亮相CES，加速迈向多品类、全场景服务机器人。2026 年1 月6 日公司参加国际消费电子展（CES）， 展示了全新地宝T90 PRO OMNI、地宝X12系列，以及擦窗机器人窗宝WINBOT、割草机器人GOAT 等 多款新品，并首次推出泳池机器人ULTRAMARINE，公司通过扫地机器人技术外溢效应，带动多品 类、全场景服务机器人品类爆发。全新OZMO ROLLER 3.0 恒压活水洗地技术对洗地滚筒进行了全面升 级，截止1 月7 日（公众号发布时间），科沃斯滚筒活水洗地机全球累计销量已突破160 万台，在滚筒 形态扫地机的总销量中占比超过91%。 机器人行业放量在即，积极布局机器人赛道。2025 年8 月8 日，公司成立擎鼎具身智能科技有限公司 （科沃斯持股比例100%），另外，公司还持有仙工智能等多家企业的股权，积极的布局机器人赛道。 投资建议 预计公司2025-2027 年EPS 分别为2.98 元、3.49 元、4.05 元，对应公司2 月4 日收盘价71.56 元，2025- 2027 年PE 分别为24.0 倍、20.5 倍、17.7 倍，我们预计行业具备较高的景气度，公司的盈利能力会延续 改善 ...

Group 1 - The company launched several new technologies and products at the 2026 CES, including OZMO ROLLER 3.0 constant pressure active water floor washing technology, the Deebot X12, the GOAT A/O lawn mower robot, the W3 window cleaning robot, the ULTRAMARINE pool cleaning robot, and the LilMilo smart companion pet robot [1]

Group 1 - The International Consumer Electronics Show (CES) opened in Las Vegas, showcasing ECOVACS' new generation of robotic solutions, including the T90 PRO OMNI, X12 series, WINBOT window cleaning robots, GOAT lawn mowing robots, and the new ULTRAMARINE pool robot [1][3] - ECOVACS' new brand philosophy "ECOVACS, Created for Ease" emphasizes simplifying smart cleaning and advancing technology to enhance user experience and expand product categories [3] - The upgraded WINBOT W3 OMNI features a new multifunctional base station and innovative super-rotating washing technology, which automatically cleans the window cloth and dissolves stubborn stains [3] Group 2 - ECOVACS introduced its first intelligent companion pet robot at CES, combining multimodal perception with pet-like behaviors to provide users with a warm and lifelike companionship experience [5]

Core Viewpoint - The company Ecovacs Robotics has launched groundbreaking products at the 2025 IFA in Berlin, including the revolutionary Deebot X11 and the first-ever pool cleaning robot, ULTRAMARINE, marking a significant advancement in the smart cleaning industry and expanding its leadership in the home service robot sector [1][3]. Product Innovations - The Deebot X11 is the world's first rolling mop robot equipped with PowerBoost instant charging technology, allowing for continuous cleaning of up to 1,000 square meters without interruption [5][19]. - PowerBoost technology enables the robot to recharge 6% of its battery in just 3 minutes during cleaning breaks, redefining the charging logic in the industry [5][19]. - The Deebot X11 features upgraded OZMO ROLLER 2.0 technology and TruEdge 3.0 for enhanced cleaning precision and effectiveness, with a suction power of 3,800Pa and a rotation speed of 200 RPM [5][12]. Environmental and Economic Benefits - The Deebot X11 introduces the OmniCyclone base station with PureCyclone technology, eliminating the need for dust bags and potentially saving up to 2 million dust bags annually, thus providing both environmental and economic advantages [7][12]. AI Integration - The Deebot X11 is equipped with the new AI assistant AGENT YIKO, which combines traditional voice control with advanced language processing capabilities, enabling proactive cleaning and deep analysis of user habits [8][10]. Market Position and Strategy - Ecovacs has maintained its position as the leading brand in the Chinese vacuum robot market for ten consecutive years, driven by continuous innovation and consumer demand [12]. - The company has entered a strategic partnership with Bosch to develop the world's first fully embedded cleaning robot, aiming to enhance smart home experiences [12][13]. Expansion of Product Categories - The introduction of the ULTRAMARINE pool cleaning robot signifies Ecovacs' commitment to diversifying its product offerings in the service robot category, responding to consumer needs for improved cleaning efficiency and usability [12][13]. - The company also showcased its window cleaning robots, which have seen significant sales growth, with revenue surpassing 700 million RMB in 2024 [13]. Investment in R&D - Ecovacs plans to invest approximately 880 million RMB in R&D in 2024, reflecting a year-on-year increase of 7.3%, and has announced a 200 million RMB investment in a manufacturing project for core robot components [15].