Ecovacs Robotics Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2021
April 23, 2021 at 06:24 am EDT
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Ecovacs Robotics Co., Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was CNY 2,224.643 million compared to CNY 962.892 million a year ago. Operating income was CNY 389.826 million compared to CNY 44.287 million a year ago. Net income was CNY 333.047 million compared to CNY 40.290 million a year ago. Basic earnings per share from continuing operations was CNY 0.59 compared to CNY 0.07 a year ago.
Ecovacs Robotics Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sales of various kinds of family service robots, clean household appliances and other small household appliances, as well as related parts and components. The Company's main products are divided into two categories: service robots and clean household appliances. The Company's service robot products mainly include Ecovacs branded family service robots. The Company is also involved in the research, development, manufacture and sales of business service robots. The Company's clean household appliances mainly include Original Equipment Manufacturer (OEM)/Original Design Manufacturer (ODM) vacuum cleaners and its own TEK branded series of clean household appliances. The Company distributes its products in domestic market and to overseas markets.
ECOVACS ROBOTICS CO., LTD. 
