to expire, and the seventh board is proposed to consist of nine directors, including five non-independent directors, three independent directors, and one employee representative director. Following board nomination and qualification review, Ren Fujia, He Yadong, Wang Gang, Zhou Haixin, and Ge Hao have been nominated as non-independent director candidates, while Zheng Xiaolin, Yu Lieming, and Cheng Zhiyong have been nominated as independent director candidates. This renewal still requires approval at the first extraordinary general meeting of 2026, with director terms lasting three years from the date of approval. Robam Appliances reported full-year 2025 revenue of 10.116 billion yuan, down 9.78 percent year-on-year, and net profit attributable to shareholders of 1.256 billion yuan, down 20.38 percent year-on-year, marking the first annual revenue decline since listing and a net profit drop exceeding 20 percent. In the first quarter of 2026, revenue was 1.963 billion yuan and net profit attributable to shareholders was 307 million yuan, down 5.46 percent and 9.82 percent year-on-year respectively. Among traditional categories, range hood revenue was 4.985 billion yuan, down 8.62 percent; gas stove revenue was 2.506 billion yuan, down 9.76 percent; integrated stove revenue was 139 million yuan, down 57.56 percent; dishwasher revenue was 680 million yuan, down 14.10 percent; and engineering channel revenue was 1.075 billion yuan, down 35.84 percent. Ren Fujia's annual salary for 2025 dropped from 1.3941 million yuan to 669,600 yuan, a decline of 51.97 percent, while executives such as He Yadong and Zhou Haixin also saw significant pay cuts.
China