--- title: "New Stock News | Roborock has submitted an application to the Hong Kong Stock Exchange and has sold approximately 20 million smart vacuum cleaners" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/271299825.md" description: "Beijing Roborock Technology Co., Ltd. (Roborock) has submitted a listing application to the Hong Kong Stock Exchange, becoming a leader in the global smart vacuum cleaner field. The company has sold approximately 20 million smart vacuum cleaners in the past few years, and global sales are expected to reach 3.449 million units in 2024, with a compound annual growth rate of 23.9%. Roborock's market share is expected to reach 23.4% in 2024" datetime: "2026-01-02T03:41:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/271299825.md) - [en](https://longbridge.com/en/news/271299825.md) - [zh-HK](https://longbridge.com/zh-HK/news/271299825.md) --- > 支持的语言: [English](https://longbridge.com/en/news/271299825.md) | [繁體中文](https://longbridge.com/zh-HK/news/271299825.md) # New Stock News | Roborock has submitted an application to the Hong Kong Stock Exchange and has sold approximately 20 million smart vacuum cleaners According to the Hong Kong Stock Exchange's disclosure on December 31, Beijing Roborock Technology Co., Ltd. (referred to as: Roborock) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with CITIC Securities and JP Morgan as its joint sponsors. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260102/1767322787772873.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## Company Profile The prospectus shows that Roborock (688169.SH) is a global leader in the smart robotic vacuum cleaner sector. During the track record period, approximately 90% of the company's revenue came from the sales of smart robotic vacuum cleaners. The company is continuously expanding into new product categories, launching other smart home cleaning products in the market, such as floor washers and washer-dryer combos. The global sales of the company's smart robotic vacuum cleaners increased from approximately 2,246,000 units in 2022 to approximately 3,449,000 units in 2024, with a compound annual growth rate of 23.9%. **From 2016 to 2024, the global sales of the company's smart robotic vacuum cleaners totaled approximately 20 million units.** According to data from Frost & Sullivan, **in 2024, Roborock is the number one smart robotic vacuum cleaner brand globally in terms of GMV and sales volume. According to the same source, the company's global market share by GMV in the smart robotic vacuum cleaner market reached 23.4% in 2024.** As of September 30, 2025, the company's products have been sold in 96 self-operated stores across 15 official Roborock online stores and major global e-commerce platforms. From 2022 to 2024, the total number of distributors worldwide has nearly doubled. As of September 30, 2025, **the company's products have entered households in over 170 countries and regions.** The market for smart home cleaning products is experiencing rapid growth. Among the main categories of smart home cleaning products, smart robotic vacuum cleaners stand out as the largest sub-market, with strong growth potential. According to Frost & Sullivan, the global market size of smart robotic vacuum cleaners by GMV is expected to reach USD 25.2 billion by 2029, with a compound annual growth rate of 22.0% from 2024 to 2029, higher than the 5.8% compound annual growth rate of the global home cleaning products market. ## Financial Information **Revenue** For the years 2022, 2023, 2024, and the nine months ending September 30, 2025, the company achieved revenues of approximately RMB 6.611 billion, RMB 8.639 billion, RMB 11.918 billion, and RMB 12.055 billion, respectively. **Profit** For the years 2022, 2023, 2024, and the nine months ending September 30, 2025, the company recorded profits of approximately RMB 1.183 billion, RMB 2.051 billion, RMB 1.977 billion, and RMB 1.038 billion, respectively ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260102/1767323037291415.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## Industry Overview The global market size of household cleaning products, measured by GMV, increased from USD 105.5 billion in 2020 to USD 122.1 billion in 2024, with a compound annual growth rate (CAGR) of 3.7%. It is expected to reach USD 162.0 billion by 2029, with a CAGR of 5.8% from 2024 to 2029. **Smart Vacuum Robot Market** **Among the main categories of smart home cleaning products, smart vacuum robots represent the largest sub-market with strong growth potential.** The global market size of smart vacuum robots, measured by GMV, increased from USD 4.4 billion in 2020 to USD 9.3 billion in 2024, with a CAGR of 20.6%. It is expected to further increase to USD 25.2 billion by 2029, with a CAGR of 22.0% from 2024 to 2029. Global sales of smart vacuum robots increased from 14.3 million units in 2020 to 20.6 million units in 2024, with a CAGR of 9.6%, and are expected to further increase to 43.2 million units by 2029, with a CAGR of 15.9% from 2024 to 2029. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260102/1767323872522153.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) In terms of market size, Mainland China, the United States, Japan, South Korea, and Germany are the top five smart vacuum robot markets in 2024. **Competitive Landscape** The global smart vacuum robot market is relatively concentrated. In 2024, the top five brands of smart vacuum robot products accounted for 73.1% and 61.5% of the market by GMV and sales volume, respectively. In 2024, the company's smart vacuum robots accounted for 23.4% of the market share by GMV and 16.7% by sales volume, ranking first in both metrics in the global smart vacuum robot industry. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260102/1767323931637752.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## Board of Directors Information The company's board of directors will consist of 8 directors, including 3 executive directors, 1 non-executive director, and 4 independent non-executive directors. The term of office for directors is 3 years, and they may be re-elected upon expiration of their term. According to relevant Chinese laws and regulations, the term of independent non-executive directors shall not exceed six years. !\[image.png\](https://img.zhitongcaijing.com/image/20260102/1767323474180710.png? x-oss-process=image/format,jpg/quality,q\_90)![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260102/1767323490522293.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## Equity Structure As of December 23, 2025, Mr. Chang Jing holds 20.99% of the company's shares. ![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260102/1767323529190795.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)![image.png](https://imageproxy.pbkrs.com/https://img.zhitongcaijing.com/image/20260102/1767323567506847.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg) ## Intermediary Team Joint Sponsors: J.P. Morgan Securities (Far East) Limited; CITIC Securities (Hong Kong) Limited. Company Legal Advisors: Regarding Hong Kong and U.S. law: Jiali (Hong Kong) Law Firm; Regarding Chinese law: Tongshang Law Firm. Joint Sponsors Legal Advisors: Regarding Hong Kong and U.S. law: Meimaisi Law Firm; Regarding Chinese law: Jingtian Gongcheng Law Firm. Auditors and Reporting Accountants: Ernst & Young. Industry Advisors: ZhiShi Industry Consulting Co., Ltd. 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