Achieving Record-breaking Financial Success
and Reaching Historic High in Total Assets
HONG
KONG, March 28, 2024 /PRNewswire/ -- Roborock, a
global leader in ultra-intelligent home robotics engineered to
simplify daily life, today announced its financial results for the
full year ending December 31,
2023.
Roborock achieved remarkable financial success during the
reporting period, posting revenue of 8.65
billion Yuan (US$1.22
billion), representing a significant 30.55% Year-On-Year
increase. The company recorded a net profit of 2.05 billion Yuan (US$288
million), achieving an annual growth rate of 73.32%.
Roborock's total assets reached an all-time high of 14.38 billion Yuan (US$2.02 billion), reflecting Year-On-Year growth
of 32.71%. These achievements solidify Roborock's position as one
of the leading players in the smart vacuum industry. The company
also recorded impressive overseas revenue, growing at a rate of
21.42%, while total robot vacuums shipments surpassed 2 million
units.
"Ever since we founded Roborock back in 2014, our long-term
mindset and unwavering commitment to focusing on delivering true
value to our customers is what has gotten us to where we are today.
It's been an amazing journey, and we are truly proud to emerge as a
global leader in smart vacuums." said Richard Chang, Founder & CEO of
Roborock.
"As we approach our 10-year anniversary, we are excited to
introduce more of our cutting-edge vacuums, including the S8 MaxV
Ultra which we unveiled at CES 2024. This flagship innovation
represents our most technologically advanced one-stop cleaning
solution to date, underlining our focus on enriching future
lifestyles within the smart home ecosystem to enhance the quality
of life for our customers worldwide."
Financial Performance Highlights
Sales and Net Profit
- Total revenue recorded was 8.65 billion
Yuan (US$1.22 billion)
- Of this, 4.23 billion Yuan (US$595 million) is
attributed to Roborock's overseas operations, accounting for 49% of
total revenue
- Roborock's overseas operation recorded a revenue growth of
21.42% compared to the previous year
- The company achieved a net profit of 2.05 billion
Yuan (US$288 million), with an
annual growth rate of 73.32%
- Roborock's total assets reached a historic high of 14.38 billion Yuan (US$2.02 billion), reflecting a remarkable 32.71%
Year-On-Year growth
Growth across Product Categories
- Roborock's total robot vacuums shipments surpassed 2 million
units, generating an income of 8.09 billion
Yuan income (US$1.14 million)
and achieving a Year-On-Year growth of 27.14%
- Roborock experienced rapid growth across new product categories
(product portfolios except robot vacuums), with an income of
554 million Yuan (US$78 million) income and a Year-On-Year growth
of 109.4%
Research & Development
- R&D expenditure amounted to 619
million Yuan (US$87 million),
accounting for 7.15% of total revenue. This represents a
year-on-year growth of 26.69%
- During the reporting period, 522 new domestic and overseas
patents were filed
Major accounting data and financial indicators in the past 3
years
(Unit: Yuan; Currency: RMB)
|
2023
|
2022
|
Year-On-Year
Growth (%)
|
Total Assets
|
14,376,641,614
|
10,833,053,890
|
32.71
|
Net assets
attributable to
shareholders of
listed companies
|
11,380,526,122
|
9,556,378,416
|
19.09
|
Revenue
|
8,653,783,788
|
6,628,716,402
|
30.55
|
Net profit
attributable to
shareholders of
listed companies
|
2,051,217,414
|
1,183,476,942
|
73.32
|
Net profit
attributable to
shareholders of
listed companies
after deducting
non-recurring
gains and losses
|
1,826,089,668
|
1,197,719,439
|
52.46
|
Net cash flow
from
operating activities
|
2,185,931,368
|
1,120,467,567
|
95.09
|
About Roborock
Roborock is committed to innovation in researching,
developing, and producing home cleaning devices, particularly
robotic, cordless, and wet/ dry vacuum cleaners. Every Roborock
product has been designed with an eye on solving genuine problems,
so Roborock customers can live better lives. Currently, Roborock is
available in more than 40 countries, including the U.S.,
Germany, France, and Spain. The company operates out of four
locations, with offices in Beijing, Shanghai, Shenzhen, and Hong
Kong. For more information
visit https://us.roborock.com/.
Exchange Rate Information
This announcement contains translations of certain RMB amounts
into U.S. dollars at a specified rate solely for the convenience of
the reader. Unless otherwise noted, all translations from RMB to
U.S. dollars and from U.S. dollars to RMB are made at a rate
of 7.1132 Yuan to US$1.00, the spot exchange rate at
the annual reporting date of December 31, 2023. The company
makes no representation that the RMB or U.S. dollars amounts
referred could be converted into U.S. dollars or RMB, as the case
may be at any particular rate or at all.
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SOURCE Roborock