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Ecovacs Robotics (603486) investor relations material
Ecovacs Robotics Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for H1 2025 reached RMB 8.68 billion, up 24.37% year-over-year; net profit attributable to shareholders was RMB 979 million, up 60.84% year-over-year.
Service robot sales accounted for 55.39% of revenue, smart home appliances 42.19%; combined, self-owned brands contributed 97.58% of total revenue.
Gross margin improved by 2 percentage points year-over-year, with service robot gross margin up 5.3 points.
Overseas business contributed 40.8% of revenue, with notable growth in Europe and the US.
R&D investment reached RMB 507 million, up 13.8% year-over-year.
Financial highlights
Operating income: RMB 8.68 billion, up 24.37% year-over-year.
Net profit attributable to shareholders: RMB 979 million, up 60.84% year-over-year.
Operating cash flow: RMB 1.46 billion, up 487.7% year-over-year.
Basic EPS: RMB 1.73, up 61.68% year-over-year.
Gross margin: 50.3%, up 2 percentage points year-over-year.
Outlook and guidance
Company expects continued growth driven by product innovation, global expansion, and supply chain optimization.
Ongoing investment in R&D and digitalization to support long-term competitiveness.
No interim dividend or capital increase from reserves proposed for the half-year.
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