Ecovacs Robotics Co., Ltd. Provides Earnings Guidance for the Year 2019
January 29, 2020
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Ecovacs Robotics Co., Ltd. announced that according to preliminary statistics of its financial department, the company predicts a decrease of between RMB 305,085,200 and RMB 365,085,200 in its net profit owned by shareholders of the listed company in 2019 compared with the same period of the year before, with a year-on-year decrease of between 62.89% and 75.26%. The net profit belonging to shareholders of the listed company after excluding extraordinary profit and loss will decrease by between RMB 305,813,000 and RMB 365,813,000 compared with the same period of the year before, with a year-on-year decrease of between 65.65% and 78.53%.
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.