On August 29, Beijing Roborock Technology (688169.SH) released its interim performance report for the first half of 2024. In the first half of 2024, the company's scale growth accelerated, with total revenue of 4.416 billion yuan, a year-on-year increase of 30.90%; net income attributable to the parent company reached 1.121 billion yuan, a year-on-year increase of 51.57%. As of June 30, 2024, the net cash flow from operating activities was 1.031 billion yuan, and the net assets attributable to the parent company were 11.925 billion yuan.

In the first half of 2024, the company invested 0.41 billion yuan in research and development, a year-on-year increase of 422.92%; the number of research and development personnel was 786, a year-on-year increase of 57.52%; the company obtained 267 new authorized patents. The company's products such as the G20S series, V20 series, P10S series smart floor-cleaning robots, HIINeo, Ml series washing and drying machines have received good reviews, further deepening user awareness of the company's brand.

As a global leader in intelligent cleaning appliances, Beijing Roborock Technology currently has its products covered in more than 170 countries and regions, serving over 15 million households. According to data from Euromonitor International, Beijing Roborock Technology ranked first in global sales of floor-cleaning robots in 2023.

At present, Beijing Roborock Technology is continuously expanding its presence in global markets, focusing on North America, Europe, and the Asia-Pacific region. In 2023, Beijing Roborock Technology entered the offline retail market in the United States for the first time and has now expanded to over 1,400 Target stores and over 1,000 Best Buy stores, covering over 700 cities across the United States. With the maturing of channel cooperation and the good sales performance of Beijing Roborock Technology's products in these stores, the company is strengthening its cooperation with these offline channels, and more new models will be available in offline stores in the future.

In addition, Beijing Roborock Technology holds a leading position in major European markets such as Scandinavia and Germany. In the first quarter of 2024, Beijing Roborock Technology ranked first in both sales volume and sales revenue in the floor-cleaning robot market in Denmark, Finland, Norway, and Sweden. The company's sales performance in Asian markets, such as South Korea and Turkey, is also outstanding, with sales volume and revenue consistently leading the industry. Currently, Beijing Roborock Technology has established more localized teams and will gradually develop more promising emerging markets.

It is worth noting that while Beijing Roborock Technology continues to experience stable growth in the traditional cleaning appliance category, its newly developed washing and drying machine category has also received positive market feedback. During this year's 618 shopping festival, Beijing Roborock Technology saw a year-on-year increase of 168.38% in total sales and a year-on-year increase of 434.88% in sales volume across all channels. The M1 Pure underwear washing machine ranked first in the Tmall new washing machine category and the Tmall new washing and drying machine category, and the H1 Air washing and drying machine ranked second in the Tmall new washing machine category and the new washing and drying machine category, with a total of three products ranking in the top ten in the Tmall washing and drying machine overall rankings. It also ranked first in the Douyin underwear washing machine category and top five in the overall washing machine category.