Ecovacs Robotics (603486) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 10.61% YoY to RMB 4.647bn, while attributable net income fell 72.43% to RMB 120.9m.

• 9M revenue increased 16.39% YoY to RMB 14.988bn; attributable net income declined 3.47% to RMB 1.369bn.

Financial highlights

• Q3 total profit was RMB 78.8m, down 81.38% YoY; adjusted net income was RMB 225.8m, down 46.77%.

• 9M adjusted net income was RMB 1.031bn, down 19.71% YoY; total profit was RMB 1.514bn, down 1.24%.

• 9M operating cash flow was negative RMB 342.0m, versus positive RMB 1.963bn in the prior-year period.

Key financial ratios and metrics

• Q3 basic EPS was RMB 0.21, down 72.73% YoY; 9M basic EPS was RMB 2.40, down 4.38%.

• Q3 weighted-average ROE was 1.24%, down 4.05 percentage points YoY; 9M ROE was 14.33%, down 3.87 points.

• Total assets at Sep. 30 were RMB 19.559bn, up 12.20% from year-end 2025; parent-attributable equity was RMB 9.864bn, up 9.07%.