On April 30, Stone Technology announced its annual results as of December 31, 2020 and the first quarter of 2021.
The financial report shows that in 2020, Stone Technology achieved revenue of 4.530 billion yuan, an increase of 7.74% year-on-year; net profit was 1.369 billion yuan, an increase of 74.92% year-on-year; the four-quarter performance increased continuously from the previous quarter; annual per capita Profit exceeding 2 million yuan.
Stone Technology released its financial report for the first quarter of 2021 during the same period. The report showed that it achieved revenue of 1.112 billion yuan, an increase of 82.01% year-on-year; net profit was 315 million yuan, an increase of 150.81% year-on-year; Net cash flow was 435 million yuan, a year-on-year increase of 82.89%.
According to financial reports, last year, Roborock’s total shipments of sweeping robots exceeded 2.38 million units, achieving sales revenue of 4.35 billion yuan, an increase of 11.08% over the previous year. In this regard, Stone Technolog
y said that this is mainly due to the improvement of its own brand recognition and the global market layout. On the one hand, it has gradually expanded its own-brand sales channels, increasing the proportion of its own-brand products with higher gross profit from 66.41% to 90.72%; on the other hand, it has rapidly expanded its overseas business and finally achieved overseas revenue. 1.868 billion yuan, a year-on-year increase of 221.33%.Chang Jing, Chairman and CEO of Stone Technology, confirmed that “Science and technology innovation will still be the company’s core strategy in the future.” The financial report disclosed that there are currently 9 research projects in Stone Technology, and the overall R&D investment cost in 2020 will be as high as 263 million yuan, a year-on-year increase. An annual increase of 36.30%; the number of R&D personnel reached 382, accounting for 55.85%; 115 domestic and foreign patents were newly added throughout the year, with a total of 284 patents.
Source: Fast Technology