ECOVACS Q1 Revenue Grows 27.1% as Reported Profit Declines

ECOVACS reported first-quarter 2026 revenue of CNY 4.902 billion on April 25, an increase of 27.06% from a year earlier. The quarterly disclosure showed stronger sales but different movements in the company's two main net-profit measures.

Net profit attributable to shareholders fell 14.73% to CNY 404.77 million. Profit excluding non-recurring items increased 11.46% to CNY 396.57 million. The latter removes designated gains and losses outside that measure's recurring basis, so the growth rates cannot be substituted for one another when describing the quarter.

In absolute terms, the two current-period profit figures were relatively close. Their year-on-year comparisons nonetheless differed because each was measured against its own prior-year base. The result is a quarter in which sales and adjusted earnings grew, while total attributable profit declined. It does not support describing either all earnings measures as rising or the entire business as contracting.

The figures cover the listed group, including its ECOVACS and Tineco operations. They are not a standalone result for one robot-vacuum model or one national market. The January-to-March period also differs from the full-year 2025 results released around the same time, which should be read as a separate reporting period.