Beijing Roborock Technology (688169) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 4.23 billion, up 23.31% year-over-year, with net profit attributable to shareholders rising 20.83% to RMB 323.2 million.

• Gross margin improved as operating costs increased at a slower pace than revenue, and R&D investment grew 7.15% to RMB 285.5 million.

Financial highlights

• Operating income for Q1 2026 was RMB 4.23 billion, up from RMB 3.43 billion in Q1 2025.

• Net profit attributable to shareholders was RMB 323.2 million, up from RMB 267.5 million year-over-year.

• Basic and diluted EPS both increased to RMB 1.25 from RMB 1.04 year-over-year.

• Gross profit margin improved as cost increases lagged revenue growth.

• Net cash flow from operating activities was negative RMB 393.8 million, compared to negative RMB 42.2 million in Q1 2025, mainly due to timing differences in payments and receipts under the contract manufacturing model.

Outlook and guidance

• Management notes continued profitability improvement and expects positive trends to persist, with no significant risk factors highlighted for the near term.