Achieved record financial success with total assets reaching record high
Hong Kong, March 28, 2024 /CNW/ — roborockthe world leader in ultra-intelligent home robots designed to simplify daily life, today announced its full-year financial results. December 31, 2023.
Roborock achieved remarkable financial success during the reporting period; 8.65 billion yuan (1.22 billion USD), representing a significant increase of 30.55% year-on-year.The company recorded a net profit 2.05 billion yuan (288 million USD), achieved an annual growth rate of 73.32%.
Roborock's total assets reach an all-time high 14.38 billion yuan (2.02 billion USD), reflecting a year-on-year growth of 32.71%. These achievements have solidified his Roborock's position as one of the leading companies in the smart vacuum cleaner industry. The company also recorded impressive overseas revenue, with total shipments of robot vacuum cleaners exceeding 2 million units, with a growth rate of 21.42%.
“Since founding Roborock in 2014, our long-term mindset and unwavering focus on delivering real value to our customers has led us to where we are today. It's a journey and we're really proud of it.'' Emerging as the world leader in smart vacuum cleaners. ” Said Richard ChanFounder and CEO of Roborock.
“As we celebrate our 10th anniversary, we are excited to introduce more of our cutting-edge vacuum cleaners, including the S8 MaxV Ultra, which we announced at CES 2024. This flagship innovation is our most technologically advanced one-stop cleaning solution to date. , underlines our focus on enriching future lifestyles within the smart home ecosystem to improve the quality of life for our customers around the world.”
Financial performance highlights
Sales and net income
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The total revenue recorded was 8.65 billion yuan (1 usd.22 billion)
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Of this, 4.23 billion yuan (US$595 million) came from Roborock's overseas operations, accounting for 49% of total revenue.
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Roborock's international business recorded 21.42% year-over-year revenue growth.
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The company achieved a net profit of 2.05 billion yuan (288 million USD), annual growth rate is 73.32%
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Roborock's total assets reach a historic high 14.38 billion yuan (2.02 billion USD), reflecting an impressive year-over-year growth of 32.71%.
Growth across product categories
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Roborock's total number of robot vacuum cleaners shipped exceeds 2 million units. 8.09 billion yuan Income (1.14 million USD), achieved 27.14% growth compared to the previous year.
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Roborock has experienced rapid growth across new product categories (product portfolio excluding robot vacuums); 554 million yuan (78 million USD) Revenue and growth of 109.4% YoY
Research and Development
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Research and development costs are 619 million yuan (USD 87 million), accounting for 7.15% of total revenue. This represents a year-over-year growth of 26.69%.
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522 new patent applications were filed domestically and internationally during the reporting period.
Main accounting data and financial indicators for the past three years
(unit: Yuan; Currency: Renminbi)
|
2023 |
2022 |
YoY comparison |
|
|
Total assets |
14,376,641,614 |
10,833,053,890 |
32.71 |
|
net worth |
11,380,526,122 |
9,556,378,416 |
19.09 |
|
revenue |
8,653,783,788 |
6,628,716,402 |
30.55 |
|
Net income |
2,051,217,414 |
1,183,476,942 |
73.32 |
|
Net income |
1,826,089,668 |
1,197,719,439 |
52.46 |
|
net cash flow |
2,185,931,368 |
1,120,467,567 |
95.09 |
About Roborock
roborock is committed to innovation in the research, development and production of household vacuum cleaners, especially robotic, cordless, wet/dry vacuum cleaners. All of his Roborock products are designed with solving real problems in mind to help Roborock customers live better lives. Roborock is currently available in over 40 countries, including the United States. Germany, Franceand Spain. The company operates from his four locations, with offices as follows: Beijing, Shanghai, shenzhenand Hong Kong.Learn more about https://us.roborock.com/.
Exchange rate information
This announcement contains translations of certain Renminbi amounts into U.S. dollars at certain rates solely for the convenience of readers. Unless otherwise specified, all translations from Renminbi to US Dollars and from US Dollars to Renminbi are at the spot exchange rate of RMB 7.1132 to USD 1.00 as of the annual reporting date of December 31, 2023. It is done. We do not make any representations such as: Amounts in Renminbi or US Dollars mentioned may be converted into US Dollars or Renminbi at specific rates or at all, as the case may be.
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Source Roborock
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