Beijing Roborock Technology (688169) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 34.85% YoY to RMB5.61bn; attributable net profit increased 33.01% to RMB479.2m. YTD revenue grew 30.10% to RMB15.70bn and attributable net profit rose 41.23% to RMB1.47bn.

• Domestic and overseas market expansion, rising market share, improved operating efficiency and lower expense ratios supported growth; IEEPA tariff refunds also boosted profit.

Financial highlights

• Q3 total profit reached RMB537.8m, up 44.83% YoY; YTD total profit was RMB1.540bn, up 51.79%.

• Adjusted for non-recurring items, Q3 attributable net profit was RMB402.6m, up 20.25%; YTD adjusted profit was RMB1.206bn, up 44.50%.

• YTD operating costs rose to RMB14.285bn from RMB11.187bn; revenue increased to RMB15.699bn from RMB12.066bn.

• Q3 operating cash flow was negative RMB699.6m; YTD net outflow narrowed to RMB301.7m from RMB1.060bn YoY, with expanded sales, inventory stocking and settlement timing affecting cash flow.

Key financial ratios and metrics

• Q3 basic EPS was RMB1.87, up 33.57% YoY; diluted EPS was RMB1.87, up 34.53%. YTD basic and diluted EPS were RMB5.71, up 41.69% and 42.04%, respectively.

• Weighted average ROE was 3.30% in Q3, up 0.60 percentage points YoY; YTD ROE was 10.09%, up 2.31 percentage points.

• R&D spending was RMB324.6m in Q3, down 5.28%; YTD spending was RMB1.045bn, up 1.65%. R&D intensity was 5.78% for Q3 and 6.66% YTD, down 2.45 and 1.86 percentage points, respectively.

• Total assets were RMB23.663bn at Sep. 30, up 20.30% from year-end; parent-attributable equity was RMB15.042bn, up 7.36%.