Ecovacs Robotics Co.,Ltd.’s Net Profit Dropped 33.5% in First Half of 2023

Ecovacs Robotics Co.,Ltd. (科沃斯机器人股份有限公司) (603486.SH) reported a net profit of 584 million yuan in the first half of 2023, down 33.5% year-on-year.

Meanwhile, the company posted 7.1 billion yuan in revenue, up 4.7% year-on-year.

At the end of the reporting period, it had 13.7 billion yuan in total assets and 7 billion yuan in total liabilities, with a liability-to-asset ratio of 50.9%.