Beijing Roborock Technology Co Ltd

Roborock released its 2026 interim report, with net profit attributable to the parent company of 986 million yuan. The company's total operating revenue was 10.084 billion yuan, and net cash inflow from operating activities was 398 million yuan. The latest asset-liability ratio was 34.46 percent, up 7.42 percentage points from the previous quarter; gross margin was 43.26 percent, down 1.30 percentage points from the same period last year. Diluted earnings per share were 3.83 yuan, and the latest return on equity was 6.80 percent.

Roborock released its 2026 interim report, showing first-half net profit attributable to the parent of 986 million yuan, up 45.6% year on year. Operating revenue reached 10.08 billion yuan, up 27.6% year on year. Net profit attributable to the parent excluding non-recurring items was 803 million yuan, up 60.7% year on year. Net operating cash flow was 398 million yuan. In the second quarter, operating revenue was 5.86 billion yuan, up 30.9% year on year, and net profit attributable to the parent was 663 million yuan, up 61.8% year on year. The company's main business covers smart hardware such as robot vacuum cleaners, floor washers, and smart lawn mowers. During the reporting period, it applied solid-state area-array 3D radar in robot vacuum cleaners to achieve three-dimensional spatial positioning and mapping, and launched AI bidirectional assist technology and one-touch burst steam technology.

Roborock's board of directors approved a plan on August 12, 2026, to repurchase shares using its own funds through centralized bidding. The buyback amount will range from 15 million to 30 million yuan, and the repurchased shares will be used for employee stock ownership plans and equity incentives.

The small appliance sector rose 3.16% in intraday trading on July 27, with Breo up 14.55%, Joyoung up 6.44%, Rainbow Group up 5.77%, Ousheng Electric up 4.58%, and Roborock up 4.52%. According to AVC data, in the first half of 2026, omni-channel retail sales of kitchen small appliances fell 4.8% year-on-year, retail volume dropped 14.6% year-on-year, but the average price rose 11.5% year-on-year to 260 yuan. China Galaxy Securities noted that in 2026, the small appliance industry continues to see declining volume and rising prices, with product structure upgrades remaining the core theme. Driven by trends such as titanium materials, AI smart applications, and multi-function integration, structural upgrades are expected to continuously broaden application scenarios, support average price increases, and improve profitability. Guojin Securities pointed out that the industry is shifting from scale expansion to a value enhancement stage. Against the backdrop of continued national subsidy policies, the demand-side pull effect is tending to weaken marginally, but companies with technological iteration capabilities that can deeply integrate AI interaction, new material applications, and scenario-based functions are expected to continue benefiting from average price increases and brand premiums.