Ecovacs released its 2026 half-year report. Operating revenue was 10.34 billion yuan, up 19.2% year on year. Net profit attributable to the parent was 1.25 billion yuan, up 27.4% year on year. Net profit attributable to the parent excluding non-recurring items was 805 million yuan, down 6.4% year on year. Net operating cash flow was 206 million yuan, down 85.8% year on year. In the second quarter, operating revenue was 5.44 billion yuan, up 12.9% year on year. Net profit attributable to the parent was 843 million yuan, up 67.0% year on year. Net profit attributable to the parent excluding non-recurring items was 409 million yuan, down 18.9% year on year. In the half-year report, the company noted that due to the phasing out of the national subsidy policy and a high base in the same period last year, retail sales in China's robot vacuum market fell 4.0% and retail volume fell 4.6%, while retail sales in the floor washer industry grew 1.5% and retail volume grew 14.5% year on year. The company also said it continued to increase research and development investment, launched multiple new products, and actively expanded overseas markets, with overseas business revenue growing significantly.
Ecovacs Robotics Co LtdNet profit attributable to parent rose 27.4% year on year, though excluding non-recurring items fell 6.4%.
