ECOVACS Half-Year Revenue Rises 19.2% as Recurring Profit Falls

ECOVACS reported first-half 2026 revenue of CNY 10.341 billion, up 19.18%, in results released on August 21. Net profit attributable to shareholders increased 27.40% to CNY 1.248 billion, while earnings excluding non-recurring items moved in the opposite direction.

Profit on that adjusted basis fell 6.37% to CNY 805 million. A subsequent CSC Financial research summary attributed the gap partly to non-recurring effects including fair-value movements and asset-disposal income. Its account also identified higher component costs and currency pressures as influences on underlying earnings during the half year.

The same summary described strong overseas growth across the ECOVACS and Tineco brands. It put overseas revenue at 49% of combined brand revenue for the half year and 51% in the second quarter, when it first exceeded domestic revenue. Those figures describe the geographic mix of the brands, rather than the share of every individual product sold abroad.

The results show expansion in group sales alongside a more mixed earnings picture. Reported net profit benefited from items excluded by the adjusted measure, so the 27.40% rise should not be presented as an equivalent improvement in recurring product profitability. The reporting period covers January through June.