Roborock announces its financial results for the year 2021

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During the reporting period, the company recorded a 28.84% year-on-year revenue increase to 5.837 billion yuan ($915.51 million). Net profit was recorded at 1.402 billion yuan ($219.90 million), achieving a compound annual growth rate of 84% over five years. The company’s overseas revenue is growing at a rate of over 80%, while the total number of robot vacuum cleaners sold has exceeded 10 million units.

Roborock also disclosed the Q1 2022 financial performance report. During the reporting period, revenue was recorded at 1.360 billion yuan ($213.31 million), a year-over-year increase of 22.30%. Net profit attributable to equity holders was 343 million yuan ($53.80 million), an annual growth of 8.76%.

“Over the past year, we have faced unprecedented uncertainties in the business environment, but we have relentlessly pursued innovation to continue delivering value to our stakeholders. We also focused on optimizing our management infrastructure and developing talent. unveiled on the Roborock S7 which received a special mention from TIME magazine in its Best Invention of 2021 awards.” mentioned Richard ChangFounder and CEO of Roborock.

“Going forward, Roborock will continue to demonstrate the entrepreneurial spirit that has been essential to our accomplishments. We will also continue to strive to achieve our mission of empowering people for better lives by creating products that define innovation and engineering excellence.”

Financial Performance Highlights

Sales and net profit

  • The total turnover recorded was 5.837 billion yuan ($915.51 million).
  • Among which, 3.363 billion yuan (US$527.47 million) was contributed by Roborock’s overseas operations, equivalent to 57.6% of total revenue.
  • Roborock’s overseas operation saw revenue growth of 80.05% year-on-year.
  • Roborock’s net profit was 1.402 billion yuan ($219.90 million), achieving a compound annual growth rate of 84% over five years.

Units sold

  • The number of robot vacuum cleaners sold during the reporting period was 2.82 million units. The total number of units sold by the company reached 10.87 million, breaking the sales milestone of more than 10 million units.
  • Roborock continues to reduce its reliance on sales from non-Roborock branded products. Roborock-branded models contributed 98.80% of the company’s revenue, up from 90.72% in 2020. This represents a 924% growth in Roborock-branded models’ contribution share per year. compared to 2017.
  • Revenue from Roborock-branded models was 5.767 billion yuan ($904.53 million), an annual growth of 40.77%.

research

  • R&D expenses were 441 million yuan ($69.17 million), representing 7.55% of total revenue. This represents a growth of 67.74% year over year.
  • The number of R&D personnel is 555, which accounts for 58.29% of the total number of employees.
  • During the reporting period, 270 new domestic and foreign patents were filed, a year-on-year increase of 135%.

Main accounting data and financial indicators for the last 3 years

Unit:Yuan Currency:RMB


2021

2020

From year to year
Growth(%)

2019

Total assets

9 807 393 894

7,847,934,431

24.97

1,963,415,195

Net assets
attributable to
shareholders of
listed companies

8,491,558,715

7,114,081,770

7:36 p.m.

1,484,645,012

Revenue

5,837,051,346

4,530,438,736

28.84

4,204,901,983

net profit
attributable to
shareholders of
listed companies

1,402,476,092

1,369,414,866

2.41

782 858 733

net profit
attributable to
shareholders of
listed companies
after deduction
non-recurring
Gains and losses

1,190,170,336

1,207,952,844

-1.47

756 324 766

Net cash flow of
operating activities

1,518,872,092

1,518,214,521

0.04

755 474 164

weighted average
return on equity (%)

6:00 p.m.

23.89

Decrease of 5.89
percentage points

71.72

base salary per
share (Yuan/
Share)

21.03

9:43 p.m.

-1.87

15.66

Diluted profit
Per share (Yuan/
Share)

20.91

9:39 p.m.

-2.24

15.66

R&D investment
as a percentage of
operating profit (%)

7.55

5.8

Increase of 1.75
percentage points

4.59

About Roborock

Roborock is committed to innovation in the research, development and production of home cleaning devices, especially robotic, cordless and wet/dry vacuum cleaners. Every Roborock product has been designed with an eye to solving real world problems, so Roborock customers can live better lives. Currently, Roborock is available in over 40 countries, including the United States, Germany, Franceand Spain. The company operates from four locations, with offices in beijing, Shanghai, Shenzhenand hong kong. For more information, visit https://us.roborock.com/.

Exchange rate information

This announcement contains conversions of certain RMB amounts to US dollars at a rate specified solely for the convenience of the reader. Unless otherwise specified, all conversions of RMB to US dollars and US dollars to RMB are made at a rate of 6.3757 yuan for $1.00the spot exchange rate on the annual closing date of the December 31, 2021. The Company makes no representation that any RMB or US dollar amounts mentioned may be converted to US dollars or RMB, as applicable, at any particular rate or at all.

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SOURCE Roborock

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