Ecovacs Robotics (603486) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached ¥3.86 billion, up 11.06% year-over-year.

• Net profit attributable to shareholders was ¥474.68 million, a 59.43% increase year-over-year.

• Operating cash flow surged to ¥894.05 million, up 1,005.05% from the prior year.

Financial highlights

• Basic EPS was ¥0.84, up 61.54% year-over-year; diluted EPS was ¥0.83, up 59.62%.

• Gross margin improved, contributing to higher profitability.

• Weighted average ROE increased to 6.39%, up 1.94 percentage points year-over-year.

• Total assets at quarter-end were ¥14.88 billion, down 1% from year-end 2024.

• Shareholders’ equity rose 7.88% to ¥7.76 billion.

Outlook and guidance

• Profit growth attributed to revenue increase, margin improvement, and higher investment income.