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/C O R R E C T I O N -- Roborock/
HONG KONG, March 28, 2024 /PRNewswire/ -- Roborock , a global leader in ultra-intelligent home robotics engineered to simplify daily life, today announced its financial results for the full year ending December 31, 2023 .
Roborock achieved remarkable financial success during the reporting period, posting revenue of 8.65 billion Yuan ( US$1.22 billion ), representing a significant 30.55% Year-On-Year increase. The company recorded a net profit of 2.05 billion Yuan ( US$288 million ), achieving an annual growth rate of 73.32%.
Roborock's total assets reached an all-time high of 14.38 billion Yuan ( US$2.02 billion ), reflecting Year-On-Year growth of 32.71%. These achievements solidify Roborock's position as one of the leading players in the smart vacuum industry. The company also recorded impressive overseas revenue, growing at a rate of 21.42%, while total robot vacuums shipments surpassed 2 million units.
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Roborock is committed to innovation in researching, developing, and producing home cleaning devices, particularly robotic, cordless, and wet/ dry vacuum cleaners. Every Roborock product has been designed with an eye on solving genuine problems, so Roborock customers can live better lives. Currently, Roborock is available in more than 40 countries, including the U.S., Germany , France , and Spain . The company operates out of four locations, with offices in Beijing , Shanghai , Shenzhen , and Hong Kong . For more information visit https://us.roborock.com/.
This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of 7.1132 Yuan to US$1.00, the spot exchange rate at the annual reporting date of December 31, 2023. The company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be at any particular rate or at all.
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