GTJA research reports pointed out that due to the increase in performance caused by tax refunds, Roborock Technology (688169.SH) raised its profit forecast for 2024-2026, referring to comparable companies in the same industry and giving the company a 25x PE for 2024. The target price was raised to 507.63 yuan, maintaining a `` shareholding '' rating. The high growth of the 618 sales, and the consolidation of the leading position: According to online data from AVC, the sales of sweepers and moppers in the first week of the big promotion (platform + professional e-commerce) were 805 million and 381 million yuan, respectively, which accounted for 36% and 25% of the total 23-year 618 sales respectively, and the industry has high heat. The market share of Roborock/Ecovacs/Yunjing/ZhuiMi is 34%/22%/20%/16% (23-year 618 full sales are 28%/36%/11%/13%). Roborock Technology has ranked first in market share, and Q2's domestic sales performance has high certainty.
国泰君安：石头科技Q2内销业绩确定性高，维持“增持”评级
GTJA: Beijing Roborock Technology Q2 domestic sales performance has high certainty, maintaining the `` shareholding '' rating.
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