Vatti(SZ:002035) Zhong Jin Zai Xian·2025-11-06 08:46Core Insights - The "Twin Square Full Coverage Washing Technology" developed by Vatti Co., Ltd. has been recognized as internationally leading in the field of dishwasher cleaning technology, marking a significant breakthrough for the Chinese dishwasher industry [1][6][8] Company Performance - In the first three quarters of 2025, Vatti achieved a revenue of 4.158 billion yuan and a net profit attributable to shareholders of 356 million yuan, with a gross margin of approximately 43.29%, an increase of 2.79 percentage points year-on-year [3][12] Market Trends - The dishwasher market in China is transitioning from an "improvement product" to a "quasi-necessity appliance," with a retail market size of 8.6 billion yuan in the first three quarters of 2025, reflecting a year-on-year growth of 6.8% [4][8] Technological Innovation - The "Twin Square Full Coverage Washing Technology" utilizes a planetary gear system and crank-rocker mechanism to enhance cleaning efficiency, addressing the limitations of traditional circular spray arms that leave cleaning dead zones [4][6][8] - This technology has received the first-level cleaning coverage certification from the Appliance Research Institute, underscoring its innovative nature and technical difficulty [6][8] Industry Recognition - Vatti's advancements have been acknowledged with multiple awards, including "Influential Brand" at the 2025 China Dishwasher Industry Summit and various product accolades for its models featuring the new technology [9][12] Future Outlook - Vatti plans to continue investing in R&D, with approximately 170 million yuan allocated in the first three quarters of 2025, and aims to introduce more innovative kitchen appliances to enhance user experience and drive industry progress [12]